カテゴリー: minister

Japanese Minister Denies Ties to Unregistered Crypto Exchange Under Investigation

Japanese Minister Denies Ties to Unregistered Crypto Exchange Under InvestigationSeiko Noda, Japan’s Minister for Internal Affairs & Communications, and Minister in charge of Women’s Empowerment, was questioned by the Japanese press on Thursday over her involvement with an unregistered cryptocurrency exchange, which was allegedly violating the Japanese fund settlement law. Also read: Japan Tax Agency Says Individuals Earning $1,800+ in Crypto a Year Will Declare […]

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Regulatory Round-Up: U.K. Chief Blockchain Officer, DLT Cohort in FCA Sandbox, Central Bank Calls Crypto ”Fallacy”

Regulatory Round-Up: U.K. Chief Blockchain Officer, DLT Companies in FCA Sandbox, Central Bank Calls Crypto ”Fallacy”In recent regulatory news, U.K. minister, Eddie Hughes has published a report that advocates for the creation of a “Chief Blockchain Officer,” the U.K. Financial Conduct Authority has announced that a number of distributed ledger (DLT) companies have been accepted into cohort 4 of its regulatory sandbox, and Finland’s Central Bank has published a report […]

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$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies

$2.5 Billion Sent Out of Iran to Purchase CryptocurrenciesThe chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $2.5 Billion […]

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Taiwanese Bitcoin Regulations Expected by November 2018

Taiwanese Bitcoin Regulations Expected by November 2018Taiwan’s Minister of Justice has indicated that the country is anticipating to have implemented a regulatory apparatus for cryptocurrencies by November 2018. The Minister made comments revealing the expected deadline during a recent anti-money laundering conference. Also Read: Venezuela Shuts Down Two Cryptocurrency Exchanges Cryptocurrency Regulations Expected to be Enacted in Taiwan Before 2019 High-ranking Taiwanese […]

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Central Bank of Iran Bans Banks from Crypto

Central Bank of Iran Bans Banks from CryptoIran’s central bank has issued a statement banning the country’s banks and financial institutions from dealing with cryptocurrencies such as bitcoin, citing money laundering and terrorism financing risks. However, the local crypto community in Iran believes that the ban will not affect them and some exchanges continue to operate normally. Also read: Russian Regulators Draft Law […]

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Dutch Finance Minister Advocates Changes to European Crypto Laws

Dutch Finance Minister Advocates Changes to European Crypto LawsWopke Hoekstra, the Dutch finance minister, has issued a letter to Holland’s parliament describing the current regulatory framework pertaining to cryptocurrencies as “insufficiently equipped.” The minister advocates the development regional and international regulatory efforts in response to the burgeoning digital currency phenomenon. Also Read: Excessive Crypto Regulation Not Optimal, EU Banking Authority Says Dutch Cryptocurrency Investment […]

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Turkish Minister Proposes National Cryptocurrency

Turkish Minister Proposes National CryptocurrencyThe deputy chair of Turkey’s Nationalist Movement Party (MHP), Ahmet Kenan Tanrikulu, has written a 22-page report seeking to highlight the regulatory vacuum that presently exists in Turkey pertaining to cryptocurrencies. The report also makes a number of policy recommendations for the development of a regulatory framework for virtual currencies, including advocating that Turkey develop […]

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Russia Drafts Bill to Accredit ICO Issuers – Public Comments Wanted

Russia Drafts Bill to Accredit ICO Issuers - Seeks Public CommentsThe Russian government is drafting a bill to introduce the accreditation of initial coin offering issuers. Accredited organizations must comply with a set of rules, including having 100 million rubles capital, and are subject to inspections every three years. The regulators are currently accepting public comments on the proposal. Also read: Japan’s DMM Bitcoin Exchange Opens […]

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Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in Russia

Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in RussiaThe Russian Minister of Communications and Mass Media, Nikolai Nikiforov, has expressed his belief that bitcoin will not be legally recognized as a means of payment in the Russian Federation. Despite the statements, Russia still appears poised to make a bid for global dominance in the cryptocurrency mining industry. Also Read: Russia Unveils Details of Cryptocurrency […]

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Singapore to Regulate Crypto-Based Businesses, Not Cryptocurrency Itself

Singapore's MAS Moves Toward Regulating Cryptocurrency-Based Businesses, Not Cryptocurrency ItselfMr. Tharman Shanmugaratnam, Singapore’s Deputy Prime Minister, Coordinating Minister for Economic and Social Policies, and Chairman of Singapore’s financial watchdog, the Monetary Authority of Singapore (MAS), has responded to a question pertaining to MAS’s assessments and regulatory intentions regarding cryptocurrencies and initial coin offerings (ICOs). Mr. Shanmugaratnam replied by stating that the Singaporean regulator did […]

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