Ultimately the goal of any regulatory regime should be to increase efficiency using technology, and this is what innovators are hoping regulators keep in mind when
addressing virtual currency regulation.
Earlier this month, Joachim Wuermeling, a board member of Deutsche Bundesbank (the German central bank), spoke of the difficulty
of virtual currency regulation.
Crowdfunding Reports have alleged that many Chinese cryptocurrency investors are seeking middle - men agencies on Wechat to facilitate their transactions in order to bypass the nation's
prohibitive virtual currency regulations and access exposure to initial...
Retailers in Japan Quickly Embrace Bitcoin Thanks To
New Virtual Currency Regulation Posted on11: 00 am April 5, 2017AuthorJP BuntinxCategoriesBitcoin, Bitcoin News It is good to see Japanese retailers embrace bitcoin payments all of a sudden Bitcoin is starting to gain mainstream traction in Japan.
A public petition that requested the South Korean government refrain from
hardline virtual currency regulation has drawn a response from Hong Nam - ki, minister of the office for government policy coordination.
In fact, he has advised consumers to invest their money in Bitcoin - based retirement investments, and told legislators to refrain from introducing heavy -
handed virtual currency regulations.
Reports have alleged that many Chinese cryptocurrency investors are seeking middle - men agencies on Wechat to facilitate their transactions in order to bypass the nation's
prohibitive virtual currency regulations and access exposure to initial coin offerings (ICOs).
Systems engineer Theo Chino is continuing his fight against
a virtual currency regulation that was implemented by the New York Department of Financial Services (DFS), which requires a virtual currency business to obtain a «BitLicense» in order to operate within the state.
While California has been taking a «wait - and - see» approach to
virtual currency regulation, the Act provides compelling reasons for California to adopt it.
This update arrives just two weeks after the FSA began organizing a team of officials dedicated to
virtual currency regulation.
Click here for an overview on how the United States compares to other countries in
virtual currency regulation.
The Philippine securities regulator stressed the country's
virtual currency regulations are in the works even after it shut down its first coin offering last week.
«Between Danny's deep expertise in financial services and
virtual currency regulation and Kim's demonstrated track record as a successful CFO of global financial organizations, I'm confident that itBit will continue to grow and develop innovative blockchain - based solutions to address the financial industry's greatest pain points,» said itBit co-founder and CEO Chad Cascarilla.
Starting April 1, 2017, «
Virtual Currency Regulation» was enforced.
Speculators believe domestic exchanges in China will be back after the nation's
virtual currency regulations are enforced, or after the 19th Communist Congress elections end.
Pierre Ciric, an expert in Article 78, explained why the department of financial services acted arbitrarily and inappropriately by using Bitcoin companies as «Guinea Pigs» when it promulgated
its virtual currency regulation.
Specifically, he suggested, «we must support virtual currency countermeasures by integrating and sharing relevant information such as the contents and effects of
the virtual currency regulation of each country.»
The Chinese government's decision to cease the operations of all cryptocurrency exchanges except for Okcoin and Huobi right before the nation's
virtual currency regulations are set to come into effect, has led to speculation that the surviving exchanges may be the only cryptocurrency exchanges permitted to operate in China moving forward.