Weekly Digest: Bitcoin Price Inaction, India Ban, and Sanction Busting
The United Kingdom gained a new Prime Minister this week, voted for by Conservative party members. But will Boris be bad...
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: Crypto Won’t Receive Money Status Anytime Soon
Russia won’t officially legalize digital currencies in the near future, according to the conclusions of the participants of a “round...
Good News For Bakkt? NYDFS Announces Crypto-Licensing Division
The New York State Department of Financial Services (NYDFS) yesterday announced the creation of a new division for licensing crypto-businesses. The 'Research...
India Bitcoin Ban Recommendation Based on Flawed Arguments
WazirX founder Nischal Shetty believes that the recent IMC (Inter-Ministerial Committee) report put forward by the Indian government calling for...
How Bitcoin Is Subverting The System In China
For a lot of people in China, bitcoin is more than just a trading or investment vehicle. With the oppressive...
Bakkt Begins Bitcoin Futures User Testing ‘On Schedule’
Bakkt yesterday announced the start of user acceptance testing for its Bitcoin daily and monthly futures contracts. "Testing is proceeding...
Iran Gives Nod to Cryptocurrency Mining
Iran's government has given the green light to a cryptocurrency mining mechanism, thus recognizing the Bitcoin and crypto industry, local...
India: Gov’t Committee Recommends Blanket Cryptocurrency Ban
The Inter-Ministerial Committee (IMC) set up to look into bitcoin and cryptocurrency regulations in India says the government should ban...
