Tag Archives: Cryptocurrency regulation

Blockchain Under Threat in China, Govt. Enforcing “New Regulations on Blockchain Management’ From February 15

Chinese media reports that last year, netizens in China have used Blockchain technology to record the ‘open rape letter of North university student’ as the evidence (which had happened 20 years ago). So to preserve the national security and public interest, Chinese officials on Jan 10, 2019, have released ‘new regulations on the management of blockchain technology’ which… Read More »

Cryptocurrency Regulation battle Intense In Africa, Regulators Pin Down Suspicious Cryptocurrency Projects

Cryptocurrency craze among African audience is at its peak but 2019 might see many African countries imposing cryptocurrency regulations. The latest report released on January 03, 2019 indicates the initiative of ‘Africa’s new regulatory working group’ created to find out the potentials of blockchain and cryptocurrencies within the nation. Regulators keen to impose cryptocurrency regulations in Africa Consequently,… Read More »

Malta Gov’t Committed to ‘Blockchain Island’ Vision Despite Criticism

Malta’s government has hit back at recent claims by the opposition leader, Adrian Delia, about its silence and inaction concerning the cryptocurrency market. Committed to the ‘Blockchain Island’ Vision In an interview with the Nationalist Party’s NET FM, Delia declared that the prolonged cryptocurrecy bear market was a cause for concern for many stakeholders. He expressed concerns over… Read More »

Crypto Exchange Gemini Pushing for Regulation in New Ad

Bitcoin (BTC), Cryptocurrency, Gemini–While cryptocurrency continues to find its footing in 2019, Winklevoss Twins’ backed exchange Gemini is tackling a direction for the industry. According to a report by the Wall Street Journal on Jan 4., Gemini has kicked off an advertisement campaign in order to push the envelope on regulations for the industry of cryptocurrency. Rather than… Read More »

News Flash: UK’s Financial Authority FCA Investigating 18 Cryptocurrency Companies

UK’s financial authority acts as a nanny when it comes to businesses that are employing Bitcoin and cryptocurrency. Enclosing this, the legal watchdogs are keenly stepping up to draft the most effective approach on how cryptocurrencies and Blockchain tech can be employed. Key Highlights: May 2018 – 24 firms were investigated November 2018 – FCA opened inquiries for… Read More »

G20 Summit: We Will Regulate Cryptocurrencies ‘In Line with FATF Standards’

G20 countries have agreed to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards at the second session of the summit held in Buenos Aires, Argentina. ‘We will regulate crypto-assets for anti-money laundering’ On Saturday, a joint declaration was officially signed by all G20 nations, reports The Saudi Gazette. The document acknowledges that “necessary reform” is… Read More »

Top Cryptocurrency Firms Create Code of Conduct Guidelines for the Market

A group of leading cryptocurrency and financial institutions recently collaborated to form a body that would establish a Code of Conduct guideline for the virtual currency industry. ADAM: Code of Conduct for the Cryptocurrency Market According to a press release published on Business Wire, ten leading cryptocurrency and fintech firms came together on Tuesday (November 27th), to form… Read More »

Indian Government to Draft Cryptocurrency Regulation Next Month

The Indian government is reportedly getting ready with draft regulations on cryptocurrencies next month.The finance ministry set up a panel in November 2017 for the purpose of preparing a regulatory framework on the issue, but the central bank has created a hostile environment for digital currency trading platforms in 2018.After a multitude of petitions filed by operators against… Read More »

Bitcoin Ban is Impossible in India, says Experts

Experts are saying the Indian Government’s perceived plan to ban Bitcoin and all other cryptocurrencies is an impossibility. Analysts are saying that by the very nature of digital currencies, implementing a blanket ban will be difficult. Blanket Bitcoin Ban in India Cannot Happen According to Quartz India, following reports of a possible ban on private use of cryptocurrencies,… Read More »

Isle of Man Tightens Requirements for Cryptocurrency Businesses & ICOs

The Isle of Man recently updated its Designated Businesses Registration policy concerning cryptocurrency companies operating in the British Crown dependency.  Isle of Man Posts New Requirements The Island’s financial regulators also wish to sanitize the local virtual currency scene, doing away with projects that have zero utility. Details of the policy changes form part of the updated Designated… Read More »