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.

Russia Might Finally Adopt Crypto Law This Spring
Russia Crypto News

Russia Might Finally Adopt Crypto Law This Spring

Russia’s State Duma (lower house of the parliament) might adopt the law on digital financial assets in the spring session, an official believes. Digital Assets to Have Legal...

Anatol Antonovici | 1 week ago
crypto donations IRS
News

IRS Says Charity Crypto Donations Must be Declared

Recently, the US government’s revenue service, the IRS made a few changes to its set of FAQs on crypto assets. Charity organizations that are generally exempted from tax...

Himadri Saha | 3 weeks ago
China Might Adjust FX Regulation for Cryptos
News

China Might Adjust FX Regulation for Cryptos

China is about to broaden the scope of its blockchain pilot in cross-border financing, Reuters reported Tuesday, citing a government official. Besides, China might reform the foreign...

Anatol Antonovici | 4 weeks ago
Congress bitcoin cryptocurrency
Legislation

US Congress to Consider Cryptocurrency Act in 2020

The U.S. cryptocurrency scene might be on the way to seeing clear cut crypto regulations as Congress prepares to consider a new bill detailing modalities for digital asset oversight...

Osato Avan-Nomayo | 1 month ago
Germany issue new crypto regulations
Bitcoin Regulation

Germany To Issue Crypto Regulations On January 1 2020

The Amended Directive to the Fourth EU Money Laundering Directive will go into force in Germany on January 1, 2020. Some of the key changes affect how the German Banking Act and...

Emilio Janus | 1 month ago
Basel to establish global crypto standard
News

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 month ago
Huobi US shutdown
News

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 | 1 month 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 | 1 month 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 | 1 month ago
Ukraine Gov't Collaborates with Crypto exchange
News

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 Currency.com. Ukraine Wants to Learn from Belarusian...

Anatol Antonovici | 2 months 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 months 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 months ago