Germany's financial markets regulator has issued new guidance on how it will classify tokens sold during initial coin offerings (ICOs), including those it will consider securities.On Feb. 20, the Federal Financial Supervisory Authority (BaFin) issued a letter of advice, announcing the move in light of an influx of inquiries from...
The U.K. Treasury has today announced that it will conduct an inquiry into cryptocurrencies and blockchain technology.Launched by the Treasury Committee, the investigation will take several angles including examining the role of cryptocurrencies in Britain, including potential "opportunities and risks" for consumers, the business community and government.The potential impact...
The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto...
Gibraltar may be moving to regulate initial coin offerings (ICOs), but officials say it will be up to the market to determine what a "good" token sale looks like.The U.K. overseas territory announced that it was drafting ICO regulation earlier this month, which will include the implementation of a...
Proposed protections for cryptocurrency node operators are moving ahead in Arizona's legislature, public records show.House Bill 2602, which was filed on Feb. 6 by Representative Jeff Weninger (R.-17), passed the Arizona House of Representatives on Feb. 20 with 55 votes out of a possible 60. The measure will now...
An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read:...
Bangladesh – one of the few countries presently attempting to enforce a ban on cryptocurrency trading and use – has announced that several major state institutions will begin ramping up efforts to crack down on bitcoin adoption among Bangladeshi citizens. Also Read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Bangladesh...
A group of Japanese cryptocurrency exchanges is reportedly uniting to form a new self-regulatory body in the wake of the recent Coincheck hack.According to Reuters, which cites unnamed sources close to the group, 16 exchanges are making the move to self-regulate after the Coincheck exchange had $533 million-worth of...
The government of Venezuela published several guides Tuesday in support of the presale for its "petro" cryptocurrency.Announcing the oil-backed token as a form of legal tender that can be used to pay taxes, fees and other public needs, the Venezuelan government outlined its plans and expectations for the petro...
A group of European Union regulators will meet next week to discuss the regulation of cryptocurrencies.Speaking to reporters on Tuesday, European Commission vice president Valdis Dombrovskis said that the meeting would involve representatives from central banks as well as the bloc's market supervisors. Though unnamed, Dombrovskis said that "market players"...