Tag: cryptocurrency regulation

Lim Guan Eng, Malaysia’s Finance Minister said the country’s Securities Commission (SC) would regulate the cryptocurrency market as securities starting from January 15, 2019, following the “Capital Markets and Services” order that was created earlier on, Bernama reports on January 14, 2019. With Haste Based on reports, Lim Guan Eng, the country’s Finance Minister made a statement on January 14…

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Thailand’s Securities and Exchange Commission (SEC) has approved four digital asset business licenses to companies looking to operate in the crypto industry, the Commission announced on their website on January 8, 2019. Thai SEC Approves Licences For Four Crypto Exchanges The kingdom of Thailand has officially approved operating licenses to four cryptocurrency companies, in what is widely regarded as a…

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Exactly a year after Thane security operatives crushed a scam cryptocurrency project worth five billion rupees, Delhi police have reportedly arrested another associate of the head of the scheme according to local media, The Indian Express on January 7, 2018. Scam ICO Busted Per sources close to the matter, Amit Lakhanpal, a 32-year-old Indian resident launched a fraudulent cryptocurrency project…

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On February 6, 2018, the Senate created a forum to discuss cryptocurrencies in a meeting titled, “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.” This meeting had been long anticipated by the community, with many speculating that this session could be a “make or break” moment for the cryptocurrency…

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Joachim Wuermeling, a member of the board of Bundesbank, Germany’s central bank, says only global regulations will be useful in controlling cryptocurrencies. His January 2018 statement comes on the heels of the introduction of increased EU regulations on digital currencies in December 2017. Controlling a Borderless Economy “Effective regulation of virtual currencies would therefore only be achievable through the greatest…

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The United States, through its Treasury Secretary Steve Mnuchin, has declared that they are closely watching the digital currency ecosystem and could turn the US dollar into a cryptocurrency in the distant future. Crypto Dollar According to Express, Steve Mnuchin has said that in line with the recent popularity of bitcoin, the Treasury had made proposals of converting the US…

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The government of Switzerland is reportedly working towards laying down regulations for the blockchain and Initial Coin Offering (ICO) industry. Spearheading the movement is Taskforce Blockchain, a group led by the country’s Finance and Economic and Education ministers, Ueli Maurer and Johann Schneider-Ammann. The team also includes federal, local legal representatives and key members of the Swiss blockchain startup ecosystem….

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Russian President Vladimir Putin has declared his intentions to enact laws that will comprehensively regulate the cryptocurrency markets very soon. Crypto Legislation on the Cards The no-nonsense Russian president Vladimir Putin has made it clear that his regime is not ready for half-baked crypto regulations going forward. Putin is of the opinion that the complete management of the Bitcoin and…

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According to a series of orders translated by Motherboard, Russian President Vladimir Putin has tasked the Russian government to introduce regulatory frameworks around bitcoin and cryptocurrencies by mid-2018. Specifically, Putin requested the impose a licensing program for cryptocurrency miners, requiring them to register with the government within the next 12 months. Purpose of Mining Regulations: Taxing Miners Most major bitcoin…

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