South Korea is Officially Recognizing Crypto Exchanges as Regulated Banks

For the first time in history, the government of South Korea has officially recognized crypto exchanges regulated financial institutions and banks. Local publications in South Korea have reported that the financial authorities of South Korea have finalized their plans to categorize crypto exchanges as an industry called “Cryptocurrency Exchange and Brokerage” to enable trading platforms …

Bermuda Amends Banking Act to Favor Blockchain Startups

Bermuda continues its push to become a global hub for blockchain and fintech innovation, having recently announced plans to change its banking laws to create a class of banks catering to blockchain and fintech companies, according to Finextra. The amendment to the country’s Banking Act follows the recent passage of a Digital Asset Business Act …

US Lawmaker Calls For ‘Light Touch’ on ICO Regulation

US Rep. Warren Davidson (R-OH) said a “light touch” regulatory framework is needed for the initial coin offering (ICO) market during a CNBC  “Squawk Box.” interview. Davidson is a member of the House Financial Services Committee of the House of Representatives. “We want to make sure that the United States’ capital markets stay strong and …

Coming ‘Reckoning’ Will Shake up ICO Market: CBOE President

“The reckoning will come in two waves.” There’s a big shakeup happening in the ICO market, and it should be keeping investors up at night,” says CBOE President and COO Chris Concannon. Concannon, also CEO of BATS Global Markets, told Business Insider that the market for ICOs is about to undergo major regulatory changes leading …

BitLicense Holder itBit to Be First New York Exchange to List Stellar (XLM)

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Institutional cryptocurrency exchange and BitLicense recipient itBit has announced that it has received approval from the New York Department of Financial Services (NYDFS) to list four new cryptocurrencies: ethereum (ETH), bitcoin cash (BCH), litecoin (LTC), and stellar (XLM). ItBit, …

ICOs are Securites, Can’t Be Any More Clear: SEC Chairman

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The SEC held a public forum on June 13, “Investing In America: Atlanta Town Hall Meeting.” The town hall was highly anticipated because regulators planned on speaking about cryptocurrency regulations and innovation. The session was open to the public …

Wall Street’s ‘Crypto King’ Says Regulatory Clarity Is Bullish for Bitcoin

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Bart Smith, who was crowned “Wall Street’s Crypto King” by CNBC, is optimistic that institutional investors will start pouring money into the cryptocurrency market once more regulatory clarity is provided. Smith heads the digital asset group at Pennsylvania-based investment firm Susquehanna International Group, which first …

Crypto-Wary Australian Bank to Pay Record Fine For AML/KYC Violations

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The Commonwealth Bank of Australia (CBA), which recently banned customers from buying cryptocurrency with credit cards, has agreed to pay AUD $700 million in addition to legal costs for violating anti-money laundering and anti-terrorist laws that delivered millions of dollars to drug …

Russia’s ‘Digital Law’ Bill Won’t Legalize Cryptocurrency

Join our community of 10 000 traders on Hacked.com for just $39 per month. Russia’s State Duma Committee on State Construction was scheduled to hold the first reading of amendments to the country’s civil code pertaining to digital currency today, but is not expected to make digital currency a legitimate method of payment, according to …