Bitcoin and many other cryptocurrencies have elements of all asset classes. This makes it very complicated for regulators to come up with a comprehensive regulatory framework for this industry. That’s according to the US Commodity Futures Trading Commission (CFTC) chairman, Chris Giancarlo, in an interview with CNBC. He added that as a regulator, he doubts there will be a solution in the near future, as most of the statutes that are being applied today by …
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Residents and citizens of South Korea have formally requested the country’s government and the executive office of President Moon Jae-in, better known as the Blue House, to provide a cryptocurrency and blockchain regulation-free city within the country. For many years, the South Korean government has utilized a petition system to communicate with its citizens and potentially impose new regulations or make changes to existing policies based on their requests. Last year, …
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Bitcoin has always been associated with various types of illegal activity. One of the claims which is repeated quite often is that the world’s leading cryptocurrency is regularly used to launder money. So far, there has been very little evidence to back up such allegations. Regardless, the UK Treasury is growing increasingly concerned over this possibility, and it aims to regulate Bitcoin in the near future. UK Treasury Worries About Bitcoin In a …
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