Tuesday, November 12, 2019
The South Korean Fair Trade Commission (KFTC) does not have the authority to close cryptocurrency exchanges. “It is impossible in reality,” said the KFTC chairman. The agency is currently investigating 13 major exchanges operating in the country for alleged violations of the e-commerce law. Also read: South Korean Officials Caught Trading...
The Supreme Court of India issued a notice on 13 November 2017 to the nation’s central bank and related financial ministries to hasten their regulatory mechanisms with regard to bitcoin. Concerns about cryptocurrency’s lack of central control and potential use for money laundering have sounded alarms throughout the country’s...
In a year of soaring cryptocurrency prices and countless initial coin offerings, it's perhaps unsurprising that, over the course of 2017, regulators worldwide stepped in to define how they would oversee what had been to date a legally murky environment.From China's crackdown on exchanges to the SEC's report on...
There may a storm brewing for shady companies intent on jumping on the blockchain bandwagon. Startups with no working product seeking to raise millions, or traditional companies rebranding themselves as blockchain connoisseurs are liable to attract the ire of the U.S. Securities and Exchange Commission. In a speech delivered...
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...
Joshua Ashley Klayman is co-head of global law firm Morrison & Foerster LLP 's Blockchain + Smart Contracts Group and chairs the Wall Street Blockchain Alliance Legal Working Group.The following article is an exclusive contribution to CoinDesk's 2017 in Review, and represents the author's personal views, not necessarily those of...
South Korean financial authorities said Sunday that cryptocurrency investors must change anonymous virtual accounts to ones attached to their identity or face penalties.The unnamed authorities said that cryptocurrency investors and traders will be allowed to convert their virtual accounts to real-name accounts before the end of January, but if...
The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges this month. Under the new system, the government requires exchanges to share user data with banks. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Exchanges to Share Data...
Japan’s two cryptocurrency associations have reportedly decided to merge in order to restore trust in the industry and accelerate self-imposed rules. Once approved by the Japanese financial regulator, the new organization will have the power to set penalties for breaches of self-regulation. Also read: Japan’s DMM Bitcoin Exchange Opens for Business...
Japan's Coincheck exchange reinstated Japanese yen withdrawals yesterday and investors are already flocking to take out their funds following the firm's recent hack.According to a company announcement on Feb. 13, soon after Coincheck partially resumed operations on Tuesday, it had already processed 40.1 billion yen (or $373 million) in withdrawal...