In India, it has been a year since its central bank effectively issued a ban on cryptocurrencies by forbidding its banking members from providing service to any crypto related company. Investors may still trade, but at least two exchanges have shut their doors, claiming a lack of basic transaction accounts in the domestic banking system…
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The Russian president is getting serious about regulation of cryptocurrencies. Russia is probably one of the most controversial countries when it comes to decisions and stance against and for cryptocurrencies. Now, however, Putin has put a new deadline for the government to adopt specific cryptocurrency regulations. The information comes from the official website of the…
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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]…
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While the US State of Ohio may have become the first US state to accept cryptocurrencies for tax payments, New York is the first state to form a special cryptocurrency task force that will study how to define, user and regulate digital coins in the most suitable way. New York State Governor, Mr. Andrew Cuomo,…
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UK financial regulator the Financial Conduct Authority (FCA) has announced that, as part of an HM Treasury led Cryptoasset Taskforce, it has co-published a report on the UK’s policy and regulatory approach to cryptoassets. Among other things (see below), the FCA said that it is looking at a full ban on crypto related CFD trading…
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Japan has long been in two minds as to how approach the growing cryptocurrency market. Japan was a very pro-Bitcoin country, one of the few to allow certain companies to pay their employees in Bitcoin, instead in Japanese yen. Japan has taken the next step in proving its pro-crypto status, as it just granted the…
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The Securities Commission Malaysia (SC) has just announced that it has issued a notice directing the promoter of Lavidacoin to cease all promotional activities in relation to Lavidacoin with immediate effect, pending further review by the SC into the matter. DSV Crypto Club, LUX Galaxies and VI Profit Galaxy, who were found to be promoting…
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Canada has decided to put off the cryptocurrency regulations, which were due this autumn. They were supposed to publish the regulations in the Canada Gazette, but that will not happen until some time in 2019. Canada is one of those countries that cannot be categorised as "pro" or "against" cryptocurrencies. Essentially, since the country is…
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