Thursday, June 27, 2019
The world’s largest cryptocurrency has found a new home on one of the world’s smallest island states. Prime Minister Joseph Muscat warmly welcomed the cryptocurrency platform and spoke of his desire for Malta to become “global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and...
The top securities regulator in Massachusetts told CNBC yesterday that the bitcoin market is "entirely speculation.""It doesn't pass the smell test," said Secretary of the Commonwealth William Galvin, whose responsibilities include overseeing the state's securities division. He warned:"It's also subject to manipulation, because no one can explain it, no...
A few new bills have been proposed by New York state officials concerning the implications of blockchain technology and cryptocurrencies. One of the bills sponsored by the democratic assemblyman Clyde Vanel called bill AO8783 aims to create a “digital currency task force” that plans to monitor the “widespread implementation...
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...
After what many considered a dithering reluctance, the bureau charged with maintaining order in the world’s biggest speculative markets, the US Securities and Exchange Commission (SEC), is ramping up efforts to consider regulatory policy toward cryptocurrencies, ICOs, and cryptocurrency funds. This comes directly after two key executive appointments this...
The head of a British financial regulator has warned that people stand to lose their funds if they invest in bitcoin.Andrew Bailey, chief executive of the UK's Financial Conduct Authority (FCA), told the BBC's Newsnight program that buying bitcoin poses similar risks to gambling and, since it is neither...
If you are thinking about selling bitcoin for cash inside the United States to people you don’t know, caution is advised. A reminder to stay alert for undercover government agents who might try to entrap you has been served by a recent California case. Also Read: Cryptocurrency Regulator Found Dead...
South Korean cryptocurrency exchange Coinpia has announced it will suspend both trading and deposits after it was unable to implement a customer identification system in line with a recently enacted government mandate.According to an announcement released Tuesday through its homepage, the exchange had suspended Korean won deposits on Jan. 30...
Authorities in North America seem be among the most proactive in the world with regards to dealing with individual ICOs. The latest example of this comes from Canada where the man behind Plexcoin is now facing jail time while an investigation against him is still ongoing. Also Read: Parity Calls...
The U.S. Securities and Exchange Commission said Friday that it has temporarily suspended the trading of three companies as it looks into statements they made regarding the purchase of cryptocurrency and blockchain-related assets.The regulator announced that the trade of securities for the companies - Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction...