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Tag Archives: Regulation

ICE and the Future of Bitcoin Trading and Regulation …

As reported earlier by The New York Times (NYT) and Bitcoin Magazine, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE), is developing an online trading platform that would allow large investors to trade bitcoin directly. As news about the ICE platform continues to develop, Bitcoin Magazine spoke with lawyers Ben Sauter and Dave McGill of Kobre ...

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Polish Finance Ministry Rolls Back Crypto Tax, Promises Smarter Regulation

Poland’s Ministry of Finance will temporarily suspend tax collection for cryptocurrencies, the Polish Press Agency (PAP) reported May 18. The Ministry says it will conduct an “in-depth analysis” of the crypto space to inform better regulation and taxation policies going forward. At the beginning of April – income tax statements in Poland are due on April 30 – the Ministry ...

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Kazakhstan’s President Calls for International Cooperation in Crypto Regulation

Kazakhstan’s President Nursultan Nazarbayev has called for global cooperation for cryptocurrency regulation, local news outlet Azernews reported May 17. Speaking at the plenary session of the Global Challenges Summit 2018, Nazarbayev stated that “most countries are actively exploring the possibility of adapting cryptocurrency to the current configuration of financial systems.” He then continued with a comment on the fragmented nature ...

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Chinese ASIC Manufacturer To Turn To AI In Case Of Stricter Gov’t Regulation

Due to the recent crypto crackdown in China, Chinese ASIC chip manufacturer Bitmain is turning to artificial intelligence (AI) as an alternate revenue source, Bloomberg reports today, May 17. China’s crypto regulations have included an initial coin offering (ICO) ban in the fall of last year, this January’s ban on “exchange-like services,” and the February ban on foreign crypto exchanges. ...

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

Russian 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 Izvestia reports Wednesday, May 16. Pavel Krasheninnikov of political party United Russia and ...

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Thailand Introduces Cryptocurrency Regulation and 15% Capital Gains Tax – The Merkle

Thailand is looking to enforce its own version of regulation regarding cryptocurrencies. That is much easier said than done, as this new form of money doesn’t adhere to existing guidelines. As was to be expected, the new regulations on cryptocurrencies and ICOs are rather strong. In fact, anyone violating these laws faces major fines and even jail sentences. Thailand Means Business Although the ...

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

Mario Marcel, the president of Chile’s Central Bank, is considering regulating cryptocurrencies in the country in order to monitor risks, local news outlet El Economista 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. During a forum ...

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Government Agencies Are Honing in on Proper Cryptocurrency Regulation in the US

Regulation of cryptocurrencies is a dicey topic. Given the decentralized and trustless nature of such currencies, enforcing active regulation may prove to be challenging. Even so, US officials are inching closer toward achieving such official guidelines for Bitcoin and altcoins. Doing so will solve not one, but two of cryptocurrency’s bigger problems. Bitcoin Regulation in the United States For the ...

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How Japan Is Creating a Template for Cryptocurrency Regulation

Some countries in Asia are feeling the pain of inadequate cryptocurrency regulation, while others, like India, China and South Korea, have taken an uncertain or hostile stance to cryptocurrency. In contrast, Japan is building a clear framework for how virtual currency exchanges, and soon initial coin offerings (ICOs), should operate there. In doing so, Japan is becoming a hotspot for ...

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South Korea to Ease Cryptocurrency Trading Regulation, Highly Optimistic

The newly appointed Korean Financial Supervisory Service (FSS) Governor Yoon Suk-heun has stated that regulation should help the cryptocurrency market grow. He spoke during an address yesterday following the confirmation of his appointment by the nation’s president. Clear Regulation Will Be Good For Cryptocurrency in Korea Yoon believes that the market will stabilise following greater clarity in regulation. This stability ...

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