カテゴリー: licenses

Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan

Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in UzbekistanThe executive power in Uzbekistan has advanced towards legalizing cryptocurrencies and implementing blockchain technology in both government and economy. A new decree signed by President Mirziyoyev mandates licensing for trading and other activities related to the circulation of digital coins. The document also calls for regulating crypto mining and smart contracts. Also read: No License […]

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Philippines’ Economic Zone Creating Crypto Regulations, Licensing 25 Exchanges

Philippines' Economic Zone Creating Crypto Regulations, Licensing 25 ExchangesThe authority of the Filipino government-owned economic zone is drafting regulations for cryptocurrencies and planning to limit the number of licenses it issues to 25. Other rules include the requirement for each crypto exchange to invest at least US$1 million within 2 years. The authority has reportedly received about 60 applications from crypto companies so […]

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Japan Set to Finally Reject a Cryptocurrency Exchange

Japan Set to Finally Reject a Cryptocurrency ExchangeAfter approving 16 cryptocurrency exchanges, the Japanese financial regulator is reportedly set to reject a crypto exchange application for the first time. The applicant is an exchange which has been suspended twice from carrying out any crypto activities and received two business improvement orders. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space The First Rejection […]

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Thailand Approves Draft Decree on Crypto

Thailand Approves Draft Decree on CryptoThe Thai cabinet has approved a draft decree to regulate cryptocurrencies and initial coin offerings. The definition of digital assets has been modified from the previous draft but the tax structure remains. All crypto businesses must obtain licenses and report information to the anti-money laundering office. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With […]

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Poloniex Now Requires Legacy Trading Accounts to Verify Identity

Poloniex Now Requires Legacy Trading Accounts to Verify IdentityThis week the popular cryptocurrency exchange based out of Delaware, Poloniex, has issued a notice to legacy account holders. According to the exchange, all traders who use the platform must verify their identity using the company’s upgraded verification portal. Also read: Dancing With the Devil: ‘Cashing Out’ Cryptos Into Fiat Not So Easy Legacy Account Holders […]

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Chinese Exchanges Seek Second Chance in Japan and Other More Crypto-Friendly Countries

Chinese Exchanges Seek Second Chance in Japan and Other Crypto-Friendly CountriesFollowing the crackdown by the Chinese government last month, bitcoin exchanges in China are looking to continue their businesses in cryptocurrency-friendly countries. Nineteen chinese companies are reportedly applying for a license to operate in Japan, while others are considering Singapore, Hong Kong, and South Korea. Also read: Japan’s GMO Plans to Sell 7nm Bitcoin Mining Boards […]

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Expert: Seven Reasons Why Chinese Regulators Shut Down Bitcoin Exchanges

Expert: Seven Reasons Why Chinese Regulators Shut Down Bitcoin ExchangesA professor at China’s Renmin University has offered his interpretation of why the regulators are shutting down Chinese bitcoin exchanges. He outlined seven key reasons. Also read: China’s Regulatory Crackdown Forces More Bitcoin Exchange Closures Professor Yang Dong is Deputy Dean of Renmin University’s Law School and Director of Renmin’s Centre for Fintech and Internet Security. […]

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Chinese Bitcoin Exchanges May Face Stricter Regulation and Licensure

Chinese Bitcoin Exchanges May Face Stricter Regulation and LicensureChinese Bitcoin Exchanges May Face Stricter Regulation and LicensureOver the past week, bitcoiners everywhere have been focused on the speculative news of China ‘banning’ bitcoin and wondering if the stories were true. According to recent reports from local media and the country’s National Internet Finance Association (NIFA), bitcoin is not ‘illegal,’ but exchanges may face tighter regulatory supervision and might have to cease […]

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Strict Regulations Drive Shapeshift and Keepkey out of Washington State

Digital asset exchange Shapeshift and its recently acquired hardware wallet maker Keepkey have announced that they are exiting the U.S. state of Washington. This is due to the state imposing strict regulatory requirements based on “Senate Bill 5031.” Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee Shapeshift & Keepkey Flee Washington State Shapeshift […]

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Central Bank of Egypt Responds to First Bitcoin Exchange Launch

Central Bank of Egypt Responds to First Bitcoin Exchange LaunchFollowing the news of the first bitcoin exchange launching in Egypt, a senior official at the country’s central bank promptly issued a statement that no entities have been authorized to trade bitcoin. As the central bank reiterates the legal status of the digital currency, other government agencies also weigh in. Also read: First Bitcoin Exchange […]

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