Regulation

Rules and directives made and maintained by an authority.

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Chile’s Finance Minister Comments on How Cryptocurrency Regulation is Progressing

Filipe Larrain, Chile’s Minister of Finance, recently stated that several governmental entities are “making progress” on creating crypto regulation. He added that the finance ministry is collaborating with the country’s central bank and Financial Stability Board to develop a balanced framework in the industry. The establishment of a regulatory framework is part of a governmental project to ensure that there are legal definitions so that the regulations mean something. He also stated, “We are aware that it is important to move in this direction. But all countries in the world are facing similar problems, and there is no magic want to solve them. We are exploring the best solutions to see how regulate this brand new phenomenon.” A few months ago, after the closure of crypto-business accounts in several banks, Larraine mentioned that the legal framework would be beneficial to normalize the situation. However, since his statements, no legislation has been proposed or passed. As for any judicial movement, the country’s supreme court issued a decision annulling a lower court’s decision that protected crypto exchange Orionx and to ensure that a bank reopened the exchange’s accounts. The court stated that cryptocurrencies do not have “physical manifestation and no intrinsic value.”
Bitcoin Exchange Guide

South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban

South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban A South Korean blockchain startup, Presto, will reportedly file a constitutional appeal over the county’s ban on Initial Coin Offerings (ICOs), South Korean economic media outlet Sedaily reports Dec. 6. Presto claims on its website that it provides a “total solution to development […] Cet article South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban est apparu en premier sur Bitcoin Central.
Bitcoin Central

Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional

Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional A constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for… The post Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional appeared first on Altcoin Today.
Altcoin Today

Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional

A constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for them, causing problems for startups. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Constitutional Complaint Filed South Korean blockchain startup Presto announced on Friday that it has filed a constitutional complaint alleging that the government’s ban on all forms of initial coin offerings (ICOs) in September last year is unconstitutional, local media reported. The company has requested an appeal of the ban, according to Sedaily. Constitutional Court of Korea. Presto CEO Kang Kyung-won explained that although his company had considered alternative means such as setting up an overseas corporation to issue tokens, the Korea Economic Daily quoted him as saying, “We trusted that the government will foster [this] new industry through follow-up measures.” However, it has been more than a year since the ban and the government has yet to introduce any forms of ICO guidelines or regulations. Kang was further quoted by Sedaily as saying: As a blockchain startup company, we face a great deal of difficulties due to the ICO ban and the lack of legislation from the government and the parliament for more than a year. I am requesting confirmation of the unconstitutionality of the lack of legislation. Lawyer Explains Why the Ban Is Unconstitutional Lawyer Park Ju-hyun, who is in charge of filing this case, explained last week why the government’s ICO measures are unconstitutional, Zdnet Korea reported. He noted that the measures can be subject to a constitutional appeal if a request is filed with the constitutional court. Park said the ban is unconstitutional on two grounds. The first is that it infringes on “the basic rights of the Constitution,” such as “freedom of occupation, right to property, [and] right to equality,” Sedaily wrote. His “second point is that the basic restrictions were imposed without legal basis,” which he cited Article 37 (2) of the Korean Constitution, the news outlet added. The lawyer also referenced a recent court case where the court ruled that one of the country’s largest banks, Nonghyup Bank, illegally blocked transactions of cryptocurrency exchange Coinis. He reiterated the importance of “whether there is a legal basis,” noting that the bank’s action was illegal because it was done without a legal basis. Presto emphasized that the ban infringes on “the right to equality because it arbitrarily discriminates against ICO companies without reason,” compared to initial public offerings or other types of crowdfunding methods, Sedaily conveyed. Do you think the Korean government’s ICO ban is unconstitutional? What do you think the court will do? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional appeared first on Bitcoin News.
Bitcoin News

Chile Court Says Banks Can Ban Crypto Exchanges: Will Market Survive?

On December 6, the Third Chamber of the Chilean Supreme Court officially sided with the state-owned BancoEstado after it banned a local crypto exchange by shutting down its bank account. Orionx, a digital asset trading platform based in Chile, filed an appeal with the supreme court following an abrupt termination of its account by BancoEstado. The post Chile Court Says Banks Can Ban Crypto Exchanges: Will Market Survive? appeared first on CCN
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Regulation news by Finrazor

ESSENTIAL

A Security Token Offering (STO) is a form of raising capital for a startup by distributing tokens to investors. While ICOs mainly deal in utility tokens that grant their holders access to services and products associated with respective blockchains and dapps, security tokens can be thought of as digital documents representing the investor’s rights to equity, a revenue share, debt, etc. STOs provide a better investor protection as they need to be compliant with appropriate regulations

