Switzerland Moves Forward to Fit Cryptocurrency Into Traditional Regulations

 The Federal Assembly of Switzerland has voted in favor of putting cryptocurrency on equal footing as traditional assets. A Hesitant Vote 99 members of the National Council, Switzerland’s lower house of the Federal Assembly, have supported a motion to put forward proposed regulations by liberal public representative Giovanni Merlini. 83 people voted against, while 10…

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Japan Changing Virtual Currency To "Cryptographic Assets", Strengthening Law for the Future of Its Digital Economy

The Japanese government has decided to make amendments to 2 acts, the Financial Instruments and Exchange Act and the Fund Settlement Act, in order to accommodate virtual currencies. This move further adds to the regulatory progress that the country is making for cryptocurrencies. The development, first reported by Nikkei Shimbun on March 15, will change…

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Canada Revenue Agency (CRA) is Auditing Crypto Investors — Here's What You Need to Know

Canada’s tax agency, the Canada Revenue Agency (CRA), is examining individuals who have traded in cryptocurrency, and is looking to audit them, Forbes reports. The CRA has sent questionnaires to individuals to learn if citizens have a history of trading in cryptocurrencies, going as far back as 10 years. The questionnaire comprises of 54 questions…

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Big Banks Refuse to Bank Crypto Companies, Says Bloomberg Report — Here's Why.

Bloomberg reports that crypto companies in countries across the world have been experiencing several problems with operating their businesses, being denied basic banking services by banks like HSBC and JPMorgan Chase — despite the fact that the latter has its own cryptocurrency and blockchain initiatives. The report describes the source of the problems as the…

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What Trends are Ahead for Crypto Industry in 2019?

The 2018 downtrend has shaken a lot of people out of the market. Some people have used the opportunity to learn more about what this new industry is all about. Now we are seeing rising use of the term “buidl,” which is a variant of “hodl” but means to do something to grow and develop…

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G20 Leaders Declare Commitment to Regulate Crypto Assets

While some countries have taken the lead to regulate various aspects of using cryptocurrencies, many have left the matter completely up in the air. This might soon change as pressure is mounting on governments to develop standards for crypto regulations, as evident by the latest G20 meeting of top politicians from around the world. Also…

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The Current State of Cryptocurrencies

Photo: QuoteInspector We are now a decade on from the publishing of Satoshi Nakamoto’s Bitcoin White Paper, where they/ he/ she envisioned a revolutionary mass uptake of cryptocurrencies, representing a paradigm shift for the entire financial sector. The global crypto market is now worth £166 billion in total, a figure which could be seen as…

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Distilled Analytics CEO on Crypto: ”A Lot of Manipulation” & No Protection

This is an excerpt. To hear the full interview with Dave Shrier, please click the Soundcloud or Youtube links. Cryptocurrency regulation has been the most influential force on the industry in 2018. The libertarian attitudes that drove cryptocurrency forward in its earlier days are slowly being eliminated from the space as government regulators and policy…

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EU Officials Set for Fresh Talks on Regulating Cryptocurrencies

The European Union (EU) is reportedly gearing up for a fresh round of talks concerning cryptocurrency regulation. This move comes after the EU parliament in July advised the EU not to ban cryptocurrencies. Stricter Cryptocurrency Regulatory Measures According to Bloomberg, finance ministers from EU member nations plan to meet in September to discuss the region’s…

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India Unlikely to Issue Blanket Ban on Cryptocurrency

Government officials in India have indicated that the government may adopt a more measured approach to regulating the cryptocurrency market.   We Don’t Want to Ban Cryptocurrencies Altogether In yet another twist to the unending saga of India’s stance on cryptocurrency market, recent comments from government officials indicate that the country may not ban virtual…

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South Korea on the Road to Regulated Mainstream Crypto

The days of “Korea FUD” in the cryptoverse may finally be coming to a close. In light of recent reports South Korea has been moving towards a more welcoming and regulated approach to crypto, local Korean news outlet BChain (English) has released detailed information on the government’s upcoming plans for the industry. Also see: No Eggs…

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