Crypto News 

OECD Calls for ‘Delicate Balance’ in Global ICO Regulation

“The Organisation for Economic Cooperation and Development (OECD) has stated that global regulators should work together to facilitate the development of initial coin offerings (ICOs), according to a report released Jan. 15” writes Adrian Zmudzinski for cointelegraph.com. A Cointelegraph analysis from September of last year describes how OECD has been cautiously enthusiastic about blockchain technology.Organizers planned to focus on the use of blockchain tech in government activities and public initiatives, as well as regulatory aspects. The organization has on the other hand been reportedly less supportive of blockchain-based currencies —…

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Crypto News 

Malaysia Develops Harsh Regulation Alongside With Positives Attitudes Toward Crypto

“According to reports, the new regulation has classified cryptocurrencies, tokens and crypto assets as securities, which means they are now under the jurisdiction of the Malaysian Securities Commission” writes Gareth Jenkinson for cointelegraph.com. In December, the finance regulator and central bank had earmarked a final decision on regulation for the first quarter of 2019.While the change may seem harsh at face value, the punishments for those not adhering to regulations are just the worst-case scenario. Source: cointelegraph.com

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Brokers News 

Data Broker Acxiom Comes Out in Support of Apple CEO Tim Cook’s Call for US Data Privacy Regulation

“One of the biggest ad data brokers has come out in support of Apple CEO Tim Cook’s call for federal privacy legislation to regulate the collection and use of personal data in the United States.In a statement Thursday evening provided to Business Insider , data broker Acxiom confirmed its support for federal privacy legislation” writes Day Ago On for macrumors.com. Cook, also supports a national privacy law for the US, such as GDPR provides for the European Union,” it read.A data broker acts as a middleman, transferring user data between…

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Brokers News 

Apple CEO Tim Cook blasted the invisible ‘shadow economy’ that profits off your information

“Apple CEO Tim Cook came after the “shadow economy” of firms profiting from people’s personal data in a column for Time Magazine on Wednesday” writes Isobel Asher Hamilton for businessinsider.com. Cook set his sights on data brokers, saying that they need to be reined in.The biggest data brokers are firms such as Axciom, Experian, and Oracle.Cook called for the US government to create federal privacy legislation to empower consumers and make data brokers register with a specialised “clearinghouse” to increase transparency. Source: businessinsider.com

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News 

EU seeks temporary deal over refugees and migrants rescued at sea

“The European Union is attempting to agree on a temporary deal on the handling of migrants and refugees rescued at sea, after a push for wide-ranging reforms before the European elections failed to win support” writes Roy Greenslade for theguardian.com. They were allowed to disembark in Malta after a deal was struck to disperse them among eight EU member states.The latest idea for a temporary fix would not include quotas, nor prejudge decisions on the Dublin regulation, according to one EU source. Source: theguardian.com

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Crypto News 

Russian Parliament to Discuss Crypto Bill Within Two Months, Official States

“As Cointelegraph previously reported, the Russian parliament passed the crypto bill in the first reading May 2018” writes Ana Berman for cointelegraph.com. The State Duma, the lower chamber of the Russian parliament, will discuss a draft bill on crypto regulation in January or February, the head of Committee on Financial Markets told local news agency TASS on Monday, Jan. 14.The Russian Union of Industrialists and Entrepreneurs, which has mineral mining and smelting billionaire Vladimir Potanin and head of the Russian innovation fund Skolkovo Viktor Vekselberg among its members, has offered…

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Crypto News 

Malaysian Cryptocurrency Regulation to Classify Digital Assets, Tokens as Securities

“Malaysian cryptocurrency regulation comes into effect on Tuesday, Reuters reports on Monday, Jan. 14” writes Adrian Zmudzinski for cointelegraph.com. According to Reuters, the new regulation classifies digital currencies, tokens and crypto-assets as securities, placing them under the Securities Commission’s authority.The Malaysian finance minister, Lim Guan Eng, reportedly said today that the Capital Markets and Services Order 2019 would become effective on Jan. 15. Still, it has reportedly been clear since November of last year that Malaysia will enact regulations for cryptocurrency and ICOs in Q1 2019, as Cointelegraph reported at…

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News 

UK Says ‘No’ To Small Business Loan Regulation

“The U.K. government has reportedly rejected recommendations by the Treasury Select Committee that suggested stricter regulations on bank lending to small businesses (SMBs)” reports pymnts.com. In response to the Treasury committee’s recommendation, the government stated it “does not believe there is a clear case” to introduce small business lending regulation, pointing to higher costs to lenders that could be passed onto borrowers.Last October, RBS CEO Ross McEwan spoke with reporters, noting that a lack of industry regulation allowed such mistreatment against small businesses to occur.If the government continues to bury…

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Crypto News 

Japan’s Financial Watchdog Seeks to Regulate Unregistered Crypto Investment Firms

“Japan’s Financial Services Agency (FSA) is considering the regulation of unregistered firms that solicit investments in cryptocurrencies, Cointelegraph Japan reports on Jan. 8” writes Marie Huillet for cointelegraph.com. As previously reported, Japan has a checkered history with cryptocurrencies, playing host to the industry’s highest-profile crypto exchange hacks to date — including Mt.The development is reportedly a bid to close a loophole in the country’s existing regulatory framework, in which unregistered firms that collect funds in crypto rather than fiat currencies remain in a gray zone.This situation exists because these firms…

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Crypto News 

‘Crypto Needs Rules’ Says New Gemini Ad Campaign

“The Gemini cryptocurrency exchange founded by the Winklevoss twins in 2014 is calling for better regulation of the crypto space in a new ad campaign, the Wall Street Journal (WSJ) reports on Jan. 4” writes Aaron Wood for cointelegraph.com. Placards on taxis and in the New York City subway contain slogans like “crypto needs rules” while simultaneously suggesting that Gemini already provides a regulatory compliant exchange for investors. The act would exclude tokens from being considered securities, and provide a new definition for crypto assets.This sign makes me sad.” Neha…

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