New York State Extends ‘Virtual Currency License’ to Coinsource
A November 1st press release from New York State's Department of Financial Services shows that the dept. granted a virtual currency...
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.
Hong Kong Crypto Exchanges Coming Under Increased Regulatory Scrutiny
The Securities and Futures Commission (SFC) of Hong Kong appears set to adopt a new approach to regulating the local...
Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies
The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency....
UK Fintech Industry Slams Govt’s ‘Blunt Instrument Approach’ To Cryptocurrency
The UK could compromise its fintech sector with “very blunt instrument” regulation currently under consideration, a new report from several...
The SEC Wants to Engage the Crypto Community through FinHub
The launch of FinHub shows that the US Securities Exchange Commission (SEC) is increasingly focusing on 4th Industrial Revolution technologies. Among...
Bitcoin is Permitted by Law, Chinese Arbitration Court Says
The Shenzhen Court of International Arbitration recently issued a ruling saying there is no prohibition against Bitcoin ownership and transfer...
Japan’s Financial Watchdog Plans to Limit Leverage For All Crypto Trades
The Financial Services Agency (FSA) of Japan plans to cap the leverage for cryptocurrency margin trading. Capping Cryptocurrency Margin Trading...
UnoCoin Founder Arrested For Operating India’s First Bitcoin ATM
Police in Bengaluru, India recently arrested UnoCoin cofounder Harish BV for "illegally" operating a Bitcoin ATM in the city barely...
