The Australian Securities and Investments Commission (ASIC) will update their guidelines to better reflect the evolving cryptocurrency industry, John Price, one of their commissioners, revealed in his speech at a fintech conference in Sydney on April 26. Price further cautioned any company planning to conduct an ICO against thinking of it as a way to avoid government regulation, while also expressing the commission’s commitment to fostering innovation in the fintech sector without sacrificing consumer protections. Prohibition Of Deceptive Conduct Having released Information Sheet 225 last year, the commission felt the need to update it to better reflect the current market and toPowered by WPeMatico
Residents and citizens of South Korea have formally requested the country’s government and the executive office of President Moon Jae-in, better known as the Blue House, to provide a cryptocurrency and blockchain regulation-free city within the country. For many years, the South Korean government has utilized a petition system to communicate with its citizens and potentially impose new regulations or make changes to existing policies based on their requests. Last year, local citizens filed a petition to the Blue House to revoke the announcement of Justice Minister Park banning cryptocurrency trading. The very next day, after more than 130,000 citizens had
The year 2018 started out great for cryptocurrencies. With most cryptos trading at record highs and awareness rising by the day, the world was coming to terms with this industry. However, things began to take a free fall in late January, and the market hasn’t recovered since. The factors contributing to this downward spiral have been many, but none have driven down the cryptocurrency universe like uncertainty regarding regulations from most regulatory bodies across the world. THE ASIAN FACTOR Asia’s significance to the cryptocurrency world can’t be overstated. With some of the biggest exchanges in the world including Binance, Bithumb, Upbit, Huobi, OKEx
The price of bitcoin fell in dramatic fashion yesterday following Google’s announcement that it would no longer support cryptocurrency and ICO-related ads. Prior, bitcoin had been trading for approximately $9,100, though following the search engine’s sudden decision, the price fell nearly $1,000 (eight percent), and it has been hovering at $8,200 ever since. For the most part, bitcoin is managing to hold its ground despite several resisting factors. Per Coindesk data, the asset fell to a new low of $7,676 late last night (the lowest it’s been since February), but it has since experienced a near $600-rise to place it
Jobs and applicants for employment in the cryptocurrency sector have increased substantially in India, despite current attitudes in Delhi towards bitcoin. Significant growth has been registered in the second half of last year, a period of great uncertainty about the crypto future of the country. This month Indian government reaffirmed its commitment to eliminate illicit […]
Cryptocurrency investments in Russian startups have increased 10 times in 2017 when entrepreneurs set in motion more than 100 crypto-funded projects, according to a new estimate. Ordinary working people, however, remain wary. Only 8% of them would like to see their salaries paid partially in crypto. Nevertheless, Russians are optimistic about bitcoin and most of […]