Category: Regulations

News Treasury ministry plans strong regulations of Bitcoin

Treasury ministry plans strong regulations of Bitcoin

United Kingdom Treasury wants to crack down on Bitcoin since there are growing concerns of its use in money laundering and dodging taxation and will implement a regulation that requires cryptocurrencies to disclose their identities and report suspicious activity. The new law is expected next year. The treasury committee is not convincing that the regulatory …

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News South Korea finalizing regulation for crypto exchanges

South Korea finalizing regulation for crypto exchanges

South Korea is working on a law to regulate cryptocurrencies to curtail the risks surrounding its use such as lack of customer protection and money laundering, says the country’s Financial Services Commission. If implemented, the proposal will categorize cryptocurrency exchanges such as Bithumb, Coinone, and Korbit as “unauthorized fundraising” but will allow them to run …

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News Bitcoin market has loose regulations: Japanese cryptocurrency researcher

Bitcoin market has loose regulations: Japanese cryptocurrency researcher

Japan- largest Bitcoin market in the world in terms of trade volumes but has loose regulations for the business and investors according to Koji Higashi, the co-founder of IndieSquare and Japanese cryptocurrency researcher. He also says there is loose customer protection by government, which has given much freedom to cryptocurrency exchanges. Japan has a legal …

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