Home » Tag Archives: Regulate

Tag Archives: Regulate

Korea Will Regulate Cryptocurrency Exchanges Like Commercial Banks

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The Korea Financial Intelligence Unit (KFIU) and other local financial agencies will regulate cryptocurrency exchanges like banks, imposing strict anti-money laundering (AML) policies to ensure criminals do not utilize cryptocurrencies to finance illicit operations. Similar to Japan During the Policy Advisory Council meeting held ...

Read More »

World Governments Target Summer 2018 To Regulate Cryptocurrencies – The Merkle

A G-20 meeting attended by the world’s economic leaders last month concluded that government regulations on cryptocurrencies were overdue. It was proposed that specific recommendations should be finalised by the summer of 2018. Disclosure: This is a Sponsored Article The mere mention of government regulations strikes fear into the hearts of cryptocurrency firms. Rumblings emerging from the financial sector typically ...

Read More »

CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK

CryptoUK, a self-regulatory trade association for the UK cryptocurrency industry, addressed several Members of Parliament (MPs) to advocate for favorable regulations in the sector, news outlet City A.M. reported May 1. The association set out its proposals in writing to the Treasury Select Committee’s inquiry into cryptocurrencies today. The inquiry intends to examine the role of digital currencies in the ...

Read More »

CryptoUK Pressures MPs to Regulate the UK’s Digital Currency Industry

A group of British cryptocurrency platforms are putting pressure on several members of parliament to regulate the U.K. digital currency space favourably. CryptoUK comprises of eight members and aims to create a more transparent and reliable legal status for investors and businesses in the sector. Regulation Could Either Stifle or Encourage Financial Innovation in the UK CryptoUK put forward their ...

Read More »

Bermuda Plans to Become the First Country to Regulate ICOs

Join our community of 10 000 traders on Hacked.com for just $39 per month. Last year, Bermuda’s Premier and Finance Minister, David Burt, launched the Blockchain Task Force. It included a Legal and Regulatory Working Group which would ensure that the country creates a blockchain-friendly environment for interested organizations and startups. Four months later, Burt has come forward with another initiative: to make sure ...

Read More »

Thailand Begins Legal Process to Regulate and Tax Cryptocurrency

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cabinet of Thailand has principally approved two royal decree drafts aimed at regulating cryptocurrency transactions and imposing taxes on capital gains from crypto investments. The Cabinet of Thailand, the government’s executive branch compromising of thirty-five of the country’s most senior members, has reportedly approved to royal ...

Read More »

EBA Chairman Sees No Reason to Further Regulate Cryptocurrencies – The Merkle

It has become apparent that cryptocurrency regulation in Europe is still several years away, if not longer. A few months ago, the ECB made it clear it was not interested in intervening where cryptocurrencies were concerned. Similar statements have now been issued by the EU Banking Authority. All of this is a positive development for the industry, although it also means there is still a ...

Read More »

Not Possible to Effectively Regulate Cryptocurrencies

As of late, the Indian government has expressed keen interest in developing countrywide blockchain initiatives, but top officials are not too fond of cryptocurrencies themselves. Moving ahead, the country has been weighing its options, but some, like Shaktikanta Das, who heads a financial commission tasked with looking at cryptocurrencies and other financial matters, are asserting that regulation is too difficult to implement and properly ...

Read More »

Thai Law to Regulate [Legalize] Cryptocurrency, ICO Markets Coming in April

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The governor of Thailand’s central bank has confirmed an upcoming law to ‘comprehensively regulate’ cryptocurrency as a former Thai finance minister throws his support behind the idea. Bank of Thailand governor Veerathai Santiprabhob has revealed details of a meeting between the country’s deputy prime minister, finance minister ...

Read More »