Blog Archives

South Korean Regulators: No Exchange Ban, But ICOs Still In Limbo

Posted on 12th December, 2017

Last week, rumors began to surface that South Korean financial regulators were on the verge of announcing major changes in the country’s current policies on cryptocurrencies. Given the skeptical tone taken by many South Korean leaders — only a few weeks ago, Prime Minister Lee Nak-yeon suggested that bitcoin and related projects might “corrupt the […]

Swiss authorities claim bitcoin is too “insignificant” to regulate

Posted on 25th June, 2014

In a new report published by Switzerland’s Federal Council, regulators claim that the “economic importance of virtual currencies as a means of payment is fairly insignificant at the moment.” The report claims that bitcoin and other digital currencies will have a marginal effect on the Swiss economy for the “foreseeable future,” and no influence on […]

NY financial regulator Ben Lawsky talks Bitcoin on Reddit

Posted on 20th February, 2014

Earlier today, New York Department of Financial Services (NYDFS) superintendent Ben Lawsky participated in a Bitcoin-themed Ask Me Anything (AMA) on Reddit, offering a window into the state’s plans for future regulation of the cryptocurrency. Lawsky made headlines last week after sketching out a regulatory framework that would include a “BitLicense” for those doing business […]

Central Bank of Brazil releases warning on virtual currencies

Posted on 20th February, 2014

The Banco Central do Brasil issued a warning today about virtual currencies. The Brazilian central bank joins a chorus of skeptical voices in the banking industry, including Canada, Israel, India and China. The Brazilian bank’s statement outlines concerns familiar to anyone following cryptocurrencies, namely the lack of regulation, high price volatility and concerns about the […]

New warning on cryptocurrencies from Israeli regulators

Posted on 19th February, 2014

Israel’s two major state financial regulators issued a joint statement today warning urging caution on “decentralized ‘virtual currencies’ (such as Bitcoin).” The statement from the Israeli Ministry of Finance and Bank of Israel (BoI) doesn’t introduce new regulation in the country, but it does serve as an indicator of current government thinking about Bitcoin and […]

New York regulator Ben Lawsky weighs in on recent Bitcoin woes

Posted on 13th February, 2014

Ben Lawsky from New York’s Department of Financial Services made headlines yesterday after outlining his state’s plan for regulating Bitcoin, but his other comments about the cryptocurrency that may be more interesting. Speaking at Future Tense in Washington, DC, Lawksy weighed in on the recent price drops caused by the “transaction malleability” glitch. “I think […]

New York regulator discusses “BitLicense” regulation plan

Posted on 12th February, 2014

Benjamin Lawsky, superintendent of New York’s Department of Financial Services, gave details of his agency’s regulatory plan for Bitcoin transactions in the state. Speaking at the Future Tense conference in Washington, DC, Lawsky outlined the creation of a “BitLicense” for businesses using cryptocurrencies, making New York the first U.S. state to regulate the currency. “Our […]