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…
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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…
Japanese ‘expert meeting’ seeks to simplify tax payment for digital assets
Japanese Investigation Committee has commenced discussions aimed at improving the system by simplifying tax payment procedure for virtual currency holders. Reports by regional news outlet Sankei indicated that the committee, which also serves as the main advisory body for the…
World Bank President now Believes that The Blockchain has “huge potential”
The president of the world bank group Jim Yong Kim has expressed his view that blockchain technology has “huge potential” and that the bank should keep pace with innovative technologies. Kim’s remarks came at the international monetary fund (IMF) and…
The SEC Intensifies its Crackdown on ICO’S Despite Protests of Regulatory Ambiguity
The SEC continues its scrutiny on cryptocurrency projects by expanding their crackdown on initial coin offerings (ICOs). The watchdog’s heavy involvement in crypto by way of scrutiny is putting a lot of crypto projects at risk according to a study…
UK Crypto Regulations Could take Two Years to Arrive According to Legal Expert
Crypto-currency regulation talks have taken center stage in the developed world over the past couple of months with countries seeking to gain clarity from their financial regulators on where they stand when it comes to classifying cryptocurrency. In the case…
Russia’s elusive legislation when it comes to crypto
Russia has been busy in 2018 doing other things other than just hosting the FIFA world cup. Russia has been busy trying to pass cryptocurrency regulation since the start of the year with no success as of yet. The government’s…
Ripple Leads Coalition to Drum up Support for the Crypto Industry by Government
Crypto giants Ripple whose token is ranked third by market capitalization is at it again. This time leading a group of crypto startups to lobby lawmakers and financial regulators in the United States capital to throw their weight behind blockchain,…
US Lawmakers Petition the SEC for Clarity on Crypto Regulations
United States lawmakers have recently taken a notable interest in the crypto space with several sessions being held on the same as well as several sittings with blockchain enthusiasts and developers. Most recently, a group of United States Congress lawmakers…