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Recovering Trust in Digital Currency

*Introducing efficient worldwide regulation for cryptocurrencies will definitely take time and effort but is well worth it.* A currency increasing in value in 200% in about four months and becoming more and more attractive to investors worldwide – regardless of the size and structure of the country’s economy, for any government in the world this scenario could be hardly achievable. Howeve...

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Bitcoin Mining Faces Rumors in China

... around the Internet by mistake. In spite of that, Sichuan still remains the province where are the most reasonable electricity prices. The Chinese government in the last couple of years supports a very negative attitude towards Bitcoin and other cryptocurrencies. However, mining is still not banned and, any unofficial statements that might claim it is an outlaw, do not have any legal power. At...

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Is Accepting Bitcoin a Reasonable Choice for Banks?

The buzz around the **cryptocurrencies** remains and we understand the mixed feeling about it. Many people still think it is just a bubble, whereas others believe that **Bitcoin** is the new fiat. Unfortunately, nobody can predict all perspectives for sure and all we have is a forecast and assumptions. The rapid growth of the Bitcoin rate and dozens of successful ICOs made many entrepreneurs...

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Bermuda Warns: Virtual Currency Shall Not Pass

...**. We have already informed you about the countries whose reception of blockchain is mostly positive and the new legal initiatives are giving business space to work. However, it is not about **Bermuda**. Currently, this territory is not against cryptocurrencies, but the Bermuda Monetary Authority has already expressed its position about crypto-investments. According to the authority’s opini...

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Switzerland Puts a Hand Over Supervising ICOs

...han attracting investors as it was 5 - 10 years ago. From now on, FINMA will analyze every case and apply appropriate and corresponding financial legislation for each case. A very important part of this announcement is that Europe began embracing cryptocurrencies and other new technologies. In the nearest future, we hope these regulations will become more detailed and profound, but for now, eve...

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Investments in cryptocurrency – is one of the main topics in the UK Financial Ombudsman Service’s Annual Review

...raised by UK investors, in its Annual Review 2017/18. In the above-mentioned Review, the **Ombudsman classify cryptocurrency as other risky investments category** and noted the excessive volatility of cryptocurrency. Many activities relating to cryptocurrencies are not regulated. Investors in “Initial coin offerings” run the risk of losing all their financial assets without any recourse t...

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Spanish internal collaboration on blockchain project

...d to continue exploring the possible applications of blockchain in its processes and to proceed further with the project. Given the above, in order to be informed of the latest technology trends it is worth to analyze all the main topics such as cryptocurrencies, blockchain or legal tech. Read **Offshorelicense** blog to keep up-to-date on the latest technological and legal news.

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A raising trend of investment scams in Australia

...overall losses of Australians, that are related to investment scams, added-up to more than $21.8 million. Previously the highest loses were recorded in 2017. The governmental authorities stated that current level of fraud schemes, associated with cryptocurrencies, is alarming. Early this year, Consumer Affairs Victoria, a business unit of the Department of Justice & Regulation, within the Victo...

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Estonia ICO Company Formation

Recently, a lot of project developers and businesses have drawn their attention to cryptocurrencies and initial coin offerings (ICO) in order to raise capital for various types of projects. Starting your ICO company in Estonia is a great choice due to the local remote maintenance administrative tools, which mean minimal bureaucracy level, and due to the absence of any specific regulation on ICOs ...

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UK Crypto Exchange Company Formation

...r FCA. However, it is highly recommended that Crypto Exchange Companies completed an analysis of their planned activity in order to clarify whether the particular project complies with the local legislation, mainly because the legal framework to the cryptocurrencies remains unclear for most potential investors. Although, there is no specific regulation, the FCA is of opinion that some Crypto Excha...

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Japan Virtual Currency Exchange Provider’s License

...thin 8 weeks License application - within 6 months Minimum capital requirement: 10 000 000 JPY (approx. EUR 75 000) + Registration tax minimum of 150 000 JPY (0.7% of capital) It is important to note, that not all, currently available cryptocurrencies, fall under the definition of Virtual Currency of the Payment Services Act. There are two types of Virtual Currency that are describe...

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