Home » Tag Archives: Rules

Tag Archives: Rules

ICOs Can ‘Prove Their Legitimacy’ Under New Crowdfunding Rules, Says EU Lawmaker

The European Parliament’s Committee on Economic and Monetary Affairs is working on new crowdfunding regulations that could extend to some initial coin offerings (ICOs), according to a draft report published August 10. Ashley Fox, a British Member of the European Parliament (MEP), proposes bringing some ICOs within the remit of a new draft regulatory framework for crowdfunding that has been ...

Read More »

Philippines Securities Regulator Issues Draft of ICO Rules, Requests Feedback From Public

The Philippines Securities and Exchange Commission (SEC) has published a set of draft rules for regulating Initial Coin Offerings (ICOs) for public review, according to an official statement August 2. In the SEC’s Memorandum Circular, the agency stipulates that any company registered in the Philippines looking to run an ICO, or any ICO selling tokens to Filipinos, must submit an ...

Read More »

Greek Court Rules to Extradite Alexander Vinnik, Accused of Laundering $4 Bln in Bitcoin

A Greek court has ruled to extradite the alleged former operator of crypto exchange BTC-e, Alexander Vinnik, to France, local news outlet CNN Greece reported Friday, July 13. The 39-year old Russian national Vinnik, also known colloquially as “Mr. Bitcoin,” was indicted by U.S. authorities on charges of fraud and money laundering last year, reportedly involving up to $4 billion ...

Read More »

South Korean Regulators to Introduce New Rules for Crypto and Blockchain

South Korean legislators have revealed drafts of bills intended to develop rules on cryptocurrencies, initial coin offerings (ICOs) and blockchain technology, The Korea Times reported July 11. Lawmakers will reportedly introduce the drafts at an extraordinary session of the National Assembly, which will take place from July 13 to 26. According to the Korea Times, representative Song Hee-kyung of the ...

Read More »

New EU Directive Sets Stricter Transparency Rules for Digital Currencies

The EU Fifth Anti-Money Laundering Directive came into force yesterday, July 9, Cointelegraph auf Deutsch reports July 10. Measures within the directive will set a new legal framework for European financial watchdogs to regulate digital currencies in order to protect against money laundering and terrorist financing. As the EU Commission wrote in an accompanying press release, the new rules enact ...

Read More »

South Korea to Loosen Crypto Rules in Cooperation With G20 Directive

South Korea, a country that has banned ICOs, plans to loosen restrictions on cryptocurrencies based on efforts by G20 to create uniform regulations, according to The Korea Times. The G20 meeting established a July deadline for taking a first step on “unified regulations.” The recent announcement from South Korea is part of a loosening of restrictions on cryptocurrencies as the ...

Read More »

Thailand’s Financial Regulator Outlines Forthcoming Rules on Digital Token Issuance

The Securities and Exchange Commission of Thailand has published a timeline for their digital token regulations to come into force. The regulator stated earlier today that they would take effect from July 16, 2018. Thai Regulations Governing Digital Tokens Will Begin Later This Month According to article in Reuters from today, the SEC of Thailand will require that issuers of ...

Read More »

Court Rules in Cryptocurrency Mining Firm Founders’ Favor

Since our last article on the unfolding situation with the deadlocked Envion ICO, a group identifying themselves to CCN as Concerned Envion Investors have been working to produce evidence that CEO Mathias Woestmann snatched the company from the founders and falsified documents to seal the deal. Now they claim to have that evidence. The case is complex – it centers ...

Read More »

Under New Rules Quebec Crypto Miners Will Be Required to Bid For Electricity

Provincial utility Hydro-Quebec has proposed new rules, under which blockchain companies will be required to bid for electricity and quantify the jobs and investment they expect to generate per megawatt, Hydro-Quebec announced in a press release June 21. The new regime seeks to allocate up to 500 megawatts, in addition to 120 megawatts of already existing initiatives. The starting rate ...

Read More »