Thursday, December 13, 2018

Malaysia: Finance Regulator, Central Bank Say Cryptocurrency Regulation ‘Being Put in Place’

Malaysia’s finance regulator and central bank issued a joint press statement Dec. 6 in which they confirmed they were “putting in place” legislation on cryptocurrency and Initial Coin Offering (ICO) assets. The...

US Congressmen Introduce Two Bills to Prevent Crypto Price Manipulation

Two U.S. Congressmen have introduced bipartisan bills to prevent crypto price manipulation and boost acceptance of the tech. Representatives Darren Soto (Democrat) and Ted Budd...

G20 Summit: We Will Regulate Cryptocurrencies ‘In Line with FATF Standards’

G20 countries have agreed to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards at the second session of the summit held...

SEC’s Next Move: Social Media Influencers Who Promoted Crypto ICOs

The U.S. Securities and Exchange Commission (SEC) is actively cracking down on crypto initial coin offering (ICO) projects and a top official said earlier this year that dozens...

Belarus: High Tech Park Releases ‘Complete Legal Regulations’ for Cryptocurrencies

Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market...

Malaysia Plans to Enact Crypto Regulation in Q1 2019, Finance Minister Reports

Malaysia will enact regulations for cryptocurrency and Initial Coin Offerings (ICO) in Q1 2019, local English-language news media outlet The Star reported Nov. 28. The publication quoted finance...

Nigeria’s Biggest Opposition Candidate Promises Cryptocurrency Regulation

Ahead of Nigeria’s general elections in February 2019, Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP)-  the country’s largest opposition party...

UK Regulators Plan “Comprehensive Response” to Illicit Crypto Use

Christopher Woolard of the United Kingdom (UK) Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive response” to the illicit...

Venezuela: Parliament Approves Crypto Bill to Combat ‘Financial Blockade’

The Constituent National Assembly of Venezuela has approved a bill on cryptocurrency regulation, the country’s Ministry for Communication and Information reported Nov. 21. The law was proposed by the country’s leader...

Crypto Bear Market Gives UK Regulators Breathing Space to Finalize Crypto Regulation

The cryptocurrency market crash has eased pressure on the U.K.’s financial regulator to introduce hasty new rules for the sector, Reuters reported Nov. 20. As Reuters outlines, the...

India to [Finally] Draft Cryptocurrency Regulations in December: Report

After years of ambiguity, the Indian government might, at last, reveal a regulatory draft for the cryptocurrency sector in the country before the turn...

Singapore’s Central Bank Finalizes Regulatory Framework for Crypto Payment Services

The Monetary Authority of Singapore (MAS), the country’s central bank, has broadened its regulatory regime for payment providers to bring certain cryptocurrencies under its jurisdiction. The...

Smart Contract Developers May Be Held Liable by the SEC

Nick Szabo invented them but has reservations about what they’ve become. Vitalik Buterin adopted them but now regrets using their name. Dangerous when coded...

Canadian House Finance Committee Recommends Crypto Regulation to Prevent Money Laundering

The Canadian House Finance Committee has recommended that the government start regulating cryptocurrencies to prevent money laundering, Canadian digital newspaper iPolitics reports Nov. 14. According to iPolitics, the Canadian...

In bigger crackdown of crypto abuses, SEC goes after unregistered coin offerings

The Securities and Exchange Commission announced its first civil penalties on Friday against crypto founders who failed to register new coin offerings, part of...

Poles to Pay 19% Tax on Income From Cryptocurrency Transactions

The government of Poland recently submitted amended income tax regulations for approval by President Andrzej Duda. The updated framework, which includes provisions referring to...

Ohio Congressman Wants to Allow ICOs to ‘Sidestep’ Securities Laws

Ohio Congressman Warren Davidson plans to introduce a bill that would allow Initial Coin Offerings (ICOs) to “sidestep” U.S. securities laws, according to a report from Washington Examiner...

State of Regulation in South Korea: Banks Required to Provide Fair Services to Crypto...

On October 30, South Korea’s main financial authority officially cleared banks to work with crypto exchanges for the first time in history, establishing a major milestone...

Vietnam at Crossroads on Cryptocurrency Regulations

Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the...

Korean Exchange Terminating After Regulator Crackdown

Cryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange...

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China: Shenzhen Special Economic Zone to Use Blockchain for Electronic Tax Invoices

Shenzhen, a major city in the Guangdong Province and the first economic special zone in  China, will use blockchain technology for electronic tax invoices. This development...

The Netherlands to Regulate Cryptocurrencies to Curb Money Laundering

The Netherlands is seeking to regulate cryptocurrency companies, supposedly in a bid to prevent money laundering and alleged terrorist financing. All virtual currency businesses...