Cryptocurrency regulation

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....
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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...
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Cryptocurrency Regulations in Australia

Crypto regulations is always a matter of concern in most of the countries. 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. However, Australia is one such region where cryptocurrency is totally regulated and...
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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%...
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State Of Cryptocurrency Regulation in the USA

Bitcoin & other cryptocurrencies are not new to the market. Their decentralized nature has attracted wrongdoers over their period of existence. As a result, many countries are strengthening their laws regarding cryptocurrency. Let us check how Cryptocurrency Regulation in the USA has incorporated into their judicial system. Current Regulations for Digital Tokens in the USA ...
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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...
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Russian Central Bank Is Testing Real Asset-Pegged Stablecoins

As we reported in our cryptocurrency news earlier this week, YouTube has aggressively started deleting cryptocurrency related content from some of the biggest crypto influencers in the industry. Now, even more influencers took it to Twitter and Reddit saying how much this hurts them and how YouTube started it without a warning.One of them was...
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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...
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Wall Street Veterans Launch Phemex: Crypto Derivatives Platform in Singapore

Phemex — a new crypto derivatives trading company launched in Singapore is looking to bring institutional-grade derivatives trading to the crypto space. Led by a team with a vast Wall Street trading experience, Phemex joins an expanding pool of crypto derivative brokers establishing a presence in Singapore. Meanwhile, regulators in the country are reportedly looking...
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South Africa Central Bank Set to Create Clear Cut Crypto Regulations

The South African Reserve Bank (SARB), the country’s apex bank, is reportedly planning to enact policies aimed at restricted local crypto usage. Such a move would signal the first concrete step towards policing the South African virtual currency scene which has so far seen little in the way of crypto regulations. While some commentators say...
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Latest German Bill Encourages Crypto Adoption: Bundesrat

The latest German bill is expected to encourage massive crypto adoption as per the latest reports we have in our latest crypto news. Probably German banks will have the opportunity from 2020 onwards to provide sale and custody services for cryptocurrencies. This is a consequence of a bill vote that was upheld today at the...
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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...
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China Renews War on Crypto Activities to Seal Loopholes

Beijing has renewed its war on crypto activities just over one month since President Xi Jinping lauded the potential of blockchain technology. According to the official document from Shanghai headquarters of the People’s Bank of China (PBoC) and the Shanghai Municipal Financial Regulatory Bureau, the authorities have launched a new campaign to shut down all...
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CFTC Chairman: The US Should Lead the Rest of the World in Crypto Adoption

Heath Tarbert, the head of the U.S. Commodity Futures Trading Commission (CFTC) says the country should be at the forefront of global crypto adoption by creating innovative solutions in the emerging cryptocurrency space. The U.S. financial watchdog chief also wants regulators to move towards a more streamlined regulatory environment for digital assets in the United...
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Russia’s Crypto Legislation Could Marginalize BTC, ETH

The financial regulator of Hong Kong – which is the Securities and Futures Commission (SFC) is set to publish a new set of regulations for Bitcoin (BTC) as well as cryptocurrency exchanges. As the news show, the Hong Kong regulator will make the changes – something that first emerged in a report on Reuters led...
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Turkey’s Crypto Interest Is Growing Each Year

The world’s 20th biggest economy, the country of Turkey, may not be the most well known internationally for its authoritarian President, Recep Tayyip Ergodan, but the country is definitely modern in many other aspects. Turkey’s crypto interest is a proof for that – and the country is on a good path to become a global...
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New Regulatory Authority Will Certify Digital Payments In China

The central bank in China, named the People’s Bank of China, will soon certify 11 types of financial technology hardware and software which are widely used for digital payment and blockchain services under its new verification system called the Certification of Fintech Products. The new regulatory authority is now officialized as the central bank released...
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Governments Should Regulate Stablecoins – Not Destroy Them: Research

The United States Financial Crimes Enforcement Network and its director Kenneth Blanco spoke at the University of Georgetown recently where he made it clear that the Anti-Money Laundering (AML) laws directly apply to everyone. The FinCEN chief said that fintech firms offering cryptocurrency users anonymity must comply with AML “just like everyone else.”As reported in...
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Crypto Derivatives Ban: UK Govt Won’t Interfere with FCA Decision

