Category: Regulation

asic warning
October 16, 2017 BY LeapRate Staff

CySEC adds Investor Warning to leverage and volume limits for trading cryptocurrency CFDs and ICOs

After introducing leverage and volume limits for FX brokers that offer trading in CFDs for Bitcoin, Ethereum and other cryptocurrencies, Cyprus financial regulator CySEC has now added a general warning for retail traders on the risks of trading digital / virtual currencies. CySEC called these instruments "highly complex", noting that trading prices of virtual currencies and CFDs…

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October 12, 2017 BY Valentina Kirilova

Cryptocurrency FinTech firm QUOINE receives JFSA license

QUOINE Corporation has announced that it is the first global crypto fintech company to receive an official license from the Japan Financial Services Agency (JFSA). QUOINE operates QUOINEX, a cryptocurrency exchange and high performance trading platform that went global since May 2014. At its core, QUOINE is focused on stringent security measures on QUOINEX and…

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October 10, 2017 BY Mariela Naydenova

The Biggest Issue With Bitcoin: It Cannot Be Taxed

The cryptocurrency market has exploded over the last two years, with almost 1600%, and for the last 12 months - with around 600%. That is tremendous growth, especially for Bitcoin that is heating up discussions and "worries" from governments around the world about its plausibility and future in numerous industries. According to cybersecurity expert, John…

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October 02, 2017 BY Mariela Naydenova

South Korea Bans ICOs

After China announced its ban on domestic exchanges trading Bitcoin,  South Korea is the next country that also came out with the news that it is going to ban Initial Coin Offering (ICOs). With the popularity of ICOs going through the roof, with some estimating that the total market value of the ICO market is…

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Mario Draghi ECB
September 26, 2017 BY Mariela Naydenova

Mario Draghi “Surrenders” to Bitcoin

On September 25th, at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Mario Draghi, the President of ECB, talked about the current economic and inflation outlook for the European Union, the growth of the real GDP (coming at 2.3%), the corporate sector purchase program and the monetary policy in…

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September 22, 2017 BY Mariela Naydenova

A New Type Of Ponzi Scheme – A Bitcoin One

As reported by Frank Chaparro at Business Insider, Nicholas Gelfman, a head trader at Gelfman Blueprint, a company based in New York, solicited $600,000 from around 80 clients, essentially forming a Ponzi scheme with Bitcoin. According to CFTC, certain investors came in to Gelfman firm, gave him money “for placement in a pooled commodity fund…

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bitcoin
September 20, 2017 BY Mariela Naydenova

Another Bitcoin Split On The Horizon?

As reported by Bloomberg today, Bitcoin is facing another possible split in November, which would mean that the world will have three different versions of the cryptocurrency. With the growing popularity of the currency, miners and developers seek new ways to diversify the increasing “hunger” of the population. One of the “Bitcoin gurus”, Roger Ver,…

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bitcoin perception
September 19, 2017 BY Mariela Naydenova

Bitcoin’s Biggest Weakness? Not Regulations, But Perception

According to The Street, around 78.6% of Americans have heard about bitcoin, and what it is. However, some 11% believe that bitcoin is actually illegal and around 48% of surveyed people do not know if the cryptocurrency is illegal or not. The survey was conducted of 1,000 people. One reason this perception dominates the public’s…

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