Regulation

Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. On March 31, BC Group revealed that its OSL digital assets platform had been its largest 2019 earner, accounting for 44% of the Group’s revenues — up from just 6% in 2018. …

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Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation

While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number … read more. The …

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India Crypto Renaissance: Industry Sees Rebirth as RBI Crypto Ban Lifts

Among industry participants and investors, India is emerging as a market to watch for following the overturn of a crypto ban that was placed by the Reserve Bank of India back in April 2018. The prominent investors looking to get a piece of India’s nascent crypto space include Tim Draper, a billionaire investor who obtained …

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Singapore Allows Crypto Companies to Operate Without a License for 6 Months

</header> <strong>The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. </strong><strong>Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex.</strong> Also read: 2x Bitcoin — Wanna Double …

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US County Extends Rule Making Bitcoin Mining Firms Invest in Renewable Energy

Officials in Missoula County, Montana, are considering turning a temporary measure for bitcoin mining operations – that offsets energy consumption with renewables – into a permanent fixture. The Missoula County Board of Commissioners voted unanimously Thursday to extend a measure to reduce the environmental effects of high-energy-consumption mining operations by another year, until April 3, …

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Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users

EY, the court-appointed bankruptcy trustee for the defunct Canadian crypto exchange QuadrigaCX, has been asked to submit all of the exchange’s user information to the Canada Revenue Agency (CRA). Court documents filed with the Ontario Superior Court of Justice on March 24 detail the demand, which spans 750,000 documents on the exchange’s 115,000 customers. Canadian …

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Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event?

</header> <strong>Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in the current economic climate. However, there’s one big caveat: it requires …

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Global Stablecoins May Be Subject to Securities Regulation, Says IOSCO

The International Organization of Securities Commissions (IOSCO) thinks global stablecoin initiatives might be subject to securities laws, according to a new report. Published Monday, the 31-page examination of regulatory issues around stablecoins – cryptocurrencies with prices pegged to a low-volatility asset reserve – stressed that jurisdiction and regulation ultimately depends on project specifics. IOSCO looked …

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Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures

</header> <strong>In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia.</strong> Also read: Bitcoin Legal in India — Exchanges Resume …

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Telegram Denied: Court Sides With SEC, Grants Injunction Against Issuing GRAMs

A United States District Court has granted an injunction against Telegram, preventing the company from issuing its GRAM tokens at the present time. Court says that GRAMS are securities under Howey test Per a March 24 filing granting the Securities and Exchange Commission’s request for a preliminary injunction, the Court wrote that: “The Court finds …

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