Tag Archives: Digital Currency

Will Other Countries Adopt UK’s Approach of Developing Strategy for the Fintech Sector?

by David Drake The UK has recently been making strides in the cryptocurrency market. Earlier in the year, the UK treasury committee launched an enquiry into cryptocurrencies to determine how they would impact businesses and investors. In another significant move, the UK government developed its Fintech Sector Strategy (FSS) that factors crypto-assets and launched it on March 22, 2018. As […]

Why the Crackdown on Exchanges Is Good for the Cryptocurrency Industry

by David Drake Regulators in different parts of the world have turned their attention to cryptocurrency exchanges. In Japan, the financial regulator, the Financial Services Authority (FSA), recently suspended operations in two crypto exchanges for a 30-day period. The agency also issued orders to five other digital exchanges, requiring them to improve their business operation systems. The five exchanges included […]

What Effects will Ad Bans by Tech Giants have on the Crypto Industry?

by David Drake SkyNews has recently reported that Twitter plans to ban adverts that are related to cryptocurrencies on its platform. This comes after similar were taken by Facebook in January. Google has also made public its intention to disallow all cryptocurrency-related adverts on is platform starting June this year. These actions by the giant tech companies are expected to reduce […]

Why Crypto Ad Bans will not Affect ICO Companies Significantly

by David Drake The crypto craze has become one of the biggest trends in the business sector in recent  years. It has grown from a buzzword to a bubble and is now going mainstream, which explains the many startups being established and existing businesses integrating cryptocurrency and blockchain in their business models. It is a revolution whose time has come, […]

Google, Twitter and Facebook Ad Ban: Is it Good for the Crypto Market in the Long Run?

by David Drake In a recent announcement, Google’s Sustainable Ads Director, Scott Spencer, said his company will be updating its policies on financial service-related advertising to disallow adverts related to cryptocurrency content. Soon after Google made public its decision to ban crypto-related adverts, another giant social networking platform, Twitter, announced its intention to disallow such adverts in less than a […]

What are the Pros and Cons of Crypto Ad Bans by Google and Twitter?

by David Drake The cryptocurrency industry is slowly becoming a booming ecosystem that has started to go mainstream. Recently, two multinational companies indicated their intention to incorporate blockchain technology and cryptocurrencies in their business models. This is an affirmation that cryptocurrencies are here to stay despite the fact that security and regulation concerns exists. But the gains realized in the […]

Comply or Move Out: Regulators’ Strong Message to Crypto Exchanges

by David Drake The Japanese government has made major strides towards the acceptance of cryptocurrency. Japan is among the countries that recognize Bitcoin as legal tender with over 30% of world Bitcon dealings being conducted in Yen. With this kind of positive outlook, Japan is poised to become a cryptocurrency capital in Asia, and even the world over. Despite the […]

Recent Hacks on Crypto Exchanges Fuel Increased Government Intervention

by David Drake Japan has cracked down on two crypto exchanges and issued a warning to five others, after Coincheck lost over $500 million to hackers in late January. During the heist,hackers accessed hot wallets and made a series of transfers before they were eventually stopped. Japan was the first country to institute regulatory measures to govern cryptocurrencies in October […]

Why Crypto Exchanges Crypto Business Needs Stringent Regulations

by David Drake Regulation is one of the factors that has been linked to the unprecedented plunge of Bitcoin prices since December of last year. However, Bitcoin, the biggest cryptocurrency by price and market cap, is expected to gradually bounce back. Growth in the cryptocurrency industry has largely been spontaneous, generating mixed reactions on its sustainability. By the end of […]

Regulators Crackdown on Crypto Exchanges in the U.S and Japan, What Can we Expect Next?

by David Drake Financial Services Agency (FSA) in Japan has suspended trading in two exchanges and issued orders to five other trading platforms to improve their system security. This move has come after a probe was launched into a $530 million heist on Coincheck’s crypto platform. In the U.S, the Securities and Exchange Commission (SEC) has issued warnings to cryptocurrency exchanges claiming […]