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US & Canada


Smart contract coders could be held liable if they knowingly use blockchain technology to create functions that are deemed as predictive “event contracts,” according to a U.S. regulator. Speaking at an event in Dubai on Tuesday, Brian Quintenz, a commissioner at the U.S. Commodity and Futures Trading Commission (CFTC), explained his views on how old …

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Plattsburgh, New York, is considering bringing in stricter requirements on commercial cryptocurrency mining farms operating in the city. Patrick McFarlin, a councilor of Plattsburgh’s Common Council, proposed a new law last week that aims to introduce “zoning regulations” for commercial crypto mining activities. According to an update from the council Friday, a public hearing will now be …

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An influx of institutional investors to the cryptocurrency markets may help the space “mature,” U.S. Commodity Futures Trading Commission chair J. Christopher Giancarlo said Friday. The regulator discussed his agency’s efforts to regulate the cryptocurrency space with Fox Business, noting that there has been an increase in movement into the space, which he stated would …

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A U.S. crime-fighting agency is urging domestic exchanges to help prevent the Iranian regime from using cryptocurrency to bypass economic sanctions. The Financial Crimes Enforcement Network (FinCEN) published an advisory Friday, stating that Iran’s “illicit and malign” use of cryptocurrency to “exploit” the financial system includes at least $3.8 million-worth of bitcoin-denominated transactions every year. “While the use …

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Famed economist Nouriel Roubini plans to strike a fiery tone on cryptocurrency and blockchain before a group of U.S. senators on Thursday. Roubini will testify before the U.S. Senate Committee on Banking, Housing and Urban Affairs alongside Coin Center director of research Peter Van Valkenburgh in a hearing entitled “Exploring the Cryptocurrency and Blockchain Ecosystem.” …

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Bitcoin futures firm 1Broker, which has been charged with violating a number of U.S. securities laws, has announced that it would reopen withdrawals on Thursday. The trading platform, which was accused of acting as an unregistered security-based swaps dealer, as well as violating money laundering and wire fraud laws, saw its website seized by the …

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Canada-based crypto exchange QuadrigaCX is waiting on a verdict in a long-running legal case against the Canadian Imperial Bank of Commerce (CIBC). At the heart of the dispute is CA$28 million, or about $21.6 million in U.S. dollars. The case began in January 2018, when the CIBC froze multiple accounts opened by QuadrigaCX’s payment processor, claiming …

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A newly-published indictment by the U.S. Department of Justice charges seven alleged Russian intelligence agents with using cryptocurrencies as part of a broad “influence and disinformation” scheme. The government alleges that Aleksei Sergeyevich Morenets, Evgenii Mikhaylovich Serebriakov, Ivan Sergeyevich Yermakov, Artem Andreveyich Malyshev, Dmitriy Sergeyevich Badin, Oleg Mikhaylovich Sotnikov and Alexey Valerevich Minin are members of …

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This post was originally published here A newly-published indictment by the U.S. Department of Justice charges seven alleged Russian intelligence agents with using cryptocurrencies as part of a broad “influence and disinformation” scheme. The government alleges that Aleksei Sergeyevich Morenets, Evgenii Mikhaylovich Serebriakov, Ivan Sergeyevich Yermakov, Artem Andreveyich Malyshev, Dmitriy Sergeyevich Badin, Oleg Mikhaylovich Sotnikov and …

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A bipartisan bill recently introduced to the U.S. House of Representatives proposes creating a “consensus-based definition of blockchain.” Representatives Doris Matsui and Brett Guthrie – both members of the Energy and Commerce Subcommittees on Communications and Technology and Digital Commerce and Consumer Protection – submitted the legislation Monday. If passed and signed into law, bill H.R. …

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Bitcoin futures firm 1Broker said Monday that it will begin allowing users to access a “read-only” version of its platform, a move that comes days after it was hit with charges from U.S. regulators. The company announced Monday that it was looking for legal counsel in the U.S., which 1Broker hopes to do within the …

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This post was originally published here Public officials in Missoula County, located in the U.S. state of Montana, have decided to look into new regulations around cryptocurrency mining rather than seek to ban the activity entirely. As previously reported, miners have been drawn to the region thanks to access to cheap electricity, but local concerns …

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Public officials in Missoula County, located in the U.S. state of Montana, have decided to look into new regulations around cryptocurrency mining rather than seek to ban the activity entirely. As previously reported, miners have been drawn to the region thanks to access to cheap electricity, but local concerns about power rate spikes and noise …

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Ripple is leading a number of organizations launching a lobbying group in Washington D.C., Business Standard reported Friday. Dubbed Securing America’s Internet of Value Coalition (SAIV), the group includes, apart from Ripple, the RippleWorks Foundation; Coil, a company developing a solution for digital payments; Hard Yaka, an investment firm focusing on digital assets; and PolySign, a …

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The Commodity Futures Trading Commission (CFTC) filed charges against two defendants for allegedly going to a number of lengths in attempts to steal bitcoin. The regulator announced late Friday that it was charging two individuals using the names Morgan Hunt and Kim Hecroft for “fraudulent solicitation, impersonation of a CFTC investigator and forging CFTC documents” …

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A group of U.S. lawmakers are asking Securities and Exchange Commission (SEC) chairman Jay Clayton to clarify when initial coin offerings (ICOs) are considered securities sales. In the letter, Representatives Ted Budd, Warren Davidson, Tom Emmer and Darren Soto, along with 11 co-signers, request that Clayton clarify how it is approaching token sales, saying that …

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An effort by the U.S. Congress to launch a task force investigating cryptocurrencies is gaining traction. House Resolution 5036, a bill hoping to establish the “Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing,” was referred to the House of Representatives Wednesday for consideration. The bill, a seeming upgrade from one introduced by …

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An effort by the U.S. Congress to launch a task force investigating cryptocurrencies has been suspended. House Resolution 5036, a bill hoping to establish the “Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing,” was referred to the House of Representatives Wednesday for consideration. The bill, a seeming upgrade from one introduced by …

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A U.S. judge has sided with the Commodity and Futures Trading Commission (CFTC) in a lawsuit involving an allegedly fraudulent crypto investment scheme, ruling that the cryptocurrencies involved are commodities for the purpose of the case. As CoinDesk reported in January, the CFTC charged two individuals and a Las Vegas-based business called My Big Coin Pay …

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The U.S. Securities and Exchange Commission (SEC) is seeking further action against the founders of the PlexCoin crypto scheme, which it had previously shut down as a fraud. First reported by Finance Magnates, the SEC submitted a document to the New York Eastern District Court on Tuesday, requesting to file a motion for sanctions against the two founders, …

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