• 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
  • The train has left the regulation station as Russia prepares to submit their draft law on controlling regulating the country’s booming crypto industry. The wheels continue to turn as Russia moves forward with its plan to regulate cryptocurrencies and ICOs within the country and to provide a definitive framework for trading in the industry. According to EconoTimes, Russia’s Finance Minister, Anton Siluanov, had this to say: The Ministry of Finance has prepared a draft law,

    Russia Preps Draft Law for Cryptocurrency Regulation

    | 2017/12/27 8:30 pm
  • The new U.S. tax code amends IRC Section 1031 (a)(1) regarding “like kind exchanges,” excluding all cryptocurrencies from a previous legal loophole and making all cryptocurrency trades a taxable event. On Friday morning, U.S. President Donald Trump signed a new tax bill into law, signalling the first major tax overhaul in the U.S. in over 30 years. And while you may or may not have high praise for the bill, one thing is certain: the new

    Cryptocurrency Investors Lose Major Tax Break Under New U.S. Tax Code

    | 2017/12/25 3:30 pm
  • Three government officials in Israel’s Ministry of Finance have confirmed they are considering issuing a state-sponsored cryptocurrency, the Shekel, to reduce the number of cash transactions within the middle eastern country. The Push for a Regulated Digital Currency The Bank of Israel is looking into the possibility of a state-sponsored digital currency, according to a few government officials that agreed to comment with the requirement of anonymity. The aim with this initiative is to reduce

    ‘Crypto-Shekel’ May Be in the Cards for Israeli Lawmakers

    | 2017/12/24 9:45 pm
  • Cryptocurrencies are steadily gaining support and popularity and, as a result, many experts believe that governments will launch fiat-based digital currencies. Governments Are Embracing Cryptocurrencies In this year many governments and regulators have taken measures regarding cryptocurrencies, exchanges, and ICOs. 2017 has been a very interesting and exciting year for the whole cryptocurrency space. The Japanese government officially recognized and legalized Bitcoin as a payment method, and this decision surprised many cryptocurrency users. Later in

    Eurozone Won’t Introduce a Fiat-Based Cryptocurrency Anytime Soon

    | 2017/12/23 11:00 pm
  • The SEC just issued another warning over Initial Coin Offerings (ICOs) but the test of a utility versus a security token is still murky. Here's what I believe the 5 Actions the SEC will take against ICOs in the next 6 month

    Will ICOs Survive the SEC Bloodbath?

    | 2017/12/17 2:45 pm
  • The European Union has agreed to a cryptocurrency clampdown to combat money laundering, tax evasion, and financing of terrorism. For a number of years, countries have grappled with ways to regulate cryptocurrency. The meteoric rise of Bitcoin over the course of 2017 has pushed such regulatory concerns to the forefront. Now the European Union (EU) has agreed to a cryptocurrency clampdown that will impact exchanges and wallets in order to combat terrorism, tax evasion, and

    Cryptocurrency Clampdown Approved by EU to Fight Terrorism

    | 2017/12/16 8:00 am
  • As governments across the world continue to make moves to censor and control the flow of digital data across the internet, there a rising tide of concern over net neutrality. Blockchain solutions could be the answer for those seeking more freedom on the internet. A report in Thursday’s New York Times stated that the Federal Communications Commission has voted to dismantle rules regulating the companies that connect users to the internet. This would effectively yield

    Crypto Solutions Tackle Web Censorship Concerns

    | 2017/12/15 1:30 am
  • Bitcoin mining has exploded in Venezuela due to the country’s massive hyperinflation. Now the Venezuelan government is requiring bitcoin miners to join an online registry. It seems that the misery of the Venezuelan people knows no end. The South American country’s economy has been hammered by massive hyperinflation due to the policies of the authoritarian government, now headed by President Nicolas Maduro. Many people, both poor and rich, have turned to mining Bitcoin in order

    Venezuela Now Requires Bitcoin Miners to Register with the Government

    | 2017/12/14 3:15 am
  • With reports claiming that Asian traders are responsible for the bulk of the upward price action in Bitcoin and altcoins, it comes as no surprise that their governments want to gain some control of the runaway markets. With South Korea reportedly accountable for over a quarter of the global trade in crypto currency, its government is considering taxing cryptocurrencies. The average citizen can partake in this feverish market, and South Koreans are taking to cryptocurrencies

    South Korea Mulls Crypto Tax

    | 2017/12/13 12:00 pm
  • As more and more governments are moving to regulate cryptocurrencies, US regulators have started to warn investors from cryptocurrencies and ICOs.  Is the Bubble Ready to Burst? The cryptocurrency market had a phenomenal bull run this year. As the cryptocurrency industry is constantly improving and innovating, many finance experts believe that the hype behind it is just speculation. Experts believe that the global cryptocurrency market may be in a bubble state, and it might burst

    US Regulators Issue New Cryptocurrency and ICO Warning

    | 2017/12/12 8:00 pm
  • Regulation is one of the primary concerns surrounding cryptocurrencies at the moment. Pretty much anyone can set up a blockchain, put up a fancy looking website, add some slick looking team members, and tout their token as the next best thing since sliced bread. At the same time asking for your coin to support them. Open source blockchain platform Waves is addressing the issue by setting up an independent regulatory body which will provide reporting,

    Crypto Platforms Unite to Self-Regulate ICOs

    | 2017/12/11 11:30 pm
  • The way that Bitcoin fits into various religions across the globe is very much a hot topic right now and, as might be expected, not everyone is on the same page. Global Bitcoin regulation and the approach various governments and policymakers are taking towards the regulation of, and legal framework that underpins, Bitcoin has dominated crypto-centric news media coverage (and, to a degree, more mainstream media coverage) over the past twelve months. With prices rising

    Is Bitcoin Haram or Halal? Muslim Religious Views Remain Conflicted But Might Be Easing

    | 2017/12/11 5:15 pm
  • Bitcoin’s unprecedented growth and recent shift into the mainstream financial sector has many governments around the world increasingly worried. Australia has become the latest country to impose restrictions on digital currencies. Those who operate bitcoin exchanges in Australia will now have to register with Australia’s anti-money laundering agency, AUSTRAC. This new directive will also affect all other digital currencies that operate within the domain of the country. The latest development was born out of legislation that was

    Bitcoin Exchanges in Australia Will Have to Register with the Government

    | 2017/12/08 11:00 pm
  • Russia seems to taking their self-imposed responsibility of regulating crypto a step further. Even though it will still be legal to buy cryptocurrencies in the country, mining them could be a whole different story. The rise and rise (and rise) of Bitcoin is a cause for celebration for crypto enthusiasts and a bone of contention for cynics. As it’s popularity grows, more and more people are interested in the financial benefits that the digital currency

    Russia Steps up Crypto Regulation Efforts

    | 2017/12/07 12:30 pm
  • Initial coin offerings (ICOs) can easily net millions of dollars from enthusiastic investors, but a number of countries are starting to regulate them. The Philippines is the latest country to join this growing club. The vast surge in cryptocurrency value and popularity, especially Bitcoin, over the last couple of years took many sovereign governments and major financial institutions by surprise. The blockchain has led to a massive explosion in platforms, each looking to generate revenue

    Philippines Joins the Ranks of Countries Regulating ICOs

    | 2017/12/05 9:30 am