Tag: Crypto Regulation

LocalBitcoins Updates Terms of Service to Comply with New European Regulations

In a move necessitated by new regulations on data protection, one of the most popular P2P crypto platforms is updating its terms of service. Headquartered in Helsinki, Finland, LocalBitcoins stated in a blog post that the move would increase transparency in how it provides its services and ensure that it’s compliant with the EU’s soon-to-be-enforced General Data Protection Regulation (GDPR). The new regulation will come into effect on May 25, and the platform …
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Zimbabwe Bans Commercial Banks from Processing Crypto Transactions 

The Reserve Bank of Zimbabwe has ordered all financial institutions in the country to stop engaging in all cryptocurrency transactions immediately. In a circular issued to institutions, the regulator ordered commercial banks to sever any and all financial relationships with crypto-related firms such as exchanges in the next 60 days. According to local media, the central bank took the measure to protect the public and safeguard the integrity and soundness …
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France Seeks Crypto Regulation Debate at G20 Summit

The last few months have been filled with statements from financial regulators warning about the potential risks associated with trading and investing in cryptocurrency. Now, according to recent reports, the French Finance Minister believes that regulation of digital currencies is required at the level of the G20. Le Maire to submit proposal to future G20 President According to Reuters, Bruno Le Maire wishes to discuss efforts to regulate bitcoin and other digital currencies at …
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