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 …

Kenya’s Regulators Propose Special Unit For ICOs, Cryptocurrency

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Capital Markets Authority (CMA) in Nairobi, Kenya, has proposed the creation of a special unit to handle cryptocurrency related issues. The unit would include all relevant regulators such as itself and Central Bank of Kenya (CBK), according to Standard Digital. …

Korea’s New FSS Chief Envisions Stable, Less Speculative Crypto Market

Join our community of 10 000 traders on Hacked.com for just $39 per month. The new head of Korea’s financial watchdog has doubled down on the anticipated effort of his agency considering a lenient approach to cryptocurrency trading. Yoon Suk-heun, an academic and reformist who was – this week – appointed as the governor of …

US Regulators Examining Whether Ethereum is a Security: WSJ Report

Join our community of 10 000 traders on Hacked.com for just $39 per month. US federal securities and commodities regulators are quietly examining whether ethereum (ETH), the world’s second-largest cryptocurrency, should be classified as a security. According to the Wall Street Journal, regulators at the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission …

ICO Tokens Should Be Regulated as Securities, Not Bitcoin

Join our community of 10 000 traders on Hacked.com for just $39 per month. The role of cryptocurrencies was thrust into the spotlight during a hearing between Congress and the US Securities and Exchange Commission. The US House of Representatives Committee on Appropriations held a hearing with the Wall Street regulator on April 26, and …

Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency Associations

Join our community of 10 000 traders on Hacked.com for just $39 per month. Brazil’s largest cryptocurrency exchanges, including Bitcointrade, Mercado Bitcoin, Foxbit, and others, recently joined forces to create a cryptocurrency association whose goal is to defend the interests of cryptocurrency users. The organization, dubbed Associação Brasileira de Criptoeconomia (ABCripto) recently found out other …

Korea Orders 12 Crypto Exchanges to Revise Customer Contracts

Join our community of 10 000 traders on Hacked.com for just $39 per month. South Korea’s corporate watchdog has today reportedly ordered a dozen domestic cryptocurrency exchanges to revise their adhesion contracts to provide better protection to consumers. According to Yonhap news, South Korea’s Fair Trade Commission (FTC) has demanded 12 cryptocurrency exchanges to fundamentally …

Australian Cryptocurrency Exchanges See Regulation, Starting Today

Join our community of 10 000 traders on Hacked.com for just $39 per month. Australia’s financial intelligence agency and watchdog has reminded domestic cryptocurrency exchanges of their new regulatory obligations that includes registration, effective today. In an announcement today, the Australian Transactions and Reporting Analysis Centre (AUSTRAC) has told domestic DCE (digital currency exchange) businesses …

Kazakhstan May Ban Cryptocurrencies Citing Money-Laundering Concerns

Join our community of 10 000 traders on Hacked.com for just $39 per month. Kazakhstan’s National Bank is considering banning cryptocurrency use, exchanges, and mining, saying virtual currencies are an ideal vehicle for fraud, money-laundering, and tax evasion. “In Kazakhstan, the National Bank is taking a very conservative approach toward the matter, and it welcomes …

Not Everyone’s a Fan of the CFTC Chairman aka ‘Cryptodad’

Join our community of 10 000 traders on Hacked.com for just $39 per month. As commodities regulators go, few have managed to attain the cult following that US Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has assembled in recent weeks. However, the markets supervisor — nicknamed “cryptodad” by cryptocurrency enthusiasts — is finding …