Malaysia: Unauthorized Crypto Exchanges in Malaysia Will Carry a Jail Sentence

Malaysia will officially regulate initial coin offerings (ICOs) and the overall trade of cryptocurrencies. The law which introduces the regulations will come into force on Tuesday, January 15th. According to a Reuters report, Malaysia will regulate ICOs and the trade of cryptocurrencies....

Japan: Seven Cryptocurrency Exchanges Could Receive FSA-Issued Licenses in Two Months

In line with new perception into the Eastern monetary company’s evaluation procedure of businesses making use of for a cryptocurrency change license, seven packages will likely be both licensed or rejected inside two months. Cointelegraph Japan reported in this...

US: UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations

CCN
Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. According to the business publication, the Financial Conduct Authority (FCA) disclosed on Sunday that 18 companies were being investigated over their involvement in selling cryptocurrencies....

India: Crypto Might Be Legalized with Firm Regulations in Place, says Government Committee

Confusion reigns in India’s cryptocurrency ecosystem. However, that’s about to change as reports show the government’s interdisciplinary committee on cryptocurrencies is considering legalizing cryptos, clarifying their status, which is in a curious limbo—since they’re neither legal nor illegal in India. A...

South Korea: Court Win for Bithumb Exchange in Case of Crypto Investor’s $355K Hack

Coindesk
A South Korean court has ruled in favor of the Bithumb exchange after a user was hacked for around $355,000 and moved to sue the firm over the loss. According to a report from CoinDesk Korea on Tuesday, court documents reveal...

China: EOS Rallies Again as China Rates its Blockchain the Best

CCN
Where other cryptocurrencies hiked over recent days, EOS has been slower most recently, until today. Now EOS price has risen over 8% in the last 24 hours. On December 17, 2018, EOS showed a substantial recovery reaching 35% gains before stabilizing...

US: SEC Chair Jay Clayton’s Mass Crackdown On Crypto Industry Roils GOP Lawmakers

CCN
Jay Clayton, the chairman of the US Securities and Exchange Commission, is coming under fire from Republican lawmakers amid growing concerns over his harsh approach to regulatory enforcement — which critics claim strangles the free market and inhibits technological...

Hong Kong: Hong Kong Regulators Set to Tighten Cryptocurrency Laws

CCN
Asia is currently one of the most regulated continents on the planet in terms of cryptocurrency laws. Hong Kong is the latest Asian nation that is set to tighten crypto laws on traders and exchanges. The Hong Kong Securities...

US: NYDFS Hastens Response to BitLicense Applications

CCN
According to data obtained from the source – the New York Department of Financial Services itself – the financial regulator has only responded to 9 of 36 BitLicense applications submitted since 2015. Five have been denied, four have been...

US: Ether Futures Likely Stalled as CFTC Launches Review of Token

Crypto enthusiasts cheered in June when the U.S. Securities and Exchange Commission removed what traders believed was a major hurdle to Ether joining Bitcoin in the futures markets. Another regulator, the Commodity Futures Trading Commission, dampened some of that...

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An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing on 3 main points that present that not only did the cryptocurrency exchange act in the best interest of their customers, but that Amber AI has no right to a lawsuit in the first place. 1 – Amber AI is not a customer. According to OKEx, “We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information” 2...

Chandler Guo, China’s Top Bitcoin Tycoon, Continues to Build The Crypto Empire in The United States

Chandler Guo, one of China’s top Bitcoin tycoons, shared with BlockPulse 360 his thoughts on the cryptocurrency industry in China. Chandler was one of China’s first Bitcoin miners and has become one of the country’s most well-known cryptocurrency ambassadors. His success has brought him overseas to the United States to continue building his crypto empire. BlockPulse 360: Did your move to the United States have anything to do with the fact that the US is more ICO and blockchain friendly than China? Chandler Guo: Obviously, I am a big fan of Bitcoin and ICO. Just like everybody else in the crypto community, I understand the potential of digital currency and the magnitude of what it means for the economy. Today, ICO has made many people very rich, but in the future, cryptocurrency is likely to become the only currency in circulation. However, most governments, even the American government, are not the biggest...

Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...