Digital Currency and Blockchain Weekly Round-Up – July 12th, 2019
Fri, 12 Jul 2019, 12:39 pm UTC
Trump lashes out Bitcoin, Facebook's Libra, argues they should face banking regulations
U.S. President Donald Trump said he is “not a fan” of cryptocurrencies as they are “not money” and suggested that Facebook may need a “new banking charter” if it plans to launch its cryptocurrency Libra.
SEC, FINRA issue joint statement on custody issues of digital assets
The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have released a joint statement clarifying the broker-dealer custody of digital asset securities. The joint statement was released in response to the questions raised by market participants.
110 cryptocurrency exchanges seek to enter Japanese market
With Japan being one of the biggest economies in the world and having a substantial gadget-centric population along with crypto-friendly regulations, it’s the perfect ecosystem for cryptocurrency. This is why over 110 exchanges have applied for acceptance into the market, with several of them being in various stages of the process.
Canada’s updated AML rules to require crypto exchanges to register as MSBs
The government of Canada has updated its Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) rules, CoinDesk reported. The amendments, which were finalized last month, target cryptocurrency exchanges operating in the country, among other things. The objective of these amendments is to address and close the gaps that exist in Canada’s AML/ATF Regime.
Turkey considers developing central bank digital currency
Following China’s lead, Turkey is now considering the idea of putting cryptocurrency under the direct supervision of its central bank. This news comes in conjunction with the Eleventh Development Plan that was submitted to parliament on July 8. The plan is meant to cover the period between 2019 and 2023. There are several items on that plan covering blockchain and one of them has to do with the establishment of crypto governance under the umbrella of the Central Bank of the Republic of Turkey (TCMB).
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