Category: Regulation

October 17, 2017 BY Mariela Naydenova

Brazil's Central Bank President denounces Bitcoin

ETH News reported that on October 16th, the President of Brazil's Central Bank, Ilan Goldfajn, berated bitcoin as a "bubble" and a "pyramid". Brazil seems to be the next country to enter the "bitcoin conspiracy" theory that the digital currency may be a fraud and illegal method of accumulating value over time. While the technology behind…

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October 16, 2017 BY Mariela Naydenova

Australia up for Bitcoin regulation

Bitcoin has become a global phenomenon, presenting opportunities and threats along the way all around the world. Regulators, CEOs, central banks and cryptocurrency startups are on the lookout for the next big news on bitcoin. Australia is the next "player" to impose bitcoin regulation, following a scandal with its biggest bank - Commonwealth Bank of…

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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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