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.

Tao Zhang, Deputy Managing Director of the International Monetary Fund
Bitcoin Regulation

Central Bank Digital Currency ‘Incredibly Rich Area’ Says...

Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF) has made a strong argument for the development of Central Bank Digital Currency (CBDCs). He asserts that as...

Trevor Smith | 2 weeks ago
Zimbabwe Cryptocurrency
Bitcoin Regulation

Zimbabwe Finally Decides to Regulate Cryptocurrency

Zimbabwe has long been a hive of cryptocurrency trading. But aside from some rumors after the government banned forex trading in Oct 2019, bitcoin’s fate in this country has been...

Christina Comben | 2 weeks ago
crypto india
Bitcoin Regulation

Crypto Now Legal In India? Not So Fast

Blockchain advocates have hailed the recent Indian Supreme Court’s pro-crypto ruling as a landmark for adoption and development. Now, new forces are emerging that seek to put the...

Trevor Smith | 3 weeks ago
Is Crypto the Answer to Australian Banks Invading User Privacy?
Bitcoin Regulation

Is Crypto the Answer to Australian Banks Invading User Privacy?

Reports are emerging of Australian banks demanding customers complete detailed invoices over their use of funds as a condition for honoring transactions. Time for crypto to take over...

Trevor Smith | 4 weeks ago
Crypto Trading is Now Legal in South Korea
Bitcoin Regulation

Crypto Trading is Now Legal in South Korea

South Korea’s parliament has officially recognized crypto trading as legal in the country. The move comes after two years of deliberations into how to develop concrete guidelines for...

Osato Avan-Nomayo | 4 weeks ago
bloomberg out, what crypto
News

With Mike Bloomberg Out, What’s Next for Crypto in the US?

Billionaire Michael Bloomberg who previously advocated for clearer crypto regulations has dropped out of the race to win the Democratic ticket for the November 2020 U.S. presidential...

Osato Avan-Nomayo | 4 weeks ago
Chainalysis Enables Coinfield Exchange To 'Know Your Transaction'
Bitcoin

Chainalysis Enables Coinfield Exchange To ‘Know Your...

Blockchain analysis company, Chainalysis, will provide crypto exchange CoinField with its Know-Your-Transaction (KYT) software, in a partnership announced yesterday. Chainalysis...

Emilio Janus | 1 month ago
New Jersey Politician Proposes Crypto Regulatory Act
Bitcoin Regulation

NJ Politician Proposes New Crypto Regulatory Act

New Jersey lawmaker Yvonne Lopez is concerned. There is a lack of consumer protection in the crypto space and she wants to put that right by introducing new regulatory measures. A Bill...

Christina Comben | 1 month ago
Russia FSB $450 million Bitcoin
Russia Crypto News

Russia Decides to Outlaw Crypto as a Means of Payment

Russia’s Federal Security Service (FSB), the successor of KGB, agreed with the Central Bank of Russia that cryptocurrencies should not be allowed as means of payments on the...

Anatol Antonovici | 1 month ago
Hurry Up and Regulate Crypto, FSB Chair Urges World Leaders
Bitcoin Regulation

Hurry Up and Regulate Crypto, FSB Chair Urges World Leaders

The Financial Stability Board (FSB) is asking global finance ministers to step up their efforts in creating regulatory frameworks for crypto and other innovative digital payment...

Julio Gil-Pulgar | 1 month ago
Netherlands Shares Bitcoin Mixer Probe Report With J5 Nations
Bitcoin

Netherlands Shares Bitcoin Mixer Probe Report With J5 Nations

The Dutch Government is sharing intelligence data, including that gathered during last year’s takedown of a Bitcoin mixing service, with four other countries. The Netherlands...

Emilio Janus | 1 month ago
SEC Files Motion For Sanctions Against Blockvest Founder
Bitcoin Regulation

SEC Forces Crypto Company to Return ICO Funds to Investors

The U.S. Security and Exchange Commission (SEC) has ruled that startup Enigma MPC violated federal securities laws when it conducted the ENG token ICO. The company must refund...

Trevor Smith | 1 month ago