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Tag Archives: SelfRegulation

U.S. Cryptocurrency Exchanges Set to Meet in September to Discuss Self-Regulation

A working group led by cryptocurrency exchange Gemini will hold its first meeting in September to discuss forming a self-regulatory organization (SRO) to oversee the burgeoning U.S. crypto trading market. Announced on Monday, the Virtual Commodity Association (VCA) initially includes participation from four cryptocurrency exchanges that serve U.S. customers: Gemini, Bitstamp, Bittrex, and bitFlyer USA. Representatives from these firms will ...

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U.S. Think Tank, AEI, Argues for Self-Regulation of Cryptocurrencies

The U.S.-based political think tank, American Enterprise Institute, recently published an essay arguing for the self-regulation of the cryptocurrency industry and said that government regulation should only be used as a last resort. Broynwyn Howell, author of the essay, started off by mentioning how it is understandable for governments that see the price volatility and technical complexity of cryptocurrencies to ...

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Almost 9 out of 10 Crypto Execs Want ‘Formalized’ Industry Self-Regulation: Research

Eighty-six percent of cryptocurrency firms’ executives and investors want the industry to self-regulate, new research published this week reveals. Part of the 2018 Cryptocurrency Survey by international law firm Foley & Lardner LLP, the majority of respondents also tipped Bitcoin to become the cryptocurrency of choice for transactions in the long term. The firm questioned a total of 62 figures ...

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Japanese Cryptocurrency Firms Draft Policies of Self-Regulation

Companies associated with the Japanese cryptocurrency industry are trying to increase consumer protection and transparency with a set of self-policing regulations. The rules aim to tackle issues such as insider trading and security compromises at exchanges amongst others. Japan: New Policies Aim to Protect Exchanges and Their Users The Japan Virtual Currency Exchange Association (JVCEA) is behind the initiative that ...

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Japanese Crypto Exchanges Plan for Self-Regulation

A total of 16 Japanese crypto exchanges have joined together to form a new crypto association. The goal? To self-regulate cryptocurrencies in order to regain the public’s trust of the crypto industry as a whole. News outlet Nikkei reported that the Japanese crypto exchanges are looking towards self-regulation as a way to “rebuild public trust battered by high-profile theft.” More ...

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South Korean Cryptocurrency Exchanges Unveil Self-regulation Guidelines

South Korean cryptocurrency exchanges aim to self-regulate this industry. That decision has been known for a while now, yet the official rules were unveiled last night. This approach will help provide a more legitimate image for the different cryptocurrencies gaining traction in the region. Additionally, it will also foster a vibrant blockchain ecosystem. South Korea and Self-Regulation Several weeks ago, ...

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Japan: Crypto Group Merger For Self-Regulation Is ‘Not… | News

Japan’s two cryptocurrency industry groups will reportedly merge to form a legally-sanctioned self-regulatory body following talks held Thursday, Feb. 15. The Japan Blockchain Association (JBA) and Japan Cryptocurrency Business Association (JCBA) should become a singular entity from April 1, mainstream media suggest. The move follows demands from regulators that only one body make legal decisions, part of requirements which became ...

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Japanese Crypto Associations Merge for Self-Regulation

The crypto industry in Japan is still reeling from the half million dollar Coincheck heist last month. The fallout from one of the largest digital currency hacks in history was wide reaching. Further calls for safeguards and regulation have been made in what is currently the world’s most crypto friendly nation. Rather than a heavy handed approach from the government, ...

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Cryptocurrencies and Market Abuse Risks: It’s Time for Self-Regulation

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. This opinion article is penned by Roy Keidar, Adv., special counsel at Israeli law firm Yigal Arnon and co & Stephane Blemus, legal counsel at Kalexius law firm, and PhD candidate on blockchain regulation at Paris Sorbonne University, France. The views expressed are those of the authors alone ...

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