In recent times bad actors have taken advantage of the largely unregulated nature of the entire digital currency industry to lance their scam. Amidst this backdrop, the United States Securities and Exchange Commission (SEC) has not been taking these attempts lightly.
The self-styled crypto-friendly island, Malta, is making efforts and moving forward to test ways to define when assets earned through Initial Coin Offerings (ICOs) turn into securities. Malta’s ICO Interest The Malta Financial Services Authority (FSA) has published a publicly available consultation paper on April 13,.
The Korean Customs Service has added cryptocurrency mining hardware to its list of items required to meet safety requirements in order to be imported into the country. The announcement comes following a $1.2 million USD seizure of mining hardware in recent months, prompting concerns over the potential for poorly manufactured hardware to increase fire risks across the country..
In today’s Bitcoin in Brief we are focusing on some truths that have been uttered recently in regards to the latest attempt by authorities in New York to cross borders, when it comes to crypto controls and regulations.
The European Parliament has voted in favor of stricter regulations in the crypto sector. Crypto exchanges and wallet providers will be required to introduce customer due diligence procedures, including identity verification.
This week traders are scouring the net in search of decentralized exchanges that don’t require Know-Your-Customer (KYC) verification. One such trading platform called ‘Hodl Hodl’ launched its beta version this past February allowing traders to swap cryptocurrencies without the need for regulatory compliance protocols..
Almost two thirds of British people would not support a cryptocurrency issued by their central bank. Pollsters also found that the majority of Britons have already heard of bitcoin. However, a third of the respondents admitted they would be more likely to invest in cryptocurrencies if they were regulated..
Amid chaos and mass complaints, the Russian government may have to “ban Bitcoin” in order to successfully ban Telegram.
Most US states have adopted some regulatory stance in regards to cryptocurrencies like bitcoin and the blockchain technologies behind them, according to a report by the Brookings Institution. The study classifies jurisdictions according to their attitude towards digital currencies..
The Bank of Japan has become the latest government financial institution to recognize the risks of state-issued cryptocurrencies. According to its Deputy Governor Masayoshi Amamiya, a national digital coin may jeopardize the traditional financial system established in developed countries..