In the past week a lot of is around the globe time and again in terms of regulatory events. In our regulatory response we look back at the week end and summarize what was thought about when, where, and by whom said, or decided.
Iran: crypto-Mining as a business recognized
The head of the Supreme Council for cyberspace, the Islamic Republic of Iran has recognized the Mining of crypto-currencies officially. So Abolhassan Firoozabadi announced to local media that several Iranian ministries, view Mining as a commercial activity, including the economic, the financial and the energy Ministry. Officially in a law, this regulation has not been poured yet.
Belgium: financial market regulators announced 28 crypto-Scam-projects
The Belgian financial market Supervisory authority Financial Services and Markets Authority (FSMA) has expanded its “Black list” to the fraudulent crypto-projects. A total of 28 new crypto-currencies are now those Assets are added which are violations of the law are accused of. At the same time, the FSMA also warns against what she describes as the current “Hype” to crypto-currencies.
China: Central Bank sets up new research centre for crypto-currencies
The Chinese Central Bank People’s Bank of China (PBoC) extended their research to crypto-currencies. In addition to the location in the capital city of Beijing is now opened another centre in southern Nanjing. That’s where it should go also to the development of Blockchain-to projects for concrete application cases.
Philippines: crypto exchanges as trading platforms registered
The Philippine financial market Supervisory authority Securities and Exchange Commission (SEC) has submitted a draft law of the crypto exchanges which operate in the country, an official Status would give. Accordingly, the Exchanges as a trading registered platforms, and be adjusted accordingly. For the people in the Philippines that would facilitate the acquisition of crypto-currencies.
Canada: crypto regulation in 2020
Originally, it was thought that the canadian government is introducing to the fall of a General regulation for crypto-currencies and Assets. According to current information, this is delayed now until 2020. As the reasons Canada leads the in the next year, the upcoming parliamentary election. To a crypto-regulation, it is therefore only when the new Parliament has been constituted.
Thailand: crypto police gets own Wallet
The anti-money laundering authority of Thailand is currently working to develop its own Wallet. Thus, the government wants to have in the future on its own digital wallet to store Bitcoin and other crypto-currencies, which are associated with crime, sure. Thus, in the struggle for a sustainable and system-enhancing regulation a step further.
Bahrain: Minister calls for more education on the Blockchain
The Minister for electricity and water of Kingdom of Bahrain has identified Blockchain technology as a crucial factor for the future development of his country. On the SmartSec Cybersecurity and Blockchain Conference in Bahrain, Abdul Hussain Mirza highlighted the benefits and opportunities of the Distributed Ledger technology, while he recommended to the citizens to examine in detail the technology.