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The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Regardless of their service levels to crypto exchanges, banks have been ordered to implement the new system this month as planned. Also read: South Korea Urges 23 […]
The post South Korea Announces Crypto Traders Could Face Fines Under New System appeared first on Bitcoin News.
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Ukraine, now serious about crypto regulation, is setting up a special working group to oversee the completion of the necessary framework. Dedicated legislation has been making its way through parliament since October. The National Bank is considering plans to emit “e-hryvnias”, while the justice minister says bitcoin is a fact and calls for its legalization. […]
The post Calls for “Legal Bitcoin” in Ukraine, as Natsbank Mulls E-Fiat appeared first on Bitcoin News.
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Brazil’s Securities and Exchange Commission announced on Friday that local investment funds are prohibited from investing in cryptocurrencies. The country’s regulators are currently working on crypto regulation; seven public hearings have already been held to discuss this subject. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading No Crypto […]
The post Brazil Regulator Prohibits Funds from Investing in Cryptocurrencies appeared first on Bitcoin News.
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This week the cryptocurrency portal Bitcoin.com launched a new podcast called “This Week In Bitcoin” with host Matt Aaron, who discusses the previous week’s hottest news in fifteen minutes. The weekly roundup is just one of the many exciting developments lined up for 2018 happening within the Bitcoin.com podcast network. Also Read: Paul Krugman Is Excited […]
The post The Bitcoin.com Podcast Network Presents: This Week In Bitcoin appeared first on Bitcoin News.
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The Central Bank of Bahrain has awarded bitcoin technology provider, Belfrics Global, a sandbox license to open and operate a cryptocurrency exchange in the Arabian Gulf nation. As such, Belfrics is reported to have become the first company to receive an official mandate to open a cryptocurrency exchange in the Middle Eastern/North African region. Also […]
The post Belfrics Granted ‘Sandbox License’ to Open Cryptocurrency Exchange in Bahrain appeared first on Bitcoin News.
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It is not the first time mainstream media outlets haven’t fully grasped a situation affecting the cryptocurrency world. Depending on which source you believe, the South Korean government is either doing nothing or wants to ban all cryptocurrency trading. The truth of the matter is somewhere in the middle, as there is no intention to ban such trading whatsoever. Instead, a contingency plan has been drafted to punish companies not abiding by the new rules. Understanding the Cryptocurrency Situation in South Korea Over the past few weeks, a lot of things have happened involving South Korean regulators. At first, they were surprised toPowered by WPeMatico
Following the inspections of six major banks this week, South Korean regulators have uncovered some inadequate internal controls for handling cryptocurrency exchanges. Given the government’s strict rules, some banks have decided to stop providing services to cryptocurrency exchanges instead of overhauling their systems further to comply with the regulations. Also read: South Korea Urges 23 Countries, […]
The post Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency Exchanges appeared first on Bitcoin News.
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The Deputy Prime Minister of Singapore has sought to clarify the nation’s stance on cryptocurrencies with regards to its money laundering laws. Speaking earlier this week, Mr. Tharman Shanmugaratnam emphasized that Singapore’s financial regulator will not distinguish between cryptocurrencies and fiat currencies. Also Read: Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies Singapore’s Deputy Prime Minister Updates […]
The post Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies appeared first on Bitcoin News.
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The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Some Exchanges Will be Legalized The Russian Deputy Finance Minister Alexei Moiseev told reporters that […]
The post Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges appeared first on Bitcoin News.
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India continues its shaky experiment with money’s future as its domestic population is wild about cryptocurrency. Its government and regulators are less than thrilled, though. The banking system is siding with minders, causing friction between account holders and crypto exchanges. Everyone is pointing to a lack of clarity in the law as origin for the […]
The post India’s Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts appeared first on Bitcoin News.
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