Tag Archives: Regulation

Crackdown on Bitcoin Hits Businesses in Bali

Regulation Having issued a stark warning to “all parties” against any use of “virtual currency”, Bank Indonesia has now joined forces with local police to prevent bitcoin transactions where they are most likely to take place – in Bali. The island, a popular holiday destination with tourists spending both fiat (more…)

Proposed US Task Force Would Tackle Crypto Use in Terrorism Financing

U.S. lawmakers are eyeing the formation of a new task force to combat the use of cryptocurrency in financing terrorism and other illicit uses. Introduced to Congress by House Representative Ted Budd (Republican) of North Carolina on Jan. 10, a new bill aims to establish the team, dubbed the Independent Financial Technology Task Force, if (more…)

Blockchain and the Rise of Transaction Technology

Magda Borowik is the special envoy for fintech to the Ministry of Digital Affairs of the Republic of Poland and the director of technology research at FinTech Poland. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. The last couple of years were owned by the ‘fintech’ buzzword. From startups to (more…)

Whistleblower Details Big Bank’s Plans to Prohibit Employees Owning Bitcoin

Featured This week News.Bitcoin.com carried the breaking story alleging employees of giant Northern European bank Nordea were being forbidden by company policy from owning or trading cryptocurrency. Since publication, a bank employee, who wishes to remain anonymous, forwarded evidence the large institution is indeed going ahead with such plans. Also read: (more…)

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a speculative boom in cryptocurrencies. That (more…)

Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges

Regulation The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Some Exchanges Will be Legalized Alexei Moiseev. The Russian Deputy Finance Minister Alexei (more…)

Crypto Cat and Mouse: 2018 Will Be the Year of Policy Subterfuge

Pavel Matveev is the CEO of Wirex, a bitcoin wallet and payment card provider. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. The new year will usher in regulatory arbitrage amongst companies that want to develop innovative solutions, as well as from states seeking to maximize tax receipts from (more…)

Goodbye ICOs, Hello TAOs? How Tokens Will Change in 2018

Christopher Pallotta and Vincent Molinari are the co-founders of Templum, an alternative trading system designed for cryptographic assets. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. As we enter 2018, it appears that blockchain’s contribution to capital formation has only begun. An unfortunate influx of both naive and bad actors begs for (more…)

2017: A Legal Renaissance, Blockchain Style

Joshua Ashley Klayman is co-head of global law firm Morrison & Foerster LLP ‘s Blockchain + Smart Contracts Group and chairs the Wall Street Blockchain Alliance Legal Working Group. The following article is an exclusive contribution to CoinDesk’s 2017 in Review, and represents the author’s personal views, not necessarily those of her employer. The (more…)