Japanese Crypto Associations Merging to Restore Trust Across the Industry

Japan’s two cryptocurrency associations have reportedly decided to merge in order to restore trust in the industry and accelerate self-imposed rules. Once approved by the Japanese financial regulator, the new organization will have the power to set penalties for breaches of self-regulation. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Two Crypto … Read more

Berkshire Hathaway: Bitcoin Is Disgusting, Detestable, Noxious Poison

Daily Journal’s annual shareholder meeting usually involves Berkshire Hathaway’s vice chairman, Charlie Munger, giving his overview of things economic. This Valentine’s Day, the 94-year-old right-hand man of Warren Buffett took the opportunity to savage the world’s most popular cryptocurrency, bitcoin. Also read: Citibank India Bans Bitcoin  Berkshire Hathaway Wants Cops Unleashed on Bitcoin If it’s not … Read more

Seven UK Companies Form Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read: Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK Trade Body Seven leading … Read more

Hong Kong Crypto Traders Turn to U.S. Futures Markets

An increasing number of Hong Kong-based cryptocurrency traders are reportedly turning to U.S.-based bitcoin futures. The shift away from domestic markets has been spurred by a perception that the American futures markets receive greater regulatory oversight than Hong Kong’s unregulated cryptocurrency exchanges. Also Read: Bank of Thailand Bans Banks From Cryptocurrency Activities Demand for Exposure to … Read more

Korean Government Answers Petition Against Unfair Cryptocurrency Regulations

The South Korean government has officially responded to the popular petition, with over 20,000 signers, against unfair cryptocurrency regulations. The regulators defended their crypto measures and outlined additional regulatory plans. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Popular Petition Answered South Korea has answered the petition entitled “Has the government ever dreamed … Read more

Bank of Thailand Bans Banks From Cryptocurrency Activities

The Thai central bank has prohibited financial institutions in the country from five key cryptocurrency activities, including banning customers from buying cryptocurrencies with credit cards. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Banks Banned From 5 Crypto Activities The Bank of Thailand (BOT) issued a circular on Monday asking “financial institutions … Read more

Bank for International Settlements Demands More Global Cryptocurrency Regulation

The increase in the popularity of all cryptocurrencies has not gone by unnoticed. In fact, we’ve seen a lot more opposition from banks and governments in this regard, and it seems this “crackdown” will not relent anytime soon. Most recently, the Bank for International Settlements stated that it wants authorities to prepare additional regulations to … Read more

Dubai Issues License to Cryptocurrency Firm

The largest free economic zone in the UAE, with zero percent personal and corporate income tax, has started issuing licenses to firms trading cryptocurrencies. The first license has been issued to a gold trader that has recently started offering cryptocurrency services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Attracting Crypto Businesses … Read more

Russia Drafts Bill to Accredit ICO Issuers – Public Comments Wanted

The Russian government is drafting a bill to introduce the accreditation of initial coin offering issuers. Accredited organizations must comply with a set of rules, including having 100 million rubles capital, and are subject to inspections every three years. The regulators are currently accepting public comments on the proposal. Also read: Japan’s DMM Bitcoin Exchange Opens … Read more