Cryptocurrency Regulations Roundup – This Week in Crypto, July 21st 2018

This week in cryptocurrency regulations news. Ukraine, USA, Switzerland, UK and Malta are making moves to deploy and further build the framework for future regulation and licensing of cryptocurrencies and the crypto trading markets. Read the following articles to learn more:

Ukrainian Financial Stability Council Supports Regulatory Concept for Cryptocurrencies

The Financial Stability Council of Ukraine has supported a concept for crypto regulations, Timur Khromaev, head of the National Securities and Stock Market Commission (SSMCS) reported in a Facebook post July 20.

U.S. Initiates Regulatory Sandbox for Blockchain and Cryptocurrency

Among the bustle of crypto-related activities in Washington this week, an important announcement surfaced from Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB).

Switzerland to Ease Regulation for Cryptocurrency Ecosystem

Once called “Crypto Nation,” Switzerland has recently been driving away the ecosystem after setting up a more stringent regulatory framework.

UK Top Wealth Managers Want Cryptocurrency Regulation

Senior executives from three of the leading British wealth manager companies, Wealthify, Scalable Capital and Nutmeg, have called on the financial regulator, the Financial Conduct Authority or FCA, to act in the cryptocurrency market and to protect investors from unstable digital coin prices, local media reported on Thursday.

Senate Cryptocurrency Hearing: Speakers Urge Pragmatic Regulation

The US government held its second official hearing on the subject of cryptocurrency regulation yesterday. Specifically, the House Committee on Agriculture heard from a number of individuals from various fields pertaining to the industry.

Congressional committees get mixed messages on cryptocurrency regulation

Two separate Congressional committees Wednesday got mixed messages on cryptocurrencies, hearing the full gamut of opinions ranging from banning them to embracing them with reasonable regulation.

Malta Says Crypto Rules Aren’t Yet In Force

Three bills regarding cryptocurrencies, blockchain and distributed ledger technology, passed by Maltese Members of Parliament in June, set out a number of ambitious changes to the country’s legal landscape overseeing cryptocurrency-related businesses. However, the Malta Financial Services Authority said Friday that one of these laws is “not yet in force.”

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