South Africa Wants to Mandate Registration of Crypto Service Providers

Regulation A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto assets this week. According to the document, all exchanges, wallet providers, Bitcoin ATMs and payment processors will have to register with the government in 2019.  Also Read: Bitpay Reports Processing Over $1 Billion Transactions […]

Japan and Korea Officially Approve Their Biggest Crypto Exchanges

South Korea’s Internet & Security Agency (KISA) has granted an important certification to the country’s leading cryptocurrency exchange Bithumb. Meanwhile, in Japan, Coincheck, the country’s largest exchange, is now registered with the Financial Services Agency.  Bithumb Granted ISMS Certification Cryptocurrency exchange Bithumb has managed to obtain Information Security Management System certification from the country’s KISA. According […]

Japan’s Money Forward Announces Details of Upcoming Crypto Exchange

Exchanges Japanese public company Money Forward, operator of a personal budgeting app with 7 million users, is preparing to launch a crypto exchange. Three cryptocurrencies will be supported. A representative of the company has shared some details with about the platform and the company’s future crypto projects. Also read: Indian Supreme Court Moves Crypto Hearing, […]

Estonia to Tighten Rules for Licensed Crypto Companies

Regulation Estonia, one of Europe’s most crypto-friendly nations, plans to tighten its licensing regime for cryptocurrency companies. The financial authorities in Tallinn want to introduce stricter regulations for fintech businesses registered in the Baltic country.   Also read: Binance Terminates Services for Users in Belarus Regulators to Increase Oversight The Financial Intelligence Unit, the Estonian […]

Japan Revises Registration Rules for Cryptocurrency Exchanges

Featured The Japanese financial regulator has revised its rules and procedures for registering cryptocurrency exchanges following the hack of Coincheck and the inspections that revealed many inadequate security measures of multiple exchanges. The regulator says its aim is to rebuild the crypto industry. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With […]

Coincheck Drops Anonymous Monero, Dash, Zcash

News Coincheck, the Japanese exchange that lost ~$550 million worth of NEM to hackers, will stop dealing with Monero, Dash and Zcash. The trading platform has recognized the risk posed by these cryptocurrencies which provide high levels of anonymity. Half of the NEM coins stolen in the hack may have been converted […]

Over 100 Firms Seek Licenses to Operate Cryptocurrency Exchanges in Japan

Regulation There are over 100 companies reportedly waiting for the Japanese Financial Services Agency to approve their registrations to operate cryptocurrency exchanges. While only 16 exchanges are fully licensed in Japan, the agency has allowed another 16 to operate without a license for the time being. However, going forward, only those with […]

Italy Completes Consultations on Registration of Crypto Companies

Regulation Public consultations on a new regulatory regime for crypto companies in Italy are now closed. Interested parties were invited by the Ministry of Economy and Finance to share suggestions and comments on a draft decree introducing registration and reporting requirements in the sector. The new set of rules will come into force within 3 […]