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The majority of South Korean cryptocurrency exchanges are implementing new self-regulatory rules and performing self-inspection. The industry group in charge of leading the efforts has clarified the differences between the new and old self-regulatory rules for its 23 exchange members. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Promoting Safe … Read more
The new Japanese cryptocurrency association comprising of sixteen government-approved exchanges debuted on Monday. The group has unveiled its plans to spearhead self-regulation in order to rebuild the public’s trust in the crypto industry. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Japanese Association Debuts Sixteen fully-licensed cryptocurrency exchanges in Japan have formally launched … Read more
For some obvious reasons, but also irrational fears, big players like China, Russia, and the European Union are wary of cryptos like bitcoin. Centralized control doesn’t square with decentralization. However, often that’s not how their own regions and smaller neighbors feel about cryptocurrencies. In today’s Bitcoin in Brief we cover some recent developments mirroring this … Read more
Russian ICOs attracted a total of $300 million last year but half of the funds went to financial pyramids, according to the Russian Association of Cryptocurrencies and Blockchain. The organization that represents the crypto community in the country is now working on an ICO standard to help investors distinguish real projects from fraudulent schemes. Russian … Read more
A new association has been registered in Japan consisting of 16 government-approved cryptocurrency exchanges. The group will focus on establishing self-regulatory rules and will have the authority to investigate and sanction members that do not comply with self-regulation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Japanese Crypto Association A new cryptocurrency organization … Read more
A “self-regulatory approach” has been mentioned as a likely solution for the South African crypto sector. A non-government body could adopt rules and implement industry standards. The central bank in Pretoria is expected to formulate the policy framework. Also read: Steps towards Self-Regulation in Croatia and Slovenia Premature Regulation Throttles Growth The South African Reserve … Read more
While the ICO industry is seemingly firing on all cylinders, the risks have not diminished by any means. In fact, it seems this situation has only become worse over time. With the mounting number of scams and defunct projects, it is evident something will need to change in the very near future. ICOs Need to Rethink … Read more
Cryptocurrency in Japan has proven to be a rather interesting topic. While the government officially legalized this form of money, the country’s exchanges are trying to introduce more regulation in their own way. A group of 16 registered companies will create a self-regulatory body to generate more trust in this industry moving forward. Self-Regulation in the Cryptocurrency World … Read more
16 cryptocurrency exchanges that have been approved by the Japanese government are teaming up to form a self-regulatory group, following the hack of one of the country’s most popular exchanges. Besides these exchanges, there are 16 “quasi-operators” for cryptocurrencies as well as about 100 firms seeking to enter the market in Japan. Also read: Japan’s DMM … Read more
Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain … Read more
