Monday, August 19, 2019
The South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Bitlicense Comes to Korea The South Korean regulators are considering introducing an approval...
The SEC's Office of Compliance Inspections and Examinations (OCIE) intends to prioritize an examination of developments in the cryptocurrency and initial coin offering markets this year.Revealed today in the agency's annual "examination priorities" update, the OCIE said it will broach the industry under its mandate to improve compliance, monitor...
Editor's Note: Following the publication of this article, new information indicates that the bill in Romania is focused on electronic monies, not cryptocurrencies specifically. The article below has been amended accordingly.  --- Romania has drafted an emergency ordinance for electronic forms of money, a local news outlet reported Thursday. The draft, which was...
Week after week regulators and governments have been announcing plans to regulate digital currencies like bitcoin. This week in France on January 15 the Minister of the Economy Bruno Le Maire announced his decision to create a “digital currencies mission” and a working group that will work towards regulating...
A law firm from Seoul has decided to address arbitrary measures taken by authorities to regulate cryptocurrency trade. Korean lawyers have filed an appeal accusing their government of “unconstitutional” infringement on property rights. Newly imposed rules are devaluing virtual currencies, they say. Also read: Koreans Deposited 64 Times More Fiat...
Nigeria is known to have one of the biggest and fastest growing bitcoin markets in the whole of Africa. The authorities in the country have apparently caught wind of this and now want to examine the phenomena and decide what they can try and do about it. Also Read: Bitcoin...
The South Korean Minister of Strategy and Finance has met with the governor of the People’s Bank of China to discuss and share economic policies including cryptocurrency countermeasures. While China has imposed strict regulations on cryptocurrency trading, including closing down exchanges, South Korea has adopted a less strict approach. Also...
Marc Hochstein is the managing editor of CoinDesk. The views expressed here are his own, so don't blame his co-workers.The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.Picture two $1 bills. One is crisp and immaculate, newly arrived from the U.S. Mint....
One of Russia's government ministries has proposed a law that, if approved, would introduce a capital requirement for initial coin offering (ICO) organizers.The proposal, which was released by Russia's Ministry of Communications and Mass Media last week, seeks to enforce a series of requirements before any ICO activity can...
Kenya’s Treasury Secretary has been tasked with the responsibility of investigating the current state of cryptocurrency adoption in the country, which has so far been growing with no regulations. In a couple of weeks, he is to give his report to parliament, advising them how to proceed with regulating...