The “crypto-nation” continues to support the development of FinTech businesses by instituting "relaxed" license requirements. Switzerland's Financial Market Supervisory Authority (FINMA), the country's financial regulator, announced yesterday, December 3, a series of new, "relaxed" requirements for blockchain- and cryptocurrency-based firms applying for a FinTech license. The regulator is moving forward...
December 4, 2018 11:49 PM The tax regulator seeks to tighten its grip during the country’s 2019 tax reformation restructuring. According to a report in Japanese newspaper Mainichi Shimbun, the National Tax Agency (NTA), Japan's tax regulatory body, is working to introduce strategies to curb tax evasion on cryptocurrency transactions from...
December 4, 2018 12:57 AM Talks about regulation centered around anti-money laundering and anti-terrorism funding. The G20 Leaders' Summit met in Buenos Aires, Argentina, this last weekend. Among topics such as a sustainable food future, infrastructure development, and global economic growth, crypto-asset regulation was also discussed. Throughout 2018, G20 leaders have shown...
In a speech over the weekend, the director of the Beijing Municipal Bureau of Finance warned that security token offerings (STOs) are illegal in the region. Speaking at the "2019 Global Wealth Management Forum" on December 1, 2018, the head of the Beijing Municipal Bureau of Finance, Xuewen Huo, said: "I...
November 30, 2018 9:52 PM Legal drama between partners spoiled a unique take on eco-friendly crypto mining. For a company that combined aspects of the crypto mining and renewable energy industries, Envion AG was anything but put together. After a successful ICO that raised $100 million, an investigation by the Swiss...
November 30, 2018 12:11 AM The two celebrities shilled initial coin offerings without disclosing they were paid to promote them. What do boxer Floyd Mayweather and record producer DJ Khaled have in common? Getting on the SEC's bad side, apparently. The US Securities and Exchange Commission (SEC) recently charged the two men...
November 30, 2018 12:19 AM The AriseCoin ICO pulled in over $4 million. The man behind it allegedly promised some things he couldn’t deliver. According to a press release sent out by the United States Attorney's Office of the Northern District of Texas, Jared Rice, Sr., CEO of the Dallas-based AriseBank,...
November 29, 2018 10:16 PM The SEC failed to demonstrate that BLV tokens were securities as defined by US securities laws. On October 5, US District Judge Gonzalo Curiel of the Southern District of California granted the Securities and Exchange Commission's (SEC) ex parte application to, among other things, halt a...
November 28, 2018 8:44 PM The city is not yet halfway through an 18-month ban, but at least one local miner is ready for the moratorium to end. In March, the city of Plattsburgh, New York, instituted an 18-month moratorium on new crypto operations on the city after its inexpensive electricity...
November 27, 2018 9:36 PM The exchange has received an upvote from the Korean government. Upbit, the top South Korean cryptocurrency exchange by trade volume (according to data from CoinMarketCap), was recently granted an information security management system (ISMS) license from the Korea Internet and Security Agency (KISA), a sub-organization of...