archiveregulations

In a recent Ripple Insights article, Ripple talked about the regulation of digital assets in the European Union. The article starts off with Eva Kaili, a member of the European Parliament representing the Panhellenic Socialist Movement (PASOK), talking about when she first attended a blockchain conference. This was back when...

The South Africa Revenue Services is writing a new draft of the South African crypto regulations. This is to define a new framework for regulations related to virtual currencies in South Africa. This move is similar to what a lot of governments are doing around the globe. Furthermore, this news...

Why does the SEC want to regulate tokens? The mere fact of raising money to run a business and creating a hope of profit either directly or indirectly via the sale of the tokens at the market value classifies a token as a security token irrespective of what promoters might...

The Catalonian Government is working towards integrating Blockchain technology in its operations. Known for being brave and innovative, this new move by the local government shows that they are at the forefront for trying out new technology and investing in it. In the recent press release, the  Generalitat de Catalunya (government...

Iran might become the first country to start using bitcoin at the larger level. US Ambassador Richard Grenell recently revealed that they are worried about Iran’s plans to withdraw 300 million Euros in cash held in German Banks. Grenell expressed the US Government’s concern through the following statement We encourage...

The South Korean government has reportedly made plans to loosen restrictions on cryptocurrencies based on the G20 meeting. The G20 meeting made efforts to create uniform regulations. The meeting established July as the deadline to take the first step on "unified regulations". The news was also confirmed by an official...

Helmut Ettl and Klaus Kumpfmüller, board directors of the Austrian FMA (Financial Market Authority), have offered proposals to impose tighter regulations on ICOs (Initial Coin Offerings) and cryptocurrencies, reports local news outlet Die Presse, June 29. According to the article published by Die Presse, Kumpfmüller has proposed a new “threshold-dependent” requirement...

According to the latest news by The Times of Israel, many major companies in Israel want to invest in cryptocurrencies and also want to start working with cryptocurrencies, hence the authorities are taking steps in order to flourish the cryptocurrency industry. To ensure that the cryptocurrency industry flourishes, the authorities...

As per a statement on May 24, ShipChain, a logistics and supply chain has denied the claim of South Carolina regulators that it crossed paths with state security laws. Recently, ShipChain was issued a cease-and-desist order from the South Carolina Attorney General's office. The order asserted that the company was...

The MAS (Money Authority of Singapore), the city-state’s central bank and financial regulatory authority has proposed some new changes to existing rules and regulations, in an attempt to ease the market entry for all decentralized exchanges. If the proposal gets accepted, blockchain-based exchanges would also have an easy entry into...

South Korea has made news for having regulated the cryptocurrency industry in Asia. In September 2017, the Financial Supervisory Service (FSS) banned initial coin offerings (ICOs). In January 2018, the Financial Services Commission (FSC), the country's financial regulator, enforced a ban on anonymous cryptocurrency trading. However, this is set to...