2020 Cryptocurrency Regulations that could change the industry forever

This year started as a promising new chapter for the cryptocurrency market. A Bitcoin halvening, a global pandemic, and seven months later have made 2020 a completely different year for the industry than what anyone expected. There are plenty of reasons to remember 2020 for many years from now. This year, the cryptocurrency community could go down as the one with some of the most representative regulatory changes in history. Today, we take a closer look at the 2020 cryptocurrency…

Central Banks Digital Currencies (CBDCs) – All You Need to Know

As the crypto market continues to reach new heights, it’s more than just investors interested in the power of blockchain technology. Governments and major financial institutions recognize the benefits of cryptocurrencies, such as higher efficiency and streamlined payments. As such, Central Bank digital currencies (CBDCs) have started to emerge across the globe. A recent survey revealed that around 10% of central banks are on the verge of issuing some form of centralized cryptocurrencies. Unlike cryptocurrencies designed to provide a reliable…

Canadian Authorities Issue New Crypto Guidelines for Trading Platforms

The Canadian government recently issued new guidance towards the cryptocurrency trading platforms’ determination to come under derivatives law. On January 16 2020, the Canadian Securities Administration (CSA) released a document explaining the new provisions. The document has the title “Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets”. In general, the agency differentiates between trading platforms that deliver cryptocurrency assets to users immediately, and the ones that hold the transaction of cryptocurrency assets until…