Posts tagged as cryptocurrency

Estonian FinMin working on cryptocurrency regulation

Thursday, November 21, 2019

First part of its plan to introduce cryptocurrency regulation in Estonia, the Ministry of Finance has asked market participants about different options for regulating cryptocurrencies. “In Estonia ever greater amounts of capital are raised by means of novel technological solutions, and often these technologies are based on cryptography. Raising capital in this manner is generally not regulated, however, and the rights of investors are not sufficiently protected. Therefore the ministry has…

Lithuania’s cryptocurrency market was worth EUR 660 mln in 2017

Saturday, October 6, 2018

Major transactions, worth around 660 million euros, have been carried out on the Lithuanian cryptocurrency market since the start of 2017, done by 542 natural and legal persons, an analysis by the country’s Financial Crime Investigation Service has shown, referred LETA/BNS. SEB, Swedbank, Luminor, Danske Bank and Citadele banks as well as companies Pervesk and Mister Tango serviced clients which carried out operations with cryptocurrencies over that period, according to figures provided to journalists by FCIS on…

Korea Will Regulate Cryptocurrency Exchanges Like Commercial Banks, Legitimizing Industry

Tuesday, June 12, 2018

The Korea Financial Intelligence Unit (KFIU) and other local financial agencies will regulate cryptocurrency exchanges like banks, imposing strict anti-money laundering (AML) policies to ensure criminals do not utilize cryptocurrencies to finance illicit operations. Similar to Japan During the Policy Advisory Council meeting held on June 8, KFIU director Kim Geun-ik led an extensive discussion on existing money laundering and terrorist financing prevention regulations and proposed stricter policies for both…