Tag: Bitcoin Regulation

Will Russia Push Mining Regulation and Stop Subsidizing Electricity Costs?

The digital currency community in Russia has been facing uncertainty for the last few months due to the government’s passive-aggressive stance toward possible regulation. Now, it seems that despite recent statements condemning cryptocurrencies, bitcoin mining might become a legal endeavor for those who are interested. Bitcoin mining to exit the legal gray area Not long ago, there were numerous reports that Russia was planning to fully legalize and subsidize mining throughout the …
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China’s June Bitcoin Trading Regulation Could Affect Bitcoin Price

Earlier this month, major Chinese finance media company Caixin revealed that the People’s Bank of China’s newly drafted regulations on bitcoin trading and local digital currency exchanges are set to be implemented by June. Until then, on-site inspections on the country’s three largest bitcoin exchanges OKCoin, BTCChina, and Huobi will likely continue. Caixin also reported that the inspections are close to completion and that the three exchanges will have to …
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How Will Regulators React to Bitcoin Privacy Solutions in Future?

China, the US, Japan, the Philippines, Korea and many other countries have begun implementing regulatory frameworks and policies to regulate the global bitcoin exchange market. Bitcoin exchanges are required to comply with industry-wide standards and strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies in order to obtain licenses to operate as financial companies. Some governments such as China and its central bank the People’s Bank of China (PBoC) …
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Bitcoin Legal in Netherlands, Prosecutors Speed Up Laundering Investigations

The legality of Bitcoin is clearly defined by several regulatory frameworks established by the Dutch lawmakers. However, local prosecutors and law enforcement agencies are leading various cases involving money laundering and the usage of bitcoin, to ensure that the digital currency is not utilized in any criminal activities. Similar to other law enforcement agencies including Interpol, the Dutch public prosecution department and police are allocating a significant amount of resources and capital to …
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