South Korea is following in the footsteps of India in terms of legalizing cryptocurrency trading and holding after passing a
Cryptocurrency regulations have been a hot topic of debate among the community ever since digital assets came into existence.
The debate circles whether legislation on cryptocurrencies will carry positive or negative outcomes for the crypto ecosystem.
Some believe that cryptocurrencies such as Bitcoin should operate on their own, without any regulatory oversight. This comes from one of their predominant and perhaps most essential features – decentralization, or the lack of central authorities. This would put the power entirely in the hands of network participants.
However, and on the other hand, there are a lot who believe that proper and well-defined regulations are a critical step towards mass adoption.
In reality, the tendency seems to be favoring the latter group. The well-known and reputable cryptocurrency companies and exchanges are doing their best to abide by the law in order to deliver further security and to avoid regulatory scrutiny.
This is especially the case in the fields of Know-Your-Customer (KYC) and Anti Money-Laundering (AML) regulations. These are welcomed with mixed feelings by the crypto community because they strip away one of the landmark feats of most cryptocurrencies – privacy.
Recent Regulations News
Today, the cryptocurrency community in India received a positive outcome on behalf of the country’s Supreme Court. After years of
The German Federal Financial Supervisory Authority (BaFin) has recently issued guidelines on cryptocurrencies. Following the 5AMDL from earlier this year,
The unregulated cryptocurrency bookmarkers are becoming a significant threat in the gambling world, said Hong Kong Jockey Club executive, Tom
The Israeli Attorney General, Dr. Avichai Mandelblit, has stated that banks in the country should not stop providing banking services
Changpeng Zhao, the CEO of Binance, has confirmed that his company applied for an operating license in Singapore. This comes
Bitcoin’s price made yet another positive week of continuous gains. In the past seven days, BTC is up more than
Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted
Democrat Andrew Yang, who previously urged for more transparent cryptocurrency regulations, has suspended his 2020 presidential campaign. With recent disappointing
India remains one of the countries in the world with regulatory uncertainty when it comes to cryptocurrencies. While the Reserve