Tag: regulation

Thailand Introduces Cryptocurrency Regulation and 15% Capital Gains Tax

Thailand is looking to enforce its own version of regulation regarding cryptocurrencies. That is much easier said than done, as this new form of money doesn’t adhere to existing guidelines. As was to be expected, the new regulations on cryptocurrencies and ICOs are rather strong. In fact, anyone violating these laws faces major fines and even jail sentences. Thailand Means Business Although the cryptocurrency regulation in Thailand may sound severe, it is not …
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Bitcoin Price Watch: Currency Spikes to $9,300

Bitcoin has jumped back to the $9,300 mark. The currency had recently been tested at $9,800, and was unable to surpass $10,000 mark over the weekend as so many analysts and users were hoping. It fell to $9,500 the following day, $9,300 after that, and ultimately settled at $9,100 during yesterday’s early morning hours. Overall, the total drop amounted to $700 over the course of three days. Now that the …
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World Governments Target Summer 2018 To Regulate Cryptocurrencies

A G-20 meeting attended by the world’s economic leaders last month concluded that government regulations on cryptocurrencies were overdue. It was proposed that specific recommendations should be finalised by the summer of 2018. Disclosure: This is a Sponsored Article The mere mention of government regulations strikes fear into the hearts of cryptocurrency firms. Rumblings emerging from the financial sector typically call for a ban on digital currencies. Fortunately, some of …
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South Korea May Weaken Its Cryptocurrency Regulation Soon

South Korea is a very important country when it comes to cryptocurrency. With local trading platforms generating a lot of volume for most top currencies, the regulatory aspect is taking center stage. Although the initial guidelines were a bit harsh, it seems a more lenient approach will be embraced soon. Easing Crypto Regulation in South Korea According to local news sources, South Korea’s Financial Supervisory Service Governor Yoon Suk-heun is looking to ease cryptocurrency …
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