Crypto Regulations

In Europe, the focus has turned to cryptocurrency companies due to the discovery of the continent’s biggest-ever dirty-money ($220 billion) scandal in Estonia. Estonia has been clamping down on the companies towards the prevention of financial crime. This is due to allegations that billions of dollars of illegal cash flowed through the local unit of Denmark’s largest lender Danske Bank A/S. One of the steps taken by the government of Estonia is the withdrawal of permits from several cryptocurrency firms. The government focuses on firms that exchange…

According to Japan’s Finance Minister Taro Aso, he is not willing to demand the reduction of tax rate on cryptocurrencies in the country to 20 percent due to the difficulty of numerous households investing in digital assets. On June 2, the minister attended a meeting of the House of Councillors Committee on Financial Affairs, and answered a question by Japan Restoration Association member. According to Aso, about 900 trillion yen (8.4 billion USD) of the 1900 trillion yen (17.6 billion USD) financial…

On May 27, the lower parliament in Antigua and Barbuda passed a cryptocurrency regulation bill to make the country a digital asset-friendly destination in the Caribbean. The cryptocurrency regulation bill is a regulatory framework known as “The Digital Assets Business Bill 2020,” aimed at regulating cryptocurrency firms operating on the island as well as in protecting both exchanges and their customers. One of the key features of the bill is the compulsory license which every business related to digital assets must obtain to…

The current crypto and blockchain funding environment consist of initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), and private funding rounds.  In the last few years, the growing and maturing blockchain/crypto landscape have attracted private equity funds to the market. Numerous benefits provided by the emerging blockchain and crypto tech have incentivized businesses and individuals to explore and invest in it.  2017 was when cryptocurrencies, blockchain, and ICOs really began to take off, with most funding raised by blockchain companies…

Are governments keen to regulate cryptocurrencies to prevent financial fraud and protect citizens, or are they using regulation to Stifle Decentralized Finance? "What Was TON And Why It Is Over" is the title that was given to the parting statement made by Telegram's co-founder after Telegram was recently forced to abandon the TON blockchain project. After a continuous legal battle with the US Securities Exchange Commission (SEC), this ensued, which accused Telegram of conducting an illegal ICO sale and issuing…

A central government or authority does not control cryptocurrencies, and they have a fixed supply, which makes their devaluation via inflation mostly nonexistent. Many people consider cryptocurrencies short-lived and unreliable, mainly as it could be unclear what affects their value. Besides, many enthusiasts don't know if it is possible to predict future crypto prices.   Crypto prices primarily depend on the value consumers place on them. A positive attitude from society is, therefore, vital to the value of crypto assets.  There…