Bitcoin Regulation

Bitcoin regulation has been a hot potato recently. Not a day goes by when news does not emerge somewhere in the world of new regulations being brought in. Crypto is such a new industry that governments are scrambling to keep up. The massive ICO boom of 2017 and 2018 led to a lot of bad actors entering the scene which has put the entire ecosystem in the spot light for regulators.

Bitcoin regulation is not a bad thing, it is necessary to protect traders and investors from bad actors though governments will often use this as an excuse to clamp down on crypto companies. The nations of Asia appear to be further ahead with bitcoin regulation with Japan and Singapore leading the way. The US has procrastinated thus far but moves are afoot to accelerate the process as institutional interest increases and new bitcoin investment products await regulatory approval.

At Bitcoinist we have access to the latest news and updates on regulation efforts around the world as nations either warm to crypto or decide to prevent their people using it.

Basel to establish global crypto standard

Basel Committee Seeking Global Crypto Standard

The Basel Committee on Banking Supervision (BCBS) published on Thursday a discussion paper on the treatment of crypto and digital assets. Central Banks Expected to Share their View on...

Anatol Antonovici | 1 day ago
Huobi US shutdown

Huobi US Closes Doors After Weak Demand

The US partner of the Huobi exchange has decided to fold its business, due to low demand and liquidity. The HBUS platform will stop its operations after December 15. Huobi US Failed to...

Christine Vasileva | 5 days ago
crypto payments now legal in ukraine
Bitcoin Regulation

Crypto Payments Now Legal in Ukraine

Lawmakers in Ukraine have adopted new legislation that legalizes crypto payments as the country moves forward with strict compliance to international anti-money laundering (AML)...

Osato Avan-Nomayo | 6 days ago
south korea crypto tax
Bitcoin Regulation

Korean Government to Tax Crypto Capital Gains from 2020

The Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the...

Christine Vasileva | 6 days ago
Ukraine Gov't Collaborates with Crypto exchange

Ukraine Gov’t Collaborates with Belarusian Crypto Exchange

Ukraine’s Ministry of Digital Transformation has signed a memorandum of cooperation (MoC) with the Belarusian crypto exchange Ukraine Wants to Learn from Belarusian...

Anatol Antonovici | 1 week ago
russia crypto ban difficult
Bitcoin Regulation

Russia: De Facto Crypto Ban Will Be Hard to Achieve, Official Says

Russia may prohibit crypto payments for goods and services, but achieving such a ban might be quite difficult. This is the conclusion of Anatoly Aksakov, Chairman of the State Duma...

Anatol Antonovici | 2 weeks ago
russia crypto ban
Bitcoin Regulation

Why is Russia Mirroring China’s Anti Crypto Stance?

Reports are emerging that Russia’s stance on crypto has turned negative. The news comes in the wake of a week of FUD stemming from another ‘bitcoin ban’ in China. It is no...

Martin Young | 2 weeks ago
German banks to store bitcoin soon
Bitcoin Regulation

German Banks Could Store Bitcoin and Provide Crypto Services Soon

Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide...

Anatol Antonovici | 2 weeks ago
sec charging crypto firms
Bitcoin Regulation

SEC May Come Down Harder on Illegal Crypto ICOs

Two years on from the 2017 ICO craze and some crypto projects are calling it quits despite escaping harsh sanctions from regulators. Some commentators say authorities may be forced to...

Osato Avan-Nomayo | 2 weeks ago
hong kong cryptocurrency exchange regulation
Bitcoin Regulation

Crypto Exchange Regulations are Coming to Hong Kong

Financial regulators in Hong Kong will introduce clear cut rules to govern the operations of cryptocurrency exchanges. Meanwhile, reports show that fund managers continue to struggle...

Osato Avan-Nomayo | 1 month ago
The Chairman Of The CFTC Might Just Have Brought The Bitcoin Crash To An End

CFTC Chairman: Cryptoassets Other Than BTC and ETH Can Become...

Heath P. Tarbert, Chairman of the U.S. Commodity Futures Commission says cryptos classified as security tokens can become commodities. The CFTC chief also revealed that Ethereum...

Osato Avan-Nomayo | 2 months ago
Singapore Forensic Crypto Tracking

New Singapore Payment Services Act Includes Forensic Crypto Tracking

Financial regulators in Singapore are looking to implement robust crypto tracking as part of efforts to combat financial crimes. This move comes as authorities are set to introduce the...

Osato Avan-Nomayo | 2 months ago

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