Thursday, November 14, 2019

South Korean Banks Drop Crypto Accounts as Government Plans a Ban

South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will...

Cryptocurrency Hedge Fund Hit With Class Action Lawsuit

Monkey Capital, a Delaware-based company seeking to create a decentralized hedge fund, has been hit with a class action lawsuit alleging a fraudulent issuance...

South Korean Jury Deliberate on Auctioning Pornography Merchant’s Seized Bitcoin

South Korean Authorities are at crossroads over the decision on how to handle the approximately 216 bitcoin seized from a Korean web developer and...

Advocate Files for Immediate Regulation of Bitcoin in India

Advocate Bivas Chatterjee filed a public interest litigation (PIL) on Friday in the Calcutta court to immediately regulate the flow of Bitcoin in and out of India,...

215,000+ Sign Petition Against South Korean Crypto Regulation – Government to Respond

A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled...

Russian Bill Draft Requires Gov’t Officials To Declare Crypto Assets

In a recent interview with the Russian news outlet Gazeta, the chairman of the State Duma Committee on Financial Markets, Anatoly Aksakov stated that the...

Ukrainian Law May Separate Mining from Cryptocurrencies

Ukrainian legislators should separate the regulation of crypto mining from the legal status of cryptocurrencies. The new approach was proposed by the chairman of...

South Korea ‘Positively Considering’ Cryptocurrency Exchange Licenses

South Korea is now considering a licensing scheme for cryptocurrency exchanges in a major U-turn on its previous suggestion to ban them. Govt. To Debate...

Pump and Dump in Crypto: Cases, Measures, Warnings

The pump and dump, an age-old scheme to quickly raise the value of a worthless asset and then selling it to reap the profits...

Two Indian Token Marketplaces Suspend Trading Due to Regulatory Pressure

Two Indian crypto token marketplaces have announced that they will halt trading from March 5. The platforms state that this is due to regulatory...

Crypto Investment Firm Violates Securities Laws, Warns Philippines

The Philippines Securities and Exchange Commission (SEC) has issued a warning over a cryptocurrency investment platform that it alleges is offering unregistered securities. According to...

What It’s Really Like to Talk to the SEC About Your ICO

It didn't take long for Scott Nelson to realize he was only non-lawyer in the conference room. There amidst attorneys from various government agencies, including...

Venezuela Approves Decree on the Use of Cryptocurrencies

Venezuela’s National Constituent Assembly has approved the decree on the use of cryptocurrencies and the country’s new “oil-backed” currency, after repeatedly declaring the Petro...

SEC Official Criticizes State of ICO Industry, Open to Regulated Future

United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing...

Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt

Earlier this month, Bitgrail’s principal Franceso Firano attempted to reopen the Italian cryptocurrency exchange after $170 million in losses and during their legal sorting...

Japan’s Biggest Crypto Exchange Suspend New Accounts amid Stricter Regulation

Merely three days after the Japanese government and local financial authorities requested cryptocurrency exchanges to improve their infrastructures, bitFlyer, the country’s biggest cryptocurrency exchange,...

Ban U-Turn? India’s Central Bank Admits Crypto Regulation is Necessary

In a first, India’s central bank has called for the regulation of the domestic cryptocurrency sector during Friday’s hearing at the Supreme Court, weeks...

Final Draft of ICO Legislation Could Signify Next Step for Philippines Fintech Sector

The Philippine Securities and Exchange Commission (SEC) is due to unveil the hotly anticipated draft regulation for cryptocurrencies in the next few days, if the information...

Japan Approves Self-Regulation for Cryptocurrency Industry

Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. The Financial...

South Korean National Assembly Holds Regulation Debate With Local Crypto Exchanges

South Korea’s representative body, the National Assembly, has held a crypto regulation debate arranged by major local cryptocurrency exchanges, IT media oulet ZdNet Korea reports Monday, Dec. 10. According to local...

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Fidelity Charitable Received Over $100M in Crypto Donations Since 2015

Fidelity Charitable Received Over $100M in Crypto Donations Since 2015

Independent public charity Fidelity Charitable has received $100 million in cryptocurrency donations, according to its recently published report. In its “2019 Giving Report,” Fidelity Charitable...
Blockchain CEOs Fed Up With South Korean Regulation Approach: Report

Blockchain CEOs Fed Up With South Korean Regulation Approach: Report

South Korean Blockchain projects are ditching the domestic market due to regulatory headaches, mainstream media report. South Korean Blockchain Projects...
SEC Continues to Stall on BTC ETFs, All in Wait for Breakthrough

SEC Continues to Stall on BTC ETFs, All in Wait for Breakthrough

The long and uncertain road toward crypto exchange-traded funds (ETFs) being approved by the United States Securities and Exchange...
Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key

Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key

Bank of America is seeking to patent a “partitioned” security system for digital currency wallets that gives different users...
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Coinbase Admits Putting 3,500 Traders’ Crypto Funds at Risk

A bug could have lost the users of Coinbase a lot of money, confesses the exchange itself in its...