South Korea Law Firm Fights New ‘Unconstitutional’ Crypto Trading Regulations
Seoul-based law firm prepares to fight new crypto trading regulations in the country, calling them ‘unconstitutional’. #NEWS Go to Source Powered by WPeMatico
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Korean Lawyers Take Government to Court over Crypto Regulation
A law firm from Seoul has decided to address arbitrary measures taken by authorities to regulate cryptocurrency trade. Korean lawyers have filed an appeal accusing their government of “unconstitutional” infringement on property rights. Newly imposed rules are devaluing virtual currencies, they say. Also read: Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017 … Read more
South Korea Expected to End Anonymous Crypto Trading by January 20
The South Korean government has been working on a system to enforce real-name identity verification on cryptocurrency traders. This system is expected to be implemented around January 20, thus ending the current practice which allows for anonymous crypto trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Government’s Real-Name System … Read more
Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017
The South Korean government has for the first time obtained data of the total amount of fiat deposits made at cryptocurrency exchanges. At the end of last year, the amount of deposits was 64 times higher than in the previous year. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Koreans … Read more
South Korean Exchanges Revise Policies to Comply with Crypto Regulation
South Korea’s cryptocurrency exchanges have implemented changes to comply with the government’s mandates announced last week. In addition to restricting certain customers from trading cryptocurrencies, the exchanges have stopped issuing new virtual accounts in accordance with the regulators’ real-name requirements. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Government’s Mandates … Read more
Korean Exchange Youbit May Avert Bankruptcy – Members Have 3 Options
South Korean exchange Youbit filed bankruptcy last week but has now come up with additional options to pay back its members. The exchange is asking them to vote between three options. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Youbit’s Bankruptcy Filing Youbit exchange’s operator Yaffian filed bankruptcy on December … Read more
The Satoshi Revolution – Chapter 3: Exchanges – Exchanging Liberty for Convenience? (Part 6)
The Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 3: Trying to Undo Satoshi by Wendy McElroy Exchanges – Exchanging Liberty for Convenience? (Chapter 3, Part 6) The best “TTP” of all is one that does not exist, but the necessity for which has been eliminated by … Read more
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
Growth of Bitcoin, Blockchain Development in India: 2017 in Review
Despite the Indian government’s reluctance to embrace Bitcoin, the digital currency and its underlying Blockchain technology had a banner year. 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
