Central Bank of Swaziland: It’s Not Wise to Dismiss Cryptocurrencies

Central Bank of Swaziland: It’s Not Wise to Dismiss Cryptocurrencies

The Central Bank of Swaziland (CBS) is exploring the use of cryptocurrencies in the country even though it remains cautious of them. Speaking at the recent Swaziland Economic Conference (SEC) 2017, Majozi Sithole, governor of CBS, said that despite the…

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Australia’s Regulation Bill Includes Bitcoin for the First Time

Australia’s Regulation Bill Includes Bitcoin for the First Time

Australian authorities are updating their AML/CTF regulations which would regulate bitcoin exchanges for the first time. Last month, the Australian government announced the first stage of reforms to strengthen its anti-money laundering (AML) and counte…

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France’s AMF is Working on Formulating Its Position on ICOs

France’s AMF is Working on Formulating Its Position on ICOs

France is currently determining a legal framework for initial coin offerings (ICOs), according to its financial market regulator. Robert Ophele, president of the Autorite des marches financiers (AMF), said that they are developing regulations for the m…

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Japan Solidifies its Position as Bitcoin Powerhouse, Processes 61% of Global Trades

Japan Solidifies its Position as Bitcoin Powerhouse, Processes 61% of Global Trades

Over the past month, following The PBOC’s crackdown on Chinese Bitcoin exchanges, Japan has successfully evolved into the largest Bitcoin exchange market by trading volume, overtaking the US by a significant margin. According to various market da…

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Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

A prominent Indian economist believes that bitcoin needs to be regulated in India before it will become a legal currency. In a Q&A interview with the Economic Times, Dr S.P. Sharma, chief economist at the PHP Chamber of Commerce and Industry, was questioned on whether he thought bitcoin would be accepted legally in the country. […]

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Japan FSA Grants Virtual Currency Exchange License To 11 Companies

Japan FSA Grants Virtual Currency Exchange License To 11 Companies

Eleven digital currency companies in Japan have been granted a Virtual Currency Exchange license by the Financial Services Agency (FSA), the country’s financial watchdog. These include bitFlyer, Quoine, Tech Bureau, Bit Bank, SBI Virtual Currencies and GMO Coin. The FSA is currently reviewing 17 other applicants, according to an announcement released today. Since April 01, […]

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Bahrain “Open to Bitcoin” and Blockchain

Bahrain “Open to Bitcoin” and Blockchain

Bahrain is closely looking at digital currencies. According to Khalid Al Rumaihi, the chief executive of the Economic Development Board of Bahrain, the Bahrain’s finance ministry is keen on adopting digital currencies and had even suggested that Bahrain could issue “bonds on a digital currency.” In response to a query at the MIT Innovation Forum […]

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The Indian Government is Considering its Own Cryptocurrency

The Indian Government is Considering its Own Cryptocurrency

The Indian government is reportedly considering its own digital currency, similar to bitcoin. The central government of India has discussed the proposal with a committee of government officials, according to an unnamed source, reports the Business Standard. As India’s central bank believes that digital currencies are ‘susceptible to misuse’ the government is looking at a […]

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Chinese Cryptocurrency Aficionados Flee To Hong Kong

Chinese Cryptocurrency Aficionados Flee To Hong Kong

China’s cryptocurrency clampdown has forced mainland investors and entrepreneurs to find ways to bypass the restrictions. Founders of cryptocurrency projects are now turning to Hong Kong exchanges for alternative listing of their tokens, while investors are exchanging their bitcoins peer-to-peer. Aurelien Menant, founder and CEO of Hong Kong-based cryptocurrency exchange Gatecoin told the South China […]

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The SEC is in Support of ICOs That Do Not Fall Under the Definition of Securities

The SEC is in Support of ICOs That Do Not Fall Under the Definition of Securities

According to Gil Penchina a partner at IDG Ventures and Flight.vc, the US Securities and Exchange Commission is in support of initial coin offerings (ICOs) that do not fall under the definition of securities. In a column, Penchina provided insights into the current state of the ICO market and the legality of specific projects such […]

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