• Chinese Bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities. Bitcoin Mining Now ‘Illegal’? Evidence surfacing on Twitter added to an article from local news outlet Caixing today, which stated electricity supplier in Szechuan province had said Bitcoin mining was now “illegal.” “Immediately stop supply power to bitcoin mining businesses upon receiving this notice,” a translated notice proclaiming the ban uploaded by 8btc and translated on Twitter states. If true, the

    China Bans Bitcoin Mining? Rumors Fly as Notices Appear In Press

    | 2017/11/14 9:00 am
  • In a potentially bearish signal for U.S. crypto users, the United States’ lead financial administrator said he’s concerned with the “illicit” possibilities of cryptocurrencies. Mnuchin’s Comments Mean a Regulatory Crackdown Could Be in the Cards U.S. Treasury Secretary Steve Mnuchin had critical comments for the crypto space on Friday, November 10, answering questions on Bitcoin during sit-down comments with the press. When asked about the U.S. Treasury Department’s position on Bitcoin, Sec. Mnuchin said that

    Treasury Sec. Mnuchin Says ‘We’re Looking Closely’ at Bitcoin, Cryptocurrencies

    | 2017/11/11 11:00 am
  • Iranian authorities are taking appropriate measures in order to implement an effective infrastructure for Bitcoin usage in Iran. Bypassing Regulations As the tensions between Iran and the west rise, the Iranian government is looking for a way to integrate Bitcoin into its economy. Currently, the relations with the USA and Iran have been rather stagnant as Donald Trump called the Iran deal the “worst deal ever”. The Islamic republic is still suffering from international sanctions that affect

    Iranian Government Plans to Implement Infrastructure for Bitcoin Usage

    | 2017/10/31 11:45 pm
  • After the recent clampdown by the Chinese government, many cryptocurrency operators are looking to relocate to other Asian countries that are much more welcoming. There are quite a few interesting features surrounding cryptocurrencies, such as Bitcoin and Ethereum. Chief amongst these is decentralization, which means that the various facets of cryptocurrency, such as exchanges, are not constrained by national borders. This is something that Chinese authorities are now finding themselves having to contend with. The

    Chinese Cryptocurrency Traders Relocating to Other Asian Countries

    | 2017/10/30 7:00 am
  • A man in Michigan is facing federal charges for operating an unlicensed Bitcoin exchange after selling over $55,000 USD of Bitcoin to undercover agents. There’s a song that goes, “I fought the law, and the law won.” The reality is that the law usually wins as the state can devote an incredible amount of resources upon an individual or organization when it wishes to. Lately, the US government has been looking hard at unlicensed Bitcoin

    Michigan Man Busted for Unlicensed Bitcoin Exchange – Faces Jail Time

    | 2017/10/28 7:00 am
  • Singapore is putting itself out in the forefront of blockchain activity by announcing no regulations for cryptocurrency and entering into a fintech agreement with Hong Kong. Singapore is making some waves when it comes to cryptocurrency like Bitcoin. While Singapore has a lot of ties to China when it comes to culture, education, and economy, it’s not following China’s lead when it comes to digital currency. China has banned ICOs and forced a number of

    Singapore Will Not Regulate Cryptocurrencies and Partners with Hong Kong for Fintech

    | 2017/10/26 7:00 am
  • Kyiv, Ukraine – Law firm Axon Partners, in conjunction with cryptocurrency consulting firm ForkLog Consulting, have released an English-language version of their comprehensive report on the regulation of Bitcoin and Bitcoin-related businesses around the world. What’s in the Report Titled Bitcoin Regulation: Global Impact, National Lawmaking, the report, which was published in its original Russian language in February 2017, details the regulatory status of Bitcoin and Bitcoin-related businesses in Australia, the United Kingdom, Hong Kong,

