South Korea’s top financial regulator, that was expected to relax restrictions on domestic initial coin offerings (ICOS), now says it will not be lifting the restrictions citing violation of rules by some ICO projects. A report from Coindesk Korea read;…
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over-regulation is Stifling the Crypto Space in Ukraine according to the Country’s Central Bank Official
According to a Ukrainian central bank official, overregulation in Ukraine is putting a ceiling on crypto development in the country. According to the director of strategy and reform department of NBU, Mikhail Vidyakin, too many institutions in Ukraine have been…
Indian Investors Warned off Crypto by Local Authorities
Even as crypto enthusiasts look forward to a possibly sunnier 2019 when it comes to the crypto markets, some jurisdictions are casting heavy clouds on that possibility. The police in the Indian state of Jahmu and Kashmir have issued a…
US Senator and Crypto Critic Elizabeth Warren, will Launch presidential bid in 2020
US Democratic party senator, Elizabeth Warren has let it be known that she will be bidding for the presidency in the 2020 general elections in a report by the New York Times. Warren is a respected senator from Massachusetts who’s…
Norway Scraps Electricity Subsidies for Norwegian Bitcoin Mining Firms
Aftenpost, Norway’s largest newspaper, has confirmed that the Norwegian government will stop giving electricity subsidies to crypto mining firms in the country. Bitcoin mining firms in the country had been paying a lowly $0.05 per kilowatt which will soon rise…
The State of Michigan Formally Bars the Use of Crypto for Political Contributions
A formal letter sent by the Michigan Secretary of State sees the use of crypto-currencies for political donations formally barred. The letter which was published on 8th November was in response to state legislature candidate William Baker, who had asked…
The US-Midterms sees a Number of Pro-crypto politicians scoop Top Seats
The much-anticipated midterm elections in the United States came and concluded last week with some interesting fresh faces coming to the fore. The mid-terms saw some interesting and progressive wins for minority women with Alexandra Ocasio Cortez becoming the youngest…
Unocoin Co-founder Arrested for Setting up Bitcoin ATM in India
37-year-old Harish BN was apprehended this week by the cyber crime police unit in Bengaluru India, for reportedly running a Bitcoin ATM without the relevant approvals. Harish is the cofounder of Unocoin, a blockchain based company responsible for setting up…
Financial Action Task Force: Global cryptocurrency regulation framework to be out by June 2019
The global watchdog for money laundering has announced that it will start publishing its first batch of cryptocurrency regulations by June next year. The Financial Action Task Force (FATF) said there is a great need to implement worldwide jurisdictions…
Celebrated boxing Legend Pacquiao takes the crypto world by storm, preparations to launch his own cryptocurrency on course
It’s all systems go as the much-awaited launch for Manny Pacquiao’s cryptocurrency finally nears. Reports from The Strait Times, a Singapore-based daily broadcast, indicated that the Global Crypto Offering Exchange (GCOX), a Singapore-based start-up will be in charge of the…