• Cryptocurrencies, or at least defining the term, seem to be a hot topic at the current G20 summit. In fact, it seems that the group is pushing to define them as assets and not currencies at all. According to Bloomberg, this will be discussed on Tuesday. However, a draft statement shows that the group believes that cryptocurrencies “lack the traits of sovereign currencies”, and therefore should not be referred to as such. Klaas Knot, who

    G20 Set to Determine if Cryptocurrencies Should be Defined as Assets

    | 2018/03/20 9:00 pm
  • The head of the Bank of England Mark Carney has told members of the G20 that cryptoassets “do not pose risks to global financial stability.” Carney: Crypto Is No Match For Credit Default In a statement released Sunday a day before the group begins a summit in Argentina, Carney appeared to broadly copy the approach to crypto regulation seen from US regulators in February. He was speaking in his capacity as head of international banking

    Never Mind The Bitcoins: Carney Tells G20 Cryptoassets ‘Pose No Risk’

    | 2018/03/19 5:30 am
  • The Securities and Exchange Commision (SEC) has issued a new report warning about the dangers of unregulated crypto exchanges and stated that all trading platforms exchanging digital assets that are considered securities must register with the SEC.  Does That Mean ALL Exchanges Have to Register with the SEC? On March 7, 2018, the U.S. Securities and Exchange Commision (SEC) published a new report regarding the current state of cryptocurrency exchanges and the potential risks for investors.

    New SEC Report: Cryptocurrency Exchanges Trading Security Tokens Must Register

    | 2018/03/11 12:00 am
  • Four out of the five banks that Finnish-based Prasos Oy uses for their business has severed ties with the exchange, citing money laundering fears as the main reason. Prasos Oy has become a well-known name in the Nordic region’s crypto circuit. The platform relies on the country’s centralized banks to assist in converting their clients’ cryptos into euros. They also run Coinmotion.com and Bittiraha.fi. #Bitcoin dealer #PrasosOy, has one lifeline left. The company exchanges #cryptocurrencies

    Finnish Crypto Exchange Prasos Oy’s Trading Days May Be Numbered

    | 2018/03/09 11:00 pm
  • Many have predicted that 2018 will be the year regulators get well and truly involved the emerging cryptocurrency market. Thus far, that certainly seems to be the case. Regulation Is Here, but Is It a Bad Thing? As we ushered in the new year, South Korea laid down regulation which prevents anonymous trading, while China went right ahead and banned trading entirely. Meanwhile, financial authorities in Germany and France have called for an international crackdown

    2018 Will Be the Year of Cryptocurrency Regulation, But is That a Bad Thing?

    | 2018/03/09 6:00 pm
  • Georgia may be joining the few states that will allow for the use of cryptocurrency to make tax payments if Senate Bill 464 passes. A growing number of US states are opening up to accepting cryptocurrency. Doubtless they wish to reap some of the financial benefits that the crypto world has to offer. This is totally understandable as the market capitalization for virtual currency stands at almost $444 billion at the time of writing. As

    Georgia Bill to Allow Tax Payments with Cryptocurrency

    | 2018/02/24 6:00 am
  • As debate rages upon the subject of gun control, a professor at Washington State University has suggested using blockchain technology to make an impact. The topic of gun control has become a hot topic once again in the United States due to the recent school shooting in Florida. As pundits from both ideological sides of the issue rage back and forth, a new wrinkle has emerged: blockchain technology. A professor of public health at Washington

    Could Blockchain Impact Gun Control?

    | 2018/02/23 4:45 am
  • While other European countries seek stricter regulations on cryptocurrencies, Spain looks to follow Switzerland’s lead and charge ahead of the curve by proposing crypto-friendly legislation. Spain on the Blockchain Spanish Prime Minister Mariano Rajoy’s People’s Party is ready to throw their full weight behind blockchain technology. The conservative party claims to be preparing crypto-friendly legislation with aims to entice blockchain companies, particularly by including tax breaks. According to Bloomberg, Teodoro Garcia Egea — the lawmaker

    Spain Seeks to Pass Crypto-Friendly Legislation

    | 2018/02/18 11:00 am
  • All over the world, legislators, financial experts, and academics are bewildered by the spectacular growth of Bitcoin and the cryptocurrency market. They now realize that financial regulatory agencies lack sufficient experience and authority with cryptocurrencies; therefore, these agencies are unable to perform their oversight duties. As a result, some are even mulling over the creation of a new regulatory agency. However, more regulation will undoubtedly hinder the growth of the crypto space. SEC and CFTC’s Obsolete

    Financial Regulators Are Unable to Control the Crypto Market

    | 2018/02/16 6:00 pm
  • As Bitcoin becomes more and more viable, states like Tennessee and Arizona are racing to pass cryptocurrency-friendly legislation in an effort to become the blockchain capital of the country. On the Books Bitcoin’s quest for legitimacy is set to be aided significantly by the state of Tennessee, which looks to officially accept electronic cryptocurrency payments for financial transactions. Though it is currently not illegal to conduct business transactions with Bitcoin in The Volunteer State, Democrat

    These US States Are Racing to Become the Country’s Crypto Capitol

    | 2018/02/08 3:00 pm
  • The CFTC Chairman just told the Senate Banking Committee he wants to respect the new generation in his approach to blockchain and crypto regulation. On January 6, 2018, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, sat in front of the Senate Banking Committee and presented testimony on cryptocurrency and blockchain regulation. This is actually testimony that was published in written format yesterday (and that’s available here, for anyone that

    The Chairman Of The CFTC Might Just Have Brought The Bitcoin Crash To An End

    | 2018/02/06 2:45 pm
  • After much “will they or won’t they”, the South Korean government has finally implemented cryptocurrency trading regulations. What will that mean for the crypto market? Let’s find out. The big news in the cryptocurrency space today is that the long-awaited South Korean regulations have come into effect. This is a topic that made headlines earlier this month when rumors that the South Korean government would implement an outright ban on cryptocurrency hit the press. These

