• Six months ago, South Korea — one of the largest cryptocurrency markets in the world — banned the issuance of new cryptocurrencies. However, that hasn’t stopped South Korean blockchain entrepreneurs from circumventing the country’s restrictions by launching Initial Coin Offerings (ICOs) overseas. Chased Out In September, the cryptocurrency hotspot of South Korea officially banned Initial Coin Offerings (ICOs) within its borders. Some blockchain companies, however, are skirting such restrictions by issuing their coins and tokens abroad.

    How Icon (ICX) and Others Skirt South Korean Restrictions

    | 2018/04/18 10:30 pm
  • The SAFT may be a cousin of the SAFE – but the relationship comes with strings attached and anyone considering doing down the rabbit hole should consider potential implications very carefully. The rise of ICOs has been difficult to ignore. What was once seen as a gimmick is now threatening to reshape the fundraising industry. This is particularly the case for VCs and investors who are concerned with very early stage investments. The fear of

    SAFT – The Not So ‘Simple Agreement for Future Tokens’

    | 2018/04/15 3:00 am
  • Due to complaints received, the Ontario Securities Commission in Canada is in the process of investigating crypto exchanges in a bid to ensure that they are adhering to the country’s securities laws. The amount of different digital currencies available to trade has increased exponentially since Bitcoin was developed in 2009. In fact, the latter went from being the dominant crypto to being responsible for less than 50% of the total market cap. This variety of

    Canada Keeping Their Eye on Unauthorized Exchanges

    | 2018/04/07 10:30 pm
  • Chelan County in Washington is taking a stand against unauthorized crypto mining. Its Public Utility District (PUD) has started by cutting miners’ power, and are moving towards possibly imposing heavy fines. Earlier this year saw the little town of Wenatchee in Chelan County shine in the crypto spotlight as being a preferred destination for Bitcoin mining. Now, the county is once again the focus, but for a slightly different reason – illegal cryptocurrency mining Action Taken

    A Washington County is Taking Steps to Halt Illegal Cryptocurrency Mining

    | 2018/04/06 4:00 am
  • Tennessee has become the latest U.S state to pass a bill recognizing the legal authority of blockchain technology and smart contracts in conducting electronic transactions. The bill was passed by Tennessee Governor, Bill Haslam on March 26th, 2018, confirming the legal authority of blockchain and smart contract powered electronic transactions and also protecting the ownership rights of “certain information secured by blockchain technology.” Immutable and Auditable An amendment clarifies the application of the bill to:

    Smart Contracts are Seeping into U.S Law – Tennessee Passes Bill

    | 2018/04/02 1:00 am
  • The Clarifying Lawful Overseas Use of Data (CLOUD) Act was passed along with the federal spending bill on Friday, March 23rd, 2018. The act allows law enforcement agencies to demand access to online information from any country in the world. The CLOUD Act was introduced by Republican Senator Orrin Hatch, with the support of both Republican and Democratic Senators. It allows law enforcement agencies an easier route to access users electronic data such as emails,

    U.S. Congress Quietly Passes CLOUD Act to Increase Gov’t Access to Online Info

    | 2018/03/25 1:00 am
  • Cryptocurrencies, or at least defining the term, seem to be a hot topic at the current G20 summit. In fact, it seems that the group is pushing to define them as assets and not currencies at all. According to Bloomberg, this will be discussed on Tuesday. However, a draft statement shows that the group believes that cryptocurrencies “lack the traits of sovereign currencies”, and therefore should not be referred to as such. Klaas Knot, who

    G20 Set to Determine if Cryptocurrencies Should be Defined as Assets

    | 2018/03/20 9:00 pm
  • The head of the Bank of England Mark Carney has told members of the G20 that cryptoassets “do not pose risks to global financial stability.” Carney: Crypto Is No Match For Credit Default In a statement released Sunday a day before the group begins a summit in Argentina, Carney appeared to broadly copy the approach to crypto regulation seen from US regulators in February. He was speaking in his capacity as head of international banking

    Never Mind The Bitcoins: Carney Tells G20 Cryptoassets ‘Pose No Risk’

    | 2018/03/19 5:30 am
  • The Securities and Exchange Commision (SEC) has issued a new report warning about the dangers of unregulated crypto exchanges and stated that all trading platforms exchanging digital assets that are considered securities must register with the SEC.  Does That Mean ALL Exchanges Have to Register with the SEC? On March 7, 2018, the U.S. Securities and Exchange Commision (SEC) published a new report regarding the current state of cryptocurrency exchanges and the potential risks for investors.

    New SEC Report: Cryptocurrency Exchanges Trading Security Tokens Must Register

    | 2018/03/11 12:00 am
  • Four out of the five banks that Finnish-based Prasos Oy uses for their business has severed ties with the exchange, citing money laundering fears as the main reason. Prasos Oy has become a well-known name in the Nordic region’s crypto circuit. The platform relies on the country’s centralized banks to assist in converting their clients’ cryptos into euros. They also run Coinmotion.com and Bittiraha.fi. #Bitcoin dealer #PrasosOy, has one lifeline left. The company exchanges #cryptocurrencies

    Finnish Crypto Exchange Prasos Oy’s Trading Days May Be Numbered

    | 2018/03/09 11:00 pm
  • Many have predicted that 2018 will be the year regulators get well and truly involved the emerging cryptocurrency market. Thus far, that certainly seems to be the case. Regulation Is Here, but Is It a Bad Thing? As we ushered in the new year, South Korea laid down regulation which prevents anonymous trading, while China went right ahead and banned trading entirely. Meanwhile, financial authorities in Germany and France have called for an international crackdown

