Saturday, January 18, 2020
The head of the Danish central bank has warned investors to "stay away" from bitcoin.As reported by state broadcaster DR, Danmarks Nationalbank director Lars Rohde argued that bitcoin is "dangerous" and, likening bitcoin investment to gambling , he said: "If you do not like casinos, you've got a good alternative."Rohde...
The bill for the regulation of cryptocurrencies and initial coin offerings (ICOs) in Russia is ready. It was jointly developed by the country’s central bank and finance ministry. The regulators have shared some details of the bill including how mining activities are to be taxed. Also read: Russian Regulators Draft Law...
An Arizona lawmaker wants to protect blockchain node operators from possible prohibitions by local and county governments.The bill, submitted on Feb. 6 to the Arizona House of Representatives, states that "a city or town may not prohibit or otherwise restrict an individual from running a node on blockchain technology...
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...
One of the toughest financial regulators in Israel has made some surprisingly positive comments today regarding the acceptance of ICO crowdfunding and cryptocurrency. The outgoing chairman of the Israel Securities Authority (ISA) talked about a need to foster the creation of an international financial center based on ICOs. Also...
Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read: Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK...
The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge...
Congress is set to hold what may be the most consequential hearing in years on the subject of cryptocurrency, with the heads of the two main U.S. financial market regulators in the hot seat.J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, his counterpart at the...
Consumers should be wary of cryptocurrency retirement accounts claiming to be approved by the Internal Revenue Service, the Commodity Futures Trading Commission (CFTC) has warned.In a new circular dated Feb. 2, the CFTC is calling for people to "be cautious" about such pitches, especially those claiming that the U.S. tax...
The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Regardless of their service levels to crypto exchanges, banks have been ordered to implement the new system this month as...