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Category: Regulation News

September 11, 2018

South Korean Banks Are Limiting Services for Crypto Traders without Identity Verification

According to local news portals, South Korean banks are implementing new measures for crypto traders. Reportedly, they are going to limit the services offered to cryptocurrency traders and investors without identity verification. This measure comes after 40-50 percent of the crypto traders with accounts registered with the top fours cryptocurrency exchange platforms across South Korea … Continue reading “South Korean Banks Are Limiting Services for Crypto Traders without Identity Verification”

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August 30, 2018

The Reserve Bank Of India’s Annual Report Is Out – Migration Of Crypto Exchanges Raises Concerns

RBI released its annual report yesterday, August 29 and it highlights the need to keep track of trade in virtual currencies that are turning opaque. The crypto crackdown in India might backfire, or at least this is what RBI fears these days. The bank’s report says that“Developments on this front need to be monitored as some … Continue reading “The Reserve Bank Of India’s Annual Report Is Out – Migration Of Crypto Exchanges Raises Concerns”

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August 24, 2018

SEC Is Reportedly Reviewing The Nine Bitcoin-Backed ETF Denials & Bitcoin’s Price Surges As A Result 

The cryptosphere was recently hit with the sad news that the SEC rejected nine more ETC proposals. But now, new hope is born after the US Securities and Exchange Commission revealed that it would reconsider the proposals that have been denied yesterday. The SEC rejects more Bitcoin ETFs from ProShares, GraniteShares, And Direxion The nine … Continue reading “SEC Is Reportedly Reviewing The Nine Bitcoin-Backed ETF Denials & Bitcoin’s Price Surges As A Result “

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August 23, 2018

The SEC Rejects More Bitcoin ETFs From ProShares, GraniteShares, And Direxion

Another bad news for the Bitcoin ETFs: the US Securities and Exchange Commission rejected two more ETF proposals filed by ProShares. The company has around $30 billion in assets under management and filed with the SEC back in September. The exchange-traded funds would have tracked BTC futures traded on the Chicago Board of Options Exchange … Continue reading “The SEC Rejects More Bitcoin ETFs From ProShares, GraniteShares, And Direxion”

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August 21, 2018

Thomas Zeeb, Head Of Securities And Exchanges At SIX Swiss Exchange Believes That Cryptos Are “Here To Stay”

Thomas Zeeb is the head of Securities and Exchanges at SIX, the owner of a Swiss stock exchange. He recently stated that he believes “digital assets are here to stay,” in an interview with Business Insider. This comes right after the positive statements made by regulators all over the world. He also spoke about the … Continue reading “Thomas Zeeb, Head Of Securities And Exchanges At SIX Swiss Exchange Believes That Cryptos Are “Here To Stay””

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August 15, 2018

Coinbase Says It Was Signing Up 50,000 Users On A Daily Basis In 2017 – The Exchange Helped Customers Trade $150 Billion Worth Of Crypto

Coinbase is one of the world’s largest crypto exchanges, and it claims to have been signing up 50,000 new customers on a daily basis back in 2017. This is what Chief Executive Officer Brian Armstrong said at the Bloomberg Players Technology Summit in San Francisco. There are a lot of enthusiasts who are attracted to … Continue reading “Coinbase Says It Was Signing Up 50,000 Users On A Daily Basis In 2017 – The Exchange Helped Customers Trade $150 Billion Worth Of Crypto”

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August 10, 2018

Lax Cryptocurrency Regulations In Thailand Attract Crypto Companies

Thailand chose for more lax cryptocurrency regulations, including ICOs and now increasingly more crypto companies filed applications for licenses to operate across this Asian country. In this regard, the Thai Securities and Exchange Commission reported that more than 50 ICOs, five crypto portals, and about 20 cryptocurrency exchange platforms plan on launching in Thailand. Thailand adopted … Continue reading “Lax Cryptocurrency Regulations In Thailand Attract Crypto Companies”

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August 4, 2018

The ICE Announcement Will Reportedly Pave The Way For Bitcoin ETFs

It seems that the way towards the Bitcoin ETFs becomes smoother with each passing day. At least, according to expert opinions. Brian Kelly, hedge fund manager, was invited on CNBC’s Fast Money and called Intercontinental Exchange’s announcement about the upcoming Bakkt platform the biggest news of the year, also detailing his motivation. Intercontinental Exchange (ICE) … Continue reading “The ICE Announcement Will Reportedly Pave The Way For Bitcoin ETFs”

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July 31, 2018

Vitalik Buterin Believes That The Main Crypto Goal Should Be Global Adoption, Not ETFs

Vitalik Buterin is the co-founder of Ethereum and also one of the most influential people in the cryptosphere. He publicly expressed his belief that the crypto community’s enthusiasm for ETFs is not precisely what we should be focusing on these days. Now, you may know that the crypto markets are living their best lives so … Continue reading “Vitalik Buterin Believes That The Main Crypto Goal Should Be Global Adoption, Not ETFs”

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July 25, 2018

European Parliament Says Crypto Is A Viable Alternative To Fiat Currency In Report Detailing The Impact On Global Economy

The European Parliament Committee on Economic and Monetary Affairs released a brand new analysis that highlights the fact that crypto is a viable alternative to money. This validation is exactly what the crypto community was expecting. Their report is a detailed review of how the cryptocurrencies work and the massive impact that they have on … Continue reading “European Parliament Says Crypto Is A Viable Alternative To Fiat Currency In Report Detailing The Impact On Global Economy”

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