Chinese Authorities Ask Local Miners to Submit Monthly Status Reports

Xinjiang Province regulators have issued an official document informing local bitcoin miners to submit status reports on a specific schedule. Also Read: Japanese ‘Virtual Currency Girls’ Spreading Cryptocurrency Knowledge     An Orderly Exit Bitcoin mining companies were told to write a status report before Jan. 5, according to a government notice signed by a Xinjiang … Read more

Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January

The government of Vietnam has taken steps to accelerate the adoption of cryptocurrency regulation that will affect Bitcoin. The executive power in Hanoi has insisted that the framework should be ready by the end of January. Amendments to the tax code are expected to help tap into proceeds from “virtual property and digital money”. Also … Read more

Korean Government Starts Inspecting Major Banks for Crypto Regulation Compliance

The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move follows the regulators’ recent announcement prohibiting the use of virtual bank accounts for anonymous trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Inspecting 6 Major Banks The South Korean Financial … Read more

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

Indians Confused Over Crypto Taxation – Exchanges Ask Government to Clarify

The Indian government has been cracking down on cryptocurrency-related tax evasion. While the tax authority has notified crypto exchanges and wealthy traders that they must pay taxes, no clear guidelines have been provided. Indians are confused about how cryptocurrencies are taxed and seven bitcoin exchanges are asking the regulators for clarification. Also read: Russian Regulators Draft … Read more

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks

Major South Korean exchanges are on a hiring spree. The demand for cryptocurrencies and the government’s mandate for stronger security systems are driving the need for additional manpower at crypto exchanges. Their attractive employment benefits and flexible work environment are pulling workers from traditional banks and financial companies. Also read: Russian Regulators Draft Law to Restrict Crypto … Read more

French Entrepreneur’s Case to Overturn the Bitlicense Dismissed

This week the longstanding New York Supreme Court case involving the state’s Bitlicense was dismissed. The lone bitcoin entrepreneur, Theo Chino, who has been fighting in court for years, relentlessly trying to get the regulatory framework created by Ben Lawsky overturned, says he will appeal the decision. Also read: African Central Banks Should Ditch Dollar, … Read more

Bitconnect Slapped with Securities Emergency Cease and Desist Order

On Thursday the Texas Securities Commissioner (TSC) signed an Emergency Cease and Desist Order to stop Bitconnect from operating. The mysterious company is a popular bitcoin lending platform with a 4.1 billion USD market capitalization, and is long accused of being a scam. Also read: African Central Banks Told to Ditch Dollar and Buy Bitcoin … Read more

BTCC Founder Positive the PBOC Will Remove China’s Exchange Ban

This week the founder and CEO of the trading platform BTCC, Bobby Lee, was featured on the broadcast ‘Squawk Box’ and spoke about last year’s banning of Chinese bitcoin exchanges. Lee believes that it’s “only a matter of time” until the central bank will allow cryptocurrency exchanges to open up shop again. Also Read: These Dutch … Read more