Category: N-Economy
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Two Mining Companies Among Georgia’s Major Electricity Consumers
Two companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation, however, that’s not necessarily a sin or a disadvantage. Energy-intensive enterprises in the Caucasian country purchase the power they need at wholesale prices. Also read: Huobi and Major Russian Bank to Provide Legal Help to…
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South Korea Ends Year With 6 Bills to Regulate Cryptocurrency Industry
South Korea’s top financial regulator has exclusively shared with news.Bitcoin.com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for…
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Indian Exchanges End Year With Improved Services, Optimism About Regulation
As the Indian government deliberates over cryptocurrency regulation, positive sentiment grows among local crypto exchanges regarding their government’s eventual decision. A number of them have also added new features and improved services such as offering interest on crypto deposits, increased liquidity, and better security. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive…
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Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry
The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank, Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice. The newly created “legal lab” will also represent blockchain businesses in court. Also read: German Startup Devises Eco-Friendly Energy-Efficient Miners Legal Lab to Assist Crypto Companies in Russian…
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Italian Government Selects 30 Representatives to Develop DLT and Crypto Policy
Italy’s Ministry of Economic Development recently published a list of the 30 individuals that the Italian government has tasked with developing the country’s regulatory strategy with regards to distributed ledger technology (DLT) and cryptocurrencies. Among the individuals are alumni of the United Nations, the European Parliament, the European Commission, and the Italian Chamber of Commerce.…
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Japanese Regulator Publishes Proposed Rules for Crypto Service Providers
Japan’s top financial regulator has published the final report outlining proposed rules for cryptocurrency service providers to follow. The rules address areas such as hacking incidents, coin listings, financial and price disclosures, margin trading, and crypto custodial services. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Final Report of Proposed Rules…
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190 Companies Seek to Enter Japanese Cryptocurrency Market
In an exclusive interview with news.Bitcoin.com, Japan’s top financial regulator has confirmed the number of companies currently wanting to enter the Japanese cryptocurrency market. Meanwhile, several existing crypto exchanges in the country are undergoing changes. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Over 190 Companies Want In Japan’s Financial Services…
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Japan Reveals Expectations for Cryptocurrency Industry Self-Regulation
In an exclusive interview with news.Bitcoin.com, Japan’s top financial regulator revealed its expectations for the self-regulation of cryptocurrency exchanges in Japan. The agency has approved a self-regulatory organization, which it is working closely with to ensure compliance. All 16 regulated crypto exchanges in Japan are members of this self-regulatory organization. Also read: Indian Supreme Court Moves…
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Report: India Evaluating Cryptocurrency Legalization Under Strong Regulation
The committee charged with providing recommendations for the regulatory framework surrounding cryptocurrencies in India is reportedly evaluating the legalization of the asset class under strong regulation. According to a recent report, “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal.” Also read: Report: Indian Government Panel Submits Crypto Recommendations Legalizing With Strong…
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Crypto Bear Market Triggers Rise in M&A Activity
In 2018 there was a rapid decline in initial coin offerings, a slowdown in blockchain business launches, and a bearish crypto market. During this period, companies with good liquidity have been scaling up and strengthening by acquiring startups. Also Read: Global Cryptocurrency M&As Rise M&A Deal Frenzy in 2018 In 2017 the number of cryptocurrency and…