Not exact matches
There is little precedent in the
cryptocurrency - policy arena to guide current
regulatory efforts.
Several Japanese
cryptocurrency exchanges have joined forces to form a self -
regulatory body in an
effort to better protect investors following last month's attack on Coincheck, which resulted in the loss of hundreds of millions of dollars.
Despite the EP's
efforts, the
cryptocurrency market is not commonly regulated throughout the European Union, as different
regulatory approaches are present.
We believe that additional
regulatory efforts will be focused on two areas: ICOs, and
cryptocurrency - related packaged products (such as exchange - traded funds, or ETFs).
The fall of
cryptocurrencies has been largely triggered by
efforts of China and South Korea to curb the
cryptocurrency trading, as well as
regulatory moves of major world banks, including Bank of America, JP Morgan, and Lloyds Banking Group, to ban
cryptocurrency transactions.
Sixteen
cryptocurrency exchanges in Japan have formed a new self -
regulatory organization, an
effort that comes in the wake of a $ 500 million hack.
In the event, the absence of
cryptocurrency or ICO related topics promptly killed the talk of further crypto scrutiny for now, yet it still remains to be seen whether China will move to enforce further
regulatory measures on
cryptocurrency activities, following its existing oversight
efforts.
On December 15th, 2017, France and other members of the European Union agreed to impose
regulatory controls on
cryptocurrency exchanges in an
effort to prevent money laundering, tax evasion, and financing of terrorism.
An official of the association was quoted by Asia Economy saying, «I respect member companies» willingness to create a secure
cryptocurrency market... We will make
efforts to ensure strict and fair self -
regulatory review.»
The advent of Bitcoin futures and the spectacular growth in the
cryptocurrency's value are encouraging exchange - traded fund (ETF) providers to renew their
efforts to obtain
regulatory approval for vehicles that would track Bitcoin futures directly.
Several Japanese
cryptocurrency exchanges have joined forces to form a self -
regulatory body in an
effort to better protect investors following last month's attack on Coincheck, which resulted in the loss of hundreds of millions of dollars.
Sixteen
cryptocurrency exchanges in Japan have formed a new self -
regulatory organization, an
effort that comes in the wake of the $ 500 million theft...
While not all of the questions were focused directly on clarifying future U.S.
regulatory frameworks on «virtual currencies,» the
cryptocurrency industry was made aware of the
effort regulators and lawmakers alike took to learn about the new asset class.