Crypto Regulations

Cryptocurrency Regulations in India

Cryptocurrency has always remained a sore subject in any country’s regulation. Due to the lack of knowledge, cryptos are not receiving the intended growth scope. Some of the regions have fully regulated cryptocurrency laws, while some are on the verge of regulation. Moreover, there are even some regions where crypto is totally a banned subject....
Read More

Explore Cryptocurrency Regulation in South Korea

In recent years, South Korea has achieved a national-level information center. Even 92% of its population is using the internet and therefore is a world leader of internet users. Even South Korea is the world’s third-largest Bitcoin trade market. The market has great potential to attract investors. However, since 2017 the government of Korea has...
Read More

Cryptocurrency Regulations in the UK

The United Kingdom or the UK is one of the largest economies of the world. However, the financial control of the country over the world’s economy has decreased substantially. Still, the World knows this country for its cultural relevance, especially for new trend adoption. As per a survey conducted by a London-based law firm, 20%...
Read More

Cryptocurrency Regulation in China

Unlike cryptocurrency regulations in the USA, China region has a less crypto-friendly attitude towards cryptocurrency.  In this article, I’ll explain how China views its crypto regulations. In countries like the United States, cryptocurrency profits count as taxable income. The country recognizes cryptocurrency as a commodity or property. A lot of countries including China want to...
Read More

After Swiss, German President Enforces Regulations On Libra

The calendar turned a new leaf, yet Facebook proposed Libra cryptocurrency is not out of the scrutiny. Libra continues to receive negative responses, this time from German Central Bank’s President Jens Weidmann. The Bundesbank President “wants to slow down the Facebook proposed crypto through regulations” claims a local report. As per the report, Weidmann believes...
Read More

South Korea Plans to Amend Their Current Crypto Regulation

The South Korea Ministry of Economy and Finance confirmed that the Profits from individual virtual asset transactions are not a listed income. Furthermore, they are not taxable under the current tax law.  South Korean Government is keen to study the crypto regulation approaches of major countries of crypto taxation. An official of the ministry said...
Read More

“Libra, In This Form, Has Failed, Needs Rework” Swiss President

Swiss president has strong views of the Facebook developed cryptocurrency, Libra. Ueli Maurer, Switzerland’s finance minister, and outgoing president commented on the Libra calling it as a Failed Project. According to him, “I don’t think (It has a chance in its current form), because central banks will not accept the basket of currencies underpinning it.”...
Read More

Strict EU Crypto Regulations Will Take Effect In January 2020

Strict EU crypto regulations will be enforced in January 2020 as the crypto companies and services that are based in the European Union have less than 30 days to adjust their business operations to comply with the new rules as reported in the previous crypto news. As of January 10th, the fifth Anti-money laundering directive...
Read More

Cryptocurrency In The Nordic Countries: 2019 Results

Cryptocurrency is all over the place now and the Nordic countries are definitely not an exception to it. Norway, Sweden, Finland, and Denmark are now considered to be countries with the best standards of living. However, they can also offer a lot in terms of cryptocurrencies and blockchain technologies.  That is a no-surprise anymore that...
Read More

Swiss Startup AMUN to Target EU Retailers

Swiss Startup Amun has got clearance to offer its products to retail clients in Europe. Swedish Financial Supervisory Authority (SFSA) granted permission to the firm this Tuesday, Dec 10, 2019. “[The approval] gives us wide access to sell directly and market directly to basically all retail in Europe,” Amun CEO Hany Rashwan said. Furthermore, with...
Read More

Ukraine Inculcates FATF Standards, Legalizes Crypto Payments

The Legislative arm of Ukraine, The Verkhovna Rada, has passed an amendment to legalize crypto payments in the country. The anti-money laundering (AML) law complies with the Financial Action Task Force (FATF) standards. The law mainly handles the maintenance of virtual assets and virtual asset service providers (VASP’S). It provides clear guidelines for traders and...
Read More

RBI Plans to Launch ‘Digital Rupee’ Amidst India’s Crypto Ban

RBI Governor Shaktikanta Das, on Thursday, announced that India will soon launch it’s own Central Bank Digital Currency (CBDC). Amidst a court case on the Cryptocurrency ban in India, this news comes as a hope for crypto in the future.  India is a land of diverse mentality with a constant feud of banning cryptocurrency or...
Read More

StableCoin can Disrupt World Economy, Warns US Regulators

The U.S. government panel of senior financial regulators has warned against stablecoin and cryptocurrencies risk on the world economy. The Financial Stability Oversight Council (FSOC) had published an Annual report on Dec 4, 2019. According to the regulators, disruption of the stablecoin system will affect the payment system adversely if stablecoin are to be made...
Read More

Russia Ban on Crypto Payment – Boon or Bane For Country’s Economy?

