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SEC ICO Guide Released Despite Ongoing Regulation Debate

In 2018, ICOs raised over $7.8 billion USD—up $1.6 billion from the year 2017. Most of these 2018 funds were raised in the first three months of the year. Cryptocurrencies have been on the decline ever since. Yesterday, the Securities and Exchange Commission (SEC) released their new guide to ICOs. This new SEC ICO guide seems oddly timed, considering the fundraising tactic has decreased dramatically.

Buying Crypto on Foreign Exchanges? Better Tell the IRS

The IRS may be cracking down on crypto bought on foreign exchanges as part of a technicality involving overseas holdings. Americans who hold more than $10,000 abroad are required to file Foreign Bank and Financial Accounts (FBAR) reports each year with the U.S. Treasury Department. They are also required by the Foreign Account Tax Compliance Act (FATCA) to describe their overseas accounts on Form 8938 of their IRS tax forms. The penalty for non-compliance? A potential $100,000-plus fine, plus prison time.

South Korea Discusses Lifting its ICO Ban

South Korea – Yesterday, South Korea’s National Assembly proposed to allow domestic initial coin offerings (ICOs) again. Back in September of last year, the government banned all ICOs and since, the country has taken a hit. Due to the ban, South Korean companies have been moving to other countries to launch token sales – specifically crypto-friendly Singapore and Switzerland.

Operation Crypto Sweep – 70 US & Canadian ICOs Investigated

Operation Crypto-Sweep – The North American Securities Administrators Association (NASAA) just announced that they sent out 70 cease-and-desist letters to operations they believe to be scam crypto companies. The operation is being called ‘Operation Crypto-Sweep’ and it has first reached 40 jurisdictions in both Canada and the United States.

India Cuts off its Nose to Spite its Face over Cryptocurrency

The Reserve Bank of India (RBI) entered uncharted waters by dealing a ban on cryptocurrencies which has caused outrage and confusion among the crypto investment community in India. This ban applies to all transactions related to cryptocurrencies such as Bitcoin and the embargo effects the transfer of money form designated bank accounts to cryptocurrency wallets.

Taiwan to include Bitcoin on AML Regulations

Taiwan Bitcoin Regulations: The Taiwanese government has carefully monitored the behavior of Bitcoin price in order to determine how its fluctuation affects the lifestyle of the Taiwanese people. It is trying to establish actions to protect the locals and safeguard the interests of the nation against possible criminal activities that could be committed through the use of cryptocurrencies.

Iran’s Government Bans Crypto Telegram App – More to Come?

Telegram App – a messaging service used by 40 million users and most blockchain projects, just concluded its record-breaking second round initial coin offering (ICO) and Iran’s government isn’t the least bit happy. The app is extremely popular in the authoritarian country and has played a large roll in enabling its residents to organize protests.

Cryptocurrency and Taxation – Here’s What You Need to Know

Crypto investors aren’t exempt from taxation:  The U.S. tax authority has already provided a guideline for cryptocurrency taxation; they believe cryptocurrency transactions are taxable and these currencies should be treated as an intangible asset.  When anyone buys crypto coins and sells them in a market, the investor is liable to pay capital gain tax if he realized any gain.

Chile Blocks Exchanges Accounts, Practically De Facto Banning Crypto Trading

The Chilean government seems to be moving in the same direction as certain countries such as China, Russia, and Kazakhstan – de facto banning the operation of crypto exchanges. According to local media, this Thursday, the three main exchanges operating in the country: OrionX, Buda (formerly known as SurBTC) and CryptoMKT received a statement in which BancoEstado (officially: State Bank of Chile) announced the closure of their checking accounts in 10 days.

Twitter Bans Crypto Advertising

Cryptocurrency selloff intensified after Twitter (NYSE:TWTR) imposed an advertisement ban on cryptocurrencies and related activities. Following in the footsteps of Google (NYSE:GOOG) and Facebook (NYSE:FB), Twitter management also see advertising of token sales and initial coin offerings (ICOs) harmful to consumers. The Twitter ban will also cover ads related to cryptocurrency wallet services and cryptocurrency exchanges.

