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Joseph Stiglitz, the former chief economist of the World Bank and Nobel laureate, has predicted that cryptocurrencies will be “regulated into oblivion” in future, with Mr. Stiglitz saying that BTC may be “worth just $100 in 10 years.” Also Read: Philippines Embraces Cryptocurrency: Exchanges Issued Provisional Licenses Nobel Laureate Predicts Future Regulatory Onslaught Targeting Crypto In … Read more
The Japanese regulator has issued business improvement orders to six of the country’s 16 fully-licensed crypto exchanges including Bitflyer, Quoine, and Tech Bureau. The agency confirmed to news.Bitcoin.com that at least one of the six exchanges has some form of involvement with the Yakuza. Responding to the improvement order, Bitflyer has halted new account registrations. … Read more
Overstock.com’s Tzero is planning to launch a regulated exchange for security tokens in collaboration with Box Digital Markets. The companies will seek the approval of the U.S. Securities and Exchange Commission for the new exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Security Token Exchange Overstock.com’s fintech subsidiary t0.com Inc (Tzero) and Box … Read more
United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry. Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov SEC … Read more
The Japanese financial regulator has targeted another cryptocurrency exchange for improvement after an on-site inspection revealed inadequate standards. The exchange must comply and submit a written report next month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Another Exchange Punished The Japanese Financial Services Agency (FSA) has issued another “administrative punishment order” to a … Read more
A global study of cryptocurrency purchases made by users of Visa, Mastercard, and Unionpay cards shows that 89% of respondents are knowledgeable about crypto and 53% have purchased some in the past 12 months. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Global Study Global payment service provider Worldcore reportedly conducted a study … Read more
The Chairman of the Thai Fintech Association (TFA) and Thailand’s Former Finance Minister, Korn Chatikavanij, has offered his support for recent proposals that Thailand’s Securities and Exchange Commission (SEC) should be tasked with developing and enforcing cryptocurrency regulations. Also Read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce Thai Fintech Association Chairman Supports SEC Regulation of … Read more
Litigation has been filed in an Indian High Court by a public prosecutor of cybercrime cases. Claiming that cryptocurrencies facilitate crime, he calls for their immediate ban or regulation. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Litigation Seeks Immediate Intervention A public interest litigation (PIL) was filed with the … Read more
