Featured The number of cryptocurrency app users in South Korea has increased 14 times in the last 11 weeks to approximately two million users, according to a recent analysis. Users spend an average of 26 minutes using them daily and the majority of users are in their 30s. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on
Regulation The U.S. Securities and Exchange Commission (SEC)’s investigation over shady behavior in the cryptocurrency market will only continue, said former chairman Harvey Pitt. Also Read: Popular Chat App Kakao’s Exchange Upbit Claims Number One Spot in South Korea Tighter Regulation on the Horizon SEC this Tuesday halted trading of The Crypto Co. over manipulation concerns after a massive stock leap.
Regulation The South Korean government is conducting on-site inspections of crypto exchanges following the release of its emergency measures for cryptocurrency regulation. The regulators have also notified the country’s largest exchanges that they are subject to the Information Security Management System certification requirements. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions On-Site Inspections of
Altcoins Centra, an initial coin offering (ICO) noted for having been promoted by Floyd Mayweather, is now facing a class action lawsuit. The ICO is accused of violating securities laws by misrepresenting the cryptocurrency as comprising a utility-based token. Also Read: Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore The Suit Has Been Filed on Behalf of
Regulation Bitcoin’s skyrocketing price has triggered a wave of warnings from regulatory institutions. The European Central Bank (ECB) has implored the European Union (EU) to regulate bitcoin, whilst the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged India’s government to take legislative action against bitcoin. The highly anticipated launch of institutional bitcoin futures markets has also prompted
Regulation The chairman of the Israel Securities Authority (ISA), Professor Schmuel Hauser, has recently outlined a number of the regulator’s concerns regarding cryptocurrencies and initial coin offerings (ICOs). Also Read: Israeli Securities Authority Establish Committee to Consider ICO Regulations “There’s a Difference Between Blockchain Technology in General, and Cryptocurrencies and ICOs” Professor Hauser opened his address by seeking to demarcate between
Initial Coin Offerings (ICOs) or token sales are a surging trend to raise funds quickly. In May, for example, the Monaco Visa ICO raised $3 million in 3 days. Debate ensued on whether Monaco Visa was a good gamble, but one category of investors didn’t have to worry: Americans. That’s because Monaco Visa, like a growing number of other ‘foreign’
Colombia’s top financial regulator published a circular about digital currency last week, naming bitcoin several times. Citing its potential risks, the authority clarified its stance on the cryptocurrency. Also read: Colombia’s Poor Banking Infrastructure Great Potential for Bitcoin Bitcoin in Colombia The Colombian government and central bank have made statements in the past about bitcoin, but no laws have been passed