Regulation The case against the South Korean
government over cryptocurrency regulations filed with the Constitutional Court has been referred to the Supreme Court.
Not exact matches
The country will attempt to make
cryptocurrency operators hand
over user data to banks, according to an unnamed
government official.
Governments all
over the world have been trying to rein in the speculation that came from new interest in
cryptocurrencies.
A federal judge ruled three business associates of a financial technology company are likely to lose at a trial
over government accusations that they sold unregistered stock in the firm after a rally linked to
cryptocurrency.
Since
cryptocurrency is decentralized, one mustn't worry about its value depreciating because of politicians or failing international relations, nor do people have to stress
over its value becoming inflated or manipulated by
governments.
Unlike centralized banking, like the Federal Reserve System, where
governments control the value of a currency like USD through the process of printing fiat money,
government has no control
over cryptocurrencies as they are fully decentralized.
The biggest
cryptocurrency news which will continue to move the market will be the stance that
governments all
over the world will take on either adopting or supporting these digital currencies, or fighting them.
Pieters also explained that — should
governments fail to enforce control
over the
cryptocurrency — Bitcoin could effectively begin «eroding a country's ability to control their own exchange rates.»
The
cryptocurrency mining script injection found on
over 4,000 websites, including those belonging to UK's National Health Service (NHS), the Student Loan Company, and data protection watchdog Information Commissioner's Office (ICO), Queensland legislation, as well as the US
government's court system.
Its positive price movements
over the past 24 - hours may reflect the softer stance taken by the South Korean
government toward
cryptocurrencies.
It has been obvious
over the past two years that
governments are limited in what they can restrict with bitcoin and
cryptocurrencies.
Adopting a homegrown
cryptocurrency could give Telegram's payment system enormous independence from any
government or bank — something Co-founder and CEO Pavel Durov is known to covet after investors took
over his last company, Russian social network VK.
Losing Their Grip Bitcoin and other
cryptocurrencies have made it easier than ever to move money across borders — and
governments the world
over aren't too happy about it.
This proposal comes at a time when the Indian
government is pondering
over how to deal with the dynamic
cryptocurrency functioning.
The
government of India is toiling hard to strengthen their regulatory overdrive
over the functioning of
cryptocurrencies in India.
The recommendations of the
government panel shall be submitted by March and a regulator will be appointed to keep an eye
over cryptocurrency trading in India as described by the news outlet.
Since then, we have seen more
governments and
government agencies trying to exercise some control
over cryptocurrency exchanges.
It is well known in this space that China's
government has sought to crack down on
cryptocurrencies over the last twelve months or so.
With that in mind,
governments will try to find a way to gain control
over the way
cryptocurrency funds are cashed out.
The British
government for example is planning to bring forth strict
cryptocurrency regulations for getting an upper hand
over the same.
The price of bitcoin dipped below $ 3,000 in early trading Friday, shedding some $ 2,000
over the course of two weeks as Chinese authorities began cracking down on
cryptocurrencies and J.P. Morgan CEO Jamie Dimon dubbed bitcoin a «fraud,» arguing that it was a matter of time before world
governments began taking action against digital coins.
The project proponents of OilCoin also revealed that by being compliant and backed up by oil reserves, this
cryptocurrency form can bridge
over rampant criticism received from commerce, finance and
government regulatory honchos.
This has not been helped by tightening regulation by
governments all
over the world and has caused many financial experts to question the future of
cryptocurrencies.
Seoul - based law firm Anguk Law Offices announced Tuesday that it had filed a constitutional appeal on Dec 30
over the South Korean
government's recent
cryptocurrency trading regulations, calling them an «infringement of property rights», The Korea Times reports.
Mr. Kanungo stressed that
governments the world
over are also struggling with
cryptocurrency regulation, and ignoring them could impact financial stability.
Over the weekend reports were made of a
cryptocurrency mining script injected into
government owned and run websites across the US, UK and Australia.
