#Regulation

Uzbekistan to Legalize Cryptocurrencies: Tax-Free Operations, Invest in Blockchain Technology

July 7, 2018 by contributor at Altcoins, Bitcoin, Blockchain, News, Regulation, Tech

The landlocked Central Asian nation of Uzbekistan issued an official resolution on July 3, 2017, pertaining to the development of cryptocurrencies, mining, and blockchain technology. Significant takeaways include legalizing digital assets and launching a state-backed mining endeavor. Uzbekistan’s Cryptocurrency Push Titled "On Measures for the Development of the Digital Economy...

UK Legislator Calls for Appointment of a Chief Blockchain Officer

July 7, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, News, Regulation, Tech

Recognizing the inherent potentials of distributed ledger technology (DLT), Eddie Hughes, a UK legislator and member of the Conservative Party, has called for the establishment of an office of the chief blockchain administrator, citing it as good leverage for accelerating the mode of governance. The Need for Transparent Governance Per...

Thailand SEC: Cryptocurrency and ICO Regulation Takes Effect from July 2018

July 6, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Bitcoin, Business, Development, News, Regulation

For several months, the Thai government has been hard at work formulating amenable laws for its cryptospace. In what seems like a flawless victory for cryptocurrency investors in the country, authorities have now officially confirmed that the previously stated ICO regulation takes effect on July 16, 2018. ICOs to be...

Canada Urges Caution as no Cryptocurrency Exchange Guarantees User Security

British Columbia Claims $1.4 million in Bitcoin From Marijuana Dealer

July 6, 2018 by Cindy Huynh at Bitcoin, Crime, News, Regulation

Canada’s British Columbia government is laying claim to $1.4 million in bitcoin from a mail-order marijuana dealer it managed to seize many years ago. Cryptocurrency Claim Gives Legitimacy to Industry The Government claimed that the mail-order marijuana dealer was a vendor on the notorious Silk Road website. According to The...

Viber to Launch Cryptocurrency in 2019, Slated to Reach over 100 Million Russian Citizens

July 6, 2018 by contributor at Altcoins, Business, News, Regulation, Tech

Viber, the Luxembourg-based messaging and video call app with over 100 million users in Russia alone, has announced its intentions to launch a native cryptocurrency in 2019. Viber Studying Russian Law Local news outlet Tass reported the development on July 3, 2018. Rakuten, a Japanese e-commerce business conglomerate, and early-stage...

Russia to Allow Cryptocurrencies Trading on Stock and Commodity exchanges

Italian Law Enforcement Seizes all Bitcoin Holdings of Previously Hacked Exchange BitGrail

July 6, 2018 by John Iadeluca at Bitcoin, Finance, News, Regulation

The Italy-based exchange BitGrail has halted all trading activities and defaulted the site as being “under maintenance” after it’s core team confirmed Italian law enforcement had seized all bitcoin in the companies accounts. This comes months after approximately $170 million worth of the cryptocurrency NANO was hacked and stolen from...

SEC Settlement: Illegal Cryptocurrency Stock Sellers Dictated to Return Ill-Gotten Profits

SEC Settlement: Illegal Cryptocurrency Stock Sellers to Return Ill-Gotten Profits

July 6, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Crime, News, Regulation

A lawyer and his firm's business affairs manager in the state of Nevada have reached an agreement with the Security and Exchange Commision (SEC) to settle their ongoing illegal stock sale case. Attorney T.J. Jesky and his right-hand man Mark F. DeStefano were named in a lawsuit by the SEC,...

Chinese Courts Rule that Blockchain Based Evidence is Admissible for the First Time Shaurya Zach Thursday yes news archive done

China: Courts Regard Blockchain as Credible Evidence in Cases

July 5, 2018 by Crypto Advocate at Altcoins, Bitcoin, Blockchain, News, Regulation

As the societal applications of blockchain technology continue to grow, the world is now seeing the once conservative field of law being infiltrated with this innovative technology. Infiltrated may not be the proper term as the Internet Court of Hangzhou in China ruled blockchain-derived evidence is now admissible in Chinese...

No, Xiaomi Did not Sell its Shares for Cryptocurrency

July 5, 2018 by contributor at Finance, News, Regulation

Cryptocurrency company, Blackmoon, is reportedly offering tokenized shares of Xiaomi, the world’s fourth-largest smartphone manufacturer, to investors as the latter offers an Initial Public Offering (IPO) on the Hong Kong Stock Exchange (HKEX). Xiaomi’s Tokenized Shares Blackmoon, a Cyprus-based crypto company, sells its tokens to investors and aims to use...

Bank of Korea to Establish Digital Asset Task Force

South Korea Launches Investigation into Crypto Exchanges’ Management of Personal Data

July 4, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, News, Regulation

With the endless cases of hacks and all forms of wrongdoing in the South Korean crypto space, it appears authorities are now ready to put a permanent end to the activities of bad actors within its digital currency industry. After imposing stringent Anti-Money Laundering (AML) and Know-your-Customer (KYC) laws, regulators...

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