#Regulation

Bitcoin Miners Drag Israeli Union Bank to Court for Denial of Banking Service

May 8, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, Mining, News, Regulation

Despite the somewhat unfriendly nature of the Israeli crypto space, digital currency-related firms have refused to leave the state to more welcoming regions. Now, the sixth largest bank in Israel has been sued by a local cryptocurrency mining firm, Israminers Ltd for denial of banking service. Let the Courts Decide...

President Nicolas Maduro Set to Create Youth Bank Funded by Petro Cryptocurrency

May 8, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Finance, Mining, News, Regulation

The Petro flame seems to be burning ever brighter despite the condemnations and criticisms that the Venezuelan national cryptocurrency has faced both locally and internationally since its arrival in February 2018. On May 3, 2018, the nation’s president has revealed that Venezuela is on the verge of establishing a youth...

Japan’s TFX Takes Cue From OBOE; To Offer Bitcoin Futures In Early 2018

Japan’s FSA Sets New Crypto Regulatory Paradigm

May 8, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Ethereum, Finance, News, Regulation

The Financial Services Agency (FSA) has announced a new regulatory paradigm that will govern its oversight of the cryptocurrency exchange platforms in the country. Local media sources report that the FSA is strengthening its statutory mandate in a bid to prevent the reoccurrence of another high-profile cryptocurrency exchange hack. A...

London Police to Sentence First Cryptocurrency Theft Arrest, Seizing $700,000 of Bitcoin

May 7, 2018 by Pratik Makadiya at Bitcoin, News, Regulation

The notorious hacker who amassed a small wealth stealing cryptocurrencies, Grant West, was arrested in 2017 by undercover agents. At the spot of arrest, security cameras revealed passengers cheering at the scene of the arrest of yet another little criminal. Finally, a real triumph in the digital age. Personal Data...

New Cryptocurrency Regulations to Benefit the South Korean People (Q1 2018)

A Big Relief? Korea to Relax Stringent Cryptocurrency Regulations

May 7, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Finance, News, Regulation

On May 6, 2018, the new pro-reform Governor of South Korea’s Financial Supervisory Service (FSS), Yoon Suk-heun has said that agency is considering relaxing some of the more stringent crypto regulations in the country. Adequate Regulations: A Panacea to the Crypto Market Suk-heun made this known in the aftermath of...

New European Privacy Laws Could Spell Doom for Blockchain Businesses

European GDPR Fear: P2P Cryptocurrency Exchange CoinTouch Shuts Down

May 7, 2018 by Priyeshu Garg at Bitcoin, Business, News, Regulation

CoinTouch has fallen foul of European legislation and been forced to close. Amid much debate in some quarters on whether General Data Protection Regulation (GDPR) legislation should apply in its current form to digital exchanges, CoinTouch has been forced to close its doors to traders due to GDPR concerns. Source:...

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

South Korea’s Central Bank May Soon Issue a Native Cryptocurrency

May 7, 2018 by contributor at Altcoins, Blockchain, Finance, News, Regulation

South Korea, arguably amongst the world’s most crypto-friendly nations, may soon see a central-bank issued cryptocurrency based on a May 3, 2018, report. South Korea Aiming to Become a Cashless Society According to The Korea Times, The Bank of Korea (BoK) is conducting a study in the field of digital...

CFTC Chairman to Senators on Bitcoin: “We owe it to this new generation to respect their interest”

Two U.S Giant Financial Regulatory Watchdogs Join Forces to Fight Crypto-Related Fraud

May 7, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Officials of the United States Securities and Exchange Commission (SEC) and that of the Commodity Futures Trading Commission (CFTC) have pledged to collaborate more in the fight against bad actors in the U.S cryptocurrency, blockchain ecosystem and the nation’s finance sector. The Need for Collaboration Unlike most nations that have...

Norwegian Court Rules Against Bitcoin Exchange Bitmynt AS

May 7, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Finance, News, Regulation

A Norwegian bitcoin exchange Bitmynt AS has lost a lawsuit that was filed in 2017 against Nordea Bank AB. The lawsuit was filed by Bitmynt AS founder Sturle Sunde shortly after the bank suspended its account citing nefarious use in April 2018. The Verdict Judge Elisabeth Jordan Ramstad of Oslo...

Authority man findin a cryptocurrency mining machine

Chelan County Introduces Security Measures after Mining Ban Sparks Agitation

May 7, 2018 by contributor at Altcoins, Bitcoin, Mining, News, Regulation

The cryptocurrency world has been peaceful for the most part, with isolated cases of aggression observed only during instances of an exit-scam or downright fraud. However, in Washington State’s Chelan County, locals and cryptocurrency miners are in the midst of agitated clashes following a mining ban, causing local police to...

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