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Tag Archives: Strict

Does the Fall of $158M Crypto ICO Show Necessity of Strict Regulation?

Recently, Sirin Labs, an initial coin offering (ICO) project that raised $158 million during the bull market of 2017, made the headlines for its controversial pivot from a hardware-based business model to supplying software to mobile phone manufacturers. According to a report released by Bloomberg, nearly a year since the ICO, the company has not been able to generate any ...

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Cryptocurrency Mining Farms In China Shut Down For ‘Strict’ Tax Inspections

Twitter Facebook LinkedIn Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local daily Cong News. As a result, the mines lost about 1 million yuan (or roughly $143,700) a day during the ...

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China’s Internet Agency Regulator Has Strict Demands For Blockchain Startups

China’s central internet regulator has issued strict rules targeting blockchain companies and entities operating in China. The Cyberspace Administration of China has published draft regulations on Friday demanding blockchain-based information service providers to register users using real names, national identification numbers, censor postings and store user data. The regulations follow an open letter posted by a Chinese student activist on the web in April regarding ...

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Relocating to Blockchain Island Due to Strict Regulations

Zebpay, India’s largest cryptocurrency exchange, is heading for Malta! Following in the footsteps of major platforms Binance and OKEx, the exchange has had no choice but to move its operations to the ‘blockchain island’ amid strict regulations in India. Zebpay Moves to Malta The exchange shut down its operations in India last month, due to strict regulations issued by the ...

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Chinese Gov’t Reiterates Strict Stance On Crypto, Focuses On Illegal Fundraising

The Chinese government has recently reiterated its negative stance towards Initial Coins Offerings (ICOs) and cryptocurrency exchanges at a news conference in Beijing, claiming that financial authorities will continue to monitor private lenders’ interest rates, securities companies, and futures firms to combat illegal fundraising, Reuters reports April 23. In a joint statement provided by several regulators, the People’s Bank of ...

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China’s Crypto Innovators Not Fazed By Bans Or Strict… | News

While China has spent the past year implementing a series of prohibiting regulations that have made it almost impossible for the cryptocurrency industry to thrive within the country, Chinese crypto enthusiasts have not let government regulation prevent them from moving forward with crypto and Blockchain innovation. Operating in China within the limits of the many restrictions related to crypto  — ...

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Proposed Cryptocurrency Regulation Too Strict

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Russian presidential candidate Boris Titov is the latest individual to weigh-in on the draft law proposed by Russia’s finance ministry to regulate cryptocurrencies, as he believes the requirements outlined are excessively strict. Taking a very controversial position, Titov believes the regulatory requirements on cryptocurrency and blockchain related ...

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