Recent crypto updates are coming from Russia. The country plans to put a ban on crypto payments. As per a report in Izvestia, the Central Bank of Russia might impose this ban in the coming days. As of now, there is no punishment on trading Bitcoin and other cryptos in Russia. Russian Regulators plan this...
Read More

ECB To Launch a Central Bank Crypto Rivalling Libra & Bitcoin

Europe, one of the Financially stable Economy has now decided to venture into digital currency. ECB explores the development of digital currency to rival Libra and Bitcoin. Benoît Cœuré (Member of ECB) told in a conference in Brussels that Digital Currency will provide flexibility to Banks even if Cash runs out.  Last year, Benoît had...
Read More

South Korea Introduces Laws – Crypto Now A Digital Asset

South Korea will now legalize Cryptocurrency in the country. The National’s Assembly passed the bill on Tuesday. As per this bill, cryptocurrency will now be categorized as digital assets in the country. The move is to legalize crypto and enhance investment opportunities. The Financial Services Commission (FSC)’s Financial Intelligence Unit will register all crypto-related business...
Read More

American State, Wyoming Might Add 8 More Blockchain Laws in 2020

American state, Wyoming plans to pass 8 more blockchain laws in 2020. Caitlin Long, founder of Wyoming Blockchain Task Force explained the detailed plan to incorporate these laws in a live interview with BlockTV. The state already has around 13 blockchain laws. The basic structure of Wyoming Crypto Law divides assets into Digital securities, Digital...
Read More

Thailand SEC Plans to Adjust Existing Crypto Laws to Improve Growth

The kingdom nation of Thailand is set to adjust the royal decree it previously issued regarding crypto-asset businesses. This move is meant to allow the country to further accommodate the crypto industry. Thailand is one of the Asian countries that have warmed up to the blockchain and cryptocurrency technology and putting their economies in line...
Read More

Wyoming, The First Country to Apply Digital Asset Custody Rules

The US state of Wyoming has introduced a new set of rules to regulate the digital asset custody platforms. The rules are for its rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops, and staking. Wyoming Blockchain Task Force president Caitlin Long announced the news through a series of tweets. With this...
Read More

Crypto Exchange Financial Regulations Are Coming In Hong Kong

The major tax agency in the United Kingdom, HMRC, has finally issued the cryptocurrency tax guidance for businesses, following its year-old promise. The UK regulator Her Majesty’s Revenue & Customs (HMRC) was in the cryptocurrency news last year when it clarified the situation for individual taxpayers, showing what separates utility tokens from security tokens.It now...
Read More

G7 Group of Nations Warns that Global Stablecoins Threaten Existing Financial System

The G7 group of nations has prepared a draft report which notes that globally accessible stablecoins pose a significant threat to the existing financial system. According to BBC, G7’s draft report detailed the different risks involved with digital currency transactions. For instance, even if Libra Association members address relevant regulatory requirements, the project might not...
Read More

FCA Launched 87 Investigations Against Crypto Business In 12 Months

The state of crypto in South Korea has been a hot topic lately mostly because of the crypto laws which have toughened up over the past few months. The truth is that South Korean regulators seem to strongly favor blockchain over cryptocurrencies and many events have proven this hypothesis.According to local reports in the crypto...
Read More

Blockchain Act: Liechtenstein Becomes First Nation to Launch Comprehensive Crypto Regulations

Liechtenstein’s parliament unanimously approved the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also referred to as the Blockchain Act. The nation’s parliament passed the Act on October 3. According to local reports, the new law aims to enhance investor protection, prevent money laundering, and establish regulatory clarity. The Act will...
Read More

India’s State Funds Frozen In Bitcoin Scam Account

A new cryptocurrency fad is in the latest cryptocurrency news. It seems like scammers have started using mainstream news articles (fake news) to advertise a non-existent and potentially dangerous fake Bitcoin investment platform. Named “Bitcoin Profit,” the fad features fake celebrity interviews. The website is obviously designed to lure would-be clients and uses celebrity endorsements...
Read More

Facebook’s Libra Could Have Systemic Implications Very Soon

During the webcast discussion in Switzerland, Federal Reserve Chairman Jerome Powell said that the Facebook’s stable coin, Libra would probably have so many users that it might cause instability in the financial system if something went wrong. In a discussion in Zurich with Swiss National Bank Chairman Thomas Jordan, Powell claimed that. “With Facebook’s very...
Read More

China’s Crypto Will Protect The Chinese Monetary Sovereignty

The stablecoin operator Paxos is in the coming altcoin news for launching PAX Gold (PAXG), a gold backed Ethereum (ETH) token. Now that Paxos launches PAXG, we have one more altcoin – and the launch of the product was officially unveiled in a press release on September 5th. As the press release claims, this is...
Read More

Telegram’s Crypto Launch Will Compete With Regulations

Crypto lending services are now launched by Binance as one of the largest cryptocurrency exchanges by trading volume in a bid to attract more customer deposits so let’s find out more about it in the latest cryptocurrency news below. The company made an announcement back on Monday that Binance Lending will be now available for...
Read More