Tag: Regulations

The cryptocurrency market has fallen by large margins after UPbit, South Korea’s biggest cryptocurrency exchange and formerly the world’s second-largest trading platform, was raided and investigated by local police on May 11, 2018. Raided, but Far from Finished Investors still expect the market to recover swiftly in the short-term as traders move their funds to other international and local exchanges….

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On May 6, 2018, the new pro-reform Governor of South Korea’s Financial Supervisory Service (FSS), Yoon Suk-heun has said that agency is considering relaxing some of the more stringent crypto regulations in the country. Adequate Regulations: A Panacea to the Crypto Market Suk-heun made this known in the aftermath of his confirmation as the new FSS Governor. Speaking to reporters,…

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One of the most talked about topics in the cryptocurrency sector are the controversial Initial Coin Offerings (ICOs). The concept has allured a lot of coverage, as multiple, unknown ICOs regularly raise hundreds of millions of dollars; a previously unheard of occurrence. However, a study shows a significant slowdown regarding money raised by the ICO platform with the funding in…

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Morgan Stanley, the investment giant, has published a report that examines the global cryptocurrency trading landscape. The report is part of the detailed research carried out by the company on the online exchange market of which has been in the midst of a resurgence since recent weeks. This revival comes after a difficult start to 2018 where regulatory crackdowns led…

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Education regarding fintech and blockchain startups is essential for facilitating the oft-mentioned “blockchain revolution.” To fuel this particular movement, David Burt, Premier and Minister of Finance of Bermuda, signed an MOU with Binance Group that will see the latter funding education programs related to the much-needed topic. Much Needed MOU The MOU was signed between Burt and Changpeng Zhou, Binance’s…

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VRBex Inc., a company founded by financial-services professionals in the U.S. that intends to operate a cryptocurrency exchange and security-token trading platform, has announced the launch of the company and an initial security token offering (ISTO) today for potential investors. The announcement was made by VRBex CEO, Gene Grant.  Grant and COO David Powell believe that token holders represent an interested and motivated…

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China declared total war on its local virtual currency environment by placing a blanket ban on initial coin offerings (ICOs) and cryptocurrencies such as bitcoin and other altcoins, late 2017. Now, the Chinese authorities have declared total victory, stating that all relevant businesses have indeed been crushed. A Close Watch on Fundraisers According to Reuters, major financial regulatory bodies in…

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Russia’s stance on bitcoin and cryptocurrencies, in general, remains very unclear. While the authoritarian nation has embraced the gospel of distributed ledger technology (DLT) wholeheartedly, the story is not the same for the monetary applications that rest on top of blockchain protocols. Bitcoin not Legal Tender It all began in 2016 when bitcoin became a forbidden fruit in Russia. As…

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After China implemented a blanket ban on cryptocurrencies in 2017, Singapore and Hong Kong have emerged as the leading business-friendly destinations for East Asian crypto companies aiming to raise funds via Initial Coin Offerings (ICOs). Singapore Becoming a ‘Hub’ For Crypto Businesses Anson Zeall, chairman of Association of Cryptocurrency Enterprises and Startups in Singapore, informs that while it may be…

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In recent times bad actors have taken advantage of the largely unregulated nature of the entire digital currency industry to lance their scam. Amidst this backdrop, the United States Securities and Exchange Commission (SEC) has not been taking these attempts lightly. However, some heavy-hitting VC firms in Silicon Valley have urged the regulatory watchdog to soften its harsh grip on…

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