(June 26th, 2018) - Subhash Chandra Garg, Secretary of India’s Department of Economic Affairs (DEA) at the Ministry of Finance, has told reporters this week that draft regulations have been put together for a framework for the use of digital currencies.
(June 24th, 2018) - The crypto-verse has long suspected that the current market uncertainty has been brought about by the regulatory stalemate that is currently ongoing across the globe. The only two nations that have shown some clear direction as to how they will regulate cryptocurrencies are Thailand and South Korea. The former, through its own SEC, has approved 7 cryptocurrencies for trading in the country as well as give concrete ICO guidelines. With respect to South Korea, the authorities in the country have started the process of regulating cryptocurrency exchanges in a manner similar to how they regulate commercial banks in the country.
(June 22nd, 2018) - The Japanese regulator has issued business improvement orders to six of the country’s 16 fully-licensed crypto exchanges including Bitflyer, Quoine, and Tech Bureau. The agency confirmed to news.Bitcoin.com that at least one of the six exchanges has some form of involvement with the Yakuza. Responding to the improvement order, Bitflyer has halted new account registrations.
(June 22nd, 2018) - While traders and naysayers alike fret over bitcoin price, the market leader quietly achieved a first in its history. On June 21, Bitcoin appeared in a US Supreme Court ruling for the first time.
(June 21st, 2018) - Leading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.
(June 21st, 2018) - South Korea’s largest cryptocurrency exchange, Bithumb, has confirmed that it indeed lost 35 billion won ($31.4 million) in this week’s high-profile hack — which it will repay to users in full.
(June 20th, 2018) - On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb.
(June 19th, 2018) - A poll conducted by Capgemini found that the majority of millionaires are very or somewhat interested in holding cryptocurrencies as an investment and as a store of value. While most wealth management firms have been ambivalent regarding providing virtual currency investment information to clients, over two-thirds of high-net-worth individuals aged 40 and below would find it valuable.
(June 19th, 2018) - Crypto market gains $16 billion today as economic fears over an imminent trade war between global superpowers US and China, drives investors towards decentralized assets.Source: Cryptovest
(June 18th, 2018) - With many billions of dollars of money from institutional investors impatiently waiting on the sidelines, investment banks, crypto exchanges, traditional custody players, and crypto custody solution providers are all working hard to come up with good SEC-approved answers to the crypto custody problem.