Category: Regulation

Post Hack Coincheck Reveals Plans To Expand To Us Market

News Monex Inc, the company that recently hacked Japanese crypto exchange Coincheck, has revealed plans to expand the exchange to the U.S. in an with Bloomberg today, May 18. Monex CEO Oki Matsumoto said he expects Coincheck will receive an official license from Japanese authorities next month, but – without specifying a timeframe – he […]

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Bitfinex Requires Customer Tax Info which it ‘May Exchange’ with Gov’t, Tax Authorities

News Cryptocurrency trading platform has recently distributed a letter to certain users,  saying that they are required to disclose their tax information, which the exchange may share with the government, according to a on Twitter May 17. We have not sent this message to all users. We have deliberately targeted users that we believe have […]

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Cases Of Illegal Bitcoin And Cryptocurrency Mining: Chicken Farms And New York

Analysis In the , , and , many individual cryptocurrency miners and large-scale mining centers were cracked down for conducting illicit operations. For example, in April 2018, cryptocurrency miners in South Korea were for illicitly utilizing cheap electricity to produce cryptos. Chicken farm in South Korea In South Korea, places such as chicken farms and […]

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First New-York Based Crypto Trading Company Receives BitLicense

News Genesis Global Trading, a subsidiary of the Digital Currency Group, has been granted a from the New York Department of Financial Services (DFS), according to a press release published on today, May 17. After the BitLicense became required for all New York crypto trading firms in August of 2015, a wave of crypto companies […]

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Thailand Introduced Legal Framework, But Players Don’t Know How to Comply

Follow up On Sunday, May 13, Thailand a pool of countries that have introduced regulatory frameworks regarding cryptocurrencies. The 100 section law, published in the country’s , defines cryptocurrencies as digital assets and digital tokens that fall under the regulatory jurisdiction of the Thai Security Exchange Commission (TSEC), making it the main policeman of crypto […]

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Bermuda Signs MOU with Blockchain Project Shyft for $10 Mln in Economic Development

News The Government of has recently signed a (MOU) with which provides -based ID solutions for (KYC) and (AML) compliant data transfers, Shyft reported in a May 15. NEWS: Shyft Signs MOU With The Government Of Bermuda, Pledges To Invest $10M In Education And Economic Development Great day for our team, , and team ⚡ […]

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Russia’s Digital Economy Bill Supported by State Duma Committee in Move Towards Crypto Regulation

News State Duma’s Committee for Legislative Work will support the first reading of an initiative that will add the basic norms of digital economy to the Russian Federation Civil Code.  This is the latest step on the road to regulating cryptocurrency in the country, local news outlet reports Wednesday, May 16. Pavel Krasheninnikov of political […]

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President of Chile’s Central Bank Considers Cryptocurrency Regulation, Says It Is Useful for ‘Monitoring Risks’

News Mario Marcel, the president of Central Bank, is considering regulating cryptocurrencies in the country in order to monitor risks, local news outlet reported Tuesday, May 15. Cryptocurrencies in Chile are not currently considered as money or securities, but there are no laws in place that prevent citizens from exchanging crypto for goods and services. […]

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Ukraine To Legalize Cryptocurrencies, Invites Citizens To Comment On Proposed Regulations

News Ukraine is preparing draft legislation to legalize cryptocurrencies, according to a by a member of the Ukrainian parliament, Alexei Mushak, on his Facebook page Tuesday, May 15. Mushak attached a copy of the draft legislation document, urging readers to comment on the terms of the regulations proposed for the crypto market: “We go to […]

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Japan: Nomura Bank Announces Crypto Custody Solution For Institutional Investors

News Japan-based global investment bank Nomura has announced a venture to establish a custody offering for digital assets, Cointelegraph Japan today, May 16. The new project aims at removing barriers to institutional investment in the crypto space. Nomura’s joint venture will be conducted in partnership with digital asset security company Ledger and investment house Global […]

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