On July 8, 2019, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) put out a joint statement discussing broker-dealer custody of digital asset securities. These organizations aspire to address compliance issues faced by...
Bitcoin adoption is on the rise in the U.S. as an increasing number of investors are turning to digital assets to add diversity to their investment portfolios, according to new research by Coinbase. For the research, published as “The United States of Crypto,” the leading cryptocurrenc...
A law has been proposed in India to ban the use of cryptocurrency altogether, with a potential non-bailable prison sentence of up to 10 years for offenders. Bloomberg initially reported on this development on June 6, 2019, noting that a bill has been proposed to attack those who “mine, gener...
Since late 2013 when the world’s first bitcoin ATM was unveiled in Canada, the number of bitcoin ATMs around the globe has continued to increase amid the crypto mania, while the installations in Asia see no obvious growth despite the large concentration of bitcoin-related activities in the...
Its validity may be questioned but a new study on Google search results says they contribute to a lack of trust in the cryptocurrency industry which affects projects' success and coin prices. Many in the crypto community follow and monitor Google search trends to gauge interest and make compa...
Despite the crypto market experienced a rough 2018, with the market capitalization fell to lows of $100 billion in December, many analysts see the drops as being temporary because more and more large institutional investors have entered the crypto race. Bakkt, a cryptocurrency exchange and liq...
Last Sunday, a video of a self-assumed ‘crypto millionaire’ sprayed more than $12 million worth of HK dollars in the air at one of Hong Kong’s poorest neighborhood of Sham Shui Po, which caused a crowd of bystanders into a frenzy. According to CCN, the 24-year-old man, named Won...
Upbit, South Korea’s largest crypto exchange by volume according to CoinMarketCap, has been approved by the Korea Internet and Security Agency (KISA) for having a strong infrastructure in place. On November 26, Upbit received an information security management system (ISMS) ...
At the Fourth Regional Counter-Terrorism Financing Summit, Thailand’s Deputy Prime Minister Wissanu Krea-ngam disclosed the plans of the government to strengthen regulations around the crypto market. Minister Wissau specifically announced the intent of the government to solidify A...
This week, Hong Ki-hoon, a respected economics professor at the prestigious Hongik University, heavily criticized the decision of the government to place a blanket ban on domestic initial coin offering (ICO) projects. In Sept 2017, the government of South Korea and local financial aut...
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