In an ongoing Initial Coin Offering (ICO) crackdown in the United States, the Colorado State Department of Regulatory Agencies (DORA) has ordered the closure of four ICOs. These ICOs are not compliant with the rules of the U. S. Securities and Exchange Commission (SEC). Therefore, the SEC suspended their operations. Regulators from all over the … Continue reading “Four ICOs Shut Down in Colorado Crackdown”
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Uganda is Set to Pass a Bill on Cryptocurrency Regulation
Author Ifeanyi NwaokoriePosted on Categories Bitcoin, Business, Cryptocurrency, General, News, Regulations, ScamLeave a comment on Uganda is Set to Pass a Bill on Cryptocurrency RegulationUganda has become the latest home to cryptocurrency crimes of enormous proportions. Indeed, the Sub-Saharan African country now feels the impact of something that never mattered before now. Before now, crypto-related exit-scams were U.S., European and Asian challenges, but not anymore. According to local media reports, Bitcoin (BTC) is extremely popular in the country. As … Continue reading “Uganda is Set to Pass a Bill on Cryptocurrency Regulation”
Crypto Expert: The US SEC Wasn’t the Cause for Downturn
Author Eric Van OrmanPosted on Categories Business, Cryptocurrency, General, NewsLeave a comment on Crypto Expert: The US SEC Wasn’t the Cause for DownturnIf you have been reading cryptocurrency news lately, you would have noticed two significant things. The first is that the cryptocurrency market is down on its knees, throwing the entire industry into confusion. Secondly, cryptocurrency advocates are pointing to two factors as the cause of the bear market, Bitcoin Cash hard fork and the US … Continue reading “Crypto Expert: The US SEC Wasn’t the Cause for Downturn”
Cryptocurrency ETFs: What are they and what do they do?
Author Ian CooperPosted on Categories Crypto Exchanges, Cryptocurrency, ETF, General, News, RegulationsLeave a comment on Cryptocurrency ETFs: What are they and what do they do?Chances are that you have heard about ETFs if you are into cryptocurrencies. They have been in the news recently for their activities in seeking regulatory approval. ETF stands for Exchange Traded Funds. Cryptocurrency ETFs are digital coin exchanges on which cryptocurrency trade occurs. They are based on blockchain technology but the idea is similar … Continue reading “Cryptocurrency ETFs: What are they and what do they do?”
India’s Reserve Bank Schedules Two More Panels On Crypto
Author Eric Van OrmanPosted on Categories Bitcoin, Cryptocurrency, General, Law, News, RegulationsLeave a comment on India’s Reserve Bank Schedules Two More Panels On CryptoIn April, the Reserve Bank of India gave crypto exchanges three months’ notice to tie up their business with banks. Effectively, many exchanges, including India’s largest, Zebpay, had little choice but to shut down. Zebpay was India’s first Bitcoin (BTC) exchange. It had hundreds of thousands of users, a figure that was rapidly growing. Zebpay … Continue reading “India’s Reserve Bank Schedules Two More Panels On Crypto”
Regulators Drafting Cryptocurrency Regulations, Despite Bear Market
Author Dennis WafulaPosted on Categories Cryptocurrency, General, News, RegulationsLeave a comment on Regulators Drafting Cryptocurrency Regulations, Despite Bear MarketFinancial authorities are still trying to find the right legal framework to regulate cryptocurrencies. Different jurisdictions have different laws. All, however, seem to agree on one thing that the crypto space requires: regulations. To create a working framework, governments and financial authorities have spent hours behind closed door trying to figure out the right approach,. … Continue reading “Regulators Drafting Cryptocurrency Regulations, Despite Bear Market”
Cryptocurrency: Understanding the Tax Process applying to Bitcoin
Author Dennis WafulaPosted on Categories Banking, Bitcoin, Cryptocurrency, General, News, RegulationsLeave a comment on Cryptocurrency: Understanding the Tax Process applying to BitcoinTaxing cryptocurrencies is proving to be a challenge for both authorities and taxpayers. The tax obligation and process are still a little hazy to most people in the crypto space. Bitcoin and other cryptocurrencies gained a lot of interest for lack of any regulatory obligations. Many love the digital currencies since no government or banking … Continue reading “Cryptocurrency: Understanding the Tax Process applying to Bitcoin”
e-Krona could reshape the Swedish cashless economy
Author Ifeanyi NwaokoriePosted on Categories Banking, UncategorizedLeave a comment on e-Krona could reshape the Swedish cashless economy In many countries around the world, cash is the predominate method of paying for goods at mom-and-pop shops. However, that is not the case in Sweden, as many merchants are gradually dumping cash payments. According to statistics, the percentage of cash circulation in the European country is just about 1%. Indeed, this percentage shows that … Continue reading “e-Krona could reshape the Swedish cashless economy “
SEC Continues to Pursue PlexCorps Injunction
Author Eric Van OrmanPosted on Categories Business, Cryptocurrency, General, ICO, NewsLeave a comment on SEC Continues to Pursue PlexCorps InjunctionThe Securities and Exchange Commission (SEC) presses on for restitution against the allegedly fraudulent ICO from PlexCorps. Last summer, crypto startup PlexCorps raised $15 million from thousands of investors for its ICO. The company quickly went under, and the SEC uncovered several problems in an investigation. The main points that the SEC found fraudulent or … Continue reading “SEC Continues to Pursue PlexCorps Injunction”
Investor John McAfee Says Cryptocurrency Could Soon Replace Fiat
Author Eric Van OrmanPosted on Categories Crypto Technology, Cryptocurrency, General, News, Regulations1 Comment on Investor John McAfee Says Cryptocurrency Could Soon Replace FiatInvestor John McAfee was a keynote speaker at the Malta Blockchain Summit on Friday. Here he spoke about the use of crypto for personal freedom as opposed to government control. He sees crypto’s dominance as inevitable, but also calls for people to take action to help it grow. McAfee is a former software developer and … Continue reading “Investor John McAfee Says Cryptocurrency Could Soon Replace Fiat”