    2018 Will Be the Year of Cryptocurrency Regulation, But is That a Bad Thing?

    | 2018/03/09 6:00 pm
  • Georgia may be joining the few states that will allow for the use of cryptocurrency to make tax payments if Senate Bill 464 passes. A growing number of US states are opening up to accepting cryptocurrency. Doubtless they wish to reap some of the financial benefits that the crypto world has to offer. This is totally understandable as the market capitalization for virtual currency stands at almost $444 billion at the time of writing. As

    Georgia Bill to Allow Tax Payments with Cryptocurrency

    | 2018/02/24 6:00 am
  • As debate rages upon the subject of gun control, a professor at Washington State University has suggested using blockchain technology to make an impact. The topic of gun control has become a hot topic once again in the United States due to the recent school shooting in Florida. As pundits from both ideological sides of the issue rage back and forth, a new wrinkle has emerged: blockchain technology. A professor of public health at Washington

    Could Blockchain Impact Gun Control?

    | 2018/02/23 4:45 am
  • While other European countries seek stricter regulations on cryptocurrencies, Spain looks to follow Switzerland’s lead and charge ahead of the curve by proposing crypto-friendly legislation. Spain on the Blockchain Spanish Prime Minister Mariano Rajoy’s People’s Party is ready to throw their full weight behind blockchain technology. The conservative party claims to be preparing crypto-friendly legislation with aims to entice blockchain companies, particularly by including tax breaks. According to Bloomberg, Teodoro Garcia Egea — the lawmaker

    Spain Seeks to Pass Crypto-Friendly Legislation

    | 2018/02/18 11:00 am
  • All over the world, legislators, financial experts, and academics are bewildered by the spectacular growth of Bitcoin and the cryptocurrency market. They now realize that financial regulatory agencies lack sufficient experience and authority with cryptocurrencies; therefore, these agencies are unable to perform their oversight duties. As a result, some are even mulling over the creation of a new regulatory agency. However, more regulation will undoubtedly hinder the growth of the crypto space. SEC and CFTC’s Obsolete

    Financial Regulators Are Unable to Control the Crypto Market

    | 2018/02/16 6:00 pm
  • As Bitcoin becomes more and more viable, states like Tennessee and Arizona are racing to pass cryptocurrency-friendly legislation in an effort to become the blockchain capital of the country. On the Books Bitcoin’s quest for legitimacy is set to be aided significantly by the state of Tennessee, which looks to officially accept electronic cryptocurrency payments for financial transactions. Though it is currently not illegal to conduct business transactions with Bitcoin in The Volunteer State, Democrat

    These US States Are Racing to Become the Country’s Crypto Capitol

    | 2018/02/08 3:00 pm
  • The CFTC Chairman just told the Senate Banking Committee he wants to respect the new generation in his approach to blockchain and crypto regulation. On January 6, 2018, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, sat in front of the Senate Banking Committee and presented testimony on cryptocurrency and blockchain regulation. This is actually testimony that was published in written format yesterday (and that’s available here, for anyone that

    The Chairman Of The CFTC Might Just Have Brought The Bitcoin Crash To An End

    | 2018/02/06 2:45 pm
  • After much “will they or won’t they”, the South Korean government has finally implemented cryptocurrency trading regulations. What will that mean for the crypto market? Let’s find out. The big news in the cryptocurrency space today is that the long-awaited South Korean regulations have come into effect. This is a topic that made headlines earlier this month when rumors that the South Korean government would implement an outright ban on cryptocurrency hit the press. These

    Here’s What The South Korean Regulations Mean For The Cryptocurrency Market

    | 2018/01/30 6:00 pm
  • A new draft law has been presented in Russia which proposes the regulation and production of cryptocurrencies and digital assets.  Regulating Cryptocurrencies A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors. The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICOs, mining, and trading. The law was also proposed in order to curb or stop illicit

    Russia Plans to Regulate Production and Control of Cryptocurrencies

    | 2018/01/28 9:30 pm
  • China’s People’s University Law School vice-president Yang Dong has let slip the country is preparing new regulation on cryptocurrency and ICOs for 2018. Sorting ‘Good’ From ‘Bad’ ICOs Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further “denied” a blanket ban on cryptocurrency trading and ICOs would continue indefinitely. China has enacted a major clampdown on how citizens can legally access and trade cryptocurrency in

    Chinese Official: New Regulations for 2018 May End ICO Ban

    | 2018/01/25 12:00 pm
  • Countries across the world remain divided over the cryptocurrency revolution that has emerged over the past year. Some, such as China, strive to eradicate all instances of it, but others, including Switzerland, are embracing the blockchain with open arms. Ahead of a potential crypto G20 summit which could result in a wave of regulatory action, Switzerland has emerged in full support of the technology as voiced via Economics Minister Johann Schneider-Ammann. Crypto Nation The affluent

    Switzerland Wants a Crypto-Nation, France and Germany Want Regulation

    | 2018/01/20 4:00 am
  • Blockchains and cryptocurrencies are here to stay, and banks and governments are concerned. With the momentum that the budding markets have built in recent months, digital assets like Bitcoin, Ethereum, Litecoin, and Ripple have become household names. However, crypto regulation does not necessarily have to mean prevention if it can be approached in the right way. In recent weeks, news has emerged of steps concerning crypto regulation taking place across the world, most significantly in

    Why Crypto Regulation Should Not Mean Prohibition

    | 2018/01/15 4:30 am
  • With regulation coming thick and fast across Asia the effects on the markets can be seen instantly. Last week a bucket-load of FUD caused a sell-off when a number of large news agencies misreported that South Korea was banning crypto trading. This wasn’t the case at all and the country remains open. Russia could soon be joining them as it prepares to vote on legalizing crypto exchanges. According to Newsweek, citing Russian media, the Ministry

    Russia Set to Vote on Legalizing Cryptocurrency

    | 2018/01/15 2:00 am