Tag: regulation

California’s campaign watchdog arm, the Fair Political Practices Commission, ruled that candidates will not be allowed to receive donations for political campaigns with cryptocurrencies like bitcoin, the Associated Press reported on September 21, 2018. Cryptocurrency Donations a Threat to Political Transparency A new ruling from the state’s political watchdog says that candidates running for public offices in the state of…

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India is currently witnessing the mass movement of blockchain and cryptocurrency talent, as the regulatory environment toughens within the country. According to an article published by News18 on September 19, 2018, blockchain talent which includes developers, service providers, and blockchain-related companies are moving abroad to cryptocurrency-friendly countries like Thailand, Estonia, and Switzerland. Blockchain Destinations Attracting Indian Talent “There are talented…

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High-profile cryptocurrency companies and well-known technology entrepreneurs announced on September 11, 2018, that they will form a lobbying group in Washington called the Blockchain Association. According to the Washington Post, the Blockchain Association is designed to represent investors and entrepreneurs who are building and supporting blockchain technology. Coinbase, Circle, and PolyChain Capital The Association’s goal is to become the industry’s…

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Singaporean cryptocurrency exchange, KuCoin is set to enter the Australian waters as it looks to expand its operations down under. Per a report by The Australian Financial Review on September 9, 2018, KuCoin has made an investment of $3 million in the Aussie exchange Bitcoin Australia. Along with this, the two have entered into a joint venture to scale up…

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Belgium’s chief financial regulator, the Financial Services and Markets Authority (FSMA), has issued warnings about the spread of illegitimate crypto and blockchain platforms, adding 28 new websites to its blacklist on September 4, 2018. A Sea of Scammer Crypto Platforms As fraudulent cryptocurrency trading platforms continue to present problems for Belgian investors, the country’s financial regulator has issued several warnings…

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South Korean authorities are collaborating with the Walton Blockchain Research Institute to make 42 people proficient in Blockchain technology and get immediate employment in the country, as first reported by local news source Kinews on August 3, 2018. $100 Billion DLT Development Strategy According to sources close to the matter, key government parastatals in crypto-friendly South Korea including the Ministry…

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The world’s first university powered by blockchain could soon set up shop in Malta, and academics from some of the world’s best universities have already signed up according to an August 24, 2018, report from Medium. World’s First Blockchain-Powered University Woolf University, the brainchild of an Oxford research fellow Joshua Broggi, could become the first blockchain-powered university in the world….

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In an attempt to establish clarity about cryptocurrency and ICO regulations in the country, South Korea has called for an extraordinary National Assembly session to discuss the emerging crypto and blockchain industry. The meeting commenced on August 21, 2018, with an aim to develop a cohesive crypto and blockchain infrastructure in the country. Discussion on the proposal to make Jeju…

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Chinese instant messaging app and social media platform, WeChat has barred a vast array of cryptocurrency and distributed ledger technology (DLT) startups from the platform, according to a local news source Lanjinger on August 21, 2018. Blocked Crypto Accounts Per sources close to the matter, several WeChat accounts belonging to digital currency platforms in China have been shut down. Tencent,…

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Local crypto exchanges and blockchain-related non-profit associations have started to formally protest against the government of South Korea for its controversial decision to remove cryptocurrency businesses from its tax reduction bill. Why Are Crypto Businesses Eliminated from the Bill? Earlier this month, the government of South Korea released a proposal entitled “Venture Enterprise Bill,” a piece of regulatory framework intended…

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