Crypto Regulation – Page 37

Is an Autonomous and Self-Regulating Crypto Industry Really Possible?

Regulation of the cryptocurrency industry is a divisive issue, with some being in full support while others view it as going against Satoshi Nakamoto’s vision of a self-regulating industry. Those who support regulation see it as the only way cryptos can go mainstream and attract institutional investment. There is no denying that cryptos have been […]

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Reserve Bank of Zimbabwe Defends Decision to Shut Down Crypto Exchange

The Reserve Bank of Zimbabwe (RBZ) has filed an affidavit with the country’s High Court seeking to have the court uphold its decision to shut down the country’s largest crypto exchange, Golix.com. The RBZ filed the affidavit through its governor, John Mangudya, on June 8, reports local media outlet Pindula News. The country’s financial services […]

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LocalBitcoins Updates Terms of Service to Comply with New European Regulations

In a move necessitated by new regulations on data protection, one of the most popular P2P crypto platforms is updating its terms of service. Headquartered in Helsinki, Finland, LocalBitcoins stated in a blog post that the move would increase transparency in how it provides its services and ensure that it’s compliant with the EU’s soon-to-be-enforced General Data Protection Regulation (GDPR). The new regulation will come into effect on May 25, and the platform has asked all its users to acquaint themselves with the new terms of service as well as the revised privacy policy by that date. ID To Be Required In Select Situations

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Zimbabwe Bans Commercial Banks from Processing Crypto Transactions

The Reserve Bank of Zimbabwe has ordered all financial institutions in the country to stop engaging in all cryptocurrency transactions immediately. In a circular issued to institutions, the regulator ordered commercial banks to sever any and all financial relationships with crypto-related firms such as exchanges in the next 60 days. According to local media, the central bank took the measure to protect the public and safeguard the integrity and soundness of the financial system. Trade Cryptos At Your Own Risk The circular was explicit as to the activities that will be prohibited henceforth, and they include maintaining accounts and trading with

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Crypto Conference for Women to Be Held in Moscow

Crypto Conference for Women to Be Held in Moscow A conference dedicated to raising awareness among women about cryptocurrencies is scheduled to take place in the Russian capital this month. The speakers at the event, also women, will share practical information on cryptos, blockchain technologies, and investment opportunities. The event will be live-streamed in 74 countries. Also read: Cryptocurrency Is the Main Income for […]

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Bill “On Digital Assets” Filed in the Duma, Disagreements Resolved

Bill “On Digital Assets” Filed In the Duma, Disagreements Resolved The draft-law “On digital financial assets” aimed at regulating crypto-related matters in Russia has been officially filed in the State Duma on Tuesday. Disagreements between the Central Bank and the Ministry of Finance have been resolved, according to Deputy Finance Minister Alexei Moiseev. The CBR will have the final say in regards to the circulation […]

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Ukraine to Legalize Crypto Mining as Economic Activity

Ukraine to Legalize Crypto Mining as Economic Activity The government in Kiev has taken concrete steps to legalize cryptocurrency mining. Ukraine’s Minister of Economy has ordered several ministries, agencies, and the National Bank to prepare the documents necessary to include mining in the state register of economic activities. Also read: Ukraine’s Financial Watchdog Clarifies Stance on Cryptos Easing the Pressure on the Crypto […]

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Japan to Call for Crypto Rules at the G20 Summit

Japan to Call for Crypto Rules at the G20 Summit Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union. […]

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Russian Ministry Offers to Set Up Crypto Exchange for Miners

Russian Ministry Offers to Set Up Crypto Exchange for Miners Russia’s Ministry of Telecom and Mass Communications has put forward the idea to set up a cryptocurrency exchange, where Russian miners can trade their digital coins for fiat money. The ministry has held consultations with representatives of the crypto sector and prepared a comprehensive concept to regulate the mining industry. Also read: Two Russian Regions […]

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Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January

Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January The government of Vietnam has taken steps to accelerate the adoption of cryptocurrency regulation that will affect Bitcoin. The executive power in Hanoi has insisted that the framework should be ready by the end of January. Amendments to the tax code are expected to help tap into proceeds from “virtual property and digital money”. Also […]

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