Tag: digital currency regulation

Chinese Exchanges Move Abroad in Search of Friendlier Regulation

Not long ago, China decided to crack down on digital currencies by banning both initial coin offerings and exchanges within the mainland. While there has been speculation that the country will soon reintroduce trading, no concrete evidence is available at this time. Big exchanges moving abroad Despite the recent exchange ban, some of the country’s largest digital currency exchange operators are not willing to step down. With this in mind, companies like …
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Japanese Lawmakers Approve New Digital Currency Regulations

Japanese lawmakers in the House of Councilors of The Diet, Japan’s legislature, have voted to approve a bill that requires all virtual currency exchanges in the country to register with the Financial Services Agency (FSA). In April, the bill passed a vote in The Diet’s House of Representatives. According to a report by JapanTimes, the bill also has provisions that give the FSA authority to carry out inspections on the …
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