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Category Archives: Regulation

China’s Hainan Reserves Big Concessions for Crypto Industry

May 18, 2020

Vincent He

Chinese have established most of the major crypto exchanges and miner makers over the world, however, there is still no progress in China's cryptocurrency compliance. China’s authority still defines cryptocurrency like Bitcoin or Ethereum as a virtual commodity—people can hold it at their...

Chinese Court Rules Ethereum As Legal Property

Apr 22, 2020

Vincent He

A court in Shenzhen city has passed sentence for an Ethereum theft case recently, ruling that Ethereum token is protected by law as legal property with ‘economic value’, and Chinese citizens are not barred from owning and transferring them. Li, the defendant, took the position as a bloc...

Japan to Cast Wider Crypto Regulatory Net Starting May 1

Apr 18, 2020

Olusegun Ogundeji

Japanese regulators are set to tighten restrictions on crypto custodians in the country. Come May 1, it will be enforcement date for the updated Japanese Payment Services Act (PSA) which will bring about more defined regulations and framework for Japanese crypto exchanges and Virtual As...