The Philippines create new regulatory framework for DATO LeapRate

G20 group adopts tough FATF KYC/AML rules: Debate is how to implement

February 06, 2019 BY Mariela Naydenova

The Philippines create new regulatory framework for DATO

The Philippines are moving forward with their regulatory framework regarding digital asset token offerings (DATO). The information comes from ABACA, or the Asia Blockchain and Crypto Association. The regulations are released by the Cagayan Economic Zone Authority (CEZA) and aim to protect investors and regulate the whole cryptocurrency space in the country. Under the new regulations, issues…

February 06, 2019 BY Mariela Naydenova

PayMon - the gold-backed digital coin of Iranian banks

The idea that Iran is going to launch its very own stablecoin has been around for some time now. The country is undeniably working towards liberalizing its crypto space and embracing the technology of blockchain. Reportedly, Iranian banks have already launched their very own cryptocurrency, called PayMon. It is backed by gold. The four Iranian…

February 04, 2019 BY Valentina Kirilova

Iran central bank removes crypto ban and releases draft regulations

Iranian officials have been working diligently in the background, ostensibly to reverse its general ban on cryptocurrencies and to produce a framework that will mesh well with its plans for a national cryptocurrency, to be backed by the Rial and managed by the central bank. The central bank chose the eve of a national Electronic…

January 30, 2019 BY Valentina Kirilova

FCA warns against SMS Crypto Limited firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company SMS Crypto Limited. SMS Crypto Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

Bankenverband,cryptocurrency,digital currency

January 25, 2019 BY Valentina Kirilova

Is cryptocurrency “too small” for regulation? Experts commentary

Many of the speakers at this year's World Economic Forum in Davos, including Kenneth Rogoff, Professor of Economics at Harvard University, have claimed that crypto is “too small” for regulation. Kenneth Rogoff stated: I’ve spoken to the regulators and they very candidly say, ‘Well, there isn't really that much value going on in the [cryptocurrency]…

January 23, 2019 BY Valentina Kirilova

South Korea jails crypto execs for wash trading and volume fraud

For the first time, a judge in South Korea has stepped forward and handed out sentences to two crypto executives for falsifying exchange volume reports and profiting from internal wash trades. The two executives hail from the Komid exchange in South Korea, although one individual is also the CEO of fledgling coin system by the…

January 22, 2019 BY Valentina Kirilova

UK’s FCA is stepping up investigations of cryptocurency companies

In many respects, the world of cryptocurrencies is very reminiscent of the evolution of retail forex trading in the nineties. At that time, every aspect of trading in this new genre was an innovative adaptation of existing technologies, but with an entirely different look and feel. Regulatory agencies around the globe were unprepared for what…

January 21, 2019 BY Valentina Kirilova

Former U.S. Congressman critical of SEC negative approach to cryptos

Not every government official across the globe contends that cryptocurrencies are the scourge of the earth. In fact, there are many of those in and out of authority that have spoken out from time to time in support of digital currencies and have been critical of government agencies that are stifling innovation. One such individual…

January 17, 2019 BY Valentina Kirilova

FCA warns against Bitcoin FX Option clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Bitcoin FX Option. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

January 16, 2019 BY Valentina Kirilova

Malaysian government officials still unclear on legality of cryptocurrencies

Government officials for developed countries have had major problems when having to adjust to the reality of cryptocurrencies in the past few years. Countries with developing economies, however, tend to be more fragile, sensitive to change, and have overreacted on many occasions. China has banned cryptocurrencies. India has what amounts to a “quasi-ban” since its…

Category: Regulation

The Philippines create new regulatory framework for DATO

PayMon - the gold-backed digital coin of Iranian banks

Iran central bank removes crypto ban and releases draft regulations

FCA warns against SMS Crypto Limited firm

Is cryptocurrency “too small” for regulation? Experts commentary

South Korea jails crypto execs for wash trading and volume fraud

UK’s FCA is stepping up investigations of cryptocurency companies

Former U.S. Congressman critical of SEC negative approach to cryptos

FCA warns against Bitcoin FX Option clone firm

Malaysian government officials still unclear on legality of cryptocurrencies

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