The report marks a continuation of the scrutiny the Chinese
government and its state - owned media are taking
over cryptocurrency trading and ICOs, which still remain active among Chinese investors via more indirect channels than prior to the ban.
Should
cryptocurrencies have a common definition all
over the world and should
governments and central bank have some control
over them?
New Delhi (Sputnik)-- Even though the Indian
government has time and again advised investors to stay away from the rising digital currency craze, a nationwide survey shows more than $ 3.5 billion worth of
cryptocurrency transactions have been conducted
over the last 17 months.
This puts it outside the confines of mainstream society, which cuts across banking,
government and media (all have attacked
cryptocurrencies repeatedly
over the past five years).
The actions of
governments and regulatory authorities in Asia have been a hot topic in the
cryptocurrency space
over the last few weeks.
In December 2013, the Chinese
government banned financial institutions from using bitcoin, causing a downturn in the
cryptocurrency's value that would set a precedent for its worth
over the coming years.
The
cryptocurrency exchanges and sales have developed a peer - to - peer nexus, and the Chinese
government has lost total control
over the crypto market.
Since last week, a wave of controversy has arisen in South Korea
over the
government's attempts to more strictly regulate crypto markets, like the banning of the use of anonymous virtual accounts connected to crypto exchanges, forbidding underage citizens and foreigners to invest in crypto markets, and falsey announcing a total blanket ban on
cryptocurrency trading.
News headlines: - Markets Update:
Cryptocurrency Prices Rebound After Last Week's Dip Bolivia's
Government Arrests 60 People
Over a Pyramid Scheme — Not Bitcoin Skyrocketing bitcoin is more than just an...
The
government issued the regulations in response to the country's rapidly growing
cryptocurrency trading
over the last few months.
According to Andréa Maechler, a high - ranking representative of the Swiss National Bank,
cryptocurrencies have advantages
over government - issued digital currencies.
Unverified rumors on the South Korean
government's potential crackdown on
cryptocurrency trading circulated around online Bitcoin communities
over the past few days.
Over the past a few years, Russia has taken a U-turn on its attitude towards
cryptocurrency, moving from a possible ban to robust discussion and the exploration of use cases that could be adopted by
government agencies.
Belgian officials made it clear they were in favor of strengthening
government control
over cryptocurrencies.
While there is certainly no shortage of news stories related to
governments and regulators wrestling with the very
cryptocurrency which seeks to undermine their power and control
over society, Bloomberg apparently didn't check it's own archives very thoroughly.
Well, we're only a few days into the new year and
governments and banks the world
over have already begun firing salvos at the
cryptocurrency community.
Earlier this month, almost immediately after unverified reports about
cryptocurrency trading ban in India were released, local
cryptocurrency exchanges Zebpay, Coinsecure, and Unocoin, which have
over a million users on their platforms, reaffirmed that the
government's stance towards the local
cryptocurrency exchange market has not changed, and it remains neutral.
The Beijing
government announced in September that they will prohibit
cryptocurrency trading in the country
over growing concerns that the
The India
government doubled down its skepticism
over cryptocurrencies, calling them like «Ponzi Schemes.»
Cryptocurrencies are largely believed to have been created to bypass the centralized control of banks and
governments over our financial matters.
Surprisingly, no Indian
cryptocurrency business came ahead with an announcement or even expressed regret
over the
government's myopic decision.
Following the recent regulations by the South Korean
government,
cryptocurrency traders were mandated to use their real names in trading, the country is already seeing some crypto traders adhere to this new trading law with
over 8 % of S.Korean crypto accounts already converted to real name bank deposit accounts.
Bitcoin acceptance in political rallies and election campaigns show that the politicians are increasingly becoming open to the use of Bitcoin and other
cryptocurrencies, which could bear a positive effect
over the
government policies and regulations once they get into power.
While the skepticism voiced by Venezuelan opposition lawmakers could be seen through the lens of the ongoing political crisis in the country, the critiques put forward by members of the local bitcoin and
cryptocurrency community are more nuanced and focused on the fact that the Maduro
government will likely wield significant control
over the
cryptocurrency it's creating.