Regulation Archives - Cryptocoin Spy

Ripple, ConsenSys, Quant Network Among 105 Founders to Sign-Off on International Blockchain Association at European Commission

March 7, 2019, GMT+0000, 2:35 am Matthew Willemsen

EU flags waving in front of European Parliament building in Brus

Today marked another significant milestone for global blockchain technology adoption after a notary deed to create the International Association of Trusted Blockchain Applications (INATBA) was signed off on by 105 founding members at the European Commission’s Brussels headquarters. Participating in the legal foundation of INATBA were representatives of a host of well-known projects native to the crypto and blockchain ecosystem,…

Influential Cypherpunk Passes Away At Age 67

December 16, 2018, GMT+0000, 21:18 pm Neil Mathew

Those who truly understand cryptocurrency history know that the cryptocurrency world owes a lot to the cypherpunk movement, a technologist movement that advocated for privacy and cryptography throughout the 1980s and 1990s in order to redefine the way that human beings, organizations, and institutions interact with each other. There are three individuals that are widely considered “godfathers” of this movement:…

President Trump’s New Chief Of Staff Loves Bitcoin (BTC) and Blockchain

December 15, 2018, GMT+0000, 14:58 pmDecember 15, 2018, GMT+0000, 18:08 pm Neil Mathew

President Donald Trump of the United States has a tradition of making big announcements on the social media platform Twitter, and that certainly doesn’t seem to be changing, as he named Budget Director Mick Mulvaney as his acting chief of staff. Mulvaney will replace John Kelly as chief of staff, and Trump praised both of them in the announcement on…

India Crypto Regulation Report Officially Submitted

December 10, 2018, GMT+0000, 2:44 amDecember 10, 2018, GMT+0000, 7:25 am Neil Mathew

Asia appears to be quite conflicted when it comes to cryptocurrency markets, with some countries, such as China, outright banning initial coin offerings (ICOs), while South Korea appears to be going out of their way to encourage innovation. For example, the country recently committed $100 million into developing Seoul as a potential hub for blockchain technology. However, one country that…

Morgan Creek Digital Betting Big On Bitcoin (BTC)

December 8, 2018, GMT+0000, 15:31 pmDecember 8, 2018, GMT+0000, 18:13 pm Neil Mathew

Bitcoin has dropped by over 80% in 2018, and the cryptocurrency markets have lost hundreds of billions in market capitalization. The bearish sentiment is clear – however, many in the cryptocurrency community view this phase as simply the calm before the next big cryptocurrency bull run. Morgan Creek Digital certainly appears to be bullish. The crypto management firm is meant…

The G20 Ready For Crypto Regulation?

December 4, 2018, GMT+0000, 5:57 am Neil Mathew

Although many can agree that blockchain technology has the ability to change our world forever, there are many governments that do not seem to accept the cryptocurrency world as legitimate. These include governments that either want to outright ban cryptocurrency, or simply do not seek to clarify a regulatory framework surrounding it. There is some evidence that this will eventually…

US Congress Drafts Crypto Tax Regulation Bill

September 25, 2018, GMT+0000, 17:09 pm Mark Hartley

Washington DC Capitol dome detail with waving american flag

The United States Congress has begun introducing new legislation regarding how taxpayers should report their cryptocurrency profits. Congressman Tom Emmer who is co-chair of the Congressional Blockchain Caucus headed up the discussion, with a call for the government to enable the US private sector to benefit from the innovative technologies like blockchain. Emmer proposes that a resolution to support cryptocurrencies…

South African Revenue Service (SARS) Exploring Blockchain for Tax Declarations

August 23, 2018, GMT+0000, 8:49 amAugust 23, 2018, GMT+0000, 9:07 am Mark Hartley

Cryptocurrency continues to receive a lot of interest in South Africa, especially considering recent news of land expropriation and government corruption. Citizens are understandably concerned about the future of South Africa’s economy and are looking for other means to store wealth. Due to the level of perceived investment in cryptocurrencies, the South African Revenue Service (SARS) is worried it may…

$22M+ Bitcoin, Crypto Confiscation: US Justice Dept Publish Year-Long Secret Darknet Operation

June 27, 2018, GMT+0000, 7:47 amJune 27, 2018, GMT+0000, 7:47 am Matthew Willemsen

Tuesday saw the United States Department of Justice (DoJ) announce some damning results that arose from their “year-long, coordinated national operation” targeting illicit goods vendors transacting on the Darknet. Notably, one of the many listed outcomes was the seizure of almost “2,000 Bitcoins and other cryptocurrencies” – valued at over $20 million – and Bitcoin mining equipment, as well. Let’s…

Japan’s FSA Prepares to Punish Major Cryptocurrency Exchanges, Again

June 19, 2018, GMT+0000, 16:24 pmJune 19, 2018, GMT+0000, 16:24 pm David Canellis

Japan’s Financial Services Agency (FSA) is yet again preparing to hand down punishment to several major cryptocurrency exchange operators in the country, including prominent exchange bitFlyer. The move represents the third time in just one year that the FSA has had to reproach digital asset exchanges, indicating that tough new rules on internal control mechanisms are yet to be adhered…