“South Africa May De-anonymize Bitcoin”
According to Business Insider, the Reserve Bank (SARB) will be releasing a “policy paper” regarding Bitcoin (BTC) and the broader crypto ecosystem in the coming months. The Reserve Bank claims that its up-and-coming registration system should aid in protecting investors and consumers. Reports claim that the financial entity is also looking to integrate such a system to ensure crypto-related laws are paid in full. SARB seeks to accomplish this task by de-anonymizing BTC transactions and ensuring that exchanges, wallets, and projects of similar caliber actively track transactional data
“Ethereum Co-Founder Joins ErisX Board”
Joe Lubin, who leads ConsenSys, a firm aimed at building out projects to support the Ethereum ecosystem, has been named to ErisX’s board of directors. ErisX, a derivatives exchange, is backed by Wall Street trading firms including Virtu Financial, Susquehanna International Group, XR Trading and DRW and recently raised $27.5 million from its investors. The firm said in October it would have its spot market for crypto trading up and running by Q2 of 2019.
“Rep. Emmer Re-submits Crypto Bill”
A bill exempting companies providing non-custodial crypto services from certain state money transmitting laws has been re-submitted to the United States Congress. The bill, titled “to provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services,” was submitted by Tom Emmer, a US congressman who has also shown interest in cryptocurrencies and blockchain technology in the past
“Malaysia Labels All Crypto as Securities”
Securities Commission Malaysia (SC), the country’s top financial watchdog, has announced that it would categorize cryptocurrencies such as Bitcoin as securities. The commission confirmed in a press release that the said regulations have come into force as of January 15. Therefore, anyone planning to run crypto operations inside the country would have to obtain a license from the SC. Malaysia’s finance minister Lim Guan Eng clarified that individuals found to be breaking their crypto laws would be treated according to the securities laws guidelines