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Tag Archives: Regulation

Exchanges Round-Up: Coinbundle Approved for Licensing in PH, MAS to Review Regulations, Okex Suspends Withdrawals

In recent news relating to cryptocurrency exchanges, Coinbundle has received approval for licensing in The Philippines, the Monetary Authority of Singapore has issued a consultation paper regarding its intention to update its regulatory apparatus for cryptocurrency exchanges, and Okex has announced that it has remedied the error that caused it abruptly to suspend withdrawals and […]

Pakistanis Find Ways to Trade Bitcoin Rendering Ban Ineffective

The crypto ban in Pakistan is proving to be not as effective as expected. If anything, the State Bank has barred commercial banks and financial firms from dealing in cryptocurrency which, of course, makes life harder for local exchanges. Individual traders, however, are finding alternative ways to acquire or sell cryptocurrencies, defying the warnings and […]

Ethereum Founder Responds to Charges of “Insane”, “Plutocratic” Governance

Vitalik Buterin, Ethereum’s cofounder, is increasingly finding himself target of very public rumors about his role in the project’s supposed love of secrecy. Charges of lacking transparency are equivalent to mortal sins in the cryptocurrency space. Ethereum too is particularly sensitive about accusations along these lines, especially in the ongoing light of a possible US […]

Cblocks Moves to Canada Citing Regulatory Hurdles

Miami-based Cblocks has announced that it will relocate to Canada, citing a lack of regulatory clarity regarding cryptocurrency in the United States as the principal catalyst for the move. Also Read: South Korean Top Regulator Considers Easing Cryptocurrency Regulations Cblocks to Relocate to Canada Cblocks, a Miami-based company that generated $32,000 in a month through selling […]

Azerbaijan to Tax Crypto Incomes and Profits

Gains from cryptocurrency transactions will be taxed in Azerbaijan, according to a high-ranking official from the Tax Ministry. Authorities in the energy-rich nation intend to tap into both corporate profits and personal incomes. The country has previously taken a conservative stance on cryptocurrencies but the focus on taxation now signals a change in Baku.  Also […]

Iran Continues to Develop State Cryptocurrency Despite Central Bank Ban

Iran has been developing its own cryptocurrency, a project which has yielded an experimental local crypto, despite the country’s central bank banning banks from dealing with cryptocurrencies. Iran’s Information and Communications Technology Minister has shed light on the project, commented on its alleged use to evade sanctions, and clarified the central bank’s action. Also read: Yahoo! […]

Binance, Bermuda Ink $15 Million Crypto Investment Agreement

Bermuda has signed a Memorandum of Understanding with Binance to develop a global compliance center in the British Overseas Territory.

Regulatory Clarity Should Lead to More Capital Investment in Crypto: Panel

The Distributed Markets conference took place in Chicago on April 23, 2018, and featured an array of blockchain and financial experts working to shed light on opportunities and changes happening in the cryptocurrency space. Among the main goals of the conference was to educate attendees on how they could integrate blockchain technology into their businesses, […]

US Congressman: ‘Race to Regulate’ Won’t Solve Crypto Fraud

While fraud and ‘bad actors’ are a concern in the crypto industry, US Rep. Patrick McHenry says Congress should not rush to regulate.

“Venture Capital Working Group” Seeks Select Cryptocurrency “Safe Harbor”

Several venture capitalists (VCs) and entrepreneurs have been petitioning federal authorities to see certain virtual currencies in a “different light.” Right now, many cryptocurrencies are in danger of being classified as “securities,” which would place them under strict regulatory scrutiny. Working to change this, venture capital firms Andreessen Horowitz and Union Square Ventures have gathered […]