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California legislature passes bill to set up blockchain working group

California state legislature has passed a bill that calls for the establishment of a working group focused on blockchain technology. The bill, AB 2658, has passed both houses of the legislature and will now be sent to...

Thu, 30 Aug 2018, 10:27 am UTC

China’s NIFA allows public to report illegal token sales

The National Internet Finance Association of China (NIFA), a self-regulatory organization in the field of internet finance, has implemented a feature on its platform to help governmental authorities in their clampdown of...

Tue, 28 Aug 2018, 11:06 am UTC

Chinese regulators issue joint statement against crypto-related fundraising activities

In a joint statement, Chinese regulatory authorities have issued a warning against illegal fundraising and trading activities in the name of blockchain. The warning has been issued by the Banking Regulatory Commission,...

Mon, 27 Aug 2018, 04:19 am UTC

Chinese regulators look to block 124 foreign crypto exchanges amid wider crackdown

Chinese financial regulators are continuing with their crackdown on crypto businesses in the country and are now targeting foreign cryptocurrency exchanges offering trading services in China. Referring to a report from...

Thu, 23 Aug 2018, 09:21 am UTC

Blockchain Law Society set to debut in South Korea

South Korean blockchain experts have announced plans to launch the Blockchain Law Society to study the legal issues surrounding this emerging technology, Yonhap News reported. The study group will invite experts from...

Tue, 21 Aug 2018, 07:17 am UTC

South Korea's National Assembly to discuss blockchain, cryptocurrencies and ICOs during extraordinary session

Amid recent governmental efforts to foster blockchain ecosystem in South Korea, an extraordinary session of the countrys National Assembly has commenced which will focus on the emerging blockchain and cryptocurrency...

Tue, 21 Aug 2018, 03:27 am UTC

Bitstamp, Bittrex, bitFlyer USA and Gemini join Virtual Commodity Association Working Group

Leading cryptocurrency exchange platforms have joined the Virtual Commodity Association (VCA) working group. In March, Gemini proposed setting up an industry-sponsored self-regulatory organization (SRO) for the U.S....

Mon, 20 Aug 2018, 13:58 pm UTC

Cambodia establishes fintech association

The Cambodia Fintech Association (CFA) was officially launched last week with the mission of positioning Cambodia as the leading country for fintech innovation and investment in the Indochina region. The launch event...

Mon, 20 Aug 2018, 09:59 am UTC

FINRA’s ICO warning: Investing in SAFT contract does not ensure the offering’s regulatory compliance

The Financial Industry Regulatory Authority (FINRA) has issued a warning against investments in digital assets, such as initial coin offering (ICO) tokens and cryptocurrencies. In an online post dated August 16, the...

Mon, 20 Aug 2018, 09:06 am UTC

Saudi Arabia declares bitcoin trading illegal

Saudi Arabia has officially declared that trading in digital currencies such as bitcoin is illegal in the country. A standing committee comprising of Saudi Arabian regulators this stated that the unauthorized virtual...

Tue, 14 Aug 2018, 11:53 am UTC