Tag: Regulations

Bitcoin Will Not Become Legal Tender In Uzbekistan, Central Bank Official Insists

Cryptocurrency cannot be adopted as a means of payment in Uzbekistan, a high-ranking official from the country’s central bank has recently stated. Speaking to local media, the regulator’s representative also…

Mining Is Not Banned In Ukraine And Does Not Require Licensing, Key Crypto Advisor Says

The regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, even after the recent adoption of the law “On Virtual Assets.” However, albeit unregulated, the minting of digital coins…

Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks

Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow…

Ukraine Adopts Law ‘On Virtual Assets’ To Regulate Crypto Market

The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status…

Bithumb To Ban Foreign Traders Failing Mobile Phone Identification

South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply…

Poll: 3 Out Of 4 Russian Investors Would Rather Buy Cryptocurrency Than Gold Or Fiat

An overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established. Even among those who have…

Binance Discontinues Support For Norwegian Krone Pairs, Payments And Language

Cryptocurrency exchange Binance is discontinuing certain offerings in Norway. The news comes amid regulatory pressure around the world which the global trading platform is working to address. The company is…

Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency As Financial Asset

A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom…

Crypto Exchange Bitfront Said To End Korean Services Ahead Of Tough New Regulations

U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary…