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#cryptocurrency regulation News
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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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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 ...
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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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Data Privacy Regulators Request More Information on Libra Cryptocurrency
August 7, 2019 by
Anthonia Isichei
at
Regulation
Data protection regulatory agencies from around the world have joined the growing list of those who wish to examine and investigate Facebook’s cryptocurrency project. According to a joint press release on August 6, 2019, the information provided by Facebook isn’t transparent enough and request that the company provide robust information...
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South Korea: Strict Cryptocurrency Regulations Might Scupper Blockchain Busan “Safe Habor”
August 7, 2019 by
Anthonia Isichei
at
Regulation
South Korea’s tough cryptocurrency regulations might hamper the city of Busan from successfully having a regulatory-free zone for blockchain and cryptocurrencies, according to a report by Korea ITTimes on August 6, 2019. Over time, crypto enthusiasts, experts, and lawmakers have called on the FSC to review its stringent crypto policies...
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New CFTC Chair Believes Blockchain Technology Holds Great Promise
August 5, 2019 by
Osato Avan-Nomayo
at
Regulation
The incoming head of U.S. Commodity Futures Trading Commission (CFTC) has highlighted the importance of blockchain as an emerging technology, reports Fox Business. With commentators taking issue with the patchwork of cryptocurrency regulations in the country, the new CFTC chief assures that his department will look into crafting laws that...
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