#Regulation

South Korea Mulls Over Reversing Ban on ICOs

October 12, 2018 by contributor at Altcoins, Business, News, Platform, Regulation, Tech

South Korean legislators are planning to chase the road to clear their stance on Initial Coin Offerings (ICO) in November this year. Despite the government’s on-again-off-again relationship with cryptocurrencies, a National Assembly committee has mooted to revamp the cryptocurrency policies in the country on October 10, 2018. South Korea: Bringing...

Dukascopy Swiss-Based Forex Bank Launches Ether CFDs

October 11, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, Investment, News, Regulation

Swiss-based forex broker and crypto-friendly bank, Dukascopy have announced the launch of its Ether contracts for differences (CFDs) after successfully adding Bitcoin CFDs to its product offerings earlier in the year, according to a Finance Magnates report on October 9, 2018. Dukascopy Bank Joins Crypto Bandwagon Per sources close to...

IMF Report States Cryptocurrencies Present a “Vulnerability” to Global Finance Markets

October 10, 2018 by contributor at Adoption, Altcoins, Bitcoin, Finance, News, Regulation

A warning statement from the International Monetary Fund (IMF) ascertains the "rapid growth" of Bitcoin and other cryptocurrencies could create "new vulnerabilities” in the globe’s financial markets, as published in the IMF’s World Economic Outlook report on October 9, 2018. IMF Warns Investors The paper pointed out cryptocurrencies, such as...

Australian Bank Completes Blockchain-Based Logistics Trial to Send Almond Shipment to Germany

AUSTRAC Investigates Cryptocurrency Exchanges

October 10, 2018 by Cindy Huynh at Altcoins, Bitcoin, Exchange, Finance, News, Regulation

Australia’s financial regulator, the Australian Transactions Reports and Analysis Centre (AUSTRAC), is tightening up surveillance on cryptocurrency exchanges as sophisticated criminals leverage digital currencies to send money internationally. According to the ABC Radio Program broadcast on October 9, 2018, cryptocurrency exchanges in Australia are being investigated since global risks concerning...

Switzerland Stock Exchange Chairman: Creating a National Cryptocurrency will Boost the Economy

Crypto Fund AG Earns Asset Manager License from FINMA

October 9, 2018 by Pratik Makadiya at Adoption, Business, Finance, Investment, News, Regulation

Crypto Fund AG, a subsidiary of Crypto Finance AG, has become Switzerland's first firm to be issued an asset manager license by the country’s financial regulator Swiss Financial Market Supervisory Authority (FINMA).. FINMA Awards First License to a Crypto Firm With the new approval, Crypto Fund AG will enjoy the...

Report: China to Introduce Blockchain Standards in 2019

October 9, 2018 by contributor at Blockchain, Development, News, Regulation

A Chinese government-owned organization is developing three “blockchain standards” to govern privacy, deposits, and smart contracts made possible through the technology. The move is said to “better guide” the burgeoning local industry, reported China Money Network on October 8, 2018. Augmenting the Local Industry Li Ming, official and director of...

UAE Commodities Authority Approves ICOs in a Bid to Revamp Capital Markets

October 9, 2018 by Priyeshu Garg at Altcoins, ICO/IEO, News, Regulation

The United Arab Emirates (UAE) is joining the league of countries that have embraced Initial Coin Offerings (ICOs) as a way of raising capital according to a report by Reuters on October 8, 2018. The planned listing of ICOs in 2019 comes after the Emirates Securities & Commodities Authority categorized...

Australia Keen to Pass Bill to Undermine the Blockchain Community

October 8, 2018 by Cindy Huynh at Blockchain, Business, News, Regulation

The Australian government has proposed an “Assistance and Access” bill that will provide them with greater surveillance powers such as the ability to gain backdoor access to any encrypted messages. According to Forbes, if the surveillance bill becomes a law, it could be a new standard for other countries in...

Ripple Bolsters Strategy Team; Bags Blockchain Association Membership

Ripple Co-founder Chris Larsen Becomes 383rd Richest Person in the World on Forbes Ranking

October 8, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Investment, News, Regulation

Ripple co-founder Chris Larsen has made a crypto milestone as the first ever billionaire with a fortune gathered exclusively from cryptocurrency-related activity to enter the Forbes 400 list. According to an October 4, 2018 report in Business Insider, Larsen was ranked by Forbes at number 383 on the list with...

Under-Regulated Cryptocurrency Era to Come to an End Soon as Regulators Speeden Crypto-Legislation

October 7, 2018 by Cindy Huynh at Bitcoin, Blockchain, Business, News, Regulation, Tech

Although the cryptocurrency industry currently lacks robust regulations, this will quickly change as the industry matures over time. According to an Asia Times article published on October 4, 2018, regulations surrounding cryptocurrencies will grow at a significantly fast rate as regulators attempt to place old frameworks on new and emerging technologies....

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