Category: Regulation

Japan’s New Crypto Regulation Approach Will End Scams And Improve Adoption

Japan has offered new life to cryptocurrencies by unveiling plans to allow the crypto industry to become self regulatory. This move is expected to help the industry in cleansing itself from scams and other fraudulent acts that are prevalent in the cryptocurrency industry. In a statement released by Japan’s Financial Services Agency(FSA), the anticipated self…

Cryptocurrency

Indian Supreme Court Issues 2-Weeks Crypto Policy Deadline To Government

The cryptocurrency community in India will be presented with a final decision with regards to the prevailing regulatory frameworks within the country borders two weeks from the date of publishing. This is based on the deadline given to the Indian government by the country’s supreme court to come up with an official position on cryptocurrencies,…

Cryptocurrency

Unocoin Founder Arrested For Installing Bitcoin ATM Machine In Bangalore

The police in Bangalore has arrested the co-Founder of Unocoin , Harish BV for what it describes as an illegal installation of an ATM kiosk at Kemp Fort Mall on Old Airport Road. According to reports from the English-Language daily Times of India on Oct 24, Harish BV and Sathvik Viswanath, who are both co-Founders…

Exchanges

Decentralization and Regulation are Hanging On a Delicate Balance

The idea of regulating the blockchain and cryptocurrency ecosystem and other decentralized technologies seem to hang on a delicate balance. What would be an elusive meeting point between regulatory bodies and the decentralized community is a major reason why an acceptable regulatory framework is yet to be achieved. Regulatory concerns over cryptocurrencies revolve around consumer…

News

Zimbabwe Has Once Again Killed Innovation

The President of the Zimbabwe Blockchain Institute (ZBI), Prince Sibanda has stated that the recent ban of Cryptocurrency in the southern African country by the Central Bank is counterproductive and uncalled for. Speaking to Cryptodolfin in the city of Bulawayo on Saturday, he insisted strenuously the move will annihilate innovation and financial freedom. “The Reserve…

News

Cryptocurrency Regulation, Good or Bad?

A recent Bloomberg report outlined a plan by the European Union to come up with a common framework for regulating the use and trade of cryptoassets.. Under the proposed framework, regulators will gain enhanced powers over crypto exchanges to ensure compliance with Anti Money Laundering (AML) and Know Your Customer (KYC) rules in an effort…

Cryptocurrency