China’s Internet Finance Regulator Warns On “ICOs in Disguise”

ICO News, Investing, News, Regulation | January 15, 2018 By:

China’s National Internet Finance Association (NIFA), a self-regulatory organization in the field of Internet finance, has issued a warning against risks from the so-called “initial miner offerings” (IMO).

In a statement, NIFA claimed that IMOs are disguised initial coin offerings (ICO), the latter completely banned in the country.

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South Korea Cryptocurrency Crackdown: Crypto Exchange Ban Not Finalized

Investing, News, Regulation | January 12, 2018 By:

South Korea’s presidential office said that the proposed ban on cryptocurrency trading is not “finalized.”

The statement came after Park Sang-ki, South Korea’s justice minister, revealed plans to ban all cryptocurrency trading through exchanges. He expressed “grave concerns” over the heightened adoption and craze among the general public for cryptocurrencies.

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Crypto Working Group Formed By Ukraine’s Financial Regulators

Investing, News, Regulation | January 12, 2018 By:

Ukraine’s financial regulators are forming a working group to look into cryptocurrency regulation. The announcement was made during a recently held meeting of the National Cybersecurity Coordination Center.

During the meeting, National Security and Defense Council chief Oleksandr Turchynov said that a lack of regulation around cryptocurrencies constitutes a threat to Ukraine’s economy and security.

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Blockchain Bills Introduced In Florida and Nebraska

Blockchain, News, Regulation | January 12, 2018 By:

Lawmakers in Florida and Nebraska have introduced bills focused on blockchain, smart contracts and cryptocurrencies.

On January 9, Florida state representatives James Grant and Jackie Toledo introduced House Bill 1357. The bill establishes multiple provisions pertaining to blockchain ledgers and smart contracts. It states that these could be treated as legally-binding methods of data storage,

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Ripple XRP and Payments Giant MoneyGram Partner For Cross-Border Remittances

Innovation, Investing, News, Regulation | January 11, 2018 By:

Ripple, whose XRP token is the third-largest cryptocurrency in market cap, has partnered with payments giant MoneyGram for a new cross-border payments solution using XRP.

Global payments is a growing market, particularly with mobile solutions increasingly coming on board. It is estimated that remitters sent nearly $600 billion in cross-border payments in 2016.

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South Korea Cryptocurrency Crackdown: All Crypto Trading May Be Banned

News, Regulation | January 11, 2018 By:

The South Korean government is reportedly preparing a bill to ban all cryptocurrency trading in the country.

The move was revealed by Park Sang-ki, South Korea’s justice minister, at a press conference. He claimed that there are great concerns regarding cryptocurrencies and the justice ministry is preparing a bill to ban cryptocurrency trading through exchanges.

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Blockchain Task Force Created By Switzerland

Announcements, Blockchain, ICO News, Regulation | January 11, 2018 By:

The government of Switzerland has created a new taskforce to begin developing a regulatory framework on blockchain and initial coin offerings (ICO).

Called Taskforce Blockchain, the group will be led by Finance Minister Ueli Mausrer and Economics and Education Minister Johann Schneider-Ammann. Taskforce Blockchain will also consist of blockchain startups,

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