Tag Archives: Crypto Exchange

The merits and demerits of Hong Kong’s SFC resolutions and their impact on the crypto industry

  By David Drake   Global popularity of cryptocurrencies is undisputable. However, differences in the way digital assets are handled and the disparities across crypto exchanges have been on the rise, making it necessary for countries to develop regulations. In Hong Kong, the Securities and Futures Commission (SFC) intends to regulate the crypto market to prevent possible digital currency fraud. […]

Why Hong Kong’s Crypto Regulations Favor Institutional Investors

  By David Drake   While the western world grapples with decisions concerning cryptocurrency and governance, the Asian community is forging ahead. Hong Kong’s Securities and Futures Commission (SFC) is not derailed by indecision. Just recently, the commission announced favorable regulations towards cryptocurrencies. The country’s financial agency unveiled a comprehensive list of rules in an unprecedented move that could see […]

Can Hong Kong Strike a Balance Between Innovation and Investor Protection in its Crypto Regulation?

  By David Drake   The cryptocurrency industry has achieved significant milestones in recent years as it strives to go mainstream. However, for its potential to be fully realised, the industry needs to overcome several challenges. Arguably, the regulation cloud hovering over the industry is the most significant challenge there is. The industry achieved tremendous growth when it was operating […]

Binance Moves to Uganda Just Weeks After Launching Tests on Beta Version in Singapore

  by David Drake    Just weeks after rolling out the testing phase for a Beta Version of the Singapore Fiat Exchange, Binance is on the news again having opened its first fiat-crypto exchange in Uganda this week. According to a press release by Binance Uganda, the newly launched branch is set to begin operations shortly, allowing users to make […]

Self-Regulation: What Virtual Commodity Association and Blockchain Exchange Commission Should Really Focus On

  by David Drake     Cryptocurrencies and blockchain have become the talk in tech circles in recent years. This has raised concerns with respect to cryptocurrency regulation for industry players and governments alike. This is because blockchain, the technology that underlies cryptocurrencies, has particularly captured the attention of developers and paved way for innovations that seek to solve challenges across […]

Japan Ramps Up Regulations Following Hacking at Zaif

  By David Drake   Cryptocurrencies and their underlying technology, blockchain, have made it possible for developers to innovate solutions for pressing problems in different sectors. This has caused an emergence of startups such as Gath3rthat makes digital monetization easier, HFC Coin that provides blockchain backed solutions in the mortgage industry and LiveTradr that is focused on portfolio optimization. At the same time, blockchain technology […]

What Critical Cryptocurrency Issues Should Self Regulation Organizations Address

  By David Drake   Lack of structured regulations to guide the cryptocurrency industry has been a major hindrance towards the adoption and mainstreaming of the cryptocurrencies. Due to the lack of such regulations, the cryptocurrency ecosystem has had its fair share of losses via scam activities. Such activities have also brought disrepute to legit businesses in the cryptocurrency space. […]

With Tight Screening Procedures, Will Japan’s Crypto Exchange Security Improve?

  By David Drake   Across the globe, cryptocurrencies and blockchain are increasingly gaining popularity. As such, business startups are using blockchain technology to develop services and products. Such companies include HFC Coin that provides blockchain-backed mortgage solutions, URAllowance, the family smart contracts platform, LiveTradr, a portfolio optimization project,  Qupon, the digital coupon marketplace, and Gath3r, a digital monetization platform. Japan is one of the […]

Will Dropping Some Currencies from Exchanges Reduce Crypto Cyber Crime?

by David Drake According to Forbes, Japan’s Financial Services Agency (FSA) has quietly been pressuring cryptocurrency exchanges to stop trading digital currencies that tend to be favored by underworld users. The FSA argues that currencies such as Monero (XMR), Zcash (ZEC), and Dash (DASH) are ideal for money laundering because it is extremely difficult to track them and identify recipients. A […]