Category: Regulation

Russian Prosecutors Fail to Block Crypto Website

Russian Prosecutors Fail Blocking Crypto WebsiteA court case in Russia has signaled a change in the attitude authorities have towards the cryptocurrency space, at least on first glance. An online portal helping traders find the best exchange options for their digital assets will be allowed to restore normal operations. That’s after prosecutors gave up their efforts to block the website […]

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Indian Crypto Traders Undeterred by Ban Rumor

Indian Crypto Traders Undeterred by Ban RumorThe Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have weighed in on this possible bill, and another crypto exchange may be shutting […]

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11 Cryptocurrency Initiatives Indian Government Has Taken

11 Cryptocurrency Initiatives Indian Government Has TakenThe Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Committee to Draft Crypto Law An interministerial committee under the chairmanship of Subhash […]

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Bahrain’s Regulatory Sandbox Teeming With Crypto Companies

Bahrain's Regulatory Sandbox Teeming With Crypto CompaniesBahrain’s regulatory sandbox has become increasingly crypto-friendly as half of the companies approved are now either crypto exchanges or other crypto businesses including ATMs. There are currently 30 companies approved for the regulatory sandbox by the central bank. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Regulatory Sandbox Thirty companies are currently […]

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24 Countries and IMF Discuss Global Standards of Crypto Regulation

24 Countries and IMF Discuss Global Standards of Crypto RegulationTwenty-four financial authorities and 11 international organizations, including the International Monetary Fund and the World Bank, recently gathered in New York and discussed global standards of crypto regulation. “It is important to consistently implement international standards,” said the chairman of South Korea’s top financial regulator who attended the meeting. Also read: Indian Supreme Court Postpones […]

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Finland Begins Regulating Cryptocurrency Service Providers

Finland Begins Regulating Cryptocurrency Service ProvidersFinland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]

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India Progressing on Crypto Regulation Amid Ban Rumor

India Progressing on Crypto Regulation Amid Ban RumorThe Indian government has been progressing on cryptocurrency regulation. A recent report from the Ministry of Finance confirms some recommendations. Meanwhile, local media reported Friday that a draft bill on the regulatory framework for cryptocurrencies is being circulated among relevant government departments. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Ministry of […]

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Japan to Provide G20 With Solution for Crypto Regulation

Japan to Provide G20 With Solution to Crypto RegulationJapan is preparing to share its experience regarding cryptocurrency regulation with finance ministers and central bank governors from other G20 countries at the upcoming summit which it will host in June. According to local media, Japanese regulators have a solution for crypto regulation to offer the G20 countries. Also read: Indian Supreme Court Postpones Crypto […]

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How Ambiguous Regulations Complicate Crypto Taxation

Cryptocurrency Taxation Is Complicated and Ambiguous Regulations Are to BlameFrom America to the United Kingdom and from Russia to Australia, cryptocurrency taxation in major bitcoin strongholds is complicated. Contradictory or non-existent laws, excessive red tape, and maddeningly vague guidelines have conspired to make the tax-paying process more arduous than it need be. Now, a number of advocates are pushing for simplified crypto tax guidelines. […]

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5 Major Indian Laws That Apply to Cryptocurrency

5 Major Indian Laws That Apply to CryptocurrencyIndia has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News.Bitcoin.com talked to one of the authors of the report to uncover more details. Meanwhile, the Indian government is currently finalizing regulations specific to crypto assets. Also read: Indian Supreme Court Postpones Crypto Case […]

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RBI Excludes Cryptocurrency From Indian Regulatory Sandbox

RBI Excludes Cryptocurrency From Indian Regulatory SandboxIndia’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing.” Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request RBI Welcomes Blockchain Tech The […]

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G20 Prepares to Regulate Crypto Assets – a Look at Current Policies

G20 Prepares to Regulate Crypto Assets - a Look at Current PoliciesFollowing their joint declaration committing to regulate crypto assets, the G20 countries are now preparing to set crypto policies at the upcoming summit. Several international organizations have contributed resources and are actively working to help shape the regulations. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request G20 Prepares to Discuss Crypto Policies […]

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France Adopts New Cryptocurrency Regulation

France Adopts New Cryptocurrency RegulationThe French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Pacte […]

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Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation

