Posts in category

Bitcoin Regulation


This post was originally published here The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) plans to stricten its customer asset management measures. The Japan Times outlet reported this news Sunday, September 30, citing “informed sources.” JVCEA is a self-regulatory group of some of the largest licensed exchange operators in Japan, established in April of this …

0 34

The US Securities and Exchange Commission (SEC) is preparing to examine up to 100 hedge funds that deal with cryptocurrencies, a person familiar with the matter told WSJ March 22. The initiative is separate from the dozens of cryptocurrency probes, which mainly target companies the SEC suspects of running afoul of securities laws via Initial …

0 39

IG Group, a UK online derivatives trading company, has seen a “markedly” slower rate of cryptocurrency trading since the new year, even though the company had stated that their third quarter experienced a “bumper performance” due to the rising popularity of cryptocurrency derivatives, the Financial Times reports today, March 22. According to IG group data, …

0 42

The US Department of the Treasury may begin adding digital currency addresses to its sanctions list if they can tie them to a sanctioned individual, according to a document issued March 19. The Office of Foreign Assets Control (OFAC) may add digital currencies addresses and wallets to the Specially Designated Nationals And Blocked Persons List …

0 39

Last week, The Korea Times, a mainstream media founded by the country’s largest newspaper Hankook Ilbo, reported that sources within the government revealed the plans of local financial authorities to legalize initial coin offerings (ICOs) in the future. “The financial authorities have been talking to the country’s tax agency, justice ministry and other relevant government …

0 37

Last week Thailand’s government issued drafts of two laws regarding cryptocurrency and ICO legislation. There is a certain cause for optimism as long as Thai lawmakers intend not to ban, but to regulate the technology. Nevertheless, any fears remain legitimate after Veerathai Santiprabhob, governor of the Central Bank of Thailand asked all banks in the …

0 39

An overarching theme for cryptocurrencies in 2018 has been developments in regulatory frameworks around the world. From South Korea, Russia, and the United States, governments and financial regulatory bodies have been hard at work creating new frameworks that will look to settle a continually turbulent cryptocurrency market as well as initial coin offerings (ICOs). In …

0 37

Late last year, when interest in Bitcoin and its price was at its peak, France’s finance minister suggested that there be a public debate of Bitcoin at the G20 summit which concluded this week. The conclusion of this meeting, in regards to where the nations now stand on cryptocurrencies, is that a firm July deadline …

0 43

A group of Russian deputies headed by Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, submitted a draft of federal law on cryptocurrencies and Initial Coin Offerings (ICO) regulations to the State Duma, as reported in an official press release March 20. According to the press release, the documents “On Digital Financial …

0 38

The US Federal Trade Commission (FTC) has created a Blockchain Working Group to identify and target fraudulent schemes which affect the FTC’s consumer protection and competition missions, according to a blog post published on the agency’s website March 16. According to FTC Acting Chief Technologist Neil Chilson, the internal Blockchain Working Group intends to combine …

0 38

Gibraltar has already attracted “200” prospective ICOs ahead of the planned launch of its Gibraltar Blockchain Exchange (GBX), an official announced March 20. Speaking to Financial Times, GBX chief executive Nick Cowan said that companies have shown huge interest in launching token sales under the British Overseas Territory’s band-new regulated ICO environment. “GBX has to …

0 40

President Donald Trump of the US has banned the Venezuelan government-backed cryptocurrency, the Petro, by executive order March 19, Bloomberg reports. The ban reportedly comes as part of a campaign to put pressure on the Venezuelan government of President Nicolas Maduro. By the order, US citizens are banned from engaging in transactions using the oil-indexed …

0 38

Yi Gang, who was “unexpectedly” appointed to serve as new governor of the People’s Bank of China (PBOC) on March 19, could soften the institution’s stance towards cryptocurrencies, given his previously reported positive views on Bitcoin (BTC). According to reports from Chinese media, Yi spoke about Bitcoin at the end of 2013, when he said …

0 40

The Hong Kong Securities and Futures Commission (SFC) has stopped Black Cell Technology’s Initial Coin Offering (ICO) on the grounds that the offering constituted an unregistered Collective Investment Scheme (CIS), according to a SFC website bulletin posted today, March 19. Black Cell must now refund Hong Kong investors of their investments in the token, which …

0 38

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please …

0 40

The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com. In terms of technological innovation, Israel has been labeled by some as “The Startup Nation” with Israeli ventures raising over $5 billion in capital in 2017. This is almost 10% of China’s yearly fundraising total. While there’s a …

0 41

French financial markets regulator AMF (l’Autorité des marchés financiers) is reportedly preparing to introduce legislation on Initial Coin Offerings (ICO) to encourage the development of the new type of fundraising in the country, reports local news outlet Les Echos March 15. The French Ministry for the Economy and Finance confirmed that the regulatory framework proposed …

0 37

The Luxembourg Financial Regulator CSSF issued a warning against investments in cryptocurrencies and ICOs (Initial Coin Offering), Cointelegraph auf Deutsch reported today, March 17.   In the official warning the authority notes that cryptocurrencies are not backed by any central bank, and warns against the volatility of virtual currencies, stressing that deals are often not …

0 45

For the first time the US Congress has dedicated an entire section to cryptocurrencies and Blockchain technology in its annual Joint Economic Report, published March 13. The 2018 Joint Economic Report contains analysis and recommendations for the coming year and dedicates an entire chapter to providing insight into the impact of cryptocurrencies and Blockchain on …

0 38

The US Securities and Exchanges Commission (SEC) Enforcement Division Co-Director Stephanie Avakian confirmed that the agency is conducting “dozens” of investigations in the cryptocurrency space, Bloomberg BNA reports March 15. Avakain’s comments follow press reports in late February that the SEC has sent subpoenas to  companies suspected of running afoul of securities laws via their …

0 43