Japanese Minister Denies Association with Cryptocurrency Firm Under Investigation

Seiko Noda, Japan’s internal affairs minister, denied having an interest in a cryptocurrency company under investigation and interfering in that investigation, according to a report in Asahi Shimbun. As a Cabinet minister, Noda could be accused of trying to influence a government investigation. Noda acknowledged that one of her aides was present at a meeting on …

Philippines Regulator Expects Windfall from Crypto Exchange Licensing

The administrator of a government-controlled economic zone in the Philippines is expecting to rake in $67 million by issuing licenses to cryptocurrency exchanges. As reported previously by CCN, the Philippine government legalized the entry of cryptocurrency exchanges to operate in the Cagayan Economic Zone Authority (CEZA) – complete with tax benefits – in April this …

Is Bitcoin Legal Tender? Kenya MPs Give Treasury Two Weeks to Decide

Kenyan MPs have given the Treasury secretary a two-week deadline by which he must decide the fate of bitcoin and other  cryptocurrencies, specifically regarding their status as legal tender in the nation of 48 million people. The deadline follows a warning issued in April by the Central Bank of Kenya (CBK). The Finance and National Planning …

British MP Says Blockchain Technology Can Save UK £8 Billion

Conservative member of the British Parliament Eddie Hughes has said that the British government needs a Chief Blockchain Officer to enable social freedom, increase efficiency and rebuild societal trust. In a report issued today entitled ‘Unlocking Blockchain,’ MP Hughes  made a number of other recommendations including an international blockchain competition to encourage talented blockchain developers and …

US Lawmaker Calls For ‘Light Touch’ on ICO Regulation

US Rep. Warren Davidson (R-OH) said a “light touch” regulatory framework is needed for the initial coin offering (ICO) market during a CNBC  “Squawk Box.” interview. Davidson is a member of the House Financial Services Committee of the House of Representatives. “We want to make sure that the United States’ capital markets stay strong and …

BitLicense Holder itBit to Be First New York Exchange to List Stellar (XLM)

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Institutional cryptocurrency exchange and BitLicense recipient itBit has announced that it has received approval from the New York Department of Financial Services (NYDFS) to list four new cryptocurrencies: ethereum (ETH), bitcoin cash (BCH), litecoin (LTC), and stellar (XLM). ItBit, …

ICOs are Securites, Can’t Be Any More Clear: SEC Chairman

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The SEC held a public forum on June 13, “Investing In America: Atlanta Town Hall Meeting.” The town hall was highly anticipated because regulators planned on speaking about cryptocurrency regulations and innovation. The session was open to the public …

Despite Warnings, ICO Promoters’ Self-Reporting is ‘Underwhelming’: SEC

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! ICOs are securities, according to the SEC, but few are reporting themselves as such. As CCN reported, the SEC announced this week that it isn’t planning to update its securities framework to accommodate ICOs, which behave much like securities …

Wall Street’s ‘Crypto King’ Says Regulatory Clarity Is Bullish for Bitcoin

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Bart Smith, who was crowned “Wall Street’s Crypto King” by CNBC, is optimistic that institutional investors will start pouring money into the cryptocurrency market once more regulatory clarity is provided. Smith heads the digital asset group at Pennsylvania-based investment firm Susquehanna International Group, which first …