• A law concerning cryptocurrencies came into force on Sunday, May 13th, stipulating that virtual currencies are to be treated as digital assets. The framework had been put together earlier this year but it has come into effect yesterday. Thailand Begins Regulating Crypto This year has been quite dynamic for the crypto field in Thailand. Back in February, the Bank of Thailand barred banks from investing in or selling digital currencies, grant loans to their clients

    Thailand Officially Begins Regulating Cryptocurrency as Digital Assets

    | 2018/05/16 1:00 am
  • Wall Street continues to debate whether cryptocurrencies should be treated as securities or commodities. Ethereum, the world’s second most valuable cryptocurrency after Bitcoin, finds itself in the crosshairs of regulators. Ethereum: Security or Commodity? The Securities and Exchange Commission (SEC) and other federal agencies should swiftly decide if Ether should be treated as a security or commodity, a financial regulator said at the Consensus cryptocurrency conference on Monday. Brian Quintenz, a commissioner at the Commodity Futures Trading

    US Regulator Urges SEC to Clarify If Ethereum Tokens Are Securities

    | 2018/05/15 1:00 pm
  • South Korean authorities continue to send mixed signals as the Financial Services Commission broadens the scope of its probe into domestic cryptocurrency exchanges with Bithumb being the “primary target.” Auditing Exchanges As reported by The Korea Times, South Korea’s Financial Services Commission (FSC) is broadening the scope of its probe into domestic cryptocurrency exchange operators while requesting worldwide coordination in regards to cryptocurrency and digital asset regulation. Stated an official on Sunday: Following a request

    Bithumb a ‘Primary Target’ in South Korea’s Crypto Exchanges Probe

    | 2018/05/14 5:00 pm
  • The Indian Supreme Court has struck out an interim injunction against the crypto ban of the Reserve Bank of India (RBI). The RBI banned banks and other financial institutions from facilitating cryptocurrency trades in the country. In response, a coalition of petitioners, comprised of four crypto exchange platforms and other startups, have gone to court, challenging the RBI’s directive. Legal Battle Is Far from Over The decision by the Supreme Court is the not the

    Supreme Court of India Strikes Out Injunction Against RBI Crypto Ban

    | 2018/05/13 5:00 am
  • The financial services regulator for the southern African country of Zimbabwe – the Reserve Bank of Zimbabwe (RBZ) – has banned all financial services institutions in the country from all forms of cryptocurrency trading. The directive was shared in a circular on virtual currencies distributed to all institutions on Friday. Cryptocurrency Trading Banned Through Banking Services According to a news report, the circular which was signed by the RBZ registrar of banking institutions Norman Mataruka, the

    Reserve Bank of Zimbabwe Bans Cryptocurrency Trading, Financial Institutions Given 60 Days to Comply

    | 2018/05/12 8:00 pm
  • With U.S. President Donald Trump declining to renew a nuclear deal with Iran, citizens of the country are turning to Bitcoin. Iran is facing renewed sanctions from the United States which could signal the start of new economic problems. There are also reports that the Iranian government is looking to create a state-owned cryptocurrency. Impending Economic Troubles Fresh sanctions from the U.S. will adversely affect Iran’s exports especially oil which forms a considerable portion of

    Iran Turns to Bitcoin in Preparation for Renewed U.S. Sanctions

    | 2018/05/10 8:00 pm
  • Ukraine may begin formal procedures for legalizing cryptocurrency after its securities chief said the world had already crossed the “point of no return.” “The ‘Point of No Return’ Is Already Passed” In a speech to the International Organization of Securities Commissions (IOSCO) on May 8th, Timur Khromaev, chairman of Ukraine’s National Securities and Stock Market Commission (NSSMC) and head of the Committee on Development Strategy and Economic Analysis of Stock Market, said cryptocurrency “will become

    Ukraine Securities Chairman Wants To Legalize ‘Several’ Cryptocurrencies

    | 2018/05/10 4:00 pm
  • CBlocks, a Miami based-based cryptocurrency startup is moving to Canada to avoid regulatory trouble in the United States. The firm has been unable to obtain clear legal guidance concerning its status, hence the move. Cryptocurrency laws in Canada are a lot less stringent than in the United States. Unclear U.S. Regulations to Blame for the Move According to the firm’s co-founders, they are not sure of how the regulatory agencies would classify the company. They

