Reserve Bank of Zimbabwe: ‘Bitcoin is Not Legal’
Reserve Bank of Zimbabwe (RBZ) director and registrar of banking institutions, Norman Mataruka, recently stated that Bitcoin was illegal and...
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.
Malaysian Government to Introduce Regulatory Framework for Cryptocurrencies
After China and South Korea started cracking down on cryptocurrencies and altcoin exchanges, a new report states that the Malaysian...
Nyet! Russian Minister Says Bitcoin May Never Be Legalized
Russian minister Nikolai Nikiforov says that it's likely that Russia will never legalize Bitcoin due to it being a "foreign...
China Bans Bitcoin Mining? Rumors Fly as Notices Appear In Press
Chinese Bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities. Bitcoin Mining Now 'Illegal'? Evidence surfacing...
Treasury Sec. Mnuchin Says ‘We’re Looking Closely’ at Bitcoin, Cryptocurrencies
In a potentially bearish signal for U.S. crypto users, the United States’ lead financial administrator said he’s concerned with the...
Iranian Government Plans to Implement Infrastructure for Bitcoin Usage
Iranian authorities are taking appropriate measures in order to implement an effective infrastructure for Bitcoin usage in Iran. Bypassing Regulations...
Chinese Cryptocurrency Traders Relocating to Other Asian Countries
After the recent clampdown by the Chinese government, many cryptocurrency operators are looking to relocate to other Asian countries that...
Michigan Man Busted for Unlicensed Bitcoin Exchange – Faces Jail Time
A man in Michigan is facing federal charges for operating an unlicensed Bitcoin exchange after selling over $55,000 USD of...
