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In a statement issued by the ministry on Dec. 29, 2017, the finance agency reiterated that there is a real and heightened risk of an investment bubble in the cryptocurrency market that is similar to Ponzi schemes.
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Despite the Indian government’s reluctance to embrace Bitcoin, the digital currency and its underlying Blockchain technology had a banner year.
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In her op-ed article that was published on Yahoo Finance in late December 2017, Sheila Bair said that governments should ensure that policies covering digital currencies shouldn’t feed the frenzy and should not make their own value judgments about Bitcoin. #NEWS
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Despite the government ramping up regulatory measures for bitcoin traders and exchanges, Indian entrepreneurs are rushing to set up companies with bitcoin or cryptocurrency-related words in their names. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Capitalizing on Crypto Indian entrepreneurs have been rushing to register businesses with the […]
The post Indian Entrepreneurs Rush to Launch Crypto Companies Following Bitcoin Boom appeared first on Bitcoin News.
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South Korean Government Concerned With Scams in Bitcoin Market as Fake Exchanges and Ponzi Schemes Emerge. #REGULATIONS
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The Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 3: Trying to Undo Satoshi by Wendy McElroy Wall Streeting Bitcoin (Chapter 3, Part 5) Bitcoin was supposed to demonstrate the power of a true free market. Instead it’s full of scams, rent-seekers, theft, useless for real purchases…. […]
The post The Satoshi Revolution – Chapter 3: Wall Streeting Bitcoin (Part 5) appeared first on Bitcoin News.
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The South Korean Financial Supervisory Service does not plan to regulate cryptocurrencies, citing the fact that virtual currencies are not “actual types of currency”.
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Russia has launched its first official Blockchain implementation for government, in a partnership between Sberbank and FAS. #NEWS
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Gibraltar launches a license for fintech startups using Blockchain .
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In its 152-page report, the FSOC stated that the virtual currencies are only utilized by a very small number of consumers and therefore pose no systemic risk.
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