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Five writ petitions have now been filed against the order by the Reserve Bank of India (RBI) banning banks from providing services to entities dealing with cryptocurrencies. The country’s Supreme Court has set a date to hear all petitions but has barred all other courts from accepting any new ones. Also read: US State Issues Emergency […]
The post Five Petitions Pile Up Against India’s Crypto Crackdown – High Courts Ordered to Ignore appeared first on Bitcoin News.
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The South Korean government reportedly plans to soften its crypto regulations in line with the policies set by the G20 nations in an effort to create “unified regulations.” The Korean regulators have also agreed to apply the standards set by the Financial Action Task Force to its crypto policies. Also read: Yahoo! Japan Confirms Entrance Into […]
The post South Korea to Follow G20 Unified Cryptocurrency Regulations appeared first on Bitcoin News.
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Russia’s Prime Minister Dmitry Medvedev has shed some light on the progress authorities are making towards adopting the long-awaited crypto regulations. Legislators will replace common words like “cryptocurrencies” and “tokens” with legal terms such as “digital money” and “digital rights”, he revealed. Two draft laws have been filed in the Duma. One of the bills […]
The post Cryptocurrencies to be Called “Digital Money” in Russia, Tokens – “Digital Rights” appeared first on Bitcoin News.
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In an effort to get ahead of the next round of scams, the US Securities and Exchange Commission (SEC) created and published its own version of an initial coin offering (ICO) scam website. It’s a rather innovative way at approaching investor education in the brave new world of cryptocurrency. Also read: Federal Reserve Pres: People […]
The post US Government Launches Scam Crypto Site appeared first on Bitcoin News.
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Thailand’s Revenue Department has announced that it will waive the 7% value-added tax for individual cryptocurrency investors. The country began regulating digital currencies and initial coin offerings on Monday, putting the Thai Securities and Exchange Commission (SEC) in charge of the regulations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space VAT Exemption The decree […]
The post Thailand Waives 7% VAT for Individual Cryptocurrency Investors appeared first on Bitcoin News.
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Thailand is looking to enforce its own version of regulation regarding cryptocurrencies. That is much easier said than done, as this new form of money doesn’t adhere to existing guidelines. As was to be expected, the new regulations on cryptocurrencies and ICOs are rather strong. In fact, anyone violating these laws faces major fines and even jail sentences. Thailand Means Business Although the cryptocurrency regulation in Thailand may sound severe, it is not all that bad when people stick to the basic rules. Bitcoin and altcoins will not be banned, and trading will not be prohibited under any circumstances. That in itself isPowered by WPeMatico
A directive affecting the crypto sector in Europe has been adopted by the EU Council. The document updates the anti-money laundering legislation of the European Union to address, among other issues, “the risks linked to virtual currencies.” The new rules aim to reduce anonymity for both users and transactions with requirements for know-your-customer procedures that […]
The post EU Adopts Rules to Reduce Anonymity for Crypto Users appeared first on Bitcoin News.
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South Korea’s government is widening its probe on cryptocurrency exchanges, particularly the use of corporate accounts which the regulators say can lead to money laundering. This announcement follows the prosecutors launching an investigation on the country’s largest crypto exchange, Upbit. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Widening the Crypto Probe South Korea’s […]
The post Korean Regulators Widen Investigation of Cryptocurrency Exchanges appeared first on Bitcoin News.
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The decree to regulate cryptocurrencies and initial coin offerings in Thailand goes into effect on Monday. The government has also revised the country’s tax code to add crypto taxation. Sellers of digital tokens will face a fine or even jail time if they fail to register with the regulator within 90 days. Also read: Yahoo! Japan […]
The post Thailand Commences Cryptocurrency Regulations Today appeared first on Bitcoin News.
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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 […]
The post Pakistanis Find Ways to Trade Bitcoin Rendering Ban Ineffective appeared first on Bitcoin News.
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