Tag: regulation

According to a report by Bangkok Post published on January 17, 2019, the Stock Exchange of Thailand is seeking to apply for a digital asset operating license from the Thai Finance Ministry. The development sheds light on the exchange’s plan to launch an authorized digital asset exchange in 2019. Thai Stock Exchange Tinkers with the Idea of Cryptocurrency Exchange Thailand…

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BitGo Inc., a California-based blockchain security company has announced its partnership with Genesis Global Trading, a digital currency group company that offers clients over the counter (OTC) cryptocurrency trading to enable its customers to trade cryptoassets without having to move their funds out of cold storage or handling their private keys, according to a press release on January 16, 2019….

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The prediction made by Russian economist Vladislav Gink that Russia could start a crypto bull run by buying off billions of dollars lacked sufficient evidence and could be fake news, Finder reported on January 15, 2019. Kremlin’s Alleged Crypto Buyoff Sparks Media Frenzy A ray of hope pierced through the dark clouds of the crypto winter when a Russian economist…

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A report from The Indian Express, published on January 14, 2019, states that the Twitter handle of Cricket South Africa (CSA) fell victim to hackers who were selling fake bitcoin lottery tickets. However, the account has now been retrieved and all the erroneous Tweets deleted. Bitcoin Invades the Cricket Pitch On the night of January 13, 2019, the official Twitter…

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The South Korean Government recently conducted a security audit on 21 Cryptocurrency exchanges and according to a local news story published on January 10, 2019, only seven of them passed the audit. The audit took place between September and December 2018 and out of the 21 surveyed, Bithumb, Coinone, and Korbit, along with four others, made the grade. This means…

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The European Banking Authority (EBA)  has published the report of its assessment concerning the suitability and applicability of existing financial laws to cryptoassets. The body has made it clear that the European Union Commission needs to study the blockchain space extensively to enable it to formulate robust laws capable of governing the entire continent, according to a press release on…

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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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The price of bitcoin traded sideways in the first few days of 2019. The price fluctuated between $3,707 and $3,947 and closed the week effectively unchanged versus last week’s close. As expected, news flow over New Year’s was muted as the first week of January is still a holiday week for most businesses as investors seem to have taken a…

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Gemini Trust Co., a cryptocurrency exchange owned by the Winklevoss twins has released an ad campaign advocating for the regulation of the cryptospace to bridge the gap between the decentralized and traditional markets, The Wall Street Journal reports on January 4, 2018. Amenable Crypto Regulation Essential The U.S. based exchange popularly known as Gemini launched their marketing strategy on the…

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Distributed ledger technology (DLT) heavyweights IBM is reportedly working with Indian telecommunications firms to help them create blockchain solutions aimed at enhancing “mobile number portability” and “Do Not Call” registries, according to an Economic Times report on December 12, 2018. IBM Creating DLT Solution for India’s Telecoms Per sources close to the matter, IBM is collaborating with Indian telecommunications companies…

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