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Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
28.3.2020
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on...
Cryptocurrency Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
25.3.2020
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South...
Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes
24.3.2020
Russia’s Ministry of Economic Development is preparing a draft law to allow firms from various industries to experiment with crypto and blockchain in a regulatory sandbox
Indian Government Engages RBI to Discuss Cryptocurrency Regulation
21.3.2020
The government of India is reportedly discussing a regulatory framework for cryptocurrencies with the central bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI). Furthermore, the government is awaiting the outcome of another cryptocurrency case at...
Need Self-regulatory Code of Practice, but Exchanges Busy in USDT Manipulation: Crypto Kanoon
17.3.2020
One of the biggest crypto influencers in India, the pseudonymous Crypto Kanoon tweeted on Tuesday that after the industry won the battle against the RBI on March 04, there was a need for self-regulatory code of practice. However, he said, the exchanges were busy in customer acquisition strategies...
US Takes Regulatory Steps for Blockchain Technology Adoption
17.3.2020
To remain its leading position in the financial sector, the U.S. is moving towards blockchain adoption
Zimbabwe Returns to Crypto as Reserve Bank Proposes Regulatory Sandbox
16.3.2020
Zimbabwe is now warming up to crypto as the infamous Zimbabwe dollar exists once again
Rhode Island Blockchain Act Seeks Regulatory Clarity for Crypto, Representative Place Explains
14.3.2020
Rhode Island’s recently introduced Blockchain Act also includes significant cryptocurrency implications
Crypto Payments Firm Halts Operations Citing Singapore’s New Regulatory Regime
13.3.2020
Singapore-based Coinpip said it has "suspended operations" while it looks at becoming licensed under new AML rules
French Regulators Propose a European Regulatory Sandbox for Security Tokens
12.3.2020
French regulators have suggested creating a regulatory sandbox for businesses to experiment with security tokens
Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India
10.3.2020
The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more...
Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulatory Climate
4.3.2020
Bermuda-based insurance company Relm has announced an official launch of operations, issuing a press statement March 3, stating the group will “focus on digital asset (cryptocurrency) enterprises and cannabis and hemp related businesses.” The business, owned by Deltec International...
Chicago Startup Fintank Aims to Launch a Crypto Self-Regulatory Organization
3.3.2020
FinTank, a Chicago-based fintech organization, aims to start a national SRO to provide regulatory clarity in crypto
Coinbase Joins Japan’s Self-Regulatory Organization for Crypto Firms
2.3.2020
The exchange's membership of Japan's self-regulatory organization for cryptocurrency firms indicates Coinbase still plans to launch services in the nation
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
24.2.2020
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and...
Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation
20.2.2020
Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people...
Another ICO Set to Close and Refund Investors, Blames Regulatory Fog
19.2.2020
Another South Korean cryptocurrency business has announced that it is set to close, citing regulatory uncertainty.
Content Protocol Token, a crypto startup and content exchange protocol built on the Watcha platform (South Korea’s answer to Netflix), has stated that they will close the doors...
Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations
19.2.2020
The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees...
US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto
18.2.2020
US presidential candidate Michael Bloomberg said he would clarify tax and securities laws around crypto in a new financial reform plan
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...