Tag: Regulation

Seoul’s Mayor Promising City Cryptocurrency and Support for Blockchain Startups

Seoul’s Mayor Promising City Cryptocurrency and Support for Blockchain Startups

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In a bid for reelection, Seoul’s mayor, Park Won-soon, has promised local government support for blockchain startups and even the creation of a new cryptocurrency, the “S Coin”, for use in South Korea’s capital.   Describing Seoul as the “world’s leading city in ICT” he said that it was ...
Chilean Crypto-Exchanges Cry Out for Clearer Regulation

Chilean Crypto-Exchanges Cry Out for Clearer Regulation

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After having their bank accounts closed without warning, two cryptocurrency exchanges in Chile are calling on government regulators to give some much needed guidance to a confused crypto industry. Bitcoin exchange BUDA and Ethereum trading platform CryptoMKT have released a public stat ...
British Government Would Welcome a “Flourishing” London Crypto-Exchange

British Government Would Welcome a “Flourishing” London Crypto-Exchange

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Fresh from the announcement that the UK government was setting up a “crypto task force” to look into the risks and benefits of cryptocurrency and all things blockchain, British minister John Glen MP has revealed to reporters that provided the government gets regulation right, they would ...
G20 Agrees to Leave Cryptocurrencies Alone… For Now

G20 Agrees to Leave Cryptocurrencies Alone… For Now

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International finance ministers have decided to take no coordinated action on Bitcoin and other cryptocurrencies, at least for now. The G20 summit had been seen as a potential watershed for the international response to crypto, and nervous markets awaited any big developments out of Arge ...
President Trump Bans US Citizens From Buying Petro

President Trump Bans US Citizens From Buying Petro

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In a widely-anticipated move, President Trump has signed an executive order prohibiting American citizens from buying into the Venezuelan Petro cryptocurrency. This is the first time that a U.S. president has issued any such order relating to a cryptocurrency, though is likely not to be ...
SEC has Cryptocurrency Exchanges in its Sights: Markets Fall

SEC has Cryptocurrency Exchanges in its Sights: Markets Fall

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The U.S. Securities and Exchange Commission (SEC) has announced that many online cryptocurrency trading platforms will have to register with the SEC or else close operations. The SEC is particularly concerned traders may believe that platforms describing themselves as “exchanges” have me ...
Japanese Regulators Set To Shutter Non-Compliant Cryptocurrency Exchanges

Japanese Regulators Set To Shutter Non-Compliant Cryptocurrency Exchanges

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Since $500 million of NEM was stolen from the Coincheck exchange in January, Japan’s Financial Services Authority (FSA) has vowed to improve standards in the country’s cryptocurrency exchanges. As part of this new vigilance a set of punishments are expected to be handed out this week to ...
U.S. Courts Confirm That Cryptocurrencies Should be Considered Commodities

U.S. Courts Confirm That Cryptocurrencies Should be Considered Commodities

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In a landmark ruling, U.S. Federal Judge Jack Weinstein has ruled that cryptocurrencies are commodities and the law should treat them as such. This supports the assertion of the Commodity Futures Trading Commission (CFTC) that Bitcoin and other cryptocurrencies fall under its jurisdictio ...