    Canada Steals Crypto Startup From the U.S. With Less Stringent Laws

    | 2018/05/09 1:00 am
  • Russia classified cryptocurrency as property for the first time May 7 after a bankruptcy court forced a debtor to include his holdings in his personal wealth. Moscow Court Demands Access To $1850 In BTC As local news outlet RBC reports, the Ninth Arbitration Court of Appeal in Moscow obliged bankruptcy victim Ilya Tsarkov to disclose the contents of his Blockchain.info wallet to bankruptcy lawyer Aleksey Leonov as part of the real estate estimation process. The

    Russia: Court Rules Bitcoin Is Property In Landmark Bankruptcy Case

    | 2018/05/08 7:00 am
  • Yoon Suk-heun, the newly appointed governor of the Financial Supervisory Service (FSS) of South Korea, has declared that there will be a review of the current crypto regulations in the country. The FSS chief announced this while speaking to reporters after his confirmation. Striking a Balance Between Regulations and Growth According to Yoon, the crypto market requires an adequate regulatory framework to grow. During his post-confirmation address, he reiterated the need for clear laws that

    South Korea: FSS Governor Talks Easing of Cryptocurrency Regulations

    | 2018/05/07 8:30 am
  • Major crypto brokers in Europe have joined the call for the establishment of clearly defined cryptocurrency regulations. These exchange platforms want the market to be legitimized, eliminating the idea that they are fronts for money laundering operations. Since 2017, countries around the world have begun to take more definitive steps in monitoring and controlling the multi-billion-dollar industry. Attracting Institutional Investors According to leading crypto brokers in Europe, such as eToro and Bitpanda, regulations will help to

    Crypto Brokers Clamor for More Robust Regulations to Legitimize the Market

    | 2018/05/07 4:30 am
  • The Financial Services Agency (FSA) of Japan is set to introduce stricter guidelines for cryptocurrency exchange platforms in the country. According to local media sources, the FSA is taking this course of action to prevent another high profile crypto hack. Creating a New Paradigm for Crypto Exchange Platform Regulations Japanese cryptocurrency exchange platform Coincheck was hacked in January 2018, resulting in the theft of more than $500 million worth of crypto. In the aftermath of

    Japan Introduces Five-Point Agenda for Cryptocurrency Exchange Regulations

    | 2018/05/06 3:00 pm
  • There is an upsurge in the cryptocurrency trading volume in India. This increase is occurring despite the crypto ban issued by the Reserve Bank of India (RBI) in April 2018. As a result, crypto stakeholders remain confident that the market will continue to flourish even after the ban officially takes effect in July 2018. Increase in Prices and Daily Trading Volume Crypto prices and daily trading volumes have increased in the aftermath of the RBI

    India’s Crypto Trading Volume Increases Despite Central Bank Ban

    | 2018/05/04 8:00 pm
  • The government of South Korean appears to be on the verge of legalizing ICOs after the 2017 ban. According to the Korea Times, a coalition of lawmakers are looking to obtain a consensus in the National Assembly to pass a bill making ICOs legal in the country. Details of the Proposed ICO Bill Rep. Hong Eui-rak is leading the move to legalize ICOs in the country. He is a member of the South Korean ruling

    South Korea Set to Legalize ICOs Under New Conditions

    | 2018/05/03 3:00 pm
  • SEC Commissioner, Robert Jackson says that the commission’s number one priority is consumer protection for crypto investors. He made this known in a CNBC interview on April 30. Commissioner Jackson also aired his views on the crypto market, saying it is “full of troubling developments.” Protecting Crypto Investors from Fraudulent ICOs The SEC Commissioner believes that people find it difficult separating viable investments from fraudulent ones in the crypto space. He also spoke about ICOs,

    SEC Commissioner Says Crypto Fraud Protection is Priority Number One

    | 2018/05/02 9:00 am
  • The Central Bank of the Argentine Republic (BCRA) has this month eased regulations regarding automatic teller machines in the country. The (perhaps unexpected) upshot of this has been a plan to install 4000 new crypto-enabled ATMs. Rules, Rules, Rules The new regulations do not contain any direct reference to bitcoin or cryptocurrency. Rather, they allow the installation of ATMs in non-banking establishments, such as supermarkets, shopping centers, and cinemas. In addition, the regulations allow independent players