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DIGEST

Lithuania seeks becoming hub for security tokens, Thailand needs more crypto regulation, 'buy Petro before 2019' incentive, cease and desist order against 4 more ICOs, Bahama released discussion paper, British FCS warns against AsicTrader, VersaBank completes VersaVault, BBVA settles $170M loan over blockchain, fake news of ban upliftment in China, Thailand SEC to authorize the first ICO portal, Malaysia to use e-Scroll for degree certification, France considers lowering taxes on bitcoin gains

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DIGEST

HKEX plans to create a blockchain platform, Taiwan implements new amendments to AML and CFT laws, SEC ceased over dozen illegal ICOs, RFB demands monthly reports from crypto exchanges, Petro recognized as a legal tender, crypto industry to regulate itself in Japan, HSBC and RIL settle India’s first LoC transaction on blockchain, ASB settles New Zealand’s first export deal using blockchain

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DIGEST

Russia edits its draft law on cryptos, Japanese crypto exchanges gain power to self-regulate, Albania plans for regulatory framework, FATF to come up with its first set of crypto rules, CGL partners with National Bank of Canada and Skuchain, China plans implementation of new rules, SEC confirms the launch of FinHub, owner of Unocoin arrested for operating BTC ATM

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Ethereum HARD FORK 2019? Biggest Challenge in Crypto...

Let's discuss the Constantinople hard fork that is now scheduled for January. Also, I want to discuss the biggest issue the crypto ecosystem faces in the coming years. https://toshitimes.com/trons-ceo-to-rescue-eth-and-eos-developers-as-their-platforms-collapse/ https://news.bitcoin.com/text-enabled-bch-payments-now-available-in-35-countries-with-cointext/ https://toshitimes.com/ethereum-developers-reach-new-agreement-to-launch-constantinople-hard-fork-in-mid-january/ https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-92ba4ab7f4653 GET FULL ACCESS TO THE ACADEMY: https://christmas.ivanontech.com LET’S MEET IN NEW YORK: https://www.facebook.com/events/452734075131412/ 💰 GET $10 TO BUY YOUR FIRST CRYPTO: https://www.coinbase.com/join/59d1738ff36136022bd9ee10 🏆 BUY PHYSICAL BULLION GOLD: http://www.bullionvaultaffiliate.com/ivanli/en 📈 BEST ALTCOIN EXCHANGE: https://www.binance.com/en?ref=35933746 🔐 BEST WALLET: https://www.ledger.com?r=5a56aa023b40&tracker=IOT Good Morning Crypto 🎓 LEARN SMART CONTRACT PROGRAMMING http://coding.ivanontech.com 🎓 Join my online academy https://academy.ivanontech.com 👬 Join the crypto discussion forum - https://forum.toshitimes.com 📣 Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com #bitcoin #blockchain #ivanontech 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make. Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins. Ivan on Tech by Ivan Liljeqvist
Ivan on Tech

Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App

HTC is resolved to win the race for the best blockchain phone on the market. Its commitment to the community seems to be genuine and not only have they bet on accepting payment exclusively in cryptocurrencies to promote their use but also decided to include third-party software that makes use of these technologies. In a tweet published a few hours ago by Mr. Brendan Eich, CEO of Brave Software, he expressed his satisfaction after confirming HTC’s decision to include Brave as the Exodus’ default web browser. We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone: https://t.co/J5WQrqODKa — BrendanEich (@BrendanEich) December 8, 2018 Brave Browser: Using Basic Attention Token (BAT) To Create a Better Internet Brave Browser uses blockchain technologies to improve the user experience and change the way content providers relate to consumers. The idea is to make browsing faster and more convenient by rewarding not only users for consuming content but also giving them the ability to benefit content creators. “Once you enable Brave Rewards, the Brave browser automatically and anonymously keeps track of sites each user visits. The more times that a user visits a site, the larger the proportion of the user’s monthly contribution is “ear-marked” for that content creator. When contributions for a content creator exceed $100.00 USD, an email is sent to both the webmaster of the site and the registered domain owner from your WHOIS information. The email explains how to verify the ownership of your website with Brave Software.” The token used by Brave Browser is the Basic Attention Token (BAT), a cryptocurrency that has recently gained considerable popularity, especially after the announcement that it has been supported by Coinbase to be traded on its platform. #brave the new browser from @BrendanEich @brave wants to reward users with #cryptocurrencies to see ads and make browsing cleaner and safer #DMT18 pic.twitter.com/eUnPFBjW6W — ralfscharnhorst (@RalfScharnhorst) December 6, 2018 Blockchain-Phones: The New Trend For its part, the HTC Exodus 1 Phone is a phone created by HTC with blockchain technology focused on those users who want to manage their crypto coins from their mobile phone without additional hardware. To do this, HTC developed its own hardware wallet with multi-asset support. The wallet is named Zion and runs on independent hardware embedded into the phone. The main competition of the HTC Exodus, is the Sirin Labs’ Finney Phone, a device that has similar features but runs under a proprietary Operating System developed as an Android fork. The post Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App appeared first on Ethereum World News.
Ethereum World News

