None of this means the platforms involved actually broke the law, merely that Korean authorities are getting serious
about regulating bitcoin.
However, some state governments have
begun regulating bitcoin - based companies by either applying existing licensure regulations to them or crafting special rules for the businesses.
It was Mt Gox's collapse, in part, that triggered a broad government initiative that led to the creation of a legal framework for
regulating bitcoin exchanges as well as the recognition of the digital currency as a kind of electronic payment method.
The recent formation of a Korean consortium and the country's promise to
regulate Bitcoin in Q1 of 2017 further strengthens the claim.
It adds that bitcoin isn't recognized as a currency throughout the world, and that financial regulators «naturally do not
regulate bitcoin as much as they do other currencies,» leaving the cryptocurrency in a «special gray area,» and uses bitcoin futures on regulated exchanges as an example of how the cryptocurrency is being protected.
CoinDesk The wait is over
for regulated bitcoin futures contracts in the U.S., and prices are rising strongly on the news.
Whether people like or dislike the idea of
regulating Bitcoin at all, BitLicense is definitely an example of how it should not be done.
According to Wu Xiaolin, the PBOC should be in charge
of regulating bitcoin exchanges because the businesses involve certain aspects of anti-money laundering (AML), foreign currency management, and payment settlement.
Earlier this year, the U.S. Commodity Futures Trading Commission authorized LedgerX as the first
regulated bitcoin derivatives exchange and clearinghouse.
The bank account of
regulated bitcoin fund manager Global Advisors is being terminated by HSBC due to money - laundering fears.
Second, Caixin also hinted that a
more regulated bitcoin market in China might be possible in its article titled «Will Bitcoin Come Back to China After China Becomes Less Relevant to Bitcoin?»
Genesis Mining, the world's largest Bitcoin cloud mining provider, has announced the launch of the world's first
regulated Bitcoin mining fund.
The Japan government is gearing up to
regulate bitcoin activity more actively in the wake of the collapse of the now - defunct bitcoin exchange Mt Gox.
The price of Bitcoin continued the rally as usual after U.S. exchange CBOE
launched regulated bitcoin futures contracts on Sunday.
There will most likely come a time when the US Federal Government will take larger steps to get involved and
regulate the Bitcoin currency, but the Bitcoin community would not want such involvement to take place prematurely.
Our recommendation is always check if Coinbase is available for your country and buy there — as it is by far the safest and
best regulated bitcoin exchange.
Nevertheless, there are a lot of reasons why Bitcoin will further rise in the future as more and more governments are planning to accept and
properly regulate Bitcoin as a currency and store of value.
In its response, Accenture said the UK government should
regulate bitcoin wallets in the same way it does bank accounts.
The United States, Australia, Canada, and the European Union seem to be taking a more balanced approach
toward regulating Bitcoin and cryptocurrency in general.
However, even if China
heavily regulates Bitcoin exchanges in the country, it will have little to no effect on Bitcoin in the long term as the over-the-counter (OTC) market for the digital currency will continue to post solid performance.
Further, the Commodities Futures Trading Commission has
proposed regulating bitcoin like a commodity, not unlike gold, silver, platinum or oil.
CoinShares Group, the group behind the first bitcoin and ether exchange - traded notes, issued by group company XBT Provider, and the team behind the world's first
regulated bitcoin strategy (GABI), is announcing two new flagship crypto investment funds today.
China Regulates Bitcoin Exchanges Increasing regulation of the Bitcoin market in China by the People's Bank (PBoC) has characterized the first Quarter of 2017.
Most countries that have fully adopted and
regulated Bitcoin such as Japan have eliminated the tax on Bitcoin trading.
Chris Giancarlo, Commodity Futures Trading Commission commissioner,
discusses regulating bitcoin and whether the coin is a security or a currency.
The Philippine central bank is bolstering cyber security surveillance to help boost banks» defenses and is looking at
regulating bitcoin operators to combat money laundering, a senior official said on Saturday.
Prominent investments include Bitstamp, the first
nationally regulated Bitcoin exchange and Chain an enterprise software company that builds blockchain networks for traditional financial institutions.
Before joining Reed Smith, Larsen was General Counsel and Chief Compliance Officer at LedgerX, an institutional trading and clearing platform that is the first
federally regulated Bitcoin options exchange and clearing house.
Taiwan will
formally regulate bitcoin under anti-money laundering rules by the end of the year, says its minister of justice.
Just
when regulated bitcoin futures trading seems to be within a hand's reach, critics have come out in force lambasting...
Bitcoin, the virtual currency, is gearing up to get a big boost thanks to Coinbase Inc., which is set to open the first -
ever regulated Bitcoin Exchange in the U.S.