Reuters: Japanese Regulators to Introduce New Rules Regarding Exchanges’ Cold Wallets

Japan’s Financial Services Agency (FSA) will reportedly introduce new rules regarding cold wallets for storing cryptocurrencies at crypto exchanges, Reuters reported on April 17. Citing a source familiar with the matter, Reuters reports that the country’s financial regulator will reportedly require cryptocurrency exchanges to strengthen internal supervision of cold wallets — devices for storing digital … Read more

Reuters: France to Push EU Member States to Adopt Its Cryptocurrency Regulations

France is reportedly going to try to convince other European Union member states to adopt cryptocurrency regulations similar to its own, Reuters reported on April 15. Bruno Le Maire, French Minister of the Economy and Finance, reportedly stated that France will encourage other EU countries to adopt cryptocurrency regulations similar to those France approved last … Read more

Financial Stability Board Publishes Crypto Assets Regulators Directory

The Financial Stability Board (FSB) has published a “Crypto Assets Regulators Directory.” The document was recently distributed at the April G20 Finance Ministers and Central Bank Governors meeting. The FSB was founded in 2008 as an international body that monitors the global financial system. Part of its mission is to identify any systemic risk that … Read more

New French law allows crypto investments in major retirement savings plans

Financial newspaper Les Echos reports French assurance vie accounts, used mainly for long-term savings, will be able to accept digital assets By Leo Jakobson , April 12, 2019 The National Assembly of France, where the country’s laws are made (via Shutterstock). The French financial publication Les Echos is reporting that a new law passed on … Read more

Not Just a Sandbox: the CFPB’s Proposed Innovation Agenda

The CFPB’s Innovation Agenda is Much More than Meets the Eye  Eric Goldberg is a Partner at Akerman LLP and former Managing Counsel for Regulations at the CFPB. *This story was originally published for Fintech Policy in January 2019 On December 13th, the CFPB took a substantial step towards improving the regulatory climate for fintech innovation … Read more

France Passes Bill to Allow Insurance Providers to Invest in Crypto and Tokens

French insurance markets can now invest in cryptocurrencies, following the passage of a new law, foreign exchange news agency FXStreet reports April 11. On April 11, the National Assembly of France adopted a bill that is designed to stimulate local business development, including redirecting savings from individuals to businesses, according to local news agency Les … Read more

US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline

Members of the United States Congress sent a joint request to the Internal Revenue Service (IRS) to provide clarity on reporting crypto taxes, according to an announcement on April 11. 21 different representatives sent a bipartisan letter to the U.S. tax authority requesting guidance on how to report virtual currency taxes. The action took place … Read more

ESAs publish Joint Advice on Information and Communication Technology risk management and cybersecurity

ESAs publish Joint Advice on Information and Communication Technology risk management and cybersecurity Wednesday 10 April 2019 15:02 The European Supervisory Authorities (ESAs) today published two pieces of Joint Advice in response to requests made by the European Commission in its March 2018 FinTech Action Plan: Joint Advice on the need for legislative improvements relating … Read more

US Legislators Reintroduce Token Taxonomy Act to Exclude Crypto From Securities Laws

Representatives in the United States House of Representatives have reintroduced the Token Taxonomy Act, according to a press release shared with Cointelegraph on April 9. The bill would exclude cryptocurrency from being classified as a security. The bill was initially proposed last December by Reps. Warren Davidson (R) and Darren Soto (D), and seeks to … Read more

G20 to Establish Crypto AML and Counter-Terrorism Financing Regulations in June: Report

G20 member countries will meet to discuss international cryptocurrency Anti-Money Laundering (AML) regulation on June 8 and 9 in Fukuoka, Japan. The news was revealed in a report from local news outlet Kyodo on April 4. Per the report, and in accordance with official plans, G20 central bank governors and finance ministers will take part … Read more