Bitcoin Cash on Gemini, Robinhood Hints at TRON - Today's Crypto News

Visit our website: https://altcoinbuzz.io In this video, Mattie talks about Bitcoin Cash being listed on the Gemini exchange and rumours about Robinhood listing Tron. He also gives you the latest from our Community Speaks segment and the eos hackathon winner. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Crypto Exchange Gemini Adds Support for Bitcoin Cash (BCH) Trading and Custody https://altcoinbuzz.io/crypto-exchange-gemini-adds-support-for-bitcoin-cash-bch-trading-and-custody/ Bitcoin Cash Is Now Available on Gemini! https://medium.com/gemini/bitcoin-cash-is-now-available-on-gemini-cc75299d892f Robinhood Hints That It might List TRON https://altcoinbuzz.io/robinhood-hints-that-it-might-list-tron/ Robinhood Tweet https://twitter.com/AskRobinhood/status/1070793190490472448?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1070793190490472448&ref_url=https%3A%2F%2Faltcoinbuzz.io%2Frobinhood-hints-that-it-might-list-tron%2F DERO Introduction – Community Speaks https://altcoinbuzz.io/dero-introduction-community-speaks/ DERO https://dero.io/ EOS Global Hackathon Winner Announced https://altcoinbuzz.io/eos-global-hackathon-winner-announced/ EOS VC Rewards GeneOS with 500,000$ https://coinhooked.com/eos-vc-rewards-geneos-with-500000/ Genomic Project GeneOS Wins Grand Prize of US$500,000 at Block.one EOS Global Hackathon Grand Finale in Cape Town https://block.one/news/geneos-wins-grand-prize-at-eos-global-hackathon-grand-finale/ -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Mining Company Sues Roger Ver & Group for BCH Hard Fork Price Manipulation

The American company Unitedcorp has filed a lawsuit against "bitcoin cash ABC" supporters. The company accuses the supporters of hiring mining power in order to control the bitcoin cash network. The Bitcoin Cash hard fork that took place several weeks ago resulted in two version of Bitcoin Cash, supported by two opposing parties: the Bitcoin ABC version, which uses the ‘BCH’ ticker symbol; and Bitcoin Cash Satoshi’s Version, which uses the ticker symbol ‘BCHSV.’ The lawsuit claimed that Roger Ver, bitcoin.com, Bitmain, and co-founder Jihan Wu, crypto exchange Kraken and founder Jesse Powell, and Bitcoin ABC developers Amaury Sechet, Shammah Chancellor and Jason Cox centralized bitcoin cash and manipulated the price during its contentious hard fork. Especially by dedicating mining power in theory assigned to mining the bitcoin blockchain to mining what was then referred to as the Bitcoin ABC chain.  After the split, supporters of both sides of bitcoin cash have been “fighting” against each other in order to become the biggest “bitcoin cash”.
BitZamp

Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone

In a recent tweet by Brendan Eich, the CEO and Co-Founder of Basic Attention Token [BAT] and Brave, announced that Brave has been made as the default browser on HTC Exodus phones. Tweet by Brendan Eich: “We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone” In October 2018, Brave introduced the newer version of the browser which is compatible with all Chrome extensions. This version was named as Brave 1.0, which is a desktop browser with 22% faster browsing speed compared to older versions of Brave. During this announcement, the team also mentioned that they were working on multi-core capacity on the browser speed, the performance of the browser on mobile devices etc. Recently, HTC announced Exodus 1 as their first cryptocurrency enabled smartphone. The phone provides a storage solution for cryptocurrencies and gives accessibility to blockchain-based applications. An Android application named Zion, which is separated from the operating system of the phone has the ability to store all the private keys of the users. A Redditor named jajarz says: “HTC is a dying company, but they are going all in on hardware the incorporates future developments like VR, and Crypto. If they pull this off theyll be the next Apple.” Another Redditor named Gromerando says: “HTC phones run on Android, having Brave as default browser will only prevent Google from getting ur browsing habits, only if Google is not the default search engine on the browser So don’t really see the excitement as Google will still be able to track your every move” Brendan Eich, who is also the Founder of JavaScript and the Co-Founder of Mozilla project created both the Brave browser and Basic Attention Token [BAT]. The cryptocurrency BAT is an ERC-20 utility token which is used for all the advertising purchases and revenue on the browser. The post Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone appeared first on AMBCrypto.
AMBCrypto
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