Saturday, February 22, 2020
A recent report published by the European Parliament advises policymakers and regulators not to ignore cryptocurrencies or attempt to ban them. It discusses how crypto should be treated, their taxation, as well as their potential impact on financial systems and central banks’ monopolies on money issuance. Also read: Yahoo! Japan Confirms...
The People’s Bank of China (PBOC) recently had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.  **Update January 3, 2018, 10 pm EDT: There’s a recent conflicting report with this story coming from the publication Caixin that details the...
Japan’s top financial regulator has responded to media reports that it is considering overhauling the way cryptocurrency is regulated in the country. The authority has been under fire for the inadequacy of its crypto exchange registration process after it issued business improvement orders to a number of exchanges it...
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"...
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...
David Silver is the founder of Silver Miller, a plaintiffs' law firm that brings cases against cryptocurrency exchanges and investment offerings. The views expressed here are his alone. You can reach him at DSilver@SilverMillerLaw.com.I’m late, I’m late! For a very important date!No time to say “Hello.” Goodbye!I’m late! I’m...
The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens...
The New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The US Wants South Korean Crypto Data The New York State...
Three European regulators with oversight over securities, banking and pensions issued a combined warning today to EU residents considering investing in cryptocurrencies.Citing the crypto markets' volatility, lack of regulation and the potential for severe losses, the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the...
South Korea is reportedly considering a technology-specific licensing scheme as part of it proposed regulation of cryptocurrency exchanges.According to BusinessKorea, a government official involved with a virtual currency task force said Sunday that such rules, which bear a similarity to New York's controversial "BitLicense," introduced in 2015, could be enacted or...