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The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against “a virtual currency know as My Big Coin (MBC).” The CFTC alleges that the company raised more than $6 million USD by making false and misleading claims regarding the cryptocurrency’s utility and backing. Also Read: Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 Billion […]
The post CFTC Files Against ‘My Big Coin’ for Scamming $6 Million USD appeared first on Bitcoin News.
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The South Korean Communications Commission has conducted a survey of major cryptocurrency exchanges in the country and found them to have insufficient customer data protection. Eight exchanges have been sanctioned, with 30 days to resolve their issues and safeguard their systems. Also read: Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March […]
The post All Major Korean Cryptocurrency Exchanges Fail Privacy Tests – 30 Days to Improve appeared first on Bitcoin News.
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Driverless vehicles have proven to be an interesting, albeit somewhat worrisome trend. Especially when it comes to drafting new regulations and guidelines for such vehicles, the topic has proven to be rather controversial. In China, the first draft of national rules pertaining to testing autonomous vehicles has been presented to the public. There is still plenty of room for improvement, but the main objective is now to collect feedback from industry experts. Legislating Autonomous Vehicle Testing in China The first draft of the rules offered by the Ministry of Transport, Ministry of Public Security, and other institutions is a big stepPowered by WPeMatico
Europe has always been a relatively tepid market when it comes to Bitcoin and other cryptocurrencies. It almost seems as if there is a genuine disinterest in what this new form of money can mean for Europeans. That situation may soon come to change, as Japan’s bitFlyer exchange is expanding to Europe. More competition among European cryptocurrency exchanges can only be a positive development for the industry as a whole. A Bold Plan by bitFlyer Cryptocurrency enthusiasts all over the world have come across the name bitFlyer at some point or another. The company, which is based in Tokyo, Japan, hasPowered by WPeMatico
The South Korean prime minister has ordered a new code of conduct to be prepared and implemented specifically to address the actions of government employees regarding cryptocurrency regulations. This follows the recent case of possible insider trading which is being investigated. Also read: Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March […]
The post South Korean Prime Minister Imposes Crypto Code of Conduct on Government Officials appeared first on Bitcoin News.
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It seems there is still a fair amount of confusion as to what South Korean regulators aim to do about cryptocurrencies. With new regulations going into effect later this week, it is due time to clarify a few things. First of all, there will no longer be an option to trade cryptocurrencies anonymously. Additionally, it seems that exchanges will now have a minimum age requirement. Neither of these developments impacts cryptocurrency in a negative way, though. The Future of Cryptocurrencies in South Korea It is good to see South Korean regulators impose new requirements when it comes to the trading of cryptocurrencies. Nevertheless,Powered by WPeMatico
The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In addition to details of the new real-name system to end anonymous trading of cryptocurrencies, the government also published its anti-money laundering guidelines for banks providing services to cryptocurrency exchanges. Also read: Cryptocurrency Activities Will Be Legal and […]
The post South Korea Releases Official Guidelines for Cryptocurrency Exchanges and Banks appeared first on Bitcoin News.
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There may a storm brewing for shady companies intent on jumping on the blockchain bandwagon. Startups with no working product seeking to raise millions, or traditional companies rebranding themselves as blockchain connoisseurs are liable to attract the ire of the U.S. Securities and Exchange Commission. In a speech delivered in Washington on Monday, SEC chairman […]
The post SEC Chairman Signals a Storm Coming for Fly-by-Night Blockchain ICOs appeared first on Bitcoin News.
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As News.Bitcoin.com learned two weeks ago, one of Europe’s largest banks, Nordea, will enact a company-wide policy to effectively ban its employees from owning or trading in cryptocurrency. Citing risks and perhaps looming regulation, the bank decided to act preemptively. Also read: Whistleblower Details Big Bank’s Plans to Prohibit Employees Owning Bitcoin Nordea Bank Bans […]
The post Northern European Bank Nordea Confirms Bitcoin Ban for Employees appeared first on Bitcoin News.
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Governments worldwide have been ramping up regulations for cryptocurrencies and hiring research and blockchain surveillance teams. One firm that tracks transactions on the Bitcoin Core blockchain is called Chainalysis, and this year the company has gathered over a half a million USD on record from various government and law enforcement entities. Also read: South Korean Exchange […]
The post Your Taxes Paid for a Lot of Blockchain Surveillance Last Year appeared first on Bitcoin News.
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