Cryptocurrency exchange regulation in Singapore
Singapore has taken a more progressive and cryptocurrency friendly stance than most of its regional neighbors, that have in many cases banned cryptocurrency activities and businesses completely. In Singapore, however, both cryptocurrency exchanges and cryptocurrency trading is legal, and while cryptocurrencies (usually referred to as “digital tokens”) are not classified as a legal tender, the […]
Cryptocurrency exchange regulation in Australia
Cryptocurrency regulation in Australia has come a long way in recent years, and since we first mentioned it here on our website. Among other recent changes, cryptocurrency exchanges can now be licensed “Down Under”, but under the name Digital Currency Exchanges, a type of Digital Currency Business per the classification of the Australian regulator AUSTRAC. […]
Estonian Licensed Cryptocurrency Exchanges
When Estonia introduced a license specifically for cryptocurrency exchanges in November 2017 it was groundbreaking, and Estonian cryptocurrency licenses, issued by the Estonian Financial Intelligence Unit or FIU for short, continue to be sought after, since the government is extremely supportive of the cryptocurrency industry in general, allowing many companies within the industry to really […]
Cryptocurrency exchange regulation in Switzerland
While Switzerland may not strike everyone as a very progressive country on all counts, when it comes to cryptocurrency regulation Switzerland has definitely taken a very progressive stance compared to most countries. That is good for the industry as a whole, because Bitcoin and cryptocurrencies used to have a slightly bad reputation in some circles, […]
First cryptocurrency regulations issued by CySEC
Until now, the European Union has not been regulating cryptocurrencies in any form, but CySEC, the Cyprus Securities and Exchange Commission, has recently issued its first cryptocurrency regulations. This is obviously of interest for those following the developments within the European Union, since Cyprus is a EU member. About the new regulations The CySEC regulations […]
Ever-changing Crypto Landscape- How will the new Estonian Framework impact the Estonian Crypto Exchange Market?
Recently the Estonian FIU issued new guidelines for the establishment of licensed crypto exchange platforms in Estonia. These guidelines are aimed at creating one license for crypto exchanges in Estonia, unlike the current system that offers two licenses- the E-Wallet license and Virtual Currency Exchange license. These changes have impacted existing businesses in Estonia not […]
Regulation of Cryptocurrencies in Asia and Oceania
The continents of Asia and Oceania, home to some of the leading and emerging economies of the world, have seen dramatic developments in the cryptocurrency arena. China – The most recent development came out of China, China being a key player in the cryptocurrencies eco system as most of the mining capabilities of the industry […]
Regulation of cryptocurrencies in Africa
The African continent have kept relatively quiet on the topic of cryptocurrencies, except for one unique initiative, involving several African countries which came up with a joint initiative to offer cryptocurrencies. Cote d’ivoire, Benin, Burkina Faso, Mali, Niger, Togo and Guinea have joined in a rather unique project involving a partnership between a local bank […]
Offshore regulation of Crypto currencies
The crypto currency phenomena, and some initial initiatives as to regulating it, can be found also in offshore jurisdictions. Much alike major jurisdictions, there are various models or approaches. While some jurisdictions settled for the issuance of notices and circulars to their licensees and to the public, stating that bitcoin is not a currency while […]
European and EU regulation of Crypto Currencies (Digital Currencies)
European countries, and EU member countries within Europe, differ in their regulatory approach to crypto currencies. Therefore, in order to understand the current state of affairs with regards to regulating crypto currencies, it is necessary to enter into a state by state analysis. Prior to that, we shall examine the current status at the EU […]