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Articles: 1326

Regulation

South Korea's National Assembly to discuss blockchain, cryptocurrencies and ICOs during extraordinary session

Tue, 21 Aug 2018, 03:27 am UTC

Amid recent governmental efforts to foster blockchain ecosystem in South Korea, an extraordinary session of the countrys National Assembly has commenced which will focus on the emerging blockchain and cryptocurrency...

Regulation

Bitstamp, Bittrex, bitFlyer USA and Gemini join Virtual Commodity Association Working Group

Mon, 20 Aug 2018, 13:58 pm UTC

Leading cryptocurrency exchange platforms have joined the Virtual Commodity Association (VCA) working group. In March, Gemini proposed setting up an industry-sponsored self-regulatory organization (SRO) for the U.S....

Regulation

Cambodia establishes fintech association

Mon, 20 Aug 2018, 09:59 am UTC

The Cambodia Fintech Association (CFA) was officially launched last week with the mission of positioning Cambodia as the leading country for fintech innovation and investment in the Indochina region. The launch event...

Regulation

FINRA’s ICO warning: Investing in SAFT contract does not ensure the offering’s regulatory compliance

Mon, 20 Aug 2018, 09:06 am UTC

The Financial Industry Regulatory Authority (FINRA) has issued a warning against investments in digital assets, such as initial coin offering (ICO) tokens and cryptocurrencies. In an online post dated August 16, the...

Regulation

Saudi Arabia declares bitcoin trading illegal

Tue, 14 Aug 2018, 11:53 am UTC

Saudi Arabia has officially declared that trading in digital currencies such as bitcoin is illegal in the country. A standing committee comprising of Saudi Arabian regulators this stated that the unauthorized virtual...

Regulation

Vietnamese firms and individuals stop importing cryptocurrency mining equipment

Tue, 14 Aug 2018, 11:07 am UTC

The HCM City Customs Department has said that domestic businesses and individuals have stopped importing bitcoin mining equipment since the beginning of July, Viet Nam News reported. Last month, reports suggested that...

Technology Regulation

South Korea to raise investment in big data, blockchain and sharing economy to over 1 trillion won in 2019

Tue, 14 Aug 2018, 05:30 am UTC

The South Korean government has announced its big investment plans for blockchain and other cutting-edge technologies in 2019. On August 13, the government unveiled its growth through innovation investment plan for...

Regulation

India mulls allowing crypto tokens for financial transactions

Mon, 13 Aug 2018, 09:57 am UTC

The government of India is considering allowing crypto tokens for facilitating financial transactions in the country, while maintaining its ban on cryptocurrencies, DNA India reported. Sources familiar with the matter...

Regulation

South Korea’s Jeju Island seeks to become blockchain hub

Mon, 13 Aug 2018, 04:32 am UTC

The South Korean island of Jeju is seeking to become a hub for the blockchain industry, according to Korea Joongang Daily. During a meeting last week, Governor Won Hee-ryong requested the central government to designate...

Regulation

FinCEN to launch cryptocurrency-focused exchange program

Mon, 13 Aug 2018, 03:32 am UTC

FinCEN, a bureau of the United States Department of the Treasury, is going to launch an exchange program focused on cryptocurrencies to help facilitate engagement with the industry. Speaking at the 2018 Chicago-Kent...

Regulation

Interest to apply for ICO and digital asset exchange licenses surges in Thailand

Thu, 09 Aug 2018, 05:36 am UTC

The number of projects interested in applying for licenses to conduct initial coin offerings (ICOs) and to operate digital asset exchanges has surged after the digital asset licensing went into effect in Thailand, the...

Regulation

Japan’s FSA mulls stricter crypto regulations to curb speculative investments – Report

Wed, 08 Aug 2018, 11:13 am UTC

Japans Financial Services Agency (FSA) is planning to impose stricter regulations on cryptocurrencies, The Japan Times said in a new report. The regulator is considering stricter rules in order to curb the use of...

Regulation

Global financial regulators team up to launch global fintech sandbox

Wed, 08 Aug 2018, 09:27 am UTC

The UK Financial Conduct Authority (FCA), together with 11 global financial regulators and related organisations, has announced the formation of the Global Financial Innovation Network (GFIN). The initiative builds on...

Regulation

US Treasury department proposes regulatory sandbox to foster fintech innovation

Thu, 02 Aug 2018, 06:16 am UTC

The U.S. Department of the Treasury released a report earlier this week which highlights the improvements needed in the regulatory landscape to better support nonbank financial institutions, embrace financial technology,...

Regulation

Dubai heads towards blockchain-powered judicial future

Tue, 31 Jul 2018, 06:22 am UTC

The Dubai International Financial Centre (DIFC) Courts, in partnership with Smart Dubai, has announced its plans to create the worlds first Court of the Blockchain. The project, aimed at creating a blockchain-powered...