Philippines SEC Plans to Regulate Cryptocurrencies, ICOs

Philippines SEC Plans to Regulate Cryptocurrencies, ICOs

The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud. The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalized this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection, […]

‘We Are Disturbed’: SEC and CFTC Chairmen Issue Stark Warning to Cryptocurrency Industry

‘We Are Disturbed’: SEC and CFTC Chairmen Issue Stark Warning to Cryptocurrency Industry

The chairmen of two US regulatory agencies have written a joint statement expressing their concerns over the present state of the cryptocurrency markets. Writing in an op-ed published in The Wall Street Journal, Securities and Exchange Commission (SEC) chief Jay Clayton and Commodity Futures Trading Commission (CFTC) head J. Christopher Giancarlo expressed their disapproval over […]

CoinCheck Announces Compensation to 260,000 NEM Holders Following Major Hack

CoinCheck Announces Compensation to 260,000 NEM Holders Following Major Hack

Tokyo-based cryptocurrency exchange Coincheck has today announced a plan to compensate approximately 260,000 NEM holders for $523 million XEM that was illegally removed from Coincheck. The cause of the hack is currently under investigation, according to a notice on the company’s website. Similar events in other currencies including JPY have not been confirmed. On Jan. […]

‘Regulate It Out of Existence’: Stiglitz And Swiss Bank Bash Bitcoin At Davos

‘Regulate It Out of Existence’: Stiglitz And Swiss Bank Bash Bitcoin At Davos

The currently ongoing 2018 World Economic Forum (WEF) is so far producing negative feedback on Bitcoin as economists including Joseph Stiglitz line up to proclaim the superiority of fiat currency. Addressing Bloomberg TV audiences during the annual event in Davos, Switzerland, the professor and Nobel Prize winner said that cracking down on “secret” Bitcoin use […]

US Senators Blast Venezuela’s Oil-Backed Cryptocurrency Plan

US Senators Blast Venezuela’s Oil-Backed Cryptocurrency Plan

U.S. Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) have denounced Venezuela’s planned cryptocurrency in a new letter. In an open letter addressed to U.S. Treasury Secretary Steven Mnuchin, Rubio and Menendez asked how the Treasury Department was monitoring Venezuela’s plan to create its own oil-backed cryptocurrency, which the country’s president, Nicolas Maduro, has said will help the […]

South Korean Exchange Korbit Stops Serving International Citizens

South Korean Exchange Korbit Stops Serving International Citizens

Just recently news.Bitcoin.com reported on South Korean cryptocurrency exchanges implementing new infrastructure systems that comply with the country’s financial regulations. The enforced verification mechanisms will not allow anonymous users to sign up for a Korean-based digital asset exchange and trading platforms must report customer data. Now this week the Korean crypto-exchange, Korbit, has announced it […]