Regulations

UK Blockchain & Cryptocurrency Regulations in 2021

Continue reading at Coinspeaker

1,136
Like
Save
Major Crypto Firms Kick Against New FinCEN Regulations on Cryptocurrency Transactions

Continue reading at Coinspeaker

1,339
Like
Save
An Open Letter To FinCEN: Newly Proposed Regulations On Cryptocurrency

Policy Division Financial Crimes Enforcement Network  P.O. Box 39 Vienna, VA 22183  FinCEN Docket No. FINCEN-2020-0020, RIN 1506-AB47  December 30, 2020 To Whom it May Concern: I am Ben Davenport, an entrepreneur and investor. I previously co-founded BitGo, the first non-custodial multi-sig wallet provider, and now leading provider of custodial services for cryptocurrencies. I am […]

1,407
Like
Save
Paxful, Citing Regulations and Its Own ‘Risk Tolerance,’ Exits Venezuela’s P2P Bitcoin Market

The exit deprives Venezuela’s crypto scene of its second-largest P2P exchange.

403
Like
Save
Blockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years Later

Ten years ago today someone spent 10,000 bitcoin on about $30 worth of pizza. Today, nations are redrafting crypto regulation and crypto firms report millions in revenues.

1,244
Like
Save
Bitcoin Below $7,000, Clear Regulations Are Directly Related to BTC Price Volatility

Continue reading at Coinspeaker

957
Like
Save
How Chinese Regulations Affect the Price of Bitcoin and Direction for the Future

As of March 2020, China has a ban on cryptocurrency transactions, but up until now it has used cryptocurrency regulations on a number of occasions to influence the price of Bitcoin (BTC). Below is a summary of how Chinese authorities’ regulations have transformed and influenced the BTC price.   Firstly, let’s take a look back […]

237
Like
Save
Faced with EU AML Regulations, Bitcoin Social Tipping Platform Terminates Service

A popular service for tipping social network users has announced that it will cease functioning on New Year’s Eve. BottlePay links social accounts with Bitcoin wallets to allow users to reward each other for agreeable content. The news comes in response to EU anti-money laundering regulations. BottlePay has confirmed that users will still be able […]

1,220
Like
Save
Crypto Exchange Regulations are Coming to Hong Kong

Financial regulators in Hong Kong will introduce clear cut rules to govern the operations of cryptocurrency exchanges. Meanwhile, reports show that fund managers continue to struggle with the stringent requirements for crypto investment in Hong Kong. SFC To Regularize Hong Kong Cryptocurrency Exchange Scene According to Reuters, Hong Kong’s Securities and Futures Commission (SFC) is […]

343
Like
Save
Cryptocurrency regulations in Russia will now be in 3 tiers

Russian Finance Ministry has proposed new cryptocurrency regulations in Russia to classify cryptocurrencies under three separate legal categories. This marks another recent step by the Russian authorities to acknowledge and regulate the cryptocurrency market in the country. The report of this classification proposal also mentions the increasing acceptance of the crypto market by the Russian […]

1,112
Like
Save
State Document Reveals Details of Iran’s Cryptocurrency Mining Regulations

Iran’s Ministry of Industry, Mine and Trade is close to finalizing a document that paves the way for legitimizing cryptocurrency mining for local and foreign citizens in the foreseeable future. In early August 2019, Iranian President Hassan Rouhani’s cabinet issued a directive that recognized cryptocurrency mining as an industry for the first time and defined […]

1,325
Like
Save
Institutional Cryptocurrency Interest Is Booming, Regulations Need to Catch Up

With institutional interest in crypto assets growing, crypto-specific projects and traditional finance companies alike have been ramping up their institutional offerings to cater to the needs of this specific client base. Though a lot of effort has been put into building secure infrastructure and solutions for financial institutions to enter the cryptocurrency field, unclear regulations […]

635
Like
Save
Op Ed: Will Regulations Put a Premium on Virgin Bitcoin?

The G20 Summit held in June 2019 gave birth to a litany of questions and concerns. Chief among these is the issuance of new Financial Action Task Force (FATF) regulations, and what they mean for the future of cryptocurrency. While the regulations are not binding, each member country must determine how to become fully compliant.  […]

714
Like
Save
South Korea Will Take a Direct Approach to Crypto Exchange Regulations

On August 6, 2019, the Financial Intelligence Unit (FIU) of the Financial Services Commission in South Korea revealed plans to institute direct regulations on cryptocurrency exchanges, local news source Business Korea reports. Up until now, FIU has often regulated exchanges indirectly through their banks. Quoting an official with the FIU, Business Korea reported that the […]

1,128
Like
Save
Unclear cryptocurrency regulations in India claim their 3rd victim – Cryptokart

Indecisive cryptocurrency regulations in India and lack of consumer interests have snatched away dreams of several cryptocurrency businesses across the country. In another heart-wrenching story of government shattering the dreams of budding crypto entrepreneurs in the country, an Indian cryptocurrency trading platform, Cryptokart, has decided to cease its operations citing unclear government stance. With this […]

1,343
Like
Save
Spanish Officials: AML Regulations Lack Bitcoin ATM Guidelines

Spanish law enforcement officials claim that there are issues with European anti money laundering (AML) regulations after finding that bitcoin ATMs are being used by criminal organizations, according to Bloomberg.  The AML regulations, which were released in July 2018, are set to be executed next year by the European Commission. However, Europol and Spain’s Civil […]

537
Like
Save
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. 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 […]

101
Like
Save
The Japan Cryptocurrency Business Association issues recommendations on ICO regulations

On March 8, the Japan Cryptocurrency Business Association (JCBA), a membership organization with the aim of achieving the sound development of the cryptocurrency business, released “Recommendations on New ICO Regulations,” which contain recommendations for Initial Coin Offerings (ICOs: financing using cryptocurrency technology).   The JCBA launched the ICO working group at the end of last […]

113
Like
Save
Central Bank of Bahrain releases cryptocurrency and blockchain-specific regulations

The latest to join the bandwagon of countries gearing up for cryptocurrency adoption is the Persian Gulf country of Bahrain. The Central Bank of Bahrain [CBB] officially released regulations dedicated to blockchain and digital asset operations in the country. The structure of the final set of regulation encompasses the realms of crypto licensing, governance, capital, […]

405
Like
Save
$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary?

A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post.  30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after a […]

1,393
Like
Save
2019 Could Bring Amenable Regulations and Growth to the Cryptocurrency Industry

While 2017 successfully popularized bitcoin, altcoins and initial coin offerings (ICOs) due to the surge of the prices of all cryptoassets, 2018 brought back the proverbial rocket ship to earth via stricter regulations and blanket bans.   With more and more regulators looking to implement amenable policies for the cryptospace, coupled with the impending entrance […]

1,097
Like
Save
UAE: ICO Regulations by Mid-2019 Could Propel the Country’s Cryptocurrency Ecosystem

United Arab Emirates (UAE) is set to become the global leader in the infant cryptocurrency industry as its ICO regulations look to be finalized by mid-2019, reports The National, December 24, 2018. Capitalizing on Absence of Competitors While countries like the U.S., China, and India are still pondering over the legal status of digital currencies, […]

1,356
Like
Save
UAE Financial Watchdog to Introduce ICO Regulations by Mid 2019

According to a report by The National, published on December 21, 2018, the UAE’s Securities and Commodities Authority (SCA) is set to introduce ICO regulations in the country by the end of the first half of 2019. ICO regulations will ensure that businesses can raise capital in an efficient, secure, and transparent manner. ICO Regulations […]

538
Like
Save