Regulation

Thanks to its established know-how in this area, Vinter has built a reliable and accurate tracking methodology for XDC/USD that surmounts thorny areas of token trading like liquidity, all while accounting for regulation and exchange stability.XDC, the native token of XinFin’s XDC hybrid blockchain network, will now be trackable in US dollars via a new regulated single crypto asset index. This initiative is designed to attract greater institutional involvement while acting as a base to launch...

After temporarily breaking the ice on bitcoin regulations, the Indian government is doubling down its efforts to restrain cryptocurrency use. A new bill on the way could place cryptocurrency holders and miners at risk of fines and possible jail time.New Indian Anti-Bitcoin Bill On the CardsA fresh Reuters report claims that India is preparing a new heavy-handed anti-bitcoin bill. Previous regulations in the country targeted the use of private coins, but the new bill will outrightly...

In recent times, Chinese authorities have upped their game and are beginning to pay more attention to the activities of internet companies in the country.Reports have emerged that authorities in China have fined 12 companies within its jurisdiction for carrying out activities that violate the anti-monopoly laws of the Asian country. According to the authorities, the, mostly technological, companies broke the anti-monopoly rules and they have each been fined 500,000 yuan which is approximately...

South Korea’s financial regulator, the Financial Services Commission (FSC), has announced new possible penalties for cryptocurrency exchanges based or operating in the country if they fail to comply with existing anti-money laundering (AML) rules.New Penalties for Crypto Exchanges in South KoreaAccording to the FSC’s statement from earlier today, the newly-announced initiative will affect all virtual asset service providers (VASPs), including digital asset exchanges.The revision proposal for...

A change in the administration of the world’s most dominant economy potentially spells a new era for nascent technologies like blockchain and cryptocurrency.Incoming regulations and policies can either accelerate growth or impede progress. Fully aware of this, America’s leading blockchain group is taking the bull by the horn. It is taking the plunge to make the Biden administration understand the value of cryptocurrencies.Crypto Trade Group Urges Treasury Secretary To Look Beyond The...

Representatives of the Association met with members of the Biden Administration for favorable regulations and to correct “illicit finance” notion on crypto.Blockchain Association, a US-based crypto advocacy group, held a meeting with Biden administrators to champion more conducive crypto regulations. Kristin Smith, the association’s director, led the meeting with high-ranking officials from the Whitehouse. Some of the administrators present were Wally Adeyemo, Deputy Secretary nominee and...

Despite the fact that governments have been kept out of Bitcoin since its inception– they can still influence prices. For many investors, Bitcoin and similar cryptocurrencies signify a highly speculative asset that can not only provide exceptional ROI, but also allow the opportunity for investors of any level to hone their skills at trading. Trading opportunities continue to grow, as DeFi continues to pave the way for institutional interest, while retail and new investor friendly exchanges...

Crypto tax regimes have generally drawn criticism from South Korean crypto enthusiasts who believe the imposed taxes are heavier on cryptocurrency trading when compared with stock investment.Authorities in South Korea are set to implement a 20% crypto tax on all profits made through crypto transactions from January 1, 2022. This is according to a report by the Korean Herald that stated that the country’s Ministry of Economy and Finance announced that crypto transactions would, henceforth, be...

Ripple, the company behind one of the world’s largest cryptocurrencies, XRP, has registered an entity in the state of Wyoming. This follows a clash between the company and the United States Securities and Exchange Commission (SEC). Nevertheless, the price for XRP has surged by about 15% today after Caitlin Long broke the news on Twitter.Ripple Goes to WyomingWyoming is one of the states in the US which is known for its hard work towards creating a friendly cryptocurrency regulation framework....

Many regulators – including Hester Peirce of the Securities and Exchange Commission (SEC) – are claiming that more legislation and monitorization of the cryptocurrency space is necessary if digital assets are going to continue to be adopted by huge companies.Peirce Wants More Rules in the Crypto SpaceOver the past few weeks, several large tech and financial companies – such as Tesla – have invested money into bitcoin, the world’s largest and most popular digital currency. In addition, Tesla...