• 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
  • Once upon a time, China was the leader in bitcoin mining, accounting for an estimated 71% of the bitcoin mining market. But that bubble burst in September 2017 when the Chinese Central Bank completely banned all ICOs. In spite of the ban, Bitcoin has managed to flourish, increasing by over 144% since the ban. Still, China isn’t worried. According to the PBOC, Bitcoin is dying. Speaking at a financial forum in Shanghai over the weekend,

    People’s Bank of China Deputy Governor: ‘Bitcoin is Dying’

    | 2017/12/04 10:30 pm
  • The ban on cryptocurrencies is moving across borders. This time, it is Indonesia, the Southeast Asian giant, that has decided to prohibit all cryptocurrency-related transactions. According to a local report by Pikiran Rakyat, Indonesia’s regulation will prevent payment providers from cooperating or meeting with bitcoin investors, miners, or traders. This announcement was made by the Indonesia’s Central Bank Governor, Agus Martowardojo. According to Agus, the purpose of the ban is to make sure that the country’s

    The Ban on Cryptocurrencies Continues – Indonesia Joins Ranks with Morocco, Ecuador, and Others

    | 2017/12/04 5:00 pm
  • UK authorities are the latest to try and tackle Bitcoin regulation and user compliance. The regulatory issues associated with Bitcoin are something that still cause much confusion and concern globally both for users of the currency and the authorities on the other side of the equation. As 2017 draws to a close, more and more policymakers are outlining their respective frameworks for said regulation and, as per a recent report out of The Telegraph newspaper,

    The UK Is Trying To Crack Down On Malicious Bitcoin Use

    | 2017/12/04 12:45 pm
  • The Russian Association of Blockchain and Cryptocurrency is trying to establish a network of regulators for the ICO space but – whatever they achieve – doubts remain as to whether it can ever be totally effective. The part that various global nations will play in the regulatory side of the Bitcoin and cryptocurrency space is very much unclear right now but, one thing seems certain: that if any sort of regulatory activity is going to

    Russia Is Spearheading Global ICO Regulations But Can It Ever Work?

    | 2017/12/01 1:45 pm
  • Reserve Bank of Zimbabwe (RBZ) director and registrar of banking institutions, Norman Mataruka, recently stated that Bitcoin was illegal and that the regulator would not allow its use in Zimbabwe. Bitcoin is quickly becoming the crisis currency of the 21st century. Interest in Bitcoin soared in Nigeria after the country unpegged the Naira from the US dollar in June 2016, causing it to collapse 40% overnight. In Venezuela, Bitcoin has become a case study in cryptocurrency

    Reserve Bank of Zimbabwe: ‘Bitcoin is Not Legal’

    | 2017/11/26 1:30 pm
  • After China and South Korea started cracking down on cryptocurrencies and altcoin exchanges, a new report states that the Malaysian government is preparing a regulatory framework for cryptocurrencies.  More Cryptocurrency Regulations   A few months ago, news emerged that the Chinese regulatory body imposed bans and regulations regarding cryptocurrency activities. The ban mainly focused on Initial Coin Offerings or ICOs, because regulators feared that some of them may have been fraudulent. Regulators demanded that the

    Malaysian Government to Introduce Regulatory Framework for Cryptocurrencies

    | 2017/11/25 12:30 pm
  • The Securities and Exchange Commision released a public announcement that warns celebrities about endorsing potential unlawful ICOs and cryptocurrencies. The ICO Craze ICOs or Initial Coin Offerings have become the new trending investment opportunity of the year. According to the data from Coinschedule, there have been different ICOs this year which managed to raise the total amount of over $3 billion. The reason why so much money is being invested into ICOs is the fact

    SEC Warns Celebrities about Endorsing ICOs and Cryptocurrencies

    | 2017/11/03 8:00 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