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Tag Archives: regulation

2020 China Crypto Regulation in Review

Dec 31, 2020

lylian Teng

The last 12 months have seen tremendous changes take place in the cryptocurrency sphere. And in this year, China seems to show some tolerance to the crypto industry with compliant bitcoin mining operations being supported by some local governments in the country. This year, the Chinese gover...

Is China Trying to Put Its Cryptocurrency Industry out of Business?

Nov 24, 2020

Forkast.News

After crackdowns on crypto exchanges, China is now freezing bank accounts. Why is the world's largest bitcoin producer tightening the vise over its miners? Crypto miners in China have a big problem on their hands: they can’t pay their electricity bills. Even though their mining farms might...

China Building Up Momentum for Global Digital Currency Framework

Nov 3, 2020

Olusegun Ogundeji

China's emerging role in the digital currency regulation space as well as its need to work with others is gradually taking shape with series of recent events adding up to make Asia's top economy's participation in the development of a global framework more established. Aside from the Chinese ...

India’s Supreme Court Lifts Crypto Ban

Mar 4, 2020

The Supreme Court of India has overturned a ban on cryptocurrency trading in India, effectively legalizing cryptocurrencies in the country.  According to a report from Bloomberg, a commission of three judges, led by Justice Rohinton F. Nariman, ruled that the ban on cryptocurrency tr...

U.K. Releases Economic Crime Plan That Addresses Crypto Assets

Jul 16, 2019

Bitcoin Magazine

The Economic Crime Plan (2019–22) released by the U.K. government and the trade association UK Finance details regulatory action on cryptocurrencies to prevent their use in criminal activities. According to the document, the government is working closely with businesses to bring toge...

Regulation Could be Driving Blockchain Events From Asia to Europe

Mar 30, 2019

Olusegun Ogundeji

From France to The Netherlands, Europe seems to be bracing up to the challenge to outdo Asia in hosting high-quality blockchain events in 2019 owing to regulatory developments, an industry insider said. Karim Sabba, the co-founder of Paris Blockchain Week shares a view in line with...

India’s Dilemma With Cryptocurrencies

Aug 30, 2018

Olusegun Ogundeji

India's Reserve Bank's stance on cryptocurrencies is being put to a test at the moment. As a potential huge market for cryptocurrencies, the bank had in April barred its regulated entities from dealing bitcoin-like cryptocurrencies but it recently set up an inter-departmental group to study and...