Posts in category

Bitcoin Regulation


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 …

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A major US government security figure recently stated that regulation of cryptocurrencies by Washington is not “close,” CNBC reports Feb. 16. In comments which echo those from various US regulatory circles this year, special assistant to the president and White House cybersecurity coordinator Rob Joyce told the Munich Security Conference Friday that plans were still …

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Japan’s Financial Services Agency (FSA) will conduct on-site inspections of 15 cryptocurrency exchanges that are currently awaiting registration in the aftermath of the Coincheck hack, the local news outlet The Japan Times wrote today, Feb. 16. Japan-based crypto exchange Coincheck was hacked on Jan. 26 and around $530 mln in altcoin NEM was stolen. As …

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Japan’s two cryptocurrency industry groups will reportedly merge to form a legally-sanctioned self-regulatory body following talks held Thursday, Feb. 15. The Japan Blockchain Association (JBA) and Japan Cryptocurrency Business Association (JCBA) should become a singular entity from April 1, mainstream media suggest. The move follows demands from regulators that only one body make legal decisions, …

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With Blockchain came Bitcoin, which spawned Ethereum, this led to a few other major coins either forking off or being born a new in the crypto space. As this ecosystem has grown, however, there has been a boom in more cryptocurrencies being created; the ICO boom. As more and more companies participate in ICO’s as …

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Citibank India is the latest major bank to ban its customers from using credit cards for purchasing cryptocurrencies, but it has taken the measure one step further by banning the use of debit cards for crypto purchases as well, Quartz India reports today, Feb. 14. Quartz India wrote today that it personally reviewed an email …

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The Dubai Multi Commodities Center (DMCC) has given a gold trading company in Dubai the first cryptocurrency trading license in the Middle East, and the company has responded by launching the “world’s first” cold storage vault for crypto, according to a press release on the DMCC’s site. Regal RA DMCC, the company that received the …

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The Canadian Securities Exchange (CSE) announced yesterday, Feb.13, that they will soon launch a securities clearing and settlement platform based on the Ethereum (ETH) Blockchain that lets companies raise capital with security tokens. According to the CSE announcement, companies using the Blockchain-based platform can issue Security Token Offerings (STO) to investors as a means to …

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South Korea’s government said its regulatory course on cryptocurrencies is aiming to “prevent any illegal acts or uncertainties” in fresh comments Wednesday, Feb. 14. Quoted by various media outlets, the country’s minister of the office for government policy coordination Hong Nam-ki released a statement in response to last month’s public petition against harsh regulation or …

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Seven of the largest cryptocurrency companies globally have joined forces to form CryptoUK,  a first of its kind trade association, whose goal is to self-regulate within the UK crypto industry, The Telegraph reported Tuesday, Feb. 13. CryptoUK is made up of global cryptocurrency trading platforms and services Coinbase, eToro, CryptoCompare, CEX.IO, BlockEx, CoinShares, and CommerceBlock, …

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South Korea is considering adopting an approval system for crypto exchanges based on New York’s BitLicense system, local news outlet BusinessKorea reports. BusinessKorea writes that it is unlikely any final decision will be made until after the June 2018 elections in the country. A government official spoke to them about the option as part of …

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Veerathai Santiprabhob, governor of the central Bank of Thailand, has asked all banks in Thailand to stay away from cryptocurrency, Reuters reported yesterday, Feb. 13. According to Reuters, the central bank released a circular Monday that bans banks in Thailand from investing and trading in crypto, as well as participating in and creating exchanges and …

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Russia’s Ministry of Communications and Mass Media (Minkomsvyaz) has published a document establishing the licensing rules for ICO projects, Forklog news outlet reported Monday, Feb. 12. Some of the key requirements presented to digital token issuers require nominal capital of about 100 mln rubles – approximately equal to $1.7 mln – and a license for …

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The European Supervisory Authorities (ESAs) has warned customers that cryptocurrencies are “highly risky” assets that show “clear signs of a pricing bubble” in a pan-European Union consumer warning released Monday, Feb. 12. The ESAs is made up of the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and …

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The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) is preparing a set of regulations for cryptocurrencies, Initial Coins Offerings (ICOs) and cryptocurrency exchanges, according to an official announcement published Sunday, Feb. 11. While developing the regulations, FSRA intends to cooperate with relevant qualified institutions and individuals involved in the cryptocurrency …

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International Monetary Fund (IMF) chief Christine Lagarde told CNNMoney yesterday, Feb.11, that regulation of cryptocurrencies is “inevitable” and necessary on an international level. When asked during an interview with CNNMoney emerging markets editor John Defterios, about the increasing popularity of crypto markets possibly being caused by a “starvation for high returns in the global markets,” …

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Gibraltar’s government and Gibraltar Financial Services Commission (GFSC) have announced that in the coming weeks they will develop a draft law that will regulate Initial Coin Offerings (ICOs) in the British overseas territory, Reuters reported Feb. 9. The draft law, aiming to regulate the promotion, sale and distribution of digital tokens on the territory of …

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In the corridors of Davos Cointelegraph has got a chance to catch up with Yobie Benjamin, co-founder and CTO Emeritus of Token.io with the background in mainstream banking (Citigroup). In five minutes, Benjamin shared his thoughts on regulation, huckster ICO’s and the potential of Blockchain. Cointelegraph: We are here with Yobie Benjamin. Could you introduce …

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The US Internal Revenue Service (IRS) has assembled a team of 10 investigators for international crime investigations as well as for finding tax evaders who use cryptocurrency, Bloomberg reports Thursday, Feb. 8. Chief of the IRS Criminal Investigation Division Don Fort said that the team will work with international criminal agencies to investigate unlicensed exchanges …

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Yves Mersch, Executive Board member of the European Central Bank (ECB), referred to cryptocurrencies as a risk of “contagion and contamination of the existing financial system” during an interview with 4 Technology on Feb. 8. Both the traditional and crypto markets fell sharply at the beginning of this week, prompting responses from shaken financial institutions …

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