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China- The Chinese government and the People’s Bank of China has over the course of the past months maintained stiff regulations on Bitcoin and cryptocurrency related products; especially ICO’s. However in a much predicted turn of events as characteristic of the Asian big wig; the country’s high court (The Court of International Arbitration) has ruled in favour of Bitcoin and cryptocurrencies. This verdict by the Chinese court, was necessitated by a case brought to its attention,…

Bitcoin and the crypto ecosystem has been branded wild west by the prominent MP’s in the UK. Also calling for the FCA to begin regulation of the current crypto markets, a report released by the parliament outlined the possible benefits which could result from responsible application of regulation. “It’s unsustainable for the Government and regulators to bumble along issuing feeble warnings to potential investors, yet refrain from acting…At a minimum, regulation should address consumer protection…

Coinbase CEO Brian Armstrong in an interview with TechCrunch; while outlining the vision of his company and detailing the outreach of the crypto community to wider public; had made a bold statement affirming the big picture for the crypto industry. According to the crypto exchange boss, he predicts the number of people in the crypto sphere will grow actively from the current 40 million users to 1 Billion users in five years (2023). This affirmation by…

The nation of Uzbekistan has by a new presidential decree legalized cryptocurrency trading with licences to be issued to crypto exchanges subsequent to meeting a set of requirements; notably exchanges who wish to operate in the country will have to establish local subsidiaries and abide by local laws. President Shavkat Mirziyoyev who signed the decree is said to be focused on ways to boost the nation’s market economy hence, the turn to the growing and…

According to the Securities and Exchange Commission of the Philippines’, new legislation is currently being drafted to allow for crypto exchanges in the country to be regulated and expand opportunities available to both operators and customers. “We will put out a draft rule for the virtual currency exchanges, hopefully within the first half of September.” As reported by SEC Commissioner Ephyro Luis Amatong the new legislation will be drafted by next week with the aim…

South Africa has become one of the unlikely crypto hubs in the continent. Along with other markets including Nigeria, he country has seen a boom in crypto traders. Despite the positive reception to crypto, the state remains concerned due to the significant number of crypto traders evading tax bills and failing to reveal profits and assets to the South African Revenue Service. This has prompted the South African Revenue Service to ramp up its efforts…

Bitcoin has been a subject of much discussion in the Russian government as officials explore to what extent it should be regulated and controlled. Recently, the deputy finance minister also revealed plans to enforce identify verification checks to monitor and regulate bitcoin trade. More information regarding the nature of these checks is yet to be decided by the state. “If you want to buy any financial product, you need to show passport, fill out a…

Talks about legalizing Bitcoin in Japan have been promising results for nearly a year now but with the future of Bitcoin exchanges at stake, a formal law has been passed and will be in effect tomorrow, legalizing Bitcoin as a tender in the country. As we have explored before, the previous draft did include some debilitating clauses which would have stifled growth of exchanges, but the majority of points set out in the document aim…

The People’s bank Of China has officially begun discussing regulatory policies which will be implemented to protect user’s rights when using Bitcoin exchanges. A paper was released essentially outlining the plan of actions to increase AML and KYC practices at Bitcoin exchanges. While this will compromise the privacy and anonymity of users, the bank hopes standardizing these policies across exchanges will bring added safety to the customer and help contribute to a lower rate of money…

The manufacturing industries of Africa are some of the fastest growing in the world. An abundance of cheap labor and goods has prompted even the likes of china to get involved, investing into these economies. However many believe the fiat currencies such as the Yuan have outlived their value as trading mediums, as the future creeps closer so will newer and more efficient forms of currency. Will Bitcoin offer the opportunities to expand relations between…