Aussie Banks Still Cold to Cryptocurrency Businesses Despite RegulationDespite increasing regulation in the cryptocurrency sector, Australia’s major banks maintain cautious policies when it comes to cryptocurrencies. While cryptocurrency businesses appear to challenge Australian banks’ appetite for risk, many institutions permit cryptocurrencies to be purchased using credit cards. Also Read: Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s Credit Card Cryptocurrency Purchases […]

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How the EU and 5 European Nations Regulate Cryptocurrency

How the EU and 5 European Nations Regulate CryptocurrencyLeading up to the G20 summit in June, the Financial Stability Board has detailed how the European Union and its member countries are regulating crypto assets, who the regulators are in each country and the scope of their oversight. In most cases, crypto assets are overseen by several regulators. Also read: Indian Supreme Court Postpones […]

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New York Orders Bittrex to Cease Operations but Approves Bitstamp

New York Orders Bittrex to Cease Operations but Green-Lights BitstampNew York State’s financial regulator has ordered Bittrex to cease operating in the state after rejecting its application for a Bitlicense. Multiple deficiencies were cited, some of which Bittrex immediately disputed. Meanwhile, Bitstamp has been green-lighted to offer the trading of five cryptocurrencies in the state. Also read: Indian Supreme Court Postpones Crypto Case at […]

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Philippines Now Has 10 Approved Cryptocurrency Exchanges

Philippines Now Has 10 Approved Cryptocurrency ExchangesThe Philippines is catching up to Japan with a growing number of approved cryptocurrency exchanges. The central bank has green-lighted 10 crypto exchanges so far. Meanwhile, one of the country’s largest banks now has a bitcoin ATM at one of its main branches. In addition, the Cagayan Economic Zone Authority has independently licensed 24 crypto […]

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India’s New Crypto TV Talk Show to Start Airing This Month

India's New Crypto TV Talk Show to Start Airing This MonthA crypto-focused television talk show is launching in India this month. Several crypto-related issues will be discussed on the show, both about India and abroad, including the “burning issue” of Indian regulation. News.Bitcoin.com talked to the host of the show to find out more details. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]

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How 5 Asian Countries Regulate Cryptocurrency

How 5 Asian Countries Regulate CryptocurrencyThe Financial Stability Board has detailed how its member countries regulate crypto assets, who the regulators are, and the scope of their oversight. Most countries have more than one government body monitoring and regulating different aspects of crypto activities. Among the board’s Asian member countries, India is the only one with no legal mandate to […]

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‘This Is Not an ICO, Just Barter’ – How Issuers Attempt to Evade Regulatory Scrutiny

"This Is Not an ICO, Just Barter” - ICO Issuers Alter Terms to Evade Regulatory ScrutinySome issuers of initial coin offerings have started to change the terminology they use to refer to their token sale in a bid to evade the attention of regulators – the hawkish U.S. Securities and Exchange Commission (SEC) in particular. With research finding that fewer than half of ICO projects make it past the first […]

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Indian Supreme Court Confirms New Date for Crypto Case

Indian Supreme Court Confirms New Date for Crypto CaseThe Supreme Court of India has set a new date to hear the crypto case. News.Bitcoin.com has learned what happened in the latest hearing when the government was expected to deliver crypto regulation and why the case was adjourned within minutes. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Crypto Case Update […]

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How India’s Election Could Impact Crypto Regulation

How India’s Election Could Impact Crypto RegulationIndia’s impending general election could affect the government’s process of regulating the crypto industry. A local lawyer has explained to news.Bitcoin.com how the election can impact regulations. According to the Indian Election Commission’s code of conduct rules, no new law can be passed during the election. Also read: Indian Supreme Court Postpones Crypto Case at […]

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Indian Supreme Court Postpones Crypto Case at Government’s Request

Indian Supreme Court Postpones Crypto Case at Government's RequestIndia’s supreme court has postponed hearing the crypto case at the request of the government’s counsel. The court was expecting to hear about the country’s cryptocurrency regulation today before proceeding to address the banking ban by the central bank. However, the case has now been postponed. Also read: Indian Supreme Court Set to Hear Crypto […]

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Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

Finland's Regulatory Watchdog Plans to Supervise Localbitcoins OperationsOn Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over exchange operations. Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins […]

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