South Korean Government Holds Emergency Meeting to Discuss Bitcoin

The South Korean government held an emergency meeting to evaluate the state of the local cryptocurrency exchange market and trading of digital currencies.

Indian Central Bank’s Bitcoin Warning: A Sign of Fear?

On December 5, the Reserve Bank of India (RBI), the country’s central bank, cautioned investors of bitcoin, clarifying that the government is yet to regulate bitcoin and cryptocurrency exchanges within the local market.

South Korean Government to Allow Institutional Investors to Participate in ICOs

According to a report by Chosun, a leading mainstream news publication in South Korea, the South Korean government is planning to allow initial coin offerings (ICOs) in the near future, with strict regulations and policies in place.

South Korea (Pre)Issues Ban on Bitcoin Futures Trading

South Korea’s primary financial regulator and watchdog has banned securities firms from launching bitcoin futures contracts, according to a local report.

The Promise and Regulatory Challenge of "Physical" Bitcoins

Physical bitcoins that can be exchanged like cash have been discussed for years. In 2010, Gavin Andresen himself started a Bitcoin Forum discussion on possible ways to “print out bitcoins to function as user-created paper money.

Korean Regulator Hints at Reversing ICO Ban & “Stringent” Bitcoin Regulation

A senior official from Korea’s Financial Services Commission has vowed to regulate the local bitcoin space while hinting at putting an end to the blanket ICO ban.

SEC Isn’t Done with ICOs, Likely to Take “More Actions” Against Them

The U.

Regulators Greenlight Bitcoin Futures

Bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors. CME Group, the world’s largest futures exchange, has announced that it has self-certified the initial listing of its Bitcoin futures contract.

Bitcoin ‘Looks Like a Bubble’, We’ll Be ‘Friendly’ to ICOs: Israel Securities Regulator

The chairman of the Israel Securities Authority joins the bandwagon of critics calling bitcoin a ‘bubble’.

We’re Guarding Consumers Over Bitcoin: New York Regulator

Maria Vullo, the superintendent of New York Department of Financial Services, told Bloomberg’s David Westin in a TV interview that the department keeps on top of bitcoin.

Bitcoin-Friendly Philippines Plans ICO Regulation

After introducing regulations for bitcoin exchanges earlier this year, authorities in the Philippines are casting their eye on initial coin offerings (ICOs).

UK Treasury Plans Tighter Regulation of Bitcoin and Cryptocurrencies

The British government is planning to introduce strict regulations of cryptocurrencies like bitcoin to combat crime like tax evasion and money laundering.

China was Right to Shut Down Bitcoin Exchanges & ICOs: PBoC Official

A vice governor of China’s central bank has doubled down on the regulator’s sweeping ban on ICOs in September that also led to the shuttering of local bitcoin exchanges.

Japanese Bitcoin Exchange bitFlyer Now Licensed in the U.S.

Tokyo-based bitFlyer has become the fourth digital currency exchange to receive approval from the New York State Department of Financial Services (NYDFS) for a “BitLicense” to operate as a virtual currency exchange in New York.
South Korea Nears Mandating Regulations for Bitcoin Exchanges

South Korea Nears Mandating Regulations for Bitcoin Exchanges

South Korean authorities are reportedly close to putting the final touches on regulations for bitcoin and cryptocurrency exchanges. The Financial Services Commission (FSC), South Korea’s financial regulator and authority, is outlining regulations that will mandate cryptocurrency exchanges to play by its rules. The regulator publicly revealed its intention to introduce regulations for bitcoin exchanges last year with a focus on regulatory and licensing parameters.

World’s Largest Bitcoin Market Japan has “Loose” Regulations, Doesn’t Bode Well: Analyst

Koji Higashi, the co-founder of IndieSquare and Japanese cryptocurrency researcher, revealed Japan, the largest bitcoin market in the world in terms of daily trading volume, has friendly and loose regulations for bitcoin businesses and investors. But, while the Japanese government has legalized bitcoin as a currency and a legitimate payment method, other minor alternative cryptocurrencies (altcoins) are receiving the same treatment as bitcoin.

Bitcoin Exchange Globitex Granted European Electronic Money License

Globitex, a new bitcoin exchange co-founded by former Bitcoin Foundation Executive Director Jon Matonis, is announcing that its parent Globitex Holding (Latvia) group company NexPay UAB has been granted an Electronic Money Institution (EMI) license by the Bank of Lithuania, a regulatory authority in the European Union, to carry out payment services and e-money issuance in the EU.

