Bitcoin Regulation

Binance Signs Agreement With Bermuda Gov’t On $15 Mln Investment, Jobs

4 weeks ago kakp2 Comments Off on Binance Signs Agreement With Bermuda Gov’t On $15 Mln Investment, Jobs
Premier and Minister of Finance of Bermuda David Burt signed a memorandum of understanding (MOU) with Binance Group on Friday, Bernews reports April 27. The MOU establishes funding for educational programs related to fintech and blockchain startups. Burt signed the MOU with Changpeng Zhao, founder and CEO of the world’s world’s world’s second largest cryptocurrency Read More

Japanese Crypto Exchange Everybody’s Bitcoin Receives Citation From Financial Regulators

4 weeks ago kakp2 Comments Off on Japanese Crypto Exchange Everybody’s Bitcoin Receives Citation From Financial Regulators
Tokyo-based virtual currency exchange Everybody’s Bitcoin Co. Ltd. has been issued an official warning by the Japanese Financial Services Agency (FSA), according to a press release April 25. Citing articles of the Supplementary Provisions Act on Financial Settlement, the FSA issued the company an improvement notice, which obliges them to rectify any inconsistencies or shortcomings Read More

Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts

4 weeks ago kakp2 Comments Off on Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts
Major Chilean cryptocurrency exchange Buda has persuaded a court to order the re-opening of its accounts at two major Chilean banks, Bloomberg reports April 25. Chile’s anti-monopoly court published the ruling on its website, ordering state bank Banco del Estado de Chile and Itau Corpbanca to re-open Buda’s accounts while the exchange’s lawsuit continues against Read More

Hong Kong Securities Regulator Says Raising Capital Is Job For VCs, Not ICOs

1 month ago kakp2 Comments Off on Hong Kong Securities Regulator Says Raising Capital Is Job For VCs, Not ICOs
The head of the Hong Kong Securities and Futures Commission (Hong Kong SFC) said during a speech on April 13 on “New Technologies and Asset Management” that the type of fundraising conducted through Initial Coin Offerings (ICO) is better suited to venture capital funds. Julia Leung, who is also the chair of the 2016 established Read More

UK National Cyber Security Centre Includes Cryptojacking In Report On Cyber Threats

1 month ago kakp2 Comments Off on UK National Cyber Security Centre Includes Cryptojacking In Report On Cyber Threats
On April 10, the UK National Cyber Security Centre (NCSC) released a report analyzing how nefarious cyber activity influenced the business environment in Great Britain over the past year. The report dedicates a section to cryptojacking, a form of cyber attack in which a hacker utilizes an individual’s computer, without the owner’s knowledge, to mine Read More

China And Blockchain: Most Patents And More Governmental Funds

1 month ago kakp2 Comments Off on China And Blockchain: Most Patents And More Governmental Funds
China already has the largest number of Blockchain patents in the world, beating global economies such as the US and Japan. Moreover, the Chinese government has just funded another $1.6 bln Blockchain fund to finance more projects in the cryptocurrency space. Chinese government funds $1.6 bln Blockchain Initiative On April 9, Chinese publication Sohu reported Read More

2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility, Analyst Says

2 months ago kakp2 Comments Off on 2018 ‘Mature’ Crypto Market Will Draw More Investment, See Less Volatility, Analyst Says
Adrian Lai, founding partner of Hong Kong-based crypto investment firm Orichal Partners, has forecast that in 2018 the crypto market will “mature” and increase its trading volume, particularly among institutional investors, the South China Morning Post reported April 9. Lai characterized both last year’s eye-popping market cap growth — reaching an all-time high of over Read More

India’s Central Bank To Stop Dealing With All Crypto-Related Accounts, ‘Not Ban On Crypto’ Commenters Say

2 months ago kakp2 Comments Off on India’s Central Bank To Stop Dealing With All Crypto-Related Accounts, ‘Not Ban On Crypto’ Commenters Say
The Reserve Bank of India (RBI) has announced that the bank will no longer provide services to any person or business that deals with cryptocurrencies, adding that it is also looking into releasing its own cryptocurrency in the future, according to a “Statement on Developmental and Regulatory Policies” released today, April 5. India’s Finance Ministry Read More

Traditional Markets Start Off Q2 With Record Low, Crypto Markets See Slight Growth

2 months ago kakp2 Comments Off on Traditional Markets Start Off Q2 With Record Low, Crypto Markets See Slight Growth
The end of the first quarter of 2018 saw not only poor performances in the crypto market – which lost around 50 percent of total market cap – but also a poor second quarter start for the traditional markets, with the S&P 500 Index’s slump of 2.2 percent Monday, April 2 marking the lowest April Read More

Australia Launches New Cryptocurrency Exchange Regulations

2 months ago kakp2 Comments Off on Australia Launches New Cryptocurrency Exchange Regulations
Australian cryptocurrency exchanges must abide by new anti-money laundering (AML) rules from April 3, the government has confirmed. According to fresh information now available on the website of the Australian Transaction Reports and Analysis Centre (AUSTRAC), ‘digital currency exchanges’ must now register with authorities, as well as commit to various reporting and identity checking procedures. Read More