Crypto Ad Ban: Experts Weigh In

First, Facebook banned crypto ads. Then, Google announced it would be banning them as well – many coins dropped when the news was released. Add Snapchat and Twitter into the mix and out comes an internet cocktail that is surprisingly light on crypto ads.

Major Influencers Are Predicting Good Things For Bitcoin

Bitcoin price (BTC) has lost more than 60% of its value since hitting the all-time high in December; BTC price traded in the range of $6,000 to $12,000 over the last two months. However, the market pundits don’t see a downside in bitcoin price volatility in the long-term. They expect BTC price to move higher once regulators settle on laws for crypto markets.

Russia trusts blockchain but might deem cryptos as criminal FIAT substitutes

When it comes to the blockchain, Russia is a very complex country. The political positions on this matter depend on who talks to the media. A few days ago, Russia’s President, Vladimir Putin mentioned in a meeting of his high-ranking cabinet (in which Herman Gref, president of the most significant Russian bank: ‘Sberbank’ participated) the position he sustains regarding the use of blockchain technologies for the development of the country:

Cryptocurrencies Should Be Regulated – Not Banned

To regulate or to ban? Everyone is talking about the cryptocurrency mania and the future of it; some are calling crypto a complete fraud, while others consider it a reliable medium of exchange and the most significant innovation in the financial world. The unexpected growth in Bitcoin (BTC), Ripple (XRP) and other digital currencies stunned investors and regulators, forcing them to look at the factors that are driving prices higher.

European Central Bank: It’s Not Our Job to Regulate Bitcoin

The man has spoken. On Tuesday, the president of the European Central Bank joined the conversation regarding cryptocurrency regulation. More specifically, the ECB president discussed the bank’s viewpoint on whose responsibility it is to regulate bitcoin. Unfortunately, it might not have been what people were hoping to hear from the former Italian central banker.

BIS General Manager: There Needs to be More Cryptocurrency Regulation

On Tuesday, Agustin Carsten gave a speech in which he discussed cryptocurrency regulation. He, of course, is not the first public figure to come forward to discuss more regulation on virtual currencies. Recently, UK Prime Minister Theresa May announced that the UK plans to create new cryptocurrency rules. As for Carsten, the BIS general manager not only called for more regulation, but he also said Bitcoin is a mixture of a bubble and a Ponzi scheme.

Singapore Lawmakers Want Crypto Regulation

Another day, another discussion on crypto regulation. That’s not an exaggeration, either. Both BIS general manager Agustin Carsten and members of the parliament of Singapore discussed regulating virtual currencies this week. As for this article, we are going to focus primarily on the latter.

China Cryptocurrency Ban Crashes Market, Again

China cryptocurrency ban has wreaked havoc on the market! This weekend the cryptocurrency market began to rebound after it had a rough couple of days. However, that day of green is far gone as China has added more to its country-wide firewall. The South China Morning Post reported this morning that the country has officially blocked all websites related to cryptocurrency both domestic and foreign. Sunday night, a representative from the People’s Bank of China said, “To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs.”

Cryptocurrency Regulation Might Be Discussed at Next G20 Summit

To regulate cryptocurrencies or not to regulate cryptocurrencies? That is the question that will be in focus at the next G20 Summit in March.  It seems that most countries will have something to say about the regulation of it. In fact, last week UK Prime Minister Theresa May disclosed that the country is going to implicate some new cryptocurrency rules. This week, Steven Mnuchin, who is the U.S. Treasury Secretary, joined the conversation.

United Kingdom Planning to Roll Out New Rules for Cryptocurrency Regulation

Woody Allen once said the world is divided into two groups of people: good and bad. There is a part of me that feels I could make the same argument in regards to the cryptocurrency market. Cryptocurrencies, in general, are both good and bad. For the most part, we’ve seen a lot of good come out of the cryptocurrency market, which has caused the vast majority of the world to forget about the downside to the market. Or, we simply choose to ignore the various discussions happening, like the topic of cryptocurrency regulation.