#Regulation

EU’s Fifth Anti-Money Laundering Directive Enters into Force

July 13, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

Strengthened EU rules to prevent money laundering and fight terrorism financing entered into force on July 9, 2018. What is this Directive exactly? The rules, gathered under the title the "Fifth Anti-Money Laundering Directive," were first published in the EU's Official Journal. The new regulations aim to bring more transparency...

Dr. Doom: Bitcoin Will Be Worth $100 in Ten Years Time

July 12, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Commentary, News, Regulation

Even with the recent bitcoin price slump, crypto doomsday predictors such as Nouriel Roubini and his colleagues are determined to make sure the entire digital currency markets never moon again. In the latest development, more renowned economists have argued that governments' harsh regulatory policies on cryptos would make bitcoin and...

Bithumb Global Plans to Lobby Indian Government for a Regulated Cryptocurrency Exchange

Indian Regulators May “Unban” Cryptocurrency Trading Soon

July 12, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Blockchain, News, Regulation

The Reserve Bank of India’s (RBI) harsh stance towards the local digital currency space may not last forever. If the latest report coming from reliable sources at the finance ministry is anything to go by, authorities are on the verge of regulating blockchain-based virtual currencies as commodities, a move that...

Chinese Yuan’s Usage in Bitcoin Transactions Falls Dramatically After Regulatory Crackdown

July 12, 2018 by Priyeshu Garg at Bitcoin, News, Regulation

A report from the Chinese news agency, Xinhua, has revealed that the Chinese Yuan’s share of bitcoin transactions has fallen dramatically following the Chinese government’s decision to impose a series of bans and restrictions on cryptocurrency trading and ICO fundraising in the world’s second largest economy. Crypto Trading Shutdown in...

Founder of PlexCoin ICO Finally Transfers 420 Bitcoins to a Quebec Court

July 11, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Crime, News, Regulation

Back in September 2017, when the cybersecurity arm of the United States Securities and Exchange Commission (SEC) was established to checkmate crypto-related crimes, PlexCorps, the parent company of PlexCoin ICO and its founder, Dominic Lacroix was among the first illegal virtual currency projects to be shuttered by the watchdog. In...

Bank Melli Iran Confirms Blockchain and Cryptocurrency Investments

July 10, 2018 by John Iadeluca at Adoption, Blockchain, News, Regulation, Tech

Iran has maintained its optimistic stance on blockchain technology and cryptocurrency. In an announcement in July 2018, through its recent report that its commercial banking sector affiliate "SIC," the country announced it would lead a new research sector focused on the "fourth industrial revolution," compromising of technologies such as artificial intelligence,...

Crypto-Friendly Philippines Central Bank Approve two Cryptocurrency Exchanges

July 10, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Exchange, Finance, News, Regulation

Acknowledging the potential of digital currencies to drive accelerated and cost-effective transactions, Bangko Sentral ng Pilipinas (BSP), the Central Bank of the Philippines, has approved two new cryptocurrency exchanges, according to a Business World report. Getting the Green Light The BSP Deputy Governor Chuchi Fonacier indicated that the exchanges Virtual...

Investors Hoard RAM on EOS blockchain, Push Prices Up for Other Developers

July 9, 2018 by Rahul Nambiampurath at Altcoins, Business, Development, News, Regulation

Speculative investing has resulted in a significant increase in RAM prices on the EOS blockchain. Developers need to purchase RAM according to the requirement of their smart contract. However, investors have bought RAM and created an acute shortage of resources for developers. The cost of 1 MB RAM on the...

Leading Telecoms Firm Accelerating Blockchain Adoption in Europe

Introducing Remote Fintech Licensing- Lithuania Strives to Beat its Own Record

July 9, 2018 by Crypto Advocate at Blockchain, Business, Finance, News, Regulation

Whenever a company brings something innovative to an industry, that company is likely to be successful given that the innovative something works well. As such, Lithuania plans to set creative Fintech standards that will hopefully be adopted across the globe. Number one in the EU As countries continuously try to...

Kenyan Authorities May Legalize Bitcoin Shortly

July 9, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Finance, News, Regulation

Citizens of various African nations have embraced bitcoin and other cryptocurrencies, despite constant warnings from the government. Now, Kenya’s House of Parliament has mandated the nation’s treasury secretary, Henry Rotich, to draft regulations that would either legalize digital assets or ban them entirely in Kenya. The Bitcoin Hotseat According to...

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