South Korean Banks Get Flash Probe Into Cryptocurrency Exchange Ties
This week will see six Korean banks probed for legal compliance as they serve cryptocurrency exchanges. #BRIEF Go to Source Powered by WPeMatico
Bitcoin Regulation
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British Bank Says “No” to Crypto Firms from Gibraltar
Less than a week since it started licensing blockchain businesses, Gibraltar has received bad news from the United Kingdom. A leading British bank has refused to process orders from crypto firms based in the overseas territory. Gibraltan banks are now on the lookout for another UK banking partner. Also read: Britain: Where You Can Bet … Read more
EU Amends AML Laws for Cryptotrading as US Ponders: Expert Blog
Cryptocurrency regulation becomes tighter as some new money laundering and drug trafficking schemes are revealed. #EXPERT BLOG Go to Source Powered by WPeMatico
‘Go Beyond Headlines, Hype to Find Crypto Risks’ Urges Idaho Finance Chief
The US’ varying approach to crypto continues with two more states issuing warnings this week. #BRIEF Go to Source Powered by WPeMatico
Texas Regulator Orders Bitconnect to Cease and Desist Marketing ‘Securities’
Attention shifts from national regulators to states, as Texas Securities Commissioner issues cease and desist order against Bitconnect for marketing unregistered securities to its citizens. #BREAKING Go to Source Powered by WPeMatico
Bitcoin Violates Sharia Law Says Egypt’s Highest Religious Official, Issues Fatwa
Egypt’s highest official of religious law has determined that Bitcoin violates Islamic law because it’s not a currency and is supposedly used to finance terrorism. #NEWS Go to Source Powered by WPeMatico
India Falsely Condemns Bitcoin as Ponzi Scheme, Flawed Logic
Indian Finance Ministry condemns Bitcoin, says it is Ponzi-scheme-like, with flawed arguments. #REGULATIONS Go to Source Powered by WPeMatico
India’s Ministry of Finance Compares Bitcoin and Cryptocurrencies to ‘Ponzi Schemes’
In a statement issued by the ministry on Dec. 29, 2017, the finance agency reiterated that there is a real and heightened risk of an investment bubble in the cryptocurrency market that is similar to Ponzi schemes. Go to Source Powered by WPeMatico
South Korean Government Stressing Over “Irrationally Overheated” Bitcoin Market
South Korea’s government sees Bitcoin price as “irrationally overheated,” reiterates its authority to shutter exchanges if needed. #REGULATIONS Go to Source Powered by WPeMatico
Bitcoin Policies Should Protect Investors, Not ‘Feed the Frenzy,’ Ex-FDIC Chair Bair
In her op-ed article that was published on Yahoo Finance in late December 2017, Sheila Bair said that governments should ensure that policies covering digital currencies shouldn’t feed the frenzy and should not make their own value judgments about Bitcoin. #NEWS Go to Source Powered by WPeMatico
