#cryptocurrency regulation News

South Korea’s FSC Nominee Is Not a Cryptocurrency Enthusiast

August 26, 2021 by Anthonia Isichei at Regulation

Koh Seung-beom, the nominee for South Korea’s Financial Service Commission (FSC), said that he does not see cryptocurrencies as a financial asset. FSC Nominee Says Crypto Not a Financial Asset According to the Korean Times on Wednesday (August 25, 2021), Seung-beom made the statement while speaking with journalists. Seung-beom, who...

Vietnam: Prime Minister Instructs Central Bank to Pilot Crypto Implementation

July 5, 2021 by Aisshwarya Tiwari at Regulation

Vietnamese PM has called for greater cryptocurrency adoption in the country. Vietnam to Pilot Crypto Over Multiple Years According to a report by local news outlet Viet Nam News, Vietnam’s Prime Minister, Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to trial cryptocurrency implementation from 2021 until...

Wyoming Has a Bill to Exempt Blockchain Tokens from Securities and Money Transmission Laws

Wyoming Sets Pace in Shaping the U.S. Crypto Future

April 15, 2021 by Wayne Jones at Regulation

Wyoming is now adopting the LAO, a Limited liability autonomous organization. LAO bill believes that smart contracts managing LAOs need to have the ability to be modified, upgraded, or updated. Wyoming, the state in the United States, was the star to create the LLC, bringing about ease, ubiquity, and benefits...

Canada: Bitcoin Businesses Are Now Fully-Regulated, Listed as “Money Service” Entities

June 2, 2020 by Aisshwarya Tiwari at Bitcoin

Canada’s Bitcoin- and crypto-focused company owners can now rejoice. The country has regulated all digital asset businesses as of June 1, 2020, after a five-year-long negotiation with local Bitcoin players. Good for Bitcoin Ecosystem As per an amendment made to its financial framework, all Bitcoin businesses in Canada are now...

Vietnam’s Ministry of Finance Assembles Research Group to Study Cryptocurrency Policies

May 12, 2020 by Aisshwarya Tiwari at Regulation

The Vietnamese Ministry of Finance is set to assemble a research group to study and propose regulations and guidelines to manage cryptocurrencies and digital assets in the country, Vietnam+ reports May 11, 2020. Vietnam Mulls Establishing Crypto Regulations Vietnam’s Ministry of Finance is poised to introduce regulations for digital currencies...

Cryptocurrency and Blockchain Technology May Kick-Start Japan’s Economy

OKCoin Gets License to Operate Crypto Exchange in Japan

March 31, 2020 by Anthonia Isichei at Regulation

OKCoin Japan, a subsidiary of OK Group, has obtained a license from one of Japan’s regulatory authorities to operate a crypto exchange in the country. OKCoin Ready to Launch Crypto Exchange in Japan OKCoin announced the news of its license acquisition via a blog post on Medium on March 30,...

India: RBI Set to Challenge Supreme Court’s Crypto Verdict

March 6, 2020 by Ogwu Osaemezu Emmanuel at Regulation

India’s central bank, the Reserve Bank of India (RBI) is putting preparations in top gear to file a review petition in the Supreme Court against the court’s verdict in favor of cryptocurrency trading in the state, reports the Economic Times on March 6, 2020. RBI Not Giving Up As reported...

India: Supreme Court Quashes RBI’s Crypto Ban; Crypto Now Legal in India

March 4, 2020 by Aisshwarya Tiwari at Regulation

In a landmark ruling, India’s apex court – the Supreme Court of India – on March 4, 2020, ruled against the Reserve Bank of India’s (RBI) April 2018 diktat that prohibited banks from trading in virtual currencies such as Bitcoin (BTC). Supreme Court of India Quashes RBI’s Crypto Ban Two...

Bitwage Hand Paying Bitcoin to Outstretched Arms

Switzerland: Zermatt Town Now Accepts Tax Payments in Bitcoin

January 29, 2020 by Aisshwarya Tiwari at Regulation

According to January 29, 2020, announcement by major crypto financial services company Bitcoin Suisse, the Swiss city of Zermatt has now become the second city in Switzerland which allows taxpayers to pay their taxes in Bitcoin (BTC). Zermatt Now Accepts Taxes in Bitcoin Bitcoin continues to undergo a slow and...

Grayscale Bitcoin Trust Scores Reporting Company License from SEC

January 22, 2020 by Osato Avan-Nomayo at Regulation

Grayscale Bitcoin Trust (GBTC) has obtained approval from the U.S. Securities and Exchange Commission (SEC) to become a reporting company, thus registering the company’s shares with the Commission. World’s Largest Crypto Asset Manager Now SEC Reporting Coy Grayscale Investments, the parent company of GBTC announced the news of the SEC...

Bank of America Shuts Former PayPal Exec’s Bank Account and may have also Closed Justin Sun’s

November 18, 2019 by Anthonia Isichei at Bitcoin

Tron (TRX) CEO Justin Sun is the latest crypto executive to have his account terminated by a Wall Street Bank. Ex-PayPal executive Roelof Botha, also suffered a similar fate with commentators highlighting the need for greater crypto adoption amid financial censorship from mainstream actors. “Bitcoin Fixes This” Sun’s tweet was...

Indian Community Rejoices as Government Pulls Bill to Ban Crypto from Winter Parliament

November 15, 2019 by Ashwath Balakrishnan at Bitcoin

The Indian government released the list of bills they plan on presenting in the parliament's winter session, and to the surprise of the Indian cryptocurrency ecosystem, the bill to ban virtual currencies was not on the list. While this is good news for the domestic industry in the short term,...

Chinese State Media Organization Prints Bitcoin Overview Article

November 11, 2019 by Anthonia Isichei at Bitcoin

A Chinese media agency recently published a detailed article on Bitcoin on the front page of its newspaper on November 11, 2019. This development is in line with China’s latest positive stance towards cryptocurrency and blockchain technology. Some observers, however, believe that the new trend is a build-up to the...

U.K Financial Watchdog Increases Scrutiny on Cryptocurrency Exchanges

October 8, 2019 by Anthonia Isichei at Bitcoin

The Financial Conduct Authority (FCA), the U.K’s financial regulator, has increased its investigations on cryptocurrency exchanges operating in the country. According to a report by the Financial Times on October 6, 2019, the regulator is intent on fishing out fraudulent virtual currency exchanges. More Cryptocurrency Exchanges Come Under the FCA ...

Dutch man holding dutch paper with Bitcoin Ethereum and Ripple behind it checkbox

Dutch Financial Watchdog to Regulate Cryptocurrencies in Q1 2020

September 3, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

The Netherlands’ central bank, De Nederlandsche Bank (DNB), a member of the European System of Central Banks (ESCB), has announced plans to start regulating bitcoin-linked businesses from January 10, 2020, according to a Reuters report on September 3, 2019. Dutch Authorities to Regulate Cryptos Per sources close to the matter,...

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