The UK government says it has no power to interfere with any decision by the Financial Conduct Authority (FCA) regarding the fate of crypto derivatives. This report comes amid speculation that the financial watchdog is moving to ban crypto derivatives over investor protection concerns. Meanwhile, several stakeholders have urged the FCA to reconsider its stance...
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India Not Alone in Libra Crypto Aversion, Says Finance Minister

India remains one of the more hostile countries when it comes to cryptocurrencies. Facebook’s proposed Libra crypto hasn’t been exempted from this crypto aversion. However, authorities in New Delhi aren’t the only ones wary of Libra. In fact, since the project’s white paper was published, there has been a significant global backlash against Facebook’s foray...
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Central Banks Can’t Ignore Crypto Or Digital Fiats: Report

Cryptocurrency is the new innovation in payments and definitely one of the technologies that are shaping up the 21st century as we know it. According to new reports, central banks and financial authorities know this already and are increasingly turning their attention to cryptocurrencies and digital fiats. As Bloomberg reports, the American Federal Reserve is...
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IRS Publishes Crypto Taxation Guidelines: Hard Forks & Airdrops Issues

The U.S. Internal Revenue Service (IRS) has updated its crypto taxation guidelines five years after the first publication on virtual currency taxation. This time around, the U.S. tax agency included guidelines on hard forks and airdrops. With the new guideline comes reactions from different people in the cryptocurrency community. While some believe that the new...
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Crypto Donations In Japan Will Not Be Regulated

The latest crypto news feature Dash, the cryptocurrency project which is among the top 20 cryptos by market cap, and how it managed to pick up momentum over the past month with new exchange listings. All of these news are commented by the Dash CEO – who claims that the road to new improvements is...
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European Union Needs A Common Approach To Regulating Crypto

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...
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FCA Cryptocurrency Scam Probes Up 74% in 12 Months

UK regulators are increasingly shinning the spotlight on cryptocurrency businesses to root out bad actors. Combating Cryptocurrency Scams According to The Telegraph, the Financial Conduct Authority has initiated 87 investigations into cryptocurrency businesses over the last 12 months. This figure represents a 74% increase from the number of inquiries recorded as between October 2017 and...
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UK Regulators Move to Ban Cryptocurrency Derivatives

Financial regulators in the U.K. are reportedly looking to outlaw cryptocurrency derivatives over perceived risks to retail investors. This move comes as the market continues to gain even more prominence against the traditional crypto spot trading. While several financial watchdogs in different jurisdictions have proposed stringent regulatory requirements for cryptocurrency derivatives trading, an outright ban...
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Introducing the Crypto Rating Council

Coinbase is proud to join leading crypto businesses in announcing the creation of the Crypto Rating Council, a member-operated organization formed to assist market participants that trade or support crypto assets to comply with U.S. federal securities laws. Founding members of the Council are Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale Investments and Kraken....
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U.S. Congress Hearing With the SEC: The Journey So Far

The earlier proposed hearing by the Committee on Financial Services began with the SEC and tackled several issues regarding cryptocurrency, the SEC’s function, Facebook’s Libra, as well as blockchain technology. About a week ago on Thursday the 19th of September, the Committee on Financial Services scheduled Tuesday 24th, as the day for a Congress crypto...
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David Marcus: Libra Launch Will Happen Next Year Regardless of Regulatory Scrutiny

Libra co-creator David Marcus is confident that Facebook’s digital currency will launch in 2020 despite mounting regulatory pressure from jurisdictions around the world. The Libra chief also sees adoption as a much larger concern for the cryptocurrency project than whether authorities are happy with the crypto. There continues to be strong opposition to the planned...
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Australian Authorities Indict Cryptocurrency Crime Syndicate

The Australian Securities and Investments Commission (ASIC) together with the Australian Federal Police (AFP) recently announced the crackdown of a group of fraudsters who specialized in identity theft. Per a press release, the syndicate moved the stolen funds back from abroad into Australia using cryptocurrency. There has been a growing rate of fraudsters who use...
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