Tag Archives: Regulations

Financial institutions in South Korea may soon be able to launch Bitcoin derivatives and other crypto-based products as part of the country’s effort to make crypto a legal asset.The South Korean presidential office of the 4th industrial revolution Commission published a document advising the Korean government on some policies they could use as a roadmap to institutionalize cryptocurrencies, according to Business Korea, on Monday.The Commission suggested that the Bitcoin should be listed...

As the new year begins, Qatar’s Financial Center, the nation’s regulatory authority, has issued a blanket ban on cryptocurrency-related services in the Gulf nation. The prohibition covers not only cryptocurrencies but “anything of value” that could substitute fiat currencies.Qatar Bans CryptocurrenciesThe Qatari Financial Center, which is also the nation’s regulatory authority, has issued a statewide ban on cryptocurrencies and other digital assets that might substitute traditional fiat.Per...

The slightly negative attention from institutions towards Facebook’s Libra continues with the German Central Bank’s President Jens Weidmann, saying that they have to slow it down with further regulations. He also notes that banks must improve their payment systems and the E.U. should be more considerate regarding launching e-euro.Weidmann On Digital EuroEver since Facebook announced its plans to create a stablecoin, dubbed Libra, the world has turned its attention towards this sort of digital...

The case between the U.S. Securities and Exchange Commission (SEC) and the encrypted messaging platform Telegram takes another turn. The latter has reportedly refused to hand over financial details regarding its ICO from two years ago, which was recently requested by the market regulator.Telegram Does Not Want To ShareAfter raising over a billion dollars in two token sales in 2018 for the development of its Telegram Open Network (TON) blockchain, the company attracted a lot of attention to...

Good news for cryptocurrency traders in South Korea as profit generated from crypto trading will not be subjected to tax, according to a recent announcement from the country’s Ministry of Finance and Strategy.The Ministry clarified that the current tax law does not consider crypto trading gains as taxable income; thus, Korean crypto traders are not required to pay taxes on the profits they earn from crypto trading for the time being. However, crypto traders in the country may not be exempted...

The most talked-about news in the cryptocurrency community in the last few days came from the largest video giant, Youtube.Without prior notice, the giant started banning and removing crypto-related videos due to “harmful” content. Still, according to YouTube, it’s not a crypto ban, rather a ‘mistake’, and everything should be restored.Youtube’s Reasoning Behind The Crypto PurgeAs CryptoPotato reported two days ago, YouTube started marking cryptocurrency-related channels. Among the channels...

A few days after the first complaints from crypto influencers regarding having their YouTube videos removed, it appears that things are starting to escalate. The number of affected content creators keeps rising since then, and the community wonders on what could be the needed solution in this case.Youtube Bans Crypto ChannelsThe largest content-sharing platform in the world, YouTube, is continuing its latest actions against some cryptocurrency influencers and content creators. As Cryptopotato...

December is almost over, and it’s safe to say that it has been action-packed. Over the past week, Bitcoin’s price went on a rollercoaster, dropping to a low of around $6,500 only to correct to approximately $7,200 where it currently trades, leaving many to question whether the bottom was already in. Looking at the bigger picture, however, one year ago, Bitcoin was trading at around $3,122, which means that it has managed to more than double its value.It’s worth noting that while the price was...

Cryptocurrency companies and services based in the EU have less than a month to adjust their business operations to comply with a new set of rules. As of January 10th, The Fifth Anti-Money Laundering Directive (5AMLD) will be in effect, requiring KYC, and monitoring all transactions.5AMLD In Action From JanuaryRegulators across the world have struggled with putting cryptocurrencies within a certain legislative framework. The European Union is on its way to put in effect an updated legislation...

The U.S. court has reportedly dismissed the law case for $150 million against the popular cryptocurrency derivatives exchange, FTX. The initial reasoning behind the lawsuit was market manipulation and unlicensed securities sales, but the court has not found any solid grounds to continue with the lawsuit.Cryptocurrency Exchange FTX ExoneratedEarlier this year, the cryptocurrency derivatives exchange FTX was accused of the sale of unlicensed securities in the U.S. and market manipulation. It...