Materials by tag Regulation

Jun 13, 2018 at 11:22
Georgia Sees Blockchain as a Solution for Reducing Administrative Costs
Blockchain technology has become very popular not only among a wide variety of companies but also governments of large countries. The Finance Minister of Georgia Mamuka Bakhtadze assures that blockchain can make administrative costs smaller and increase citizens access to the public service.
Jun 11, 2018 at 14:13
More than Half of Cryptocurrency Exchanges Have no Full KYC Compliance
Recent research examining 25 of the world’s crypto exchanges has shown that 68% of crypto exchanges are failing to comply with “Know Your Customer” (KYC) policies. Non-compliant companies have a lot of work to do as new anti-money laundering regulations will come into force next year.
Jun 05, 2018 at 14:06
Indonesian Regulator: Cryptocurrencies to be Traded on Futures Exchange
The Futures Exchange Supervisory Board (Bappebti), a commodities market regulator that falls under Indonesia's Ministry of Trade has disclosed that cryptocurrencies are viable commodities that are fit to be traded on the futures exchanges of their country.
May 30, 2018 at 17:15
South Korea Is Reportedly Going to Remove the Ban on Initial Coin Offerings
According to Business Korea, the National Assembly has made a move to legalize the local use of initial coin offerings (ICOs). The official recommendation comes after a total ban on the financial technology in September last year. The country’s financial market’s lack of proper regulations has seen domestic businesses moving abroad.
May 29, 2018 at 15:30
Shenzhen Tax Regulator Fights Against Fake Tax Claims Using Blockchain Tech
According to a statement published by the Office of the State Administration of Taxation, the Shenzhen Municipal decided to partner with Tencent Holdings, a Chinese technological company, in order to prevent tax forgeries and scams with the help of the latest fintech trend called blockchain technology.
May 26, 2018 at 10:21
Eight of Singapore’s Crypto Exchanges Were Asked to Avoid Unlicensed Assets
Eight digital currency exchanges, operating on the Singaporean crypto market, were warned not to deal with the trading of securities or futures contracts that have not obtained authorisation from the Monetary Authority of Singapore (MAS), according to a statement published by the financial market regulator on May 24.
May 25, 2018 at 08:38
India may Change Its Decision to Ban Digital Currencies and Tax them Instead
The Indian government is expected to impose a tax on cryptocurrency trading, Bloomberg reported on May 23. An 18-percent Goods and Services Tax (GST) is being investigated by the Central Board of Indirect Taxes and Customs. Then the final decision has to be made by the GST Council.
May 24, 2018 at 17:23
How to Safeguard the Taxation of Crypto Trading and Comply with AML Policy
Nowadays, it is very important for traders to play according to the rules imposed by crypto market regulators. Given the taxation of digital currency revenue and strict anti-money laundering (AML) policy, one needs to do everything possible in order to safeguard their funds.
May 15, 2018 at 12:51
Thailand Enforces Cryptocurrency Legal Framework
The law to manage and regulate digital asset transactions came into force in Thailand, Bangkok Post reported on May 13 after being published in the Royal Gazette.
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