    Axon Partners and Forklog Consulting Release 2016 Report on the State of Global Cryptocurrency Regulation

    | 2017/10/26 1:00 am
  • Market experts believe that a Bitcoin ETF will soon be approved by the Securities and Exchange Commission. Creating a Bitcoin ETF Bitcoin has experienced a rapid price growth this year. Recently, the decentralized cryptocurrency hit a new all-time high price of $6174 and reached a market cap of $100 billion. Of course, the huge price spike caught the attention of Wall Street, various financial institutions, and investors. In the last couple of years, different parties

    Could a Bitcoin ETF Be Just Around the Corner?

    | 2017/10/22 3:45 am
  • Even though Bitcoin has been rapidly rising in the last days, Jamie Dimon thinks that the decentralized cryptocurrency has no future. Does Bitcoin Have a Future? Many experts and analysts were very skeptical with the sudden price surge of Bitcoin. The popular cryptocurrency had a very impressive price surge this week. Bitcoin hit a new all-time high of $5,835 and a market capitalization of $97 billion. Financial analysts like Novogratz believe that this is just the

    Jamie Dimon: ‘Governments Will Crash Bitcoin’

    | 2017/10/15 10:45 am
  • Robert Ophèle, the new head of France’s stock market regulatory agency, the AMF, presented his goals, which focus on Bitcoin, initial coin offerings (ICOs) regulation, and making Paris more attractive for financial investors leaving London as a consequence of Brexit. Bitcoin and other Cryptocurrencies Fulfill a Legitimate Business Need Robert Ophèle detailed his five-year program for the AMF (Authorité des Marchés Financiers), in a recent interview with Challenges. He noted that the priorities of the

    France’s Stock Market Regulator is Positively Interested in Bitcoin and ICOs

    | 2017/10/09 12:00 pm
  • Hackers from North Korea have attempted to infiltrate several cryptocurrency exchanges in South Korea, and some entities are saying that this action should serve as a wake-up call. One can definitely say that the country of North Korea is not a highly desirable tourist destination. The ruling military dictatorship, currently under the control of Kim Jong-un, has kept the country isolated from the rest of the world for decades. While we sometimes laugh at the

    Hackers from North Korea Attempt to Steal Bitcoin

    | 2017/09/30 6:02 pm
  • After Chinese regulatory authorities cracked down on Bitcoin trading in the country, Japan’s Financial Services Agency has announced that they will begin to closely monitor cryptocurrency exchanges. Consequences Of China’s Ban China’s decision to ban ICOs and Bitcoin Exchanges earlier this month resulted in the migration of many traders to Japanese and South Korean markets. This made Japan the world’s largest Bitcoin exchange market and proved the old adage ‘with great power comes great responsibility’

    Japanese Bitcoin Exchanges To Go Under ‘Full Surveillance’ Starting October

    | 2017/09/25 1:00 pm
  • This past week produced some mixed news for the Bitcoin community, with one win and two losses. While the Malaysian government has reportedly given the green light to legalize the use of Bitcoin within the country, the Ukrainian and Indonesian central banks have declared that they refuse to recognize the cryptocurrency as a means of payment. Malaysia Magic Malaysia’s central bank is reported to be working on developing a framework to regulate the use of

    Bitcoin Legalization Update: Malaysia, Ukraine, and Indonesia

    | 2017/09/24 3:45 pm
  • At the Blockchain Global Summit event in Hong Kong, anti-virus pioneer John McAfee said that war between world governments and cryptocurrency has already started. Conflict is an integral part of life. A person struggles to find their way in the world, and businesses compete with one another to earn your dollar and trust. It is in the economic realm where conflict is constant, and the rise of Bitcoin and other cryptocurrencies have led to struggles

    John McAfee Says National Governments are Going to War Against Bitcoin

    | 2017/09/23 11:04 am
  • A researcher at the Central University of Finance and Economics suggests that the Chinese government should start its own cryptocurrency. The Current State of Bitcoin in China In the last couple of days, there have been a lot of rumors flying around about the future of Bitcoin and other cryptocurrencies in China. Currently, Chinese regulators have forced prominent cryptocurrency exchanges like BTCChina and Huobi to shut down their operations by the end of the month.

