The PBS has said that the banks have refused to do business with crypto firms despite no such regulatory rule being imposed by the government.
The deputy governor asked financial institutions not to have much exposure to digital assets and develop a risk assessment framework while dealing with them.
To avoid having local blockchain companies flee to other regions with more lenient regulation, Switzerland has created a working group to encourage banks to provide services and create accounts for these businesses.
Interested parties for the proposed Bitcoin ETFs have been asked by the SEC to respond regarding their involvement with the SolidX shares.
The new policies and regulatory framework is aimed towards legitimizing the country’s local cryptocurrency market.
Reported a double-spend flaw affecting Tether leads to Bitcoin price to slip below $6000
The Malta parliament passes three bills on digital currencies and blockchain technology, establishing a supervising authority, alongside implementing friendly crypto legislation.
The Hong Kong Securities and Futures Commission makes several comments about the crypto market as part of their 2017-2018 annual report, and promises to ‘keep a close watch’.
This move comes in response to the strict regulatory measures that the Japanese regulatory FSA has recently introduced.
Authorities in the U.S have seized Bitcoin (BTC) worth more than $20 million as part of a long-running underground operation targeting illegal activities on the internet.