Regulation
'Gold-Backed' Crypto Token's Promoter Investigated by Florida Regulators
Karatbars, issuer of a purportedly gold-backed crypto token, is under investigation by Florida regulators over links to a Miami “crypto bank.”

US House Committee Pressuring Zuckerberg to Testify on Libra: Report
Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm's cryptocurrency project Libra.

Ohio Treasurer Suspends Predecessor's Bitcoin Tax Payment Service
A website launched last year by the U.S. state of Ohio allowing businesses to pay a range of taxes with bitcoin has been taken offline.

Japan's Financial Regulator Issues Draft Guidelines for Funds Investing in Crypto
The instructions from the FSA are vague and obvious, but they indicate some movement on the regulatory front.

Coinbase-Led Crypto Ratings Council Draws Skepticism From Legal Experts
The Crypto Rating Council is dividing legal experts, with some praising the concept and others skeptical whether it will sway the minds of regulators.

Missouri Watchdog Hits Unregistered Crypto Brokerage With Cease and Desist
St. Louis-based Mavixbtc allegedly promised 55-percent returns and falsely claimed to be registered with two watchdog organizations.

European Competition Watchdog Fears Libra's 'Closed Economy'
The European Commissioner for Competition, Margrethe Vestager, is asking tough questions of Libra over its potential closed economy.

Congressional Challenger to House Speaker Pelosi Is Fundraising in Crypto
Democratic blockchain and crypto enthusiast Agatha Bacelar is challenging House Speaker Pelosi on a tech-focused platform.

Coinbase-Led Group Aims to Help Crypto Firms Avoid Securities Violations
Coinbase, Circle, Genesis and more are developing a ratings system aimed to flag crypto assets that are similar to securities.

Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners
A new bill from Uzbekistan's Ministry of Energy would triple the price of power for miners, raising fears it could stifle the local mining industry.

