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Tag Archives: Regulations

Japan Reclassifies Crypto While Hong Kong Tightens Regulations

Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies. FSA to Change Moniker for Crypto Japan’s Financial Services Agency has made moves to label Bitcoin and altcoins under one category ...

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Abkhazia Eyes Crypto Mining Regulations amid Fears of Winter Power Shortages

A state-run energy company in Abkhazia is calling for the regulation of cryptocurrency mining activities to avoid the partially recognized republic being plunged into darkness this winter. According to Eurasianet, the cryptocurrency mining farms in Abkhazia, which are mostly located in abandoned Soviet factories, are guzzling a significant amount of electricity. As a result, it is feared that the shaky ...

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Bahrain Central Bank Publishes Draft Cryptocurrency Regulations

The central bank of Bahrain has kicked off a consultative process on cryptocurrency platforms in the kingdom by publishing the relevant draft regulations. According to the Bahrain News Agency, the draft rules — which target the operations of crypto-asset platforms — aim to provide a regulatory framework for the supervision and licensing of these services. Additionally, the draft rules contain ...

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Bahrain’s Central Bank Publishes Draft Regulations on Crypto Assets

Bahrain’s central bank has issued draft regulations on digital assets, Reuters reports Friday, Dec. 13. According to Reuters “the central bank said it had issued for consultation draft rules for crypto asset platform operators, providing regulations for the licensing and supervision of crypto asset services.” Bahrain’s central bank has reportedly stated that the proposed regulations include “measures to safeguard customer ...

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US Needs ‘More Nuanced’ Cryptocurrency Regulations: Academic Paper

United States’ cryptocurrency regulations are creating a problematic image for the country as an innovator and it needs a “more nuanced approach.”  Two university professors have made this claim in an article Friday, Dec. 7, referring to a paper originally published Nov. 16. Discussing the current regulatory setup governing cryptocurrency, Carol Goforth of Oxford University and Arkansas School of Law’s ...

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Two US Bills Focus on Cryptocurrency Market Manipulation and Improving Regulations

Two new bills focusing on cryptocurrency market manipulation aim to “position the United States to be a leader in the cryptocurrency industry,” their sponsors claimed Dec. 6. The bills, dubbed “The Virtual Currency Consumer Protection Act of 2018” and “The U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018” will go before the House of Representatives having been compiled ...

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Japan Updates ICO Regulations While BitTrade Joins Huobi Family

Japan’s crypto friendly status has been achieved through a solid regulatory framework which protect investors without stifling trading or innovation. This has been strengthened this week when its financial watchdog announced plans for further ICO regulation. ICO Regulation for Investor Protection Earlier this week Japan announced that it was ready to launch ICO regulations to protect investors from the ever ...

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Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront. Currently, whether a cryptocurrency-related business is ...

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Japan’s Financial Regulator to Introduce New ICO Regulations

Japan’s financial regulator is set to introduce new Initial Coin Offering (ICO) regulations to protect investors from fraud, local news outlet Jiji Press reported Dec. 1. According to “informed” sources cited by Jiji, business operators conducting ICOs will be required to register with Japan’s Financial Services Agency (FSA). The agency is reportedly planning to submit bills revising financial instruments, exchanges ...

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Amendments to Anti-Money-Laundering Regulations Will Tighten Crypto Regulation

The Estonian Ministry of Finance will shortly add amendments to a recently-passed financial bill that are meant to “tighten” crypto-related regulation, Estonian financial newspaper Äripäev reports Nov. 28. According to the article, a new version of the Anti Money Laundering (AML) and Terrorist Financing Prevention Act came into force this week in Estonia, conforming legislation to the EU’s so-called “Fourth ...

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