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Category: Regulation

Could Brexit Force Further Fintech and Cryptocurrency Innovation in the UK?

Category: Altcoins, Bitcoin, Business, News, Regulation

Could Brexit Force Further Fintech and Cryptocurrency Innovation in the UK?

The United Kingdom has relied on its financial services industry to drive economic growth for decades. However, in light of the British population’s vote to leave the European Union and, thereby, potentially lose the access to the European Single Market, the UK’s status as Europe’s leading financial hub may wane. Is this for better or for worse regarding the crypto...

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India is Potentially a Massive Market For Bitcoin If Legalized

Category: Bitcoin, News, Regulation

India is Potentially a Massive Market For Bitcoin If Legalized

After years of operating without clear regulatory frameworks, self-regulated bitcoin exchanges and businesses will most likely be introduced to a new set of regulations and policies by the Indian government in the next few months. Ever since the launch of Bitcoin in 2009, analysts and experts have stated that largely unbanked countries such as India present a potentially massive market...

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GAW Miners' Josh Garza Pleads Guilty to Fraud, Settles a Deal

Category: Bitcoin, Commentary, News, Regulation

GAW Miners' Josh Garza Pleads Guilty to Fraud, Settles a Deal

At last, Josh Garza, the founder of the PayCoin Ponzi scheme and CEO of GAW Miners pleaded guilty to wire fraud following an official complaint by the SEC filed in 2015. The US Department of Justice’s letter read: “We are currently negotiating an agreement with defendant Homero Joshua Garza to enter a plea of guilty to one count of wire...

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Why Europe and China are Ahead of US in Blockchain Development

Category: Blockchain, Business, Commentary, Regulation

Why Europe and China are Ahead of US in Blockchain Development

The US is falling behind China and Europe in blockchain development primarily due to the lack of regulatory frameworks. With a practical approach toward blockchain regulation, countries in Europe, as well as China, Hong Kong, and Singapore are demonstrating greater progress in blockchain implementation. According to a blockchain startup tracker developed by Outlier Ventures, the vast majority of startups in...

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Russia Follows Japan, May Legalize Bitcoin in 2018

Category: Altcoins, Bitcoin, News, Regulation

Russia Follows Japan, May Legalize Bitcoin in 2018

Russia looks to move to legalize cryptocurrencies by 2018 according to a report by Bloomberg. The article frames the acceptance of bitcoin as a way to clamp down on money laundering but could be a way for Russia to escape from a punitive financial system over the long run. This move comes amidst close ally Iran dumping the US Dollar...

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Japanese Retailers Rushing to Adopt Bitcoin as Payment Method

Category: Bitcoin, Business, News, Regulation

Japanese Retailers Rushing to Adopt Bitcoin as Payment Method

Bitcoin is becoming big in Japan. After Japan’s lawmakers have officially turned bitcoin into a legal payment method and have made the digital currency sales tax exempt, the price of bitcoin has rallied, and the demand for the cryptocurrency has surged in Asia’s second-largest economy. That, of course, has not gone unnoticed by Japanese retailers who are now rushing to...

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Japan Officially Recognizes Bitcoin as Legal Payment Method

Category: Altcoins, Bitcoin, News, Regulation

Japan Officially Recognizes Bitcoin as Legal Payment Method

The bitcoin legalization bill is taken into full effect as of April 1, with Japan officially recognizing bitcoin as a legal payment method. On December 17, local publications including the Japan Times revealed that the country’s Financial System Council proposed a bill which called for the recognition of bitcoin as a legal payment method and requires bitcoin exchanges to register...

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Has Bitcoin Become Illegal in India?

Category: Bitcoin, News, Regulation

Has Bitcoin Become Illegal in India?

Is India on the brink of becoming the next China? Did the central bank make bitcoin illegal? Or legal? Or both? A newspaper reports that bitcoin has become illegal in India, but an Indian exchange denies this. A committee shall decide who is right. According to the Economic Times of India the Indian central bank, the Reserve Bank of India...

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US Health Regulators to Work on Securing Health Records on the Blockchain

Category: Blockchain, News, Regulation, Tech

US Health Regulators to Work on Securing Health Records on the Blockchain

US regulators and government agencies have been eyeing blockchain technology to build robust and transparent data processing platforms for various industries since 2015. The country’s Health and Human Services Department (HHS) plans to be the first government agency to implement the blockchain to secure health records. Earlier in 2017, executives from the healthcare industry predicted the debut of the blockchain...

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Bats Signs Objection Against the SEC's Bitcoin ETF Decision

Category: Bitcoin, News, Regulation

Bats Signs Objection Against the SEC's Bitcoin ETF Decision

The Securities and Exchange Commission Agency (SEC) turned down a proposal to allow the creation of an exchange-traded fund for bitcoin earlier in March, however, on March 23, the Bats BZX exchange announced it would appeal the decision. The bitcoin price was increasing steadily until the Agency decision made it go crashing down. It seems that the agency turned down...

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