    Here’s What The South Korean Regulations Mean For The Cryptocurrency Market

    | 2018/01/30 6:00 pm
  • A new draft law has been presented in Russia which proposes the regulation and production of cryptocurrencies and digital assets.  Regulating Cryptocurrencies A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors. The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICOs, mining, and trading. The law was also proposed in order to curb or stop illicit

    Russia Plans to Regulate Production and Control of Cryptocurrencies

    | 2018/01/28 9:30 pm
  • China’s People’s University Law School vice-president Yang Dong has let slip the country is preparing new regulation on cryptocurrency and ICOs for 2018. Sorting ‘Good’ From ‘Bad’ ICOs Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further “denied” a blanket ban on cryptocurrency trading and ICOs would continue indefinitely. China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in

    Chinese Official: New Regulations for 2018 May End ICO Ban

    | 2018/01/25 12:00 pm
  • Countries across the world remain divided over the cryptocurrency revolution that has emerged over the past year. Some, such as China, strive to eradicate all instances of it, but others, including Switzerland, are embracing the blockchain with open arms. Ahead of a potential crypto G20 summit which could result in a wave of regulatory action, Switzerland has emerged in full support of the technology as voiced via Economics Minister Johann Schneider-Ammann. Crypto Nation The affluent

    Switzerland Wants a Crypto-Nation, France and Germany Want Regulation

    | 2018/01/20 4:00 am
  • Blockchains and cryptocurrencies are here to stay, and banks and governments are concerned. With the momentum that the budding markets have built in recent months, digital assets like Bitcoin, Ethereum, Litecoin, and Ripple have become household names. However, crypto regulation does not necessarily have to mean prevention if it can be approached in the right way. In recent weeks, news has emerged of steps concerning crypto regulation taking place across the world, most significantly in

    Why Crypto Regulation Should Not Mean Prohibition

    | 2018/01/15 4:30 am
  • With regulation coming thick and fast across Asia the effects on the markets can be seen instantly. Last week a bucket-load of FUD caused a sell-off when a number of large news agencies misreported that South Korea was banning crypto trading. This wasn’t the case at all and the country remains open. Russia could soon be joining them as it prepares to vote on legalizing crypto exchanges. According to Newsweek, citing Russian media, the Ministry

    Russia Set to Vote on Legalizing Cryptocurrency

    | 2018/01/15 2:00 am
  • The Ukranian government is planning to form a group that will oversee regulatory measures for cryptocurrencies and cryptocurrency exchanges. Regulating Cryptocurrencies As cryptocurrencies are becoming more popular and widespread, many governments worldwide are introducing regulatory frameworks for digital currencies and exchanges. In 2017 the whole cryptocurrency market experienced an explosive growth rate which drew a lot of attention from governments and financial institutions. According to a recent statement by the National Security and Defense Council of

    Ukraine Is Creating Official Group for Cryptocurrency Regulation

    | 2018/01/14 11:30 pm
  • Bitcoin’s explosive growth is dramatically disrupting the monetary and banking system to such an extent that banking and government authorities are sounding the alarm. In effect, the chief of the U.S. Treasury now fears that Bitcoin will become like a “Swiss Bank Account.” Bitcoin Defies the Banking System Bitcoin lets you have your private bank in your electronic wallet. As a result, Bitcoin will eventually render the fiat monetary and banking system obsolete. Hence, U.S. Treasury

    US Government Fears Bitcoin Will Be the Next “Swiss Bank Account”

    | 2018/01/12 6:30 pm
  • In response to increased regulatory pressures in China, Bitmain wants to set up shop in Canada. Bitmain is one of the largest and perhaps the most well-known bitcoin mining and hardware companies in the world. Its primary operations are, as is expected for a company that’s headquartered in Beijing, located in Asia (notably central China and the autonomous Inner Mongolia) but, as per recent reports, it looks as though the company might be looking to

    Bitmain Looking to Launch Canadian Bitcoin Mining Operation

    | 2018/01/12 4:00 pm
  • Venezuela’s president may have to put his Petro plans on hold as the country’s opposition party has outlawed the proposed state-controlled crypto. As decentralized cryptocurrencies continue to shine and grow in interest, certain governments are becoming aware of the benefits that virtual currencies have. Countries like Russia and Venezuela are reportedly aiming to introduce their own state-controlled cryptos soon, with latter seeming to make great progress in doing just that. In a bid to fight

    Venezuela’s Parliament: Maduro’s Petro Cryptocurrency ‘Illegal’

    | 2018/01/10 11:30 pm
  • A recent panel held by the US Senate Judiciary on modernizing anti-money laundering laws found that only a small percentage of illicit activity spending is done through cryptocurrency. If there’s one thing that media outfits love to do is hype up the drama and intrigue, especially when it comes to cryptocurrency. Most mentions of virtual currencies are usually accompanied by a blurb about how criminal groups use cryptocurrency for nefarious reasons. Of course, the Dark

    The Dollar Far Outstrips Cryptocurrency in Illicit Activity Usage

    | 2018/01/03 11:30 am
  • It was only a matter of time until authorities pulled the reins in on one of the biggest crypto trading nations in the world. South Korea, which is responsible for as much as 25% of total crypto trading volume, said on Thursday it will impose additional measures to regulate speculation in crypto within the country. South Korea Will Ban Anonymous Crypto Trading As previously reported that more regulations are expected, South Korean regulators have confirmed additional

    South Korea Tightens Grip, But Won’t Ban Bitcoin Trading

    | 2017/12/28 3:00 am