Japan’s largest bank has reaffirmed it is developing an in-house cryptocurrency. “MUFG Coin” could be released as early as 2019.
<h1>Supreme Court Of India Bars Further Petitions Related To Cryptocurrency Ban, To Issue Ruling In July</h1>
Acceding to the Reserve Bank of India, the Supreme Court of India has barred lower courts from hearing any more petitions pertaining to cryptocurrency. The Supreme Court will hold a hearing in July that will likely determine the fate of cryptocurrency in India.
<h1>China Releases Rankings Of 28 Cryptocurrencies, Blockchains</h1>
China’s Ministry of Industry and Information Technology released rankings of 28 cryptocurrencies and blockchains based on technology, application, and innovation.
<h1>Swiss Executive Council Calls For Study On E-Franc Cryptocurrency</h1>
Switzerland’s Federal Council has asked for an examination of the advantages and disadvantages of a government-backed e-franc cryptocurrency.
<h1>Chile Central Bank President Suggests Crypto Regulations To Track Criminal Activity</h1>
The president of Chile’s central bank is reportedly open to regulating cryptocurrency with the expressed desire to monitor illegal activities.
<h1>SEC Encourages Investor Protection Through Parody ICO</h1>
ETHNews has a strict policy of not reporting on initial coin offerings (ICOs) while they’re in progress, but even we couldn’t pass on this opportunity.
<h1>Central Bank Digital Currency? Fed Governor Brainard Says No Thanks</h1>
Cryptocurrencies are probably not a good fit for central banks, according to a member of the Board of Governors of the Federal Reserve System.
<h1>Telegram’s Much-Anticipated Public ICO Jettisoned By Early Intervention Of Wealthy Investors</h1>
Telegram’s plans to launch a multi-billion-dollar initial coin offering for its Telegram Open Network project hit the skids upon news that early-accredited investments met Telegram’s fundraising goal.
<h1>Bank Of Korea Taskforce To Research Possible CBDC</h1>
Reports emerging out of South Korea today highlight ongoing work by the BOK to understand the broad ramifications of cryptocurrency, and explore central bank-issued digital currency.
<h1>Federal Trade Commission To Host Training Workshop On Cryptocurrency Scams</h1>
Next month, the Federal Trade Commission (FTC) will hold an event called “Decrypting Cryptocurrency Scams.” The workshop is free and open to the public.
<h1>SEC, CFTC To Discuss Possible Securities Classification Of Ether, Other Cryptocurrencies</h1>
Senior officials from the CFTC and SEC will meet next Monday to carefully consider whether Ether and other cryptocurrencies should be regulated as securities.
<h1>UNICEF Australia Asks Users To Donate To Rohingya Refugee Aid Through Cryptocurrency Mining</h1>
Those seeking an immediate and secure way to donate to the Rohingya refugee crisis in Bangladesh have a new avenue thanks to UNICEF Australia, which is continuing its foray into the cryptospace like a growing number of its fellow UN branches.
<h1>No ‘Macrocritical’ Risks From Cryptocurrency, Says IMF</h1>
The International Monetary Fund (IMF) isn’t terribly worried about the financial stability risks posed by cryptocurrencies. Nonetheless, the organization expressed limited concerns about leveraged trading of cryptocurrencies, the integration of crypto-assets into mainstream financial products, and the cross-border character of these digital assets.
<h1>Should Ripple’s XRP Contribution To Nonprofit DonorsChoose Be Tax-Deductible?</h1>
Shortly before the FY 2017 tax filing deadline, Ripple contributed approximately $29 million worth of its XRP to DonorsChoose, a 501(c)(3) nonprofit organization. Depending on how the Internal Revenue Service approaches XRP, Ripple – the effective creator and steward of the tokens – could be eligible for a large tax deduction, though the implications of such a deduction are concerning.
<h1>Nasdaq Turns Toward Cryptocurrencies, Joins Forces With Gemini Exchange</h1>
The CEO of Nasdaq Inc. states the company is open to listing cryptocurrencies and has tapped US-based cryptocurrency exchange Gemini to use its SMARTS surveillance technology, which monitors real-time activity and raises alerts with operators when it discovers unusual trading patterns.
<h1>Iran Bans Cryptocurrency Trade As Nuclear Deal Deadline Looms</h1>
The Central Bank of Iran has announced a ban on all cryptocurrency trades.
<h1>Former CFTC Chairman: ‘Strong Case’ For Securities Designation Of Ether, Ripple’s XRP</h1>
Ex-CFTC chairman Gary Gensler believes that Ether and Ripple’s XRP might be ‘noncompliant securities.’ Bitcoin, he anticipates, may remain exempt from that classification.
<h1>Amazon Patent Describes Marketplace For Bitcoin User Data</h1>
Amazon has been awarded a patent for a “streaming data marketplace,” where information, including the identities of parties involved in cryptocurrency transactions, may one day be sold.
<h1>Malta’s MFSA Seeks Ecosystem Feedback On DLT Asset Classification</h1>
The Maltese Financial Services Authority has published an analysis of how digital assets that are maintained on distributed ledgers are defined under current financial legislation. A new Financial Instrument Test could help both lawmakers and DLT innovators alike determine how digital assets should be classified.
<h1>Texas State Securities Board Highlights Investigations Into Offerings Tied To Virtual Currencies</h1>
New information released by the TSSB outlines data points collected from Enforcement Division investigations into promoters of cryptocurrency investments. The Lone Star State is demonstrating its proactive approach to protecting Texan investors.
