The European Union is prepared to regulate cryptocurrencies if the sector continues to remain inherently volatile and present substantial risks to new investors. If these risks are not tackled at the global level, the EU is ready to step in according to the Union’s financial services commissioner. Global Investment Craze Cryptocurrencies are extremely volatile and are prone…
The first and most important thing to know before investing in cryptocurrency is that it's volatile. As you're reading this article, the crypto market is attempting to recover from a series of February dips and January’s massive decline, during which billions of dollars in value evaporated into thin air. While the initial panic has certainly…
The government of Venezuela has turned to the world of cryptocurrencies in order to try and revive its ailing economy and escape both crippling debts and U.S. sanctions. The resource-rich nation has turned into a something of a digital asset pioneer by issuing a cryptocurrency officially backed by the state. The Petro Solution Despite being a…
South Korea is working towards establishing more extensive cooperation with both China and Japan with regards to regulating their burgeoning cryptocurrency markets. South Korea's Financial Services Commission (FSC) is pressing for a joint effort between regulators in all three countries in order to prevent the sector becoming a facilitator of money laundering and a number…
The cryptocurrency market is currently in free fall as investors respond to news of a potential cryptocurrency crackdown. Bitcoin, Ripple, Ethereum, and Litecoin have fallen as much as 17% in the last 24 hours as panicked investors respond. While the market may be in a nose dive, there is currently no definitive indicator that a ban…
The U.S. Securities and Exchange Commission (SEC) has moved to clarify its stance on both ICOs and the cryptocurrency market in general. Many in the cryptocurrency community view an SEC crackdown on activities within the sector as being something of an inevitability. However, judging by the Commission’s recent public statement, there may actually be little…
In recent months, as Bitcoin has surged in fiat value, India has emerged as one of the most active nations in the crypto space. Indians are investing heavily in cryptocurrency, and across the country businesses are adopting blockchain-based systems en masse. In fact, in recent months crypto has become so popular in India that the…
The year of 2017 has brought a great increase in Bitcoin price, yet during this year, numerous countries have decided to regulate digital currencies and blockchain technology. One of the latest examples in this direction is Kazakhstan, which is reportedly considering restricting some digital currency-related activities. According to recent reports, the National Bank of Kazakhstan has…
Officials from Japan’s Financial Services Agency (FSA) have announced that it will begin “full surveillance” of cryptocurrency exchanges operating in the country. According to the Japan Times, the government agency will ensure that exchanges for Bitcoin and other cryptocurrencies have proper internal systems to protect customer assets. A 30-member surveillance team built from agency and…
A big percentage of bitcoin’s transactions are in one way or another related to gambling. This comes as no surprise, as bitcoin’s lack of real world identity and overall network neutrality means that there cannot be any interruption between players and gambling platforms. Back in 2013, it was assumed by researchers, that online gambling accounted for…