Japan's Crypto Traders May Face Closer Scrutiny Over Tax Avoidance

Japanese tax authorities are planning to take action on the under-reporting of cryptocurrency-based profits. According to a report by The Asahi Shimbun on Wednesday, the newspaper’s sources have said that larger cryptocurrency transactions could be tracked in an effort to identify trades that are not being declared for tax purposes. The potential move has been prompted by the finding that […]

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Cryptocurrency Regulation of India has been Officially Confirmed

Finance secretary of India has confirmed that the regulation of Cryptocurrency in the country is now ready, before the G20 summit. This regulation report will be submitted to the finance minister soon for their approval. Since the Finance Minister Arun Jaitley decided to give up his cabinet responsibilities, PM Narendra Modi is now the new active finance minister of India. […]

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Indian Cryptocurrency Regulation Is Ready, Official Confirms

Ahead of the G20 summit, India’s new finance secretary has confirmed that the report detailing the country’s crypto regulation is now ready. It will soon be submitted to the finance minister for approval. Since Arun Jaitley opted out of cabinet responsibilities, Prime Minister Narendra Modi has appointed a new finance minister. India’s Crypto Regulation Is ‘Ready’ After more than one […]

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Cartoon: Driving Sheep

Industry regulators are finally catching up with blockchain companies that have dubiously defined their tokens as "utilities" (therefore avoiding the strict issuing and management requirements of "securities"). The U.S. Securities and Exchange Commission has publicly brought a number of enforcement actions against over 20 such companies and individuals, which is encouraging the rest of the blockchain industry to step back […]

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Korean Government Plans Action Over Risks of Resurgent Crypto Market

With the price of bitcoin surging to a yearly high Monday, the South Korean government has held an emergency meeting over the risk of losses for investors, CoinDesk Korea reports. Noh Hyeong-ouk, minister for the Office for Government Policy Coordination, announced the inter-agency meeting in a government statement earlier on Tuesday, saying participants included Ministry of Economy and Finance, the […]

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Italy to Define Legal Guidelines for Blockchain Innovations

Blockchain technology has been actively developing in Italy, however, it can’t reach its potential power without a proper legal framework. The Ministry of Economic Development is reported to have urged the fintech’s adoption by the Agency for digital technology (Agid). The regulatory environment must be designed for various blockchain innovations including cryptocurrency. Blockchain Adoption    The offices of the Minister […]

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Japan Scrutinizing Crypto Exchanges Ahead of G20 Summit

Japan’s Financial Services Agency (FSA) is said to be scrutinizing cryptocurrency exchanges in the country to ensure anti-money laundering (AML) processes are in place. A report from the Nikkei Asian Review on Wednesday, citing an unnamed FSA official, said that inspections are being carried out ahead of the G20 summit next month. The G20 – the international forum of which Japan […]

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Free Markets and the Future of Blockchain

J. Christopher Giancarlo is Chairman at U.S. Commodity Futures Trading Commission, the agency of the US government that regulates futures and options markets. This will be the last time I speak to you from the CFTC. Nevertheless, before I go, I wanted to share some thoughts, which I have been saving. My five years at the Commission have been an […]

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Italy Wants Cryptocurrency, Blockchain and ICO Regulations

Consob, the government authority responsible for regulating the Italian securities market, has decided to launch a debate on the possible regulation of cryptocurrency, blockchain, initial coin offerings (ICOs). The publication dubbed “Document for Discussion” was presented by Consob with the aim of protecting investors. According to the Consob’s Document, ICOs are also normally compared and regarded as initial public offerings […]

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