Tag Archives: Regulations

Good news came from Eastern Europe as the legislative arm of Ukraine, the Verkhovna Rada, has reportedly adopted an amended draft law that seeks to introduce cryptocurrencies as a legal means of payment and investment within the country.According to a report, this development is an effort to work in accordance with the Financial Action Task Force (FATF) global standard for cryptocurrencies, which requires participating countries to provide guidelines for their individual crypto space. The...

South Korea’s national policy committee, part of the country’s National Assembly, has reportedly passed a bill which categorizes cryptocurrencies as digital assets. The move will supposedly pave the way for businesses and sets rules and requirements for their further operation.Cryptocurrency Bill Passes Korea’s National Policy CommitteeAccording to a report from local media Korea JoongAng Daily, the National Assembly’s national policy committee of South Korea has passed a bill which...

Andreas Antonopoulos, one of the most popular Bitcoin proponents, shared his views on the matter of cryptocurrencies and the global financial system in a recent YouTube interview. He discussed Bitcoin’s current and future role in the financial world while also touching on regulations, as well as governmental actions towards digital and fiat currencies.Broken Traditional Financial SystemIn a recent interview, Antonopoulos, who is also a host in the famous Let’s Talk Bitcoin podcast, shared his...

The cryptocurrency market has spiked the interest from the media and regulators over the last several years. Its actual lack of established regulations leads to numerous alleged criminal activities, and the U.S. government is reportedly preparing to act against potential money-laundering schemes.The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, has recently said that the country is looking for a way to introduce more strict enforcements on several...

Heath Tarbert, the Chairman of the US Commodity Futures Trading Commission (CFTC), said at a conference yesterday that the country should increase its involvement in digital currencies and blockchain. He also called for action in terms of regulatory clarity.The U.S. To Lead Blockchain InnovationsThe chairman of the CFTC attended a conference on Tuesday and spoke about the involvement of US officials in blockchain and digital assets, in general. According to him, the country should be more...

Hong Kong’s financial regulators will introduce a new framework for cryptocurrency exchanges, after the unsuccessful first attempt from last year. An official from the Securities and Futures Commission (SFC) in the city informed that the new version should be published today.Hong Kong To Regulate Crypto ExchangesDuring a FinTech conference taking place in Hong Kong, the head of the SFC, Ashely Alder, announced that they will issue a new regulatory format. Purportedly, by including...