Regulators Plan To Meet on Cryptocurrencies, Seek To Define Whether Commodity Or Security

Investing, News, Regulation | May 1, 2018 By:

Ethereum is under increased scrutiny by US commodities and securities regulators, who are exploring whether it and other cryptocurrencies should be considered securities.

The Wall Street Journal reported today that the Securities and Exchange Commission and officials from the Commodities Futures Trading Commission (CFTC) are meeting soon to iron out their definitions. 

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Offshore Crypto Websites May Be Blocked By China

News, Regulation | February 6, 2018 By:

The government of China is reportedly planning to block all offshore websites related to cryptocurrency trading and initial coin offerings (ICO).

According to an article published by Financial News, a publication affiliated with the People’s Bank of China, recent attempts to stamp out cryptocurrencies by shutting down domestic exchanges had failed to completely eradicate trading.

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Unified Crypto Regulation Proposed By Russian PM Dmitry Medvedev

News, Regulation | February 5, 2018 By:

Russian Prime Minister Dmitry Medvedev said that cryptocurrency regulation should be common across the Eurasian Economic Union (EAEU). The EAEU’s members are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

Speaking at the Digital Agenda in the Era of Globalization forum in Kazakhstan, Medvedev urged that “We should not be focused only on national policy … Let us pay serious attention to it as our economies are far too closely linked.

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Cryptocurrency Investors In India Received Tax Notices

News, Regulation | January 22, 2018 By:

The Income Tax Department of India has reportedly sent tax notices to cryptocurrency investors following a nationwide survey.

Last month, the tax department surveyed nine major cryptocurrency exchanges across six major cities, including Delhi, Bengaluru, Hyderabad, Kochi and Gurugram. The surveys were undertaken for “gathering evidence for establishing the identity of investors and traders,

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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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