“We Welcome Bitcoin” [with Regulations], Says Iran’s Cyberspace Authority

Iran’s High Council of Cyberspace (HCC) has opened up about its embracive approach to cryptocurrencies like bitcoin in the country. Iran’s HCC, a prominent authority that could decide the legality of cryptocurrencies in the country, has welcomed the prospect of bitcoin in Iranian society, under well-defined regulations. Speaking to Iranian news agency ILNA, HCC secretary Abolhassan Firouzabadi said in quotes reported by the Financial Tribune: We [at the HCC] welcome Bitcoin, but we must have regulations for Bitcoin and any other digital currency…Our view regarding Bitcoin is positive, but it does not mean that we will not require regulations in this regard because following the rules is a must.

Cryptocurrencies and ICOs – A Rough Global Guide to Regulation

This guest spot sees contributions from representatives of global law firm Morgan Lewis on the regulatory approach to cryptocurrencies and ICOs in a number of key FinTech jurisdictions. Over the past few years there has been a growing proliferation of cryptocurrencies[1]. For the purpose of this article, we use the term cryptocurrency to refer to any coins, tokens, or other such units of digital, virtual or e-currency that do not take a physical form, such as bitcoin and ethereum.

Bitcoin in India: What Happens When the World’s Largest Remittance Market Regulates Bitcoin?

Earlier this week, CCN reported that the Supreme Court of India request the central bank and the authorities to provide clarity on the regulatory framework surrounding bitcoin and the cryptocurrency market. “According to Indian news daily The Hindu, three justices from India’s Supreme Court – the highest court in the country – have issued notices to the Finance, Law and Justice and Information Technology ministries, as well as the central bank (Reserve Bank of India) and market regulator (Securities and Exchange Board of India), demanding they respond to a petition seeking clarity on bitcoin’s legality in the country,” a CCN report read.

Dubai and Australia Team Up to Seal FinTech Deal

The securities and financial regulators of Australia and Dubai respectively have entered a mutually beneficial agreement to cooperate on and promote financial technologies (FinTech) in each other’s markets. Inking the terms yesterday, the Dubai Financial Services Authority (DFSA) and the Australian Securities and Investment Commission (ASIC) will jointly work on a collaborative framework toward FinTech innovation.  Notably, the regulatory framework will lower the burden for industry startups and businesses to enter each other’s markets, aided by the authorities for regulatory compliance.

Malaysia’s Central Bank to Deem Cryptocurrency Exchanges as ‘Reporting Institutions’

The head of Malaysia’s central bank has revealed further details about the institution’s upcoming regulatory framework governing cryptocurrency usage in the country. Speaking in Kuala Lumpur at a counter-terrorism financing summit on Wednesday, Bank Negara Malaysia (BNM) governor Muhammad bin Ibrahim expanded on the upcoming “clear guidelines” for participants in the cryptocurrency sector. With a focus on combating money-laundering and terrorism financing, Ibrahim revealed that beginning next year, those converting cryptocurrencies into fiat currency will be designated as “reporting institutions” compliant with certain mandatory rules.

Cryptocurrency Impact ‘Limited’ to Pose Any Threat Yet: ECB Chief

The president of the European Central Bank believes cryptocurrencies like bitcoin do not pose any threat to the central bank-dependent financial system. Speaking to the European Parliament on Monday, ECB President Mario Draghi played down the impact of digital currencies on the traditional centralized banking system, claiming their adoption and impacted are too ‘limited’. Cryptocurrencies do not cause any concerns to the central bank’s control of the money supply in the European Union, Reuters quotes the central banker as stating.

Singapore’s Central Bank Includes Bitcoin in Singular Regulation of Payments Services

The Monetary Authority of Singapore, the country’s central bank, is pressing ahead with regulation that will bring a handful of retail payment services, including bitcoin and cryptocurrency exchanges, under a single legislation. With an announcement on Tuesday, the Monetary Authority of Singapore (MAS) launched the second consultation on its Payment Services Bill, a payments regulatory network proposing to streamline the regulation of all payment services under a single legislation.

Central Banks Are Considering Cryptocurrency Regulations: ECB Council Member

Ewald Nowotny, the current president and governor of Austria’s central bank, the National Bank of Austria, and a member of the European Central Bank’s governing council, recently stated that central bankers and legislators are eyeing cryptocurrency regulations, while speaking at a conference in Florence, Italy.