Bermuda’s Crypto-Friendly Regulations; Targets To Become A Digital Asset Hub
Bermuda is the latest country that wishes to be in the forefront when it comes to crypto and its regulations. It is now set to develop an extensive and comprehensive crypto regulatory framework. Through maintaining this transparency, Bermuda is attempting to attract more cryptocurrency related projects, and companies who are enthusiasts in this particular field. […]
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Crypto-friendly regulation may be in the eye of the beholder. With nations around the world each holding significantly different regulations, what is the most crypto-friendly country? Kosala Hemachandra, CEO and founder of MyEtherWallet, labeled the query as a tough one. “First we have to define what crypto-friendly means,” Hemachandra told Cointelegraph. “Some countries, like China, are looking at issuing government digital currencies, which would encourage swift adoption, but is not faithful to the decentralized spirit of crypto.”China has proven itself as one of the less-crypto-friendly....
South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable,” he said.
South Korea’s President-Elect Vows to Deregulate Crypto Industry
South Korean voters elected Yoon Suk-yeol of the conservative People Power Party as their new president in the country’s most....
As part of regulations that are set to become effective in mid-February, crypto-asset investment promoters will be required to inform the Spanish securities watchdog of the contents of any ad that targets over 100,000 people.
10-Day Advance Notice Rule
The Spanish government has tasked the country’s securities watchdog with authorizing advertisements that promote cryptocurrencies, a report has said. Also, as part of the new measures, crypto-asset investment promoters will be required to notify the Comisión Nacional del Mercado de Valores (CNMV) of any promotional....
Europe is increasingly becoming a digital currency-friendly continent. If there is a Bitcoin-friendly territory index, then the Isle of Man will definitely feature at the top. True to its intention of becoming the Bitcoin capital, Isle of Man has recently decided to relax its gambling laws to include bitcoin and digital currencies. The Gambling Supervision Commission has called for a limited consultation for a period of one month, starting April 20, 2016, till May 20, 2016, with an intention of revisiting the existing gambling regulations and updating it to meet today’s standards. The....
According to a research conducted by digital asset exchange aggregator Coincub, Germany was the most crypto-friendly country in the first quarter of this year. Singapore, the previous leader, has fallen to second place, while the United States has climbed to third. Germany was ranked fourth last year on Coincub’s list of the most crypto-friendly country. […]