cryptocurrency regulation
The latest Congressional Hearing had academic, engineering and entrepreneurial experts discussing how digital currencies should be dealt amid the existing need of innovation and education in this space.
Bithumb, one of South Korea’s major cryptocurrency exchanges, is expanding its geography to Thailand and Japan.
Global regulators have published a framework for “vigilantly” monitoring risks from crypto assets, even though they don’t pose a major risk to financial stability for now.
David Drake, Founder and Chairman of LDJ Capital, shares his personal insights explaining what encourages investors enter today’s crypto markets.
Members of South Korea’s political parties will present their draft bills and debate on it during an extraordinary session of the National Assembly, from July 13 to 26.
Malta is actively working on becoming the friendliest jurisdiction for firms dealing with cryptocurrencies from all over the world.
South Korea’s Financial Services Commission has revealed its new anti-money-laundering and know-your-customer rules for for crypto exchanges.
Though there is still little clarity regarding the future of cryptocurrencies in India, the authorities promise to present crypto regulations in July.
The report goes to mention that unlike cryptocurrencies, CBDC’s could ensure financial stability and be used for exchange instead of just mere speculation.
Dong He, deputy director of the IMF’s Monetary and Capital Markets Department, published an article where he suggested that crypto assets may reduce demand for central bank money and proposed central banks create their own digitized assets.
South Korea’s taxation ministry is planning to introduce taxes on cryptocurrency and include them in the tax plan. The issue is to be solved in June this year.
Lagarde said that the same blockchain technology which underpins cryptocurrencies can be used to regulate cryptocurrencies and also track whether they are being used for any illicit activities.
CFTC though has mentioned that staff members won’t be allowed in any decision-making process involving cryptocurrencies to avoid conflict of interest.
