However, Chung Ki - joon, head of the Prime Minister's Economic Policy Coordination, prepared to announced that «the government's changed [its] position on
digital currency regulations at 9:40 a.m. on Monday, saying the government would not shut down cryptocurrency trading,» the news outlet conveyed.
In an article about New York's
proposed digital currency regulation, Kraken CEO Jesse Powell expresses his concerns over plans to treat digital currencies in the exact same manner as other financial instruments.
Japan isn't particularly liberal
toward digital currency regulation; it's merely winning the race to attract the best from Asia's cryptocurrency industry, as China and South Korea have been creating hostile / uncertain environments.
And
as digital currency regulation advances, and assuming the integration goes smoothly with Coinbase's platform, the remittance company will be in a strong position to bridge the gap between incumbent financial services and alternative stores of value.
Other stories in the news: - A hotel bookings company based in Australia has developed a blockchain proof - of - concept in partnership with Microsoft; OKcoin launches Blockchain remittance network in Korea; China's first online insurance company starts blockchain R&D and the Department of Justice is looking to hire attorneys to assist it with
developing digital currency regulations.
While the Malaysian government has so far remained silent on the subject of bitcoin and
digital currency regulation, Luno continues to stay in regular contact with Bank Negara Malaysia (BNM), the country's central bank and financial regulator.
She also reiterated that the CBN recognises what is happening and stated that announcements will be made early next year in regards to
digital currency regulation.
Gibraltar's government published a consultation paper in January 2016 on
digital currency regulation.
Just when the entire crypto markets were seen correcting heavily last week, the G20 regulators instilled positivity back within the crypto community with some positive statements on
digital currency regulations.
Speaking at
a digital currency regulation panel, Dana Syracuse, a former New York Department of Financial Services attorney who helped oversee the state's creation of the BitLicense for regulating digital currencies, said that compliance requirements for blockchain companies should be minimised and, in addition, somehow standardised at the federal level.