Bitcoin Is Not Valid As Currency, Says India’s Central Bank

News | September 14, 2018 By:

The Reserve Bank of India (RBI), the country’s central bank, has filed an affidavit in the supreme court arguing that cryptocurrencies cannot be recognized as legal currency due to existing legal frameworks.

In April of this year, RBI issued a controversial decree directing all regulated financial institutions to quit providing services to businesses dealing in cryptocurrencies,


South Korean Official Calls For Global Crypto Regulations

ICO News, News, Regulation | September 10, 2018 By:

Yoon Suk-heun, governor of South Korea’s Financial Supervisory Service (FSS), has urged regulators from 14 other countries to jointly draft international regulations for cryptocurrencies and initial coin offerings (ICO).

During the 20th Integrated Financial Supervisors Conference (IFSC) in Seoul last week, Yoon urged the need for international coordination,


European Union Should Adopt Common Crypto Regulations – Belgian Think Tank

News | September 6, 2018 By:

Brussels-based think tank Bruegel is urging European Union leaders to adopt common rules on cryptocurrencies and scrutinize how they are distributed to investors.

In a report prepared for EU finance ministers, Bruegel argues for EU-level regulation of crypto exchanges and clearer rules on initial coin offerings (ICO) to control investor risks and incubate growth for the industry.


Japan’s Financial Services Agency Tightens Registration Process For Crypto Exchanges

News, Regulation | September 3, 2018 By:

Japan’s Financial Services Agency (FSA) has reportedly introduced a stricter screening process for crypto exchanges seeking approval to operate in the country.

Japan Times reported that the FSA has tightened its registration screening for crypto exchanges in order to “to see whether they are properly conducting risk management.” Citing unnamed sources,