Regulation

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Virtual Currencies to Become “Part of the Economic Practices” of All Nations – CFTC Commissioner

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United States Commodities Futures Trading Commission (CFTC) commissioner, Rostin Behnam recently gave a speech in which he predicted that “virtual currencies […] will become part of the economic practices of any country.” The CFTC commissioner predicted that cryptocurrencies will have a transformative effect in providing financial services to unbanked populations, and undermine corruption through increasing … Read more

Estonia Grants Licenses for Wallet and Exchange Services to Coin Metro

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It isn’t just Malta that is attracting crypto business these days, other small and fast moving countries on the European continent are joining the action. The latest example comes from Estonia, which recently granted licenses for offering wallet and exchange services to the cryptocurrency trading platform Coin Metro. Also Read: Bitcoin in Brief Thursday: New Tech … Read more

Indian Crypto Exchanges Engage with RBI to Offer Banking Ban Alternatives

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Indian cryptocurrency exchanges have followed the Supreme Court’s suggestion for them to present their cases to the Reserve Bank of India. They have sent letters to the central bank, offering alternatives to the RBI’s banking ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Supreme Court’s Suggestion Cryptocurrency exchanges in India have reportedly sent … Read more

Russian Court Overturns Decision to Block Bitcoin Website

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A Russian court has overturned a previous court decision to block a bitcoin-related website because it contains information about cryptocurrencies. The Supreme Court ordered the city court to hear the appeal. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Russian Court Overturned Previous Decision The St. Petersburg City Court has overturned the ruling of … Read more

Indonesia to Regulate Cryptocurrencies as Commodities

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Cryptocurrencies in Indonesia will be regarded as commodities, according to a new decision by the country’s futures market regulator. It comes after a study concluding that digital coins deserve the commodity status. The government is expected to prepare a broader regulation covering other aspects of the crypto sector including trading and taxation. Also read: Crypto … Read more

Korean Government Clarifies Position After Supreme Court Crypto Ruling

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The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more

Bitcoin in Brief Saturday: Spanish Parties Back Crypto Draft, Slovenia Adopts Crypto Action Plan

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All parties represented in the Spanish Congress have voiced support for a new draft legislation introducing favorable crypto regulations in the country. We’ve covered the details in today’s edition of Bitcoin in Brief. Also, Slovenia adopts a crypto action plan, Estonia drops plans to issue a national cryptocurrency, and Hungary claims it’s ready to join … Read more

The UK Clamps Down on Cryptocurrency Operations

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We’re used to hearing about regulation by now. But most of the news that makes the headlines comes from the United States SEC and its latest statements or subpoenas. However, it seems that the United Kingdom is following suit. The country’s financial regulator and markets watchdog, the Financial Conduct Authority (FCA), says there are now 24 pending … Read more

Bitcoin in Brief Friday: Expanding Horizons in a Bearish Month

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With banks in Europe, America and Asia doing “everything to crush cryptocurrencies,” Binance CEO CZ says Africa can become a leader in their implementation. The major crypto exchange is thinking about opening an office in Uganda and we have covered the story in today’s Bitcoin in Brief. Also, online trade with cryptos spikes in Bahrain, … Read more

Regulations Round-Up: SEC hits Titanium, Israeli Crypto Law Delayed, BTC Trading Legal for Chinese Citizens

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In recent regulatory news, the United States Securities and Exchange Commission (SEC) has taken action against the Titanium Blockchain initial coin offering (ICO) for allegedly making false claims; the enactment of Israel’s cryptocurrency regulations have been delayed; and a Chinese professor has discussed the current legal status of bitcoin trading in China, asserting that it … Read more