Welcome to another weekly blockchain and cryptocurrency news roundup from around the world. Here we present to you all the latest news continent by continent and country by country. Next up is North America.
SEC delays Bitcoin ETFs despite vocal public support: The Securities and Exchange Commission (SEC) is once again stalling another Bitcoin Exchange Traded Fund (ETF).
The ETF in question was from VanEck SolidX and while the move wasn’t surprising, it was established that the SEC will be delaying all ETFs till 2019. The move took place despite over 1400 comments and public letters submitted to the SEC for the VanEck ETF alone, with almost all of them in favor of it.
While the SEC did acknowledge the favorable comments, it issued all of them to submit a 21-day writing assignment before questioning the manipulation of the Bitcoin markets.
Members of Congress for clear crypto tax rules: A few lawmakers of the US Congress have called for a clear set of rules for crypto taxation and reached out to the federal tax collection agency, the IRS.
The letter from representatives David Schweikert, Darin LaHood, Lynn Jenkins, Brad Wenstrup, and Kevin Brady, who is the chairman of the committee on Ways and Means seeks the much-needed clarification and guidance for taxpayers who are involved in cryptocurrencies.
The IRS is yet to comment on the matter.
Report points out improvement areas for cryptocurrency exchanges: The New York Attorney General’s office published a report that outlined some improvement areas for cryptocurrency exchanges in the state.
While New York has one of the toughest exchange laws in place, several exchanges have operational permits but big names like Bitfinex, Tidex and HBUS are still not approved by the State Department of Financial Services.
The report claims that some exchanges have failed to implement standard consumer protection mechanisms including adequate security measures and market surveillance protocols. The exchanges not in compliance are likely to be taken to court and fined.
University launches the first major crypto program in the US: The New York University has launched the first major program for blockchain and cryptocurrencies in the country.
The program offered by the Stern School of Business will include groundwork as well as specialized courses to help understand the legal and business implications for the new market. While the university had already been offering blockchain programs before, this remains the first full-fledged blockchain major in the country.
Oregon pushing for Blockchain State Plan: North-West State Oregon is going ahead with plans for blockchain state project through the state legislature.
The Oregon Blockchain Venture Studio based in the state capital of Portland has been set up with an aim to gather companies and organizations in education, business , and technology. Blockchain technology is of course the most disruptive technology in recent times and the state is looking to land more and more blockchain and cryptocurrency projects.
Government okays 30th ETF provider: While the US is clamping down hard on Exchange Traded Funds (ETFs), Canada just allowed the 30th ETF operator in the country with the launch of two new ETFs based on global warming technologies.
Coin Capital Investment Management Co. Ltd announced its license and that effectively made it the 30th such ETF in the Great White North. Canada is warming up to the idea of cryptocurrencies and the government is adoptiong a favourable stance towards the new currencies.
Government puts Central Bank in charge of cryptocurrency rules: The government of Mexico has announced that it is delegating the power to its Central bank and it will get to choose which cryptocurrency companies are legitimate.
The National Banking and Securities Commission (CNBV) is now in charge of the process. All of the pending cases of exchange and other cryptocurrency related initiatives will be handed over to the bank.
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