#Regulation

Tezos Foundation Introduces KYC/AML Policy amid Community Backlash

June 18, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, News, Regulation

Tezos Foundation announced the introduction of Know Your Customer/Anti-Money Laundering (KYC/AML) checks for its contributors, drawing a backlash from its followers on social media. The new policy "requires contributors to its fundraiser to complete this KYC/AML process to access their recommended allocations in its proposed genesis block.” Added identity verification...

Missoula County Commission Delays Ban on Cryptocurrency Mining

June 18, 2018 by Cindy Huynh at Altcoins, Bitcoin, Finance, Mining, News, Regulation, Tech

The Missoula County Commission on June 14, 2018, decided to postpone and the one-year ban imposed on cryptocurrency mining activities. Residents Express Frustration over Cryptocurrency Mining Farms Despite an intensive two hours of discussion, presentations, and public comments concerning Bitcoin mining operations in Bonner, the public was fairly split when...

Cryptocurrency Exchange itBit Gets NYDFS Approval to List Ethereum and Three other Altcoins

June 17, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News, Regulation

The first New York-based cryptocurrency exchange to be granted the BitLicense, itBit has been approved by the New York Department of Financial Services (NYDFS) to start trading Stellar Lumens (XLM), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Expanding the Cryptochain On June 14, 2018, the itBit team has announced...

CIA Keeps Mum on Rumors of it Knowing the Real Identity of Satoshi Nakamoto

June 17, 2018 by Priyeshu Garg at Bitcoin, Commentary, News, Regulation

The United States Central Intelligence Agency (CIA) has stated that it is not willing to confirm or deny rumors alleging that it knows the true identity of the elusive Bitcoin founder Satoshi Nakamoto. The Search for Satoshi The statement was made in response to a Freedom of Information Act (FOIA)...

Washington D.C. Emerges as the “Most Crypto-Friendly” City in the US

US Congress Set to Launch Study into the Use of Cryptocurrency for Sex Trafficking

June 17, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, News, Regulation, Tech

While Bitcoin and cryptocurrencies are regarded as forward-thinking innovations by many, bad actors, have found various illicit uses for virtual currencies, such as money laundering and drug and sex trafficking, giving critics a reason to call out the sector. Sanitizing the Cryptocurrency Sector On June 11, 2018, U.S Congressman Juan...

Israeli Social Media Business Wants to Pay Employees in Bitcoin

June 17, 2018 by contributor at Bitcoin, Business, Finance, News, Regulation

Israel’s booming technology sector is experiencing a talent shortage, with firms introducing new perks and lucrative benefits to attract skills employees. One such firm is offering a digital currency incentive. Firm Propagates Bitcoin Adoption According to a report on local news Calcalist on June 12, 2018, social network company Spot.IM...

South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

South Korea May Launch Dedicated Cryptocurrency Zone for Companies

June 17, 2018 by contributor at Blockchain, Business, Finance, News, Regulation, Tech

After technology parks and silicon valleys, major cities around the world are building dedicated cryptocurrency and blockchain technology zones to propel the sector’s development. The latest to join the fray is South Korea. South Korea’s Blockchain Push According to a report in local news Edaily from June 14, 2018, South...

Thailand on the Verge of Becoming a Cryptocurrency Hotbed

June 16, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Following the Royal Decree by Thailand’s regulatory authorities on May 14, 2018, that cryptocurrencies are formerly digital assets, the Asian nation is set to take its local blockchain-based digital currency industry to the next level by showing five Initial Coin Offering (ICO) projects the green light to operate in the...

India Admits to not Conducting Due Research before Placing Cryptocurrency Ban

June 16, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News, Regulation

A reply by the Reserve Bank of India (RBI) to a New Delhi-based advocate’s Right To Information (RTI) application revealed the bank did not research before placing a blanket ban on dealing with digital currency businesses in the country. RBI’s Epistemic Crisis The Economic Times reported the development on June...

Buda Takes On Colombian Banks and Government

Cryptocurrency Exchange Buda Slams Colombian Banks after Account Closure

June 15, 2018 by Priyeshu Garg at Bitcoin, Blockchain, News, Regulation, Tech

Popular South American cryptocurrency exchange Buda criticized actions undertaken by Colombian banks leading to the sudden closure of its bank accounts without notice. Government Blocks What It Doesn’t Understand The event took place after three Colombian banks closed the accounts belonging to Chilean cryptocurrency platform Buda. The actions undertaken by...

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