Bitcoin Firms Recognized by Polish Regulator
For years, Poland has been urging the regulation of the digital currency bitcoin; however, regulation has never been achieved. Now, though, in what many may consider a landmark decision, Poland’s Central Statistical Office (GUS) has recognized the trading and mining of electronic currency. This means that those companies who use virtual currencies with their business are now able to register with the GUS. According to GUS website, companies can do this by applying to obtain an official PKD 64.19.Z. This news signals a significant move for those within the digital currency industry in....
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All of this goes to show the financial sector remains insecure despite all of the recently issued warnings. Criminals often use malware to attack financial institutions around the world. In most cases, these efforts are more than successful, creating a strain on the financial ecosystem. Things are getting out of hand in Poland, though, as the financial regulator allegedly infected various banks with malware. A rather disturbing development seemingly orchestrated by foreign hackers. It is not often a financial regulator infects banks with malware. It appears the Polish financial regulator....
Bitcoin regulation in Poland has taken a step forward with the news that the country’s Central Statistical Office (GUS) has recognized the trading and mining of virtual currencies as an official economic activity. As a result, companies active in the industry will now be able to register with the agency. Firms involved in virtual currency trade and production can apply to obtain an official PKD 64.19.Z registration when filing their entities with the official court register, the GUS said in a statement. The development marks a significant advance for industry players in Poland where, to....
The Korea Financial Intelligence Unit (KoFIU) has decided to pursue some crypto firms that lack proper regulatory approval. A total of 16 firms have been in the regulator’s radar as they have not aligned with the regulatory approval. These firms had advertised crypto and and had offered the services to the Koreans without having appropriate […]
Poland has officially recognized the trading and mining of virtual currencies as an ‘official economic activity’ according to the Central Statistical Office of Poland, hereinafter GUS. GUS is Poland’s executive agency dealing with national statistics and reports directly to the Polish Prime Minister’s office. A new classification for Bitcoin and others. A statement posted in Polish on the GUS website and machine translated says that starting Dec. 1, 2016, the issuance of electronic currency and purchase and sale of electronic currency via the internet stand classified by official....
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms’ applications are still pending.
Five Crypto Firms Can Continue to Operate in the UK With Temporary Registration
The U.K. Financial Conduct Authority (FCA) updated its list of crypto asset firms with temporary registration Thursday.
There are now five firms on the list: Cex.io Ltd., Copper....