Regulation

China Bitcoin Exchanges Will Trade Over-the-Counter

China Bitcoin Exchanges Will Trade Over-the-Counter

Huobi Bitcoin exchange will begin offering over-the-counter (OTC) services for Chinese traders soon, as announced by CEO Lin Li. This news came as traditional Chinese crypto-to-crypto exchanges breathed their last breath. Heavy regulation has forced Chinese exchanges to rethink their business models. As of 1 November, trading cryptocurrencies on open […]

 
South Korea Will Manage Bitcoin as a Commodity

South Korea Will Manage Bitcoin as a Commodity

While Japan respects digital currencies as legal currency and the IRS considers them property, South Korea has taken a different approach. Lee Joo-yeol, South Korean central bank governor, recently proclaimed that Bitcoin and virtual currencies would be treated as commodities. Regulation will take time to fully formulate and is not […]

 
CryptoRuble Drafted by Russia | Markets Choke

CryptoRuble Drafted by Russia | Markets Choke

Just days after Russia issues a ban on cryptocurrencies, it has now confirmed that it will issue its own digital currency, the CryptoRuble. In doing so, Russia has confirmed the greatest fear of cryptomongerers: impending regulation. Examining CryptoRuble’s Specifications Russia’s CryptoRuble will be controlled entirely by central authorities, according to Nikolay […]

 
Russia Seeks to Regulate Cryptocurrency in Near Term

Russia Seeks to Regulate Cryptocurrency in Near Term

Russia’s National Council for Financial Stability met Tuesday headed by Prime Minister Igor Shuvalov to discuss regulation of bitcoin and cryptocurrencies. No immediate action was taken, but headway was made on the matter, and it was not favorable for bitcoin. Deputy Minister Alexey Moiseev was quoted, saying: “No regulator doubts […]

 
Bitcoin Activates SegWit and the IRS’ Partnership with Chainalysis

Bitcoin Activates SegWit and the IRS’ Partnership with Chainalysis

Prominent Bitcoin speculators have established long positions in the currency anticipating windfall profits as SegWit (Segregated Witness) officially activates bringing with it highly anticipated upgrades, but those hopes have yet to be realized leaving many asking the question: ‘Why?’ It is true, the change will bring with it several Bitcoin […]