Regulation

The world is saying hello to its newest cryptocurrency trading exchange. Known as Bitterz LLC, the exchange is based out of Japan while its parent company is stationed in a small nation in the Caribbean known as St. Vincent and the Grenadines. The firm is celebrating its addition to the crypto space by giving away free bitcoin for customers to enjoy and to get into the trading spirit.Bitterz Is Here and Ready to TradeStarting a crypto exchange is not an easy feat. There is tons of regulation...

Cryptocurrency trading platforms in Hong Kong will soon be subjected to full legal scrutiny as the nation’s financial watchdog plans to release a new regulatory framework. The Hong Kong’s Securities and Futures Commission (SFC) announced that it plans to regulate all cryptocurrency exchanges in the country, Reuters reported Tuesday. Hong Kong has struggled in the past with unclear rules for crypto exchanges. After a first failed attempt in 2018, the country published an...

The Ministry of Financial Services of the Cayman Islands defined Virtual Asset Service Providers to include cryptocurrency service providers which include but not limited to cryptocurrency exchanges, wallet service providers amongst others.The Ministry of Financial Services of the Cayman Islands has announced that it has commenced the regulations of Virtual Asset Service Providers (VASPs) in the country. Per the official press release by the Ministry, the regulatory oversight extends to the...

Following new sanctions by the United States Treasury Department earlier this week, Iran now hopes to use Bitcoin for cross-border settlements, local media reported Thursday. The Iranian government amended its crypto regulations so that miners can redirect cryptocurrencies to Iran’s finance mechanism for international trades as the country’s fiat currency continues to suffer from both the US sanctions and the coronavirus pandemic. Iran Wants Only Legally Mined BTC The amended...

Tomochain, the Singapore-based smart contract platform, has taken another stride towards its aim of hosting government and enterprise applications with its acquisition of Lition, a German company that provides public and private blockchain services. Launched on Ethereum in October 2020, Lition represents a bridge between public and private blockchain use-cases with its ability to delete privately hosted data in accordance with the EU’s General Data Protection Regulation...

What is UTRON?UTRON DeFi is developed as a cutting-edge solution for the mining industry. Its mission is to engage passionate individuals and enterprises to access the industrial mining facility more simply than before. Such factors as low-cost green electricity, an experienced team, favourable government regulations and advanced technology solutions make UTRON one of the most efficient mining operations in the world!Unlike traditional cloud mining services, with Mining Contract, UTRON will...

Ripple has expressed dissatisfaction over the regulatory uncertainty surrounding cryptocurrencies in the United States. Apart from this, the San Francisco-based firm has also decided to act. By moving out of its home turf. But where will Ripple move next? Here are the relocation options. Ripple’s Asia Options: Japan, Singapore & the United Arab Emirates When Ripple’s co-founder and Executive Chairman Chris Larsen threatened to move out of the United States over the...

Ripple is planning a Japan move due to poor U.S. regulations. Other considered locations include the UK, UAE, Singapore, and Switzerland. Blockchain payment services company Ripple Labs Inc may relocate to Japan from the U.S. due to a lack of regulatory clarity. Apart from Japan, the company has also shortlisted some other countries for relocation. Notably, Japan is the most likely country that Ripple may move to if the blockchain firm leaves the U.S.Ripple Eyes Japan as Potential...

According to Ben Weiss, the chief operating officer of Coin Flip, the next big tech company – comparable to the likes of both Amazon and Apple – will not stem from the United States but will instead be created within Asia.Ben Weiss: The Next Tech Company Will Come From AsiaHe says that the United States has fallen behind when it comes to cryptocurrency and the regulation necessary to keep crypto in check. While regulation ultimately goes against the decentralized nature of digital assets, he...

During his appearance on DC Fintech Week 2020, the Acting Comptroller of the Currency Brian Brooks praised decentralized networks, highlighted the expanding role of cryptocurrencies and the necessary regulations, and hinted that central banks could actually become nodes to blockchain networks. Brooks On Crypto And Regulation In Brooks’ opinion, banks have treated cryptocurrency assets as “pawn shops or some other kinds of disfavored businesses that can’t be touched” in the...