    Easing Regulations Bring 4000 New Bitcoin ATMs to Argentina

    | 2018/05/02 1:00 am
  • The Financial Services and Treasury (FSTB) of Hong Kong has released its Money Laundering and Terrorist Financing Risk Assessment report which indicates that cryptocurrencies are left out of organized crime or ML/TF concerns. Amid the growing crypto-related regulatory chaos and tense debate on the matter of combating financial crime, the FSTB released a report which sheds light on a few key matters. Crypto is Not a Threat. Period. The cryptocurrency market has long been the

    ‘Cryptocurrencies Not a Threat’ Says Hong Kong Report on Organized Crime

    | 2018/05/01 5:00 pm
  • CFTC Chairman Christophe Giancarlo went on record, saying that Bitcoin, alongside a lot of other cryptocurrencies share elements of different asset classes, regardless of whether it’s a matter of long-term asset or means for payment. Christophe Giancarlo, currently a chairman of the U.S. Commodity Futures Trading Commission (CFTC) shares his take on Bitcoin, saying that the world’s largest cryptocurrency is part currency, part security, and part digital coin. In what’s undoubtedly a positive sentiment towards

    CFTC Chairman: Bitcoin Suited for ‘Long-Term Buy and Hold Strategy’

    | 2018/05/01 11:00 am
  • The country’s cryptocurrency project doesn’t seem to be affected by the recent nationwide ban by the Central Bank of Iran, prohibiting dealings with all kinds of virtual currencies. In fact, the project’s experimental model is ready. A Bit of History Iran’s position on the field of cryptocurrencies has undoubtedly been through its ups and downs. Late last year, we saw the country announcing that it was to take proactive measures towards the adoption of effective

    Iran’s State-Backed Cryptocurrency Project Moves Forward After ‘Banning’ Bitcoin

    | 2018/04/30 8:30 am
  • Adena Friedman, the CEO of Nasdaq says the company is interested in becoming a cryptocurrency exchange platform. Nasdaq is the second-largest stock exchange in the world in terms of market capitalization. The company is the latest in a slew of institutional investors looking to enter the burgeoning cryptocurrency market. Properly Assessing the Cryptocurrency Landscape The Nasdaq CEO said that the company would consider creating its own cryptocurrency exchange service in the future. She made this

    Nasdaq Eyes Becoming a Cryptocurrency Exchange Platform

    | 2018/04/26 7:00 am
  • Have you heard? Bitcoin is back — and with it, altcoins have been surging. But what’s driving the renewed bullish sentiment? The Storm is Over As of Wednesday morning, things are looking healthy in the greater cryptocurrency market. At the time of this writing, Bitcoin is currently holding above the $9000 level, while the majority of altcoins — which all enjoyed significant run-ups over the past couple of weeks — are finally experiencing a much-needed

    3 Reasons Why Bitcoin and Its Brethren Are Back

    | 2018/04/26 1:30 am
  • The 16 registered cryptocurrency exchange services in Japan have come together to form the Japan Cryptocurrency Exchange Association (JCEA). This is according to a report by Asahi Shimbun, a local news outlet in Japan. The JCEA will be responsible for the self-regulation of Japanese cryptocurrency exchange platforms. The JCEA Taizen Okuyama is the chairman of the JCEA. He is the CEO of Money Partners, a forex firm which recently entered into the cryptocurrency exchange market

    Japanese Crypto Exchanges Launch Self-Regulatory Body

    | 2018/04/25 2:00 pm
  • As financial institutions’ interest in trading cryptocurrencies explodes, Andreessen Horowitz is leading a group of influential venture capitalists to protect cryptocurrencies from being classified as securities. Moreover, Horowitz is accelerating the launch of a dedicated crypto asset fund. The Venture Capital Working Group Is Fighting For Cryptocurrencies An increasing number of finance firms are considering joining the crypto bandwagon to start trading Bitcoin and other cryptocurrencies within the next few months. Specifically, a Thompson Reuters

    Andreessen Horowitz Leads the Fight to Prevent SEC From Classifying Bitcoin as Security

    | 2018/04/25 5:30 am