Phony PBOC Email Sent to U.S. Media Aimed to Manipulate BTC Price

According to reports on Tuesday, a large quantity of U.S. media outlets were sent an email from an individual claiming to be a representative of the People’s Bank of China (PBOC). The message contained a phony invitation to a press conference between the media, the PBOC, and the Hong Kong Monetary Authority (HKMA) and said … Read more

No Strong Case to Ban Crypto Trading, Singapore Says

The Monetary Authority of Singapore has been studying cryptocurrency developments and there is no strong case to ban crypto trading, a high-ranking government official told lawmakers. The adoption of regulations in other countries in the region has increased pressure on authorities in the city-state to clarify their stance on bitcoin, as more crypto companies in … Read more

The European Commission Loves Blockchain’s Transparency – Except for When It Doesn’t

Government officials can’t seem to make their minds up about bitcoin. Politicians like the underlying technology, they are prone to insist, but aren’t sure about the cryptocurrency itself, which is used by criminals to launder money, they reiterate. In as many weeks, European Commission-affiliated groups have issued two seemingly contradictory statements on the matter. Either … Read more

Most Crypto Traders in South Korea Remain Anonymous Despite Regulations

Most cryptocurrency investors in South Korea remain anonymous without moving their accounts to the government-mandated real-name system. So far, less than 10% of crypto traders have converted their virtual accounts into real-name ones. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 8% Conversion Rate So Far The real-name system for cryptocurrency exchange … Read more

Indian Government Leans Toward Calling Bitcoin an Asset

There seems to be a fair amount of uncertainty and misinformation regarding India’s stance on Bitcoin and cryptocurrencies. More specifically, a few news outlets have reported that the country would ban Bitcoin altogether. There’s no evidence to back up such claims right now. Moreover, the secretary of the country’s Department of Economic Affairs claims there will not be … Read more

Russia Drafts Bill to Create Offshore Companies to Trade Cryptocurrencies

The Russian Ministry of Finance is drafting a bill to allow the creation of offshore companies to trade cryptocurrencies. This follows the bill which the ministry recently published on the legal framework for cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Crypto Trading Offshore “The Ministry of Finance proposed to create … Read more

China to Block Access to International Cryptocurrency Exchanges

We know you heard this one before, but China wants to ban bitcoin…again. Only this time the government plans to use one of its most far reaching tools, the Great Firewall of China, to completely prevent anyone in the country from reaching foreign exchange sites. Unless they have the technical capability to bypass it, of … Read more

Bitcoin Futures’ Future: Slow, Measured, No Mom and Pop Investors

Chicago Mercantile Exchange (CME) Chairman and CEO Terry Duffy explained in a recent interview how the decision to list bitcoin futures in the last quarter of 2017 wasn’t made as a result of light or transient causes. Instead, it was a deliberate effort to bring a proven technology to well-financed clients who will help it … Read more

Ukrainian Law May Separate Mining from Cryptocurrencies

Ukrainian legislators should separate the regulation of crypto mining from the legal status of cryptocurrencies. The new approach was proposed by the chairman of an important parliamentary committee who criticized law enforcement agencies for cracking down on crypto miners. Police confiscated mining equipment in a series of raids this week. Authorities claim that coins have … Read more