Calls into chaos. This nationwide clampdown is a crucial

Calls for Cryptocurrency
Regulation

Governmental leaders from around the globe
have put cryptocurrencies such as Bitcoin in their sights, calling for more
regulation and taxation in order to prevent them from being used for criminal
activity.

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Lawyer files PIL on
Cryptocurrency

Bivas Chatterjee, a Kolkata-based lawyer, has
filed a public interest litigation (PIL) seeking to force action on the
regulation of cryptocurrency in India. He is demanding that a legal framework
for cryptocurrencies be implemented across the country. In this petition, he
outlines the vitality of a structured rule system due to the relationship
between cryptocurrencies and criminal activities such as money laundering.

 

Path of Cryptocurrency
Regulation is ‘Clear as Mud’:
Norm Champ; BANKING/FINANCE

Securities industry regulators continue to
issue warnings about the high demand for cryptocurrencies as prices continue to
fluctuate. As a result of these wild markets swings, it is becoming
increasingly inevitable that regulators must come to an alliance in order to
create more stability for future investors.

 

Global Crypto Regulations
‘May Take Years’, experts warn

The cryptocurrency environment currently
remains largely unregulated in most jurisdictions worldwide. Due to their more
favourable attitudes, Singapore, Switzerland and other developing
countries have paved the way towards issuing the first comprehensive
cryptocurrency regulations. This in turn, allows for more financial
technology companies to commence operation in a world increasingly focused on
cryptocurrencies. However, experts believe this process ‘may take years’ and
have announced that they will focus on initiating practices that generate
enough risk to warrant a regulatory response.

 

Payments; Business
ombudsman Titov advises entrepreneurs to engage in cryptocurrency operations

Brois Titov, a business ombudsman, has
announced his belief that entrepreneurs need to immerse themselves in
cryptocurrency markets as they are mostly unregulated. He notes that certain
rules must be introduced that encourage the development of this area, and
guarantee to the state that investor rights will be protected.

 

OFFICIAL: No
Cryptocurrency Trading Ban in South Korea, Government Says

The official residence of the South Korean
President, The Blue House, has announced that cryptocurrency trading will be
temporarily prohibited. South Korea’s plans to ban virtual exchanges are yet to
be finalised as government agencies are still in negotiation on how they will
regulate the market. This decision caused Bitcoin’s price plummeting and sent
the virtual coin market into chaos. This nationwide clampdown is a crucial
source of global demand for cryptocurrency, foreshadowing the continued
struggle for regulators worldwide who battle to govern an asset whose value has
skyrocketed in recent months.

 

DAFZO to Disrupt
logistics industry with its patented Technology

DAFZO, a UK-based start-up plans to disrupt
the USD 8,797 billion logistics industry with its patented technology, after
recently filing for an application in the UK and Europe. As the world’s first
block chain-based global P2P Logistics platform, it proposes a more
cost-effective ecosystem which creates additional benefits for users by
reducing the Turn Around Time (TAT) of shipment and the hefty transaction fee
of financial intermediates.

 

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