AUD Crypto News 

From India to Australia via Gibraltar: Cryptocurrency Regulation Update

“As the cryptocurrency industry spreads across the globe and grows in popularity, governments are forced to take notice” reports financemagnates.com. This means that the Australian Transaction Reports and Analysis Centre will be able to monitor the activities of all cryptocurrency exchanges. Source: financemagnates.com Share This:

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WARNING: Inadequate Vaginal Mesh Regulation Exposed Women To ‘Unnecessary Harms’

“In the latest report, health experts argue that regulatory failings have enabled new vaginal mesh devices to be brought to market with inadequate evidence of their safety” writes Rachel Moss for huffingtonpost.com. The report also shows that evidence consistently pointed to a lack of long term data to inform use of vaginal mesh devices. Source: huffingtonpost.com Share This:

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UK-style regulation could boost productivity in other economies, OECD says

“This can also stop the roll-out of technology across economies, as these innovative firms cannot scale-up and spread best-practice with new tools, the OECD found” writes Anna Isaac for telegraph.co.uk. UK productivity has won rare praise in a paper released on Wednesday, which suggested other countries should follow its regulatory lead in order to kill off weak firms.This is because zombie firms can clog up the financial system if they tie-up capital that could otherwise go to innovative companies.Adopting a similar insolvency regime to the UK could help other major economies revive…

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Crypto News 

Tadej Slapnik: Slovenia Will Actively Participate in the Development of European Blockchain Environment

“Tadej Slapnik: Slovenia Will Actively Participate in the Development of European Blockchain Environment Tadej Slapnik, the State Secretary in the Office of the Prime Minister of the Republic of Slovenia, is one of the developers of the national blockchain strategy” writes About Guest User for livebitcoinnews.com. T.S.: European Blockchain development program has strong influence on Slovenia, but it is better to say that the influence is mutual.As the trust grows using blockchain technology, more and more private blockchain based models can be developed, following the principles of social economy.First, transparency…

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Crypto News 

UK and EU plan crackdown amid crime and tax evasion fears

“The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion” writes Julia Kollewe for theguardian.com. The Treasury plans to regulate bitcoin and other cryptocurrencies to bring them in line with anti-money laundering and counter-terrorism financial legislation.But Sir Jon Cunliffe, a deputy governor of the Bank of England, last week said the digital currency was too small to pose a systemic threat to the global economy.The UK government is negotiating amendments to the…

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Crypto News Platforms 

UK Treasury Plans Tighter Regulation of Bitcoin and Cryptocurrencies

“The UK Treasury will lead the effort into regulating cryptocurrencies like bitcoin, bringing it under the purview of anti-money laundering and counter-terrorism financing legislation” writes unknown author for cryptocoinsnews.com. We also intend to update regulation to bring virtual currency exchange platforms into anti-money laundering and counter-terrorist financing regulation.Speaking in the UK Parliament, Barclay was responding to a question about the Treasury Department’s intent to regulate cryptocurrencies.The British government is planning to introduce strict regulations of cryptocurrencies like bitcoin to combat crime like tax evasion and money laundering.We have clear tax…

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European businesses are readying themselves for a big shift in data protection

“Giovanni Buttarelli, the European data protection supervisor, told CNBC in an interview that it was “time for a new culture in terms of data protection.”” writes Anmar Frangoul for cnbc.com. Companies in Europe will have to comply with updated rules on data protection from next May, when the General Data Protection Regulation (GDPR) will start to apply .European data protection supervisor Buttarelli said that retailers would be treated like “responsible adults.”. The European Commission (EC) has said that a new single law on data protection will replace “the current inconsistent…

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Crypto News 

White House: Bitcoin ‘being monitored’ for possible regulation

“White House press secretary Sarah Sanders said Thursday that officials are monitoring the digital currency bitcoin for possible regulation” writes Steven Nelson for washingtonexaminer.com. Sanders said that Tom Bossert, a presidential adviser on national security issues, mentioned bitcoin in a meeting this week.The Internal Revenue Service won a court ruling this week for records from the company Coinbase, a popular platform for buying bitcoin. Source: washingtonexaminer.com Share This:

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News Regulators 

Fed nominee Jerome Powell sees no need for stronger bank rules but doesn’t favor big rollback

“On regulation, Powell said that post-crisis changes have made the financial system stronger, but that those regulations were unnecessarily uniform” writes The New York for seattletimes.com. Powell, a Fed governor since 2012, defended the Fed’s approach to financial regulation.Since joining the Fed, he has voted in favor of every policy decision — both monetary policy and regulatory policy — under the current Fed chair, Janet Yellen, and her predecessor, Ben Bernanke.Powell also pledged to continue the Fed’s current approach to monetary policy, by gradually raising interest rates so long as…

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