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Posts published in “Bitcoin Regulation”

Hungary Does Not Consider Cryptocurrency Legal Tender Yet

Hungary

Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep taxes, making it a fairly unwelcoming territory for cryptocurrency investors. Not Legal Tender Citing a written statement of the country’s Finance Ministry, local Hungarian media Portfolio reports that Bitcoin and other cryptocurrencies do not qualify as legal tender. However, the country is purportedly working actively on a regulatory framework to address

The post Hungary Does Not Consider Cryptocurrency Legal Tender Yet appeared first on Bitcoinist.com.

Saudi Arabia Officials Warn that Bitcoin Trading is Illegal

Saudi Arabia

Despite the country’s proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. Bitcoin and Other Cryptocurrencies Are Illegal A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other cryptocurrencies. The warning was released amid

The post Saudi Arabia Officials Warn that Bitcoin Trading is Illegal appeared first on Bitcoinist.com.

India: Clear-Cut Cryptocurrency Law Still Months Away, Says Gov’t Panel

India

Don’t expect any final cryptocurrency regulations in India at least until the end of the year, according to members of the government panel set up to examine the emerging virtual currency ecosystem in the country. The Conundrum That is Cryptocurrency India isn’t the first country that has struggled with adequately defining what cryptocurrencies are, in terms of being currencies, commodities, or securities. Particularly problematic for the finance ministry panel looking into cryptocurrencies in India is

The post India: Clear-Cut Cryptocurrency Law Still Months Away, Says Gov’t Panel appeared first on Bitcoinist.com.

Crypto Investors Dream of Trillion-Dollar Market Cap Amidst Bitcoin ETF

Crypto Investors Dream of Trillion-Dollar Market Cap

Amid the seemingly inevitable SEC decision on the Bitcoin ETF, some are wondering if a trillion-dollar market capitalization is within reach.   Amidst a year of ups and downs, investors and enthusiasts alike are eagerly awaiting the decision on the SEC’s Bitcoin ETF. Some are hopeful that the ETF will boost markets while allowing Bitcoin to reach the coveted trillion-dollar market capitalization. Medium’s Karim Heiden remains adamant that it will take several steps to achieve this goal: There is a blueprint

The post Crypto Investors Dream of Trillion-Dollar Market Cap Amidst Bitcoin ETF appeared first on Bitcoinist.com.

There Are 10 Bitcoin ETF Proposals Pending, But Only 1 Matters

There Are 10 Bitcoin ETF Proposals Pending, But Only 1 Matters

Despite the SEC’s recent rejection of the Winklevoss’ proposed rule change, there are still 9 Bitcoin ETF proposals currently pending. One of them, however, seems to be standing out with the best chances of success. 10 Bitcoin ETF Proposals in The Queue There are currently 10 propositions for bitcoin exchange-traded funds queued up for the SEC to decide on. The commission recently rejected the proposed rule change of the Winklevoss Bitcoin Trust ETF over regulatory

The post There Are 10 Bitcoin ETF Proposals Pending, But Only 1 Matters appeared first on Bitcoinist.com.

50 ICO Projects Show Interest in Thailand’s New Crypto License

No fewer than 50 enterprises have indicated an interest in obtaining ICO licenses in Thailand. This comes after the enactment of a framework for licensing several aspects of the cryptocurrency market in the country. Clear ICO Regulations Encouraging Interest from Companies According to the Thailand Securities and Exchange Commission (SEC), about 50 projects have expressed an interest in carrying out a cryptocurrency crowdsale. Already, three ICO portals have submitted their licensing application to the SEC.

The post 50 ICO Projects Show Interest in Thailand’s New Crypto License appeared first on Bitcoinist.com.

South Korea’s Biggest Exchange UPbit 100% Solvent, New Report Finds

Investors Can Rest Easy as Korean Exchange UPbit Let off the Hook

A new report from a Korean accounting firm has found the South Korean crypto exchange giant to be 100% solvent in light of recent worries about misconduct. A May raid on the company’s headquarters worried investors, who are now letting out sighs of relief as audits reinforce the company’s integrity. A Knock at the Door The Seoul-based company UPbit was able to prove its integrity to investors, Forbes reported on Sunday evening. The audit comes amidst a May

The post South Korea’s Biggest Exchange UPbit 100% Solvent, New Report Finds appeared first on Bitcoinist.com.

‘No Reason to Not Allow’ the Bitcoin ETF to Go Ahead — Says SEC Commissioner

SEC Concerned Over ICOs

SEC Commissioner Hester Peirce explained why she is pro-Bitcoin ETF and why the Commission rejected the Winklevoss’ Twins latest rule change application. ‘I’m a Big Fan of Innovation’ In an interview with CNBC’s Cryptotrader host, Ran Neuner, SEC Commissioner Hester Peirce explained that she is currently one of four commissioners responsible for the fate of the Bitcoin ETF (though there are typically five when Commission is at full strength). As Bitcoinist reported last week, Peirce

The post ‘No Reason to Not Allow’ the Bitcoin ETF to Go Ahead — Says SEC Commissioner appeared first on Bitcoinist.com.

Bitcoin Price Refusing to Stay Under $8K a ‘Sign of Positive Change’

Bitcoin price

BTC price has once quickly recovered above $8,000, which Fundstraat Chief Analyst, Tom Lee, believes is a sign of “positive change” in the crypto market. Bitcoin Knocked Down, But It Gets Up Again Just like that Chumbawumba song from the late 90’s — Bitcoin price keeps getting knocked down, but it gets up again. Yesterday, Bitcoin once again pared its losses from another dip below the $8,000 mark. Following a nearly $400 drop, Bitcoin bounced

The post Bitcoin Price Refusing to Stay Under $8K a ‘Sign of Positive Change’ appeared first on Bitcoinist.com.

Bitcoin is in the Midst of a ‘Second Wave Rally,’ Says Tech Investor

Bitcoin is in the Midst of a ‘Second Wave Rally,’ Says Tech Investor

With the eighth month of the year right around the corner, Bitcoin seems to have consolidated its position near the $8,000 mark.  Increased Adoption and Institutional Investors are Driving Bitcoin Demand Tech investor and entrepreneur Kin-Wai Lau believes that Bitcoin is riding another wave of enthusiasm. Speaking to CNBC, the Fatfish Internet Group CEO talked about the current state of the market, the BTC ETF saga, as well as the probable end-of-year price for the

The post Bitcoin is in the Midst of a ‘Second Wave Rally,’ Says Tech Investor appeared first on Bitcoinist.com.

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