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

Recently the **UK Financial Ombudsman Service (FOS) has expressed its opinion on cryptocurrency**, among the other topics 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 re...

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Estonia cryptocurrency Exchange License

...paid up capital: EUR 2,500.00 Overview In accordance with the Estonian legislation an authorization is required for a company to provide services of the exchange of virtual currency or custodial wallet services. Application for a cryptocurrency exchange license, must be submitted to the Register of Economic Activities. It is important to note that a company must appoint a manag...

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Recovering Trust in Digital Currency

...is still projected to grow. Full anonymity of blockchain operations along with rapid increase in value to fiat currencies can be a powerful economic tool for those national and supra-national authorities, which first learn to efficiently regulate cryptocurrency and offer secure conditions for retail investors. Introducing efficient worldwide regulation for cryptocurrency will definitely take ti...

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Know-hows on Different Legislations and Blockchain Implementation Profitability in Your Business

...work.* At the same time, there are different approaches to regulations of **Blockchain companies** in the world. Some countries accept new ways and some do not. We are not aiming to explain how the **Blockchain** works or why is everyone buying **cryptocurrency** now, we would like to examine different types of regulations. Gibraltar, the British Overseas territory, is one of the subjects ...

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“To trade or not to trade?” or How Chinese Exchanges Overcome the Bitcoin Ban?

...e-known fact that China had banned Bitcoin exchanges. The reason for this ban is the government’s statement that frauds and money laundering took place on the exchanges.* Before these bans, China had a trustworthy role as one of the biggest **cryptocurrency** trading markets. At the same time, this country is ahead with the mining business and became, actually, one of the centers for crypto...

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Bitcoin Mining Faces Rumors in China

...rts 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 the same time, we have to remind that the **cryptocurrency exchanges** and **ICO** are illegal in China. Considering the fact, that the government has already restricted the access of Chinese...

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Is Accepting Bitcoin a Reasonable Choice for Banks?

...t is an economic phenomenon, which can be the biggest miracle and a challenge for all the traditional economy at the same time. Even though many **banking facilities** are suspicious about Bitcoin, the others have a proactive position on adding cryptocurrency services to their scope. Moreover, the CEO of the Citigroup Bank, one of the most respectable businessmen in the world, claims that som...

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How Brokers in China Feel After the Website Blocks

We have already informed you regarding the latest **Chinese website restrictions** that occurred due to lack of information towards the financial regulator. Soon after the government **banned Bitcoin and other cryptocurrency exchanges**, followed by the bans of other trade platforms. It affected all FX and trading platforms without ICP certificates. Trading community stated that the access to...

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Bermuda Warns: Virtual Currency Shall Not Pass

Each jurisdiction makes and individual decisions on the matters of **cryptocurrency business**. 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 ...

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List of ICOs to watch in June

At present, the main concern among cryptocurrency enthusiasts is a sharp drop in the exchange rate. But this does not affect **the popularity of the blockchain technology**. Recently, the **number of new blockchain projects, varying from gaming to artificial intelligence, rapidly increased**. Here are some projects that successfully launched during the previous month and are worth to be revie...

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A raising trend of investment scams in Australia

..., Consumer Affairs Victoria, a business unit of the Department of Justice & Regulation, within the Victorian government, announced its concerns about Bitcoin scams. The above-mentioned regulator received reports of people being deceived through fake cryptocurrency websites. Recently in Australia **new regulatory requirements entered into force** and the Australian authorities proceed to inform...

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Hedge fund billionaire joined crypto market

**Steven Cohen, better known as the “Hedge Fund King”, recently has enter the crypto market.** Cohen through his venture capital firm, Cohen Private Ventures, made a significant investment in cryptocurrency-focused hedge fund Autonomous Partners, as was stated in the Fortune [article](http://fortune.com/2018/07/12/steven-cohens-bitcoin-crypto-autonomous-partners/){._blank} published on the 1...

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Coinbase was approved by SEC to list security tokens

One of the top U.S. cryptocurrency exchange, **Coinbase Inc., has been granted the regulatory’s approval to acquire securities of several firms** – it is a great progress in legitimizing crypto investments and provisions of related services to public in a trustworthy way. Last month, the exchange announced that it intends to purchase three companies: (I) Keystone Capital Corp., (II) Venov...

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Japan Virtual Currency Exchange Provider’s License

...are some examples of businesses that do not fall under the Virtual Currency Exchange Business, as described by the Act: Natural or legal entity that engages in Virtual Currency trade only for its own investment purpose; Companies engaging in cryptocurrency Mining; Software developers; Wallet service providers that do not engage in sale or purchase of Virtual Currency. Benefits of ...

Path: Licensing