Category: Cryptocurrency

The European Union recently approved new legislation to subject cryptocurrency exchanges to anti-money laundering (AML) regulations. Once the new legislation takes effect, national legislatures within the EU will have 18 months to enact that legislation into their own national laws. The legislation was intended to combat anonymity both in the use of Bitcoin and other […]

As popular as Bitcoin and cryptocurrencies have become, they still haven’t quite reached the state of being mainstream investments. Recent reports have indicated that the majority of potential early adopters of Bitcoin and cryptocurrencies have already gotten into the market. While 75 percent of people worldwide are aware of cryptocurrencies, only about 50 percent really […]

It’s no secret to anyone in the cryptocurrency community that initial coin offerings (ICOs) have become incredibly popular in recent months. However, they have also attracted the attention of regulators, including the Securities and Exchange Commission (SEC). SEC even went so far as to create its own fake ICO website to highlight to investors just […]

Zimbabwe’s central bank has recently forbidden financial institutions within the country from dealing in cryptocurrencies. Financial institutions have been ordered to stop serving cryptocurrency exchanges and liquidate all cryptocurrency-related accounts. The central bank official who issued the order cited the bank’s “obligation to safeguard the integrity of payment systems.” That’s a particularly ironic comment, given […]

In an exciting development for Bitcoin, Seminole County, Florida will soon begin accepting Bitcoin and Bitcoin Cash as payment. The two cryptocurrencies will be able to be used to pay for driver’s licenses and ID cards, automobile license plates and titles, and property taxes. The county has partnered with BitPay as its payment processor, marking […]

UPbit, South Korea’s largest cryptocurrency exchange, has come under scrutiny from South Korean officials after allegations of fraud. The exchange’s head office was raided last week as part of an investigation into those allegations. The exchange is accused of selling customers cryptocurrency that it doesn’t actually hold. While the investigation is ongoing, Upbit claims that […]

Bitcoin has many potential uses, which is one reason it has become such a popular cryptocurrency. But aside from its use as a currency and as an investment store of value, it also plays a very important role in helping citizens in repressive countries protect their wealth and move it away from the control of […]

A new Bloomberg report states that about 7% of the world’s supply of Bitcoin is currently being held by a single firm. That firm, Xapo, was started in 2014 to provide cold storage options to Bitcoin investors. Evidently the company’s product has become so successful that more and more Bitcoin investors are choosing to store […]

According to recent reports, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), is developing plans to open an online Bitcoin trading platform for large investors. While the plans are still confidential and there is no guarantee that it will even occur, a platform like this established by such a major player […]

As many cryptocurrency enthusiasts and investors know, the major issue looming over cryptocurrencies is the prospect of future regulation. In most jurisdictions, regulators have taken a relatively light touch so far. Aside from registering with government authorities and complying with money services business regulations, know your customer (KYC) laws, and anti-money laundering (AML) regulations, cryptocurrency […]