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The state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act. Also read: Coinbase Exits as Hawaii Requires Bitcoin … Read more
The New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The US Wants South Korean Crypto Data The New York State Department of Financial … Read more
The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies … Read more
On January 29 the longstanding Chinese bitcoin company BTCC has announced it was acquired by a Hong Kong-based investment fund. The company explains its pivoting away from China so the business can grow more “aggressively” in 2018. Also read: AIER Researchers: Bitcoin’s Price Moves with News A Hong Kong Investment Fund Acquires BTCC The company BTCC … Read more
The number of cryptocurrency exchanges participating in self-regulation has nearly doubled in South Korea. The crypto self-regulation efforts are led by the Korean Blockchain Association which has recently launched with 66 members. The association also plans to develop standard price indices for the main cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 … Read more
Under mounting pressure to make decisions and take steps to clarify cryptocurrency matters, the Indian government may soon shed some light on one of many unclear aspects – taxation. Local media have turned the spotlight on Budget 2018, but lots of titles end with question marks. The new financial frame is to be presented next … Read more
Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC), and J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission (CFTC), have co-authored an opinion piece recently published by The Wall Street Journal. The article outlines a number of perceived problems facing the cryptocurrency sphere from the perspective … Read more
The South Korean National Pension Fund has been indirectly investing billions of won in cryptocurrency exchanges such as Upbit, Bithumb, and Korbit. This was revealed amid the country’s regulators continually releasing regulatory measures for cryptocurrencies. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Investments In Crypto Exchanges Amid South Korean regulators pushing … Read more
The Russian government is in the process of finalizing the federal law for the regulation of cryptocurrencies and initial coin offerings. The draft law has now been officially published. It regulates the creation, issuance, storage, and circulation of cryptocurrencies. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Legal Crypto Definitions The … Read more
This week another bitcoin-based clone is coming called ‘Bitcoin Atom,’ a project that joins the myriad of other BTC copycats that have allegedly copied the protocol since late 2017. According to the team, the BCA network will launch when the bitcoin core network processes block 505,888 or roughly around January 25. Also read: South Korean Card … Read more