Government

CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK

2 months ago admin2 Comments Off on CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK
CryptoUK, a self-regulatory trade association for the UK cryptocurrency industry, addressed several Members of Parliament (MPs) to advocate for favorable regulations in the sector, news outlet City A.M. reported May 1. The association set out its proposals in writing to the Treasury Select Committee’s inquiry into cryptocurrencies today. The inquiry intends to examine the role Read More

CFTC Chairman On Crypto Regulation: ‘I Don’t See It Being Resolved Anytime Soon’

2 months ago admin2 Comments Off on CFTC Chairman On Crypto Regulation: ‘I Don’t See It Being Resolved Anytime Soon’
The US Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo said he doesn’t see comprehensive crypto legislation coming from the federal level in the near future, CNBC reports April 30. In an interview on Monday, Giancarlo pointed out that the statutes by which the CFTC is operating were written in 1935. He said that embracing Read More

Japanese Crypto Exchange Everybody’s Bitcoin Receives Citation From Financial Regulators

2 months ago admin2 Comments Off on Japanese Crypto Exchange Everybody’s Bitcoin Receives Citation From Financial Regulators
Tokyo-based virtual currency exchange Everybody’s Bitcoin Co. Ltd. has been issued an official warning by the Japanese Financial Services Agency (FSA), according to a press release April 25. Citing articles of the Supplementary Provisions Act on Financial Settlement, the FSA issued the company an improvement notice, which obliges them to rectify any inconsistencies or shortcomings Read More

India: Delhi High Court Seeks Response From Central Bank On Recent Crypto Ban, Report Says

2 months ago admin2 Comments Off on India: Delhi High Court Seeks Response From Central Bank On Recent Crypto Ban, Report Says
The High Court of Delhi has reportedly issued a notice to the Reserve Bank of India (RBI), the Ministry of Finance, and the Goods and Services Tax (GST) Council alleging that RBI’s decision to end dealings with crypto businesses violates the constitution, local news outlet Times of India reports today, April 22. The High Court’s Read More

South Korean Crypto Exchange Bithumb To Issue Own Token In Singapore

2 months ago admin2 Comments Off on South Korean Crypto Exchange Bithumb To Issue Own Token In Singapore
Bithumb, South Korea’s leading cryptocurrency exchange, has recently revealed plans to issue its own token, Bithumb Coin, in an Initial Coin Offering (ICO), local news outlet TokenPost reports Thursday, April 19. According to the report, the Bithumb token sale will be conducted in Singapore since ICOs are banned in South Korea. Bithumb is reportedly focusing Read More

New York Attorney General’s Office Launches Inquiry Into Cryptocurrency Trading Platforms

2 months ago admin2 Comments Off on New York Attorney General’s Office Launches Inquiry Into Cryptocurrency Trading Platforms
New York Attorney General Eric T. Schneiderman has launched the “Virtual Markets Integrity Initiative”, an “inquiry into the policies and practices” of digital currency trading platforms, according to a press release April 17. As part of the initiative, letters were sent to thirteen major cryptocurrency exchanges, requesting information on their operations, internal controls, and other Read More

Lafayette Parish, Louisiana Considers Development Of Municipal Cryptocurrency And ICO

2 months ago admin2 Comments Off on Lafayette Parish, Louisiana Considers Development Of Municipal Cryptocurrency And ICO
Mayor-President Joel Robideaux of Lafayette parish, Louisiana proposed the parish government to create its own cryptocurrency and consider launching an Initial Coin Offering (ICO), local news The Acadiana Advocate reported April 12. In his annual speech at the Heymann Center, Robideaux presented Lafayette as a technological hub, which could benefit from the development of its Read More

Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries

2 months ago admin2 Comments Off on Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries
Featured Major corporations in South Korea are increasingly establishing cryptocurrency subsidiaries and launching initial coin offerings outside of the country due to prohibitive regulations. They are seeking opportunities in countries like Japan, Switzerland, Singapore, and Gibraltar. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Regulations Driving Away Businesses An increasing number of corporations Read More

SEC Busts Fraudulent ICO Endorsed By Floyd Mayweather, Founders Defrauded $32 Mln

3 months ago admin2 Comments Off on SEC Busts Fraudulent ICO Endorsed By Floyd Mayweather, Founders Defrauded $32 Mln
The US Securities and Exchange Commission (SEC) charged two co-founders of a supposed financial services start-up with organizing a fraudulent initial coin offering (ICO), the SEC announced in a press release April 2. The SEC says the the co-founders of Centra Tech. Inc., Sohrab Sharma and Robert Farkas, were arrested and charged after raising $32 Read More

EU Markets Watchdog Increases Requirements For Crypto Financial Derivatives

3 months ago admin2 Comments Off on EU Markets Watchdog Increases Requirements For Crypto Financial Derivatives
The European Securities and Markets Authority (ESMA) has strengthened requirements for Contracts For Differences (CFDs) in cryptocurrencies, as stated in an announcement on March 27. CFDs are an arrangement in a futures contract whereby differences in settlement are made in cash payments, rather than by the delivery of physical goods or securities. It is considered Read More