Tag: Bitcoin Regulation
-
New data suggests leverage shakeout – Can Bitcoin hold $60K?
Though the skyrocketed price of Bitcoin for sometime crossed $60,000 but on Nov 16th Bitcoin (BTC) is sliding down, bullish analysts say no problem but 8% loss is very painful for long holder. Bitcoin finally closes large CME gap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down 8% from Monday’s local highs above $66,000. Bouncing at…
-
President Biden Considering Executive Order on Crypto Oversight: Report
The U.S. government may expand its efforts to study and regulate the roughly $2 trillion digital asset sector. The Biden administration is considering an executive order for federal agencies, which would require them to study the crypto industry and provide recommendations on their oversight, Bloomberg reported Friday, citing unnamed sources. According to the report, the order would…
-
Blockchain and Crypto Policies Worldwide
Rapid Rise of Cryptocurrencies and Blockchain Technology Over the past few years, inventions in the fintech space have been rapidly transforming into innovations thanks to early commercialization, mass acceptance and adoption. Cryptocurrencies have been around for a long time, but they have gained maximum traction and attention in the past decade. After the launch and success of Bitcoin,…
-
Vietnamese Central Bank Bans Cryptocurrencies
Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal. The central bank also announced that it will impose a fine on anyone caught utilizing the cryptocurrencies starting early 2018. Based on the new monetary law issued by the bank that is scheduled to go into effect during…
-
Singapore Will Not Regulate Cryptocurrencies, Singapore Official Says
Recently during an interview with Bloomberg, an official of Monetary Authority of Singapore (MAS), which serves as the central bank and financial regulator of Singapore, said that MAS has no plans of regulating cryptocurrencies. The central bank will keep “an open mind,” though the official also stated the necessity of establishing anti-money laundering control in the…
-
Kansas Commission: Political Candidates Cannot Accept Bitcoin
A government ethics body in Kansas is advising political candidates to not accept bitcoin. New guidance from the Kansas Governmental Ethics Commission indicates that election watchdogs in the U.S. state are planning to study the issue further, but for now, campaigns are being told to abstain from taking cryptocurrency contributions. Mark Skoglund, the commission’s executive…
-
As Bitcoin Price Hits Record Highs, Australia’s Government Considers Digital Currencies and Tax Implications
As bitcoin’s valued soared to record heights over the weekend, the Australian government heard evidence on digital currencies and its tax implications. On Saturday, bitcoin’s value saw its value rise to $6,200 for the first time, pushing its market cap to $102.8 billion. With investor interest increasing in the cryptocurrency market, governments are turning their attention…
-
Kazakhstan Following Russia’s Lead with Own Cryptocurrency
Kazakhstan has become the latest country to show an intention of creating its own fiat-based digital asset, following in the footsteps of its former Soviet handlers, Russia. It was announced via the country’s government-supported Astana International Finance Center (AIFC) who said they had signed a deal of cooperation with a Maltese firm called Exante. Next generation investment In plugging themselves, Exante…
-
Australia’s Bitcoin Regulation Bill Gets the Green Light
Australian authorities are making progress with revisions to the AML/CTF bill which will include bitcoin exchanges under the scope of Australian legislation for the first time. The Australian Parliament published [PDF] newly updated provisions today, part of a wider reform of the government’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. In it, the Senate Legal…