cryptocurrency regulation News

What Agents Should Know About Cryptocurrency Insurance Market

Cryptocurrency and blockchain entities may seem like a hot market for insurance agents looking to specialize, but right now there are not many insurers willing to write it. Before jumping in, agents would be wise to consider partnering with a …

Coordinated Global Regulation of Cryptocurrencies Needed: Circle CEO

Major economies should launch coordinated regulation of cryptocurrencies, the head of Goldman Sachs-backed startup Circle said on Monday, underscoring growing industry support for international rules on digital money. “Ultimately there needs to be normalization at the G20 level of critical …

Court Rules Cryptocurrencies Fall Under Commodities Regulator

A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc. The closely …

UK Cryptocurrency Market Similar to ‘Wild West’ and Should Be Regulated: Lawmakers

Britain’s cryptocurrency market resembles the Wild West and should be regulated, lawmakers said on Wednesday, urging the government to bring to heel a sector plagued by volatile price swings, vulnerability to hacking and weak consumer protection. The government’s current approach …

Federal Judge Rules Cryptocurrency Falls Under Securities Law

U.S. securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue. The ruling from U.S. District Judge …

EU Urged to Develop Common Regulations on Cryptocurrency

The European Union should adopt common rules on cryptocurrencies and scrutinize how new digital units are distributed to investors and subsequently traded, according to a report prepared for EU finance ministers. In the report, the Brussels-based think tank Bruegel argues …

Cryptocurrency Platform Omniex Adds Former Regulators Levitt, Bair to Board

Former U.S. Securities and Exchange Commission chairman Arthur Levitt and former Federal Deposit Insurance Corp. chair Sheila Bair have joined the board of advisors of cryptocurrency trading platform Omniex, the company said on Tuesday. Omniex also said it had hired …

Custody Protection, Regulation, Insurance Seen Paving Way for Shift to Cryptocurrencies

Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he’s long contended with a headache: Ensuring his holdings aren’t stolen. Samani, a managing partner at Multicoin Capital, hopes to offload that …

Coincheck Will Start Compensating 260,000 Victims of $500M Cryptocurrency Heist

Coincheck Inc. said it will start compensating users who had their cryptocurrency stolen beginning as soon as next week, as the Japanese exchange seeks to resume more of its operations. All of the 260,000 users impacted by the theft of …

Bipartisan Momentum Building in Congress for Cryptocurrency Regulations

Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in …