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South Korean Authorities Move to Seize Full Regulatory Control Over Crypto Exchanges

With the justification of helping to protect crypto investors in South Korea, financial regulators have teamed up to create a central system that helps them to completely monitor and control the ins and outs of the South Korean crypto industry.Currently, crypto exchanges in South Korea are subjected to certain regulations

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Bitcoin Exchanges in South Korea to come Under Direct FSC Regulatory Purview

Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean crypto bourses. Platforms in the country have in recent times

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Germany to Regulate Crypto Businesses with Special Regulatory Licenses

The latest Anti-Money Laundering (AML) regulations in Germany will dictate to German cryptocurrency companies and exchanges to hold licenses issued by the Federal Financial Supervisory Authority (BaFin) starting next year.Since the evolution of Bitcoin (BTC)trade since its inception in 2009, the primary target of blockchains and cryptocurrencies has been to

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US Senate to Hold Debate on Crypto, Blockchain Regulatory Frameworks

The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week.An official committee announcement indicates the hearing — entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” — will take place on July 30. The planned witnesses will be Jeremy

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France to Regulate Crypto Companies in Exchange for Regulatory Approval

France is all set to experiment a legal regulatory framework for cryptocurrency platforms later this month. The framework aims to regulate consumer protection protocols, tax mandates and capital requirements.This move was made by the country’s top financial body, the Financial Markets Authority (FMA). Crypto firms are expected to voluntarily abide

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Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his comments in a hearing before the House Financial Services Committee on July 10.Rep. Steve Stivers asked Powell during the meeting, “if

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Singapore Ponders Bitcoin (BTC) Tax Exemption in Regulatory Scheme

Singapore’s government appears set to offer tax exemptions for bitcoin and other cryptocurrencies based on a draft document published by the country’s tax body. The proposed perpetual tax holiday will reportedly apply to virtual currencies deemed to be digital payment tokens and will come into effect in 2020 if approved. GST

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