    China Should Create Its Own Cryptocurrency ‘As Soon as Possible’

    | 2017/09/20 11:45 pm
  • Major Chinese exchanges BTCChina and ViaBTC have announced they will shut down operations causing Bitcoin price to plunge as OKCoin and Huobi are expected to follow.  ICO Crackdown The recent days have been very interesting for cryptocurrency traders worldwide. On September 4, news emerged that Chinese regulators banned all Initial Coin Offerings that are based in China. The report from the People’s Bank of China stated that no individual or organization may longer raise funds through

    Bitpocalypse? Bitcoin Price Plunges as Chinese Exchanges Close

    | 2017/09/15 7:00 am
  • The deputy director of the Chinese Academy of Social Sciences, a top think tank based in Beijing, says that China’s ICO ban is likely a temporary stop rather than a permanent decision. Wang Jifeng at The Chinese Academy of Social Sciences, which is closely affiliated with the PRC’s State Council, argued that the decision concerning the ICO ban is not likely to be permanent in a CCTV interview. The initial stop move was taken by the government

    China’s ICO Clampdown Possibly Only Temporary Says China Expert

    | 2017/09/07 1:15 pm
  • Chinese regulators have today taken the unprecedented move of banning all ICOs. This follows news last week that authorities intended to implement stricter regulations to protect investors from fraud. The People's Bank of China released a statement saying that all ICO's should be stopped immediately. $ETH #Bitcoin https://t.co/x3Ip2nJffY — WhalePanda (@WhalePanda) September 4, 2017 That’s one way to protect them There’s more… According to the joint statement issued by the People’s Bank of China and several regulatory commissions: Organizations

    IC-No! China bursts Initial Coin Offering Bubble

    | 2017/09/04 8:42 am
  • After initiating withdrawal controls on Chinese cryptocurrency exchanges, Chinese regulators are now shifting their focus to Initial Coin Offerings. China to Crack Down on ICOs? According to a new draft legislation, Chinese regulators have expressed their intentions to implement stricter regulatory measures for Initial Coin Offerings or ICOs. China Securities Regulatory Commission is currently in talks with a few Blockchain enterprises. The Commission has expressed their particular concern with pyramid schemes in the form of

    Chinese Regulators are Targeting ‘Pyramid Scheme’ ICO’s

    | 2017/08/29 10:00 am
  • Bitcoinist decided to dig deeper into the SEC’s newly issued guidance on Initial Coin Offerings (ICOs) and its implications for investors. We chatted with three legal experts, namely Alfredo Silva, Joshua Ashley Klayman and Daniel Kahan. Joshua Klayman is a founding member and the head of MoFo’s Blockchain + Smart Contracts Group. Her practice focuses on finance and corporate matters including advising on leveraged finance transactions, commercial transactions, and corporate governance matters. Daniel Kahan is an

    Legal Experts: Investors May View SEC’s Statement as Validating ICO’s

    | 2017/08/02 8:00 am
  • The Indian government is seemingly at an impasse over which governmental regulatory body should be held responsible for cryptocurrencies. We take a look an unexplored option that seems to be the top choice of India’s top Bitcoin startups: self-regulation. Regulatory Turf War The government’s bid to regulate Bitcoin has been stalled due to a difference of opinion between the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) about the

    India’s Bitcoin Industry Makes The Case For Self Regulation

    | 2017/07/23 8:00 pm
  • The South African Reserve Bank(SARB), has officially announced its plans to experiment with cryptocurrency and Bitcoin regulations. Adopting Digital Currencies Back in February 2017,  the South African Reserve Bank discussed the possibility of issuing a digital currency based on the blockchain technology. The SARB was actively observing countries that had issued their own digital currency. To date, Tunisia was the only country that had officially launched a digital currency based on blockchain technology, the eDinar. The SARB

    South African Reserve Bank Planning to Test Cryptocurrrency Regulations

    | 2017/07/22 6:30 pm