Tag Archives: Rules

Central Bank of Malaysia Plans Cryptocurrency Reporting Rules

The governor of Malaysia’s central bank, Bank Negara Malaysia (BNM), has provided more detail on its upcoming regulatory framework aimed to counter the illicit uses of cryptocurrencies. In statements made today at a counter-terrorism financing summit, BNM governor Muhammad Ibrahim said the new rules are being drawn up to combat the financing of money-laundering and terrorism in […]

Will rules and regs sober up startups buzzed on cryptocurrency ICOs?

Initial Coin Offerings are one of those disruptive technologies filed under crazy enough to work. And how — entrepreneurs launch new cryptocurrencies and sell them for existing cryptocurrencies (like bitcoin) to buyers betting the new currency will appreciate. Does this sound like a safe space for scam artists? Regulators seem to think so, and they are increasingly […]

Vladimir Putin Mandates New Rules for Cryptocurrencies and ICOs

Russian President Vladimir Putin has mandated new regulations around cryptocurrencies, including registration requirements for miners and the application of securities laws to initial coin offerings (ICOs). The Kremlin published five orders from Putin over the weekend, representing perhaps the most direct move to date by the Russian government to oversee activities around the tech. Not […]

Malta Proposes Rules for Cryptocurrency Investment Funds

The government of Malta is seeking public feedback on proposed rules for investment funds that focus on cryptocurrencies. The Malta Financial Services Authority (MFSA) has published a proposed rulebook, dated Oct. 23, that would govern how professional investment efforts solicit stakeholders, manage risks and govern themselves. The release, subject to further alteration after the consultation […]

Bitcoin Rules At Over $5,000

Bitcoin continues to be the source of lots of conjecture in markets. While some traditional bankers have rejected the digital currency as a “fraud” others have taken a more pragmatic wait and see approach to the crypto world. I think the most interesting observation or analogy came from Lloyd Blankfein of Goldman Sachs who reminded […]

Malaysia’s Central Bank Is Close to Drafting New Cryptocurrency Rules

Malaysia’s central bank is reportedly planning to draft cryptocurrency regulations by the end of this year. Muhammad bin Ibrahim, governor of Bank Negara Malaysia (BNM), told reporters at a symposium on September 19 that the institution wants to develop rules for those trading and exchanging cryptocurrencies. That process would also involve the reinforcing of existing regulations […]

A digital Wild West: US government rules on funding for new cryptocurrency ventures

Game over? Although blockchain technology was envisioned by ‘Satoshi Nakamoto’, Bitcoin’s anonymous creator, almost a decade ago, the use of Initial Coin Offerings (ICOs) seems to be a relatively recent phenomenon. This method of raising funds is favoured by many cryptocurrency start-ups, who typically publish a white paper detailing their goals on a roadmap, the […]

South Korean Court Rules Confiscation of Bitcoin to Be Illegal – The Merkle

There are many different opinions among government officials worldwide on what can and cannot be done with Bitcoin. Although most countries still claim Bitcoin is not a currency, some states are looking at ways to confiscate the cryptocurrency. However, that may not be the case much longer in South Korea, where a local court ruled that Bitcoin cannot be […]

Korean Court Rules Bitcoin Cannot Be Confiscated

Regulation A South Korean district court has ruled for the first time regarding the nature of digital currencies. In the case where 216 bitcoins were seized by the police as criminal proceeds, the court ruled that it is inappropriate to confiscate bitcoins. Also read: South Korea to Dispose of 216 Bitcoins in First Public […]

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