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Japan explores ways to formally regulate cryptocurrency ICOs As U.S. government watchdogs increase scrutiny of initial coin offerings, or ICOs, Japan is exploring ways to formally regulate the process where companies issue tokens in exchange for cryptocurrencies. In a proposal by Tama University and the Center for Rule-making Strategies, the members set out ...
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India's central bank bans financial firms from dealing with cryptocurrency Regulated financial institutions in India can no longer provide services to companies or individuals dealing with virtual currencies, the Reserve Bank of India says. The statement comes as other regulators around the world are grappling with how to regulate digital assets like bitcoin. The Reserve Bank of ...
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Underground cryptocurrency trade thrives in China Cryptocurrency investors in China have resorted to underground activities after the Beijing government banned Bitcoin trade in the country last year. But when it outlawed cryptocurrency-related activities like initial coin offerings (ICOs), the government unknowingly opened doors for underground ...
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36 Percent People Say They Would Accept Salaries in Cryptocurrency Cryptocurrency enthusiasts believe the rise of cryptocurrency is evident in the coming years. To put this to a litmus test, a 'social experiment' was carried out by the company Midex, in which a number of employees across companies over the world, were asked if they would willingly accept their salaries ...
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Chilean Cryptocurrency Exchanges Now Denied Banking Services According to El Mercurio, Banco Estado was the last bank in the country to service cryptocurrency exchanges following the recent decision of other Chilean banks to close their cryptocurrency-related accounts too. In response, Buda and Crypto MKT urged the national banking association to clarify its ...
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South Korea Detains Cryptocurrency Executives Over Alleged Embezzlement Though two other exchanges were also searched, no name, except Coinnest's, has surfaced for now. However, according to reports, prosecutors are in the process of investigating another cryptocurrency exchange, which, they are suspecting, has conned its clients by offering investment options.
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Cryptocurrency Verge Responds To Hacking Claims By Launching 'Accidental Hard Fork' Anonymity-focused cryptocurrency Verge (XVG) lost 25% of its value April 4 as news surfaced of an apparent hack which developers 'resolved' by accidentally initiating a hard fork. According to various press and social media sources, including Verge developer known as Sunok, a bug allowed ...
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