Tag: Regulations

Crypto Garage, a subsidiary of the Japanese IT company Digital Garage, Inc, announced on January 21, 2019, that it would test issuance of JPY stablecoins on their SETTLENET platform. The Stablecoin Euphoria Expands to Japan The blockchain fintech company will pilot a delivery versus payment settlement service between JPY tokens and digital assets in a project fully authorized under the…

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Authorities in the Netherlands want to force cryptocurrency exchanges and crypto service providers to obtain licenses that would ban anonymous cryptocurrency trading, local news outlet Nederlandse Omroep Stichting (NOS) reported on January 18, 2019. Licensing for Crypto Businesses Introduced in Holland Anonymous trading of crypto assets has long been a thorn in the eye for the authorities in the European…

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The price of bitcoin remains firm, gaining two percent week-on-week, amid a mix of positive and negative news. The announcement by Bakkt that it has made its first acquisition shows that the institutional crypto trading venture is on track to become a serious player in the institutional digital asset trading market and has the potential to attract a wave of…

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Cryptocurrency is still an emerging industry and regulation is still trying to keep up. While there are few assertive regulatory frameworks in the world, crypto-related companies are often requested to provide information to law enforcement agencies. On January 18, 2019, ShapeShift came forth to reveal how it handles this matter. Providing Information to Law Enforcement Agencies ShapeShift, one of the…

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Cryptocurrency has come under serious scrutiny following incoming regulation and legislation. Despite this, however, things remain legally unclear for cryptocurrencies overall as well as token offerings and blockchain-issued assets in particular. While it would make sense to abide by the existing frameworks in reference to securities and issued assets, the problem in this approach is that with the ever-changing nature…

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Huobi Japan, the cryptocurrency exchange re-born as a result of a merger between BitTrade and Huobi Group, has now resumed operations as a wholly-regulated exchange by Japan’s Financial Services Agency (FSA), according to a press release on January 17, 2019. Huobi Japan Gets FSA Greencard As reported by BTCManager in September 2018, as part of Huobi Group’s strategy to help…

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Coinstar, a U.S.-based firm that creates kiosks where people can turn their coins into cash and no-fee gift cards, has joined forces with Coinme to allow users to buy bitcoin at its kiosks at select supermarkets in the United States, reported GeekWire on January 17, 2019. Coinstar Joins the Bitcoin Bandwagon Despite the ongoing cryptocurrency bloodbath, Bitcoin adoption has seen…

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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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The price of bitcoin jumped to surpass the $4,000 mark to kickstart the week early on Monday morning but dropped back down again to close the week five percent lower at around $3,650. Investors rejoiced to see bitcoin jump back above the important $4,000 mark but were quickly disappointed again when bitcoin dropped from this year’s high of $4,102 down…

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It was reported on January 14, 2019, that the Winklevoss Twins have called for better regulations to ensure the success of cryptocurrency. This is in line with their latest marketing campaign for their Gemini exchange with the tagline ‘revolution needs rules’ Bitcoin Can Still Come Out On Top, says Winklevoss Twins Wiklevoss Brothers (Source: Fortune ) The current crypto winter has…

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