#Regulations News

Wilsons Auctions to Conduct Ireland’s First Public Online Bitcoin Auction Sale

March 9, 2020 by Anthonia Isichei at Bitcoin

Wilsons Auctions, a leading auctions company in Ireland and the UK, announced plans to auction over $125,000 worth of seized bitcoin and other digital currencies. Although not the company’s first crypto auction sale, this is the first online public bitcoin auction in Ireland. $125,000 Worth of Bitcoin Auctioning in Ireland...

U.S.: Rep. Paul Gosar Introduces “Crypto-Currency Act of 2020”

March 9, 2020 by Aisshwarya Tiwari at Regulation

In the latest pro-crypto development in the U.S., on March 9, 2020, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020” which seeks to create a conducive environment for digital assets in the country. Crypto-Currency Act of 2020 Promises A Conducive Regulatory Framework Historically anti-crypto governments the world over...

Dubai to Launch Blockchain-based Marketplace for Travel and Tourism

UAE: Moody’s Rates Dubai’s KYC Blockchain Platform “Credit Positive”

February 26, 2020 by Aisshwarya Tiwari at Blockchain, Regulation

According to a report by The National published on February 26, 2020, a recently formed consortium of six banks and licensing authorities in the UAE has been declared “credit positive” for lenders in the country by Moody’s Investors Service. UAE Embracing Blockchain Heads-On Gulf countries, in particular, have emerged as...

New Jersey: Lawmaker Files Bill Requiring Crypto Firms to Obtain Business License

February 23, 2020 by Aisshwarya Tiwari at Regulation

According to a report by The Block published on February 21, 2020, a New Jersey-based lawmaker has proposed a new bill that seeks to make it mandatory for all crypto firms to obtain a business license to be able to conduct its business in the state. Bill to Regulate Crypto...

Blockchains Flying Across Indian Horizon

India: National Blockchain Policy Stakeholders Emphasize the Importance of DLT Regulations

January 28, 2020 by Aisshwarya Tiwari at Regulation

According to a report by The Economic Times published on January 28, 2020, India’s National Institute for Smart Governance (NSIG) – a public-private body promoted by the Central government and software industry lobbying group NASSCOM – has recommended that laws and regulations should cater to the functions performed by technologies...

China Targets OTC Trading Channels as Crypto Clampdown Rages On

November 28, 2019 by Ashwath Balakrishnan at Bitcoin

The Chinese government is taking its regulatory hammering one step further by closing down unofficial Weibo channels that facilitate OTC trading between retail investors. According to Bloomberg, many Chinese investors held their money on exchanges such as Binance, OKEx, and Bitsoda and stand to potentially lose their holdings depending on...

Huobi bitcoin put on ice United States Flag

Huobi Global Crypto Exchange to Freeze All U.S. Accounts on November 13

November 5, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Huobi Global, a leading cryptocurrency exchange with a presence in numerous jurisdictions across the globe, has announced plans to freeze the accounts of all United States users on November 13, 2019, due to regulatory uncertainties. U.S. traders are advised to withdraw their funds before that date, according to a blog...

Bitwage Hand Paying Bitcoin to Outstretched Arms

Cryptocurrency Exchanges Resort to Marketing Measures to Revive Falling Volume

September 25, 2019 by Ashwath Balakrishnan at Altcoins

Large cryptocurrency exchanges, including Binance and BitMex, have recently increased their referral fee in a bid to bring back customers and stage a revival in exchange volumes. According to sources from Bloomberg, exchange volumes have fallen by nearly 40 percent over the year, and exchanges are desperate to stage a...

Europe’s Five Largest Economies Form Anti-Libra Coalition

France Finance Minister Intends to Block Facebooks Libra Cryptocurrency in Europe

September 13, 2019 by Anthonia Isichei at Altcoins

The French Finance Minister has vehemently stated that Facebook’s cryptocurrency, Libra, would not be given a chance to develop on European soil. According to a report by RT on September 12, 2019, Facebook’s cryptocurrency is risky for the European market. Libra is a Threat to Sovereign Currencies Bruno Le Maire,...

Mike Pompeo Buttresses the need for Amenable Bitcoin Regulations

August 21, 2019 by Ogwu Osaemezu Emmanuel at Regulation

In an interview with CNBC’s Squawk Box on August 2019, United States Secretary of State Mike Pompeo has made it clear that the U.S. must regulate bitcoin and altcoins just like other digital payment systems and electronic financial transactions in the state, to make it harder for bad actors to...

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