Arbitrators to Resolve Disputes in the Russian Cryptocurrency Industry

A leading industry organization in Russia has decided to establish an arbitration body to look into disputes within the digital economy, including matters related to cryptocurrency transactions, as well as rights and responsibilities in token sales and the implementation of smart contracts. Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Industry Organization … Read more

South Korea Cracks Down on Unauthorized Cryptocurrency Funds

South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into … Read more

Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Rosfinmonitoring … Read more

China Seeks Public Feedback on Draft DLT Regulations

The Cyberspace Administration of China (CAC) has announced that it will accept public feedback through Nov. 2 on draft rules it recently published to regulate blockchain projects, but the proposed legislation has already drawn a mixed response from distributed ledger technology (DLT) analysts. Also Read: Bitstamp Confirms Acquisition by South Korean Company Strict Rules for DLT Users … Read more

Regulations Roundup: Cryptocurrency Campaign Donations, US Judge Warns Malaysians

In recent regulatory news, a report by the Center for Public Integrity has explored the potential for cryptocurrency donations to obfuscate politicians’ sources of funding, a U.S. judge has urged the Malaysian public to exercise due diligence when considering seeking exposure to cryptocurrencies, and a report conducted by IBM Blockchain and the Official Monetary and … Read more