Cryptocurrency regulation refers to the rules and guidelines put in place by a government or regulatory body to oversee and control how cryptocurrencies are used. It ensures that these digital currencies are not misused for illegal activities and protects the interests of investors and users.
Full definition
Regulation The South Korean prime minister has ordered a new code of conduct to be prepared and implemented specifically to address the actions of government employees
regarding cryptocurrency regulations.
Given the large volume that is traded on such exchanges, it's possible that
new cryptocurrency regulation could reduce prices in the near - term.
The South Korean prime minister has ordered a new code of conduct to be prepared and implemented specifically to address the actions of government employees
regarding cryptocurrency regulations.
The bill
on cryptocurrency regulation, which we have developed, is precisely aimed at ensuring that the cryptocurrency industry is also under state control.
It is similar to IPO, however cryptocurrencies are traded in the more anonymous environment, and investors are not enough protected with lack
of cryptocurrency regulations.
In another shock move the South Korean Ministry of Justice announced that they would be banning trading in cryptocurrency, fortunately, this was done without the consent of the other government agencies involved in the South Korean
cryptocurrency regulation task force and the matter has to be cleared up by the Blue House, the executive office and official residence of the South Korean President.
Mr. Dombrovskis stated that the roundtable conference needs to abide by an existing Franco - German letter concerning
cryptocurrency regulations as, «Crypto - asset markets are global, with worldwide transactions between investors, consumers and intermediaries.
While some news headlines are presenting this as a catastrophic development that will shut down the cryptocurrency industry in South Korea, the initiative of the South Korean authorities is in line with current trends toward
stronger cryptocurrency regulations in China, Europe and the U.S.
With
more cryptocurrency regulation inevitable in the coming months, this could prove to be an important test case and a strong indicator as to which way the rest of Europe will turn.
The comment indicates the government is moving to clear the recent confusion
around cryptocurrency regulation in South Korea, mainly created by conflicting comments issued by different government bodies.
Jinse has reported that the General Principles of the Civil Law of the People's Republic of China, which is expected to come into effect on October 1st, will see Chinese
cryptocurrency regulations implemented for the first time.
However, the FSB made a decision not to embark on this building of
global cryptocurrency regulation at the conference because it intended to shore up a few of the existing economic rules, rather focusing in on existing regulations.
The government of Ukraine has created a working group composed of regulators from various branches to
draft cryptocurrency regulation proposals, including the determination of which agencies will have oversight and access.
In mid-December 2017, the Korean Blockchain Industry Association announced that it plans to «establish a set of specific ethical codes on the virtual currency bourses, including insider trading and market manipulation» after the South Korean financial authorities began
considering cryptocurrency regulations.
Regulation The Russian Deputy Finance Minister told reporters on Tuesday that the authorities decided not to
introduce cryptocurrency regulation for now, due to lack of consensus.
Regulation The case against the South Korean government
over cryptocurrency regulations filed with the Constitutional Court has been referred to the Supreme Court.