Government & Regulation News

Here at [blokt], you can stay up to date on how Governments & Regulations are affecting the crypto industry. [blokt] is a leader in cutting-edge cryptocurrency news, at the forefront of blockchain technology, bringing you the latest developments daily.

Bitcoin, cryptocurrencies, and blockchain technology are known for being decentralized, which means they operate without any central controlling party. This means they are free from the control of governments and regulations to a certain extent. But, while a Bitcoin transaction, for example, may not need the approval of a government or a centralized bank to occur, the crypto industry isn’t completely immune from the power that these entities wield.

The crypto industry has the potential to disrupt the financial world as we know it, along with many other sectors. Cryptocurrencies could compete with fiat currencies, potentially taking some power away from governments. All in all, there will be winners and losers upon the rise and success of the industry. And those in power will do what they can to protect their interests.

Various governments around the world have either banned cryptocurrencies or put in place strong regulations that severely restrict their use. Whereas, other countries have embraced the industry and put in place crypto-friendly regulations that help to foster innovation. In 2018, Malta put in place three supportive Bills that regulate blockchain and provide legal certainty. In 2019, US President Donald Trump tweeted that he was “not a fan of Bitcoin and other Cryptocurrencies,” and China announced that it plans to ban cryptocurrency mining.

Each of these events can shape the industry as a whole and influence how it develops with the potential for far-reaching positive or adverse effects. New information relating to governments or regulations in the crypto industry can also be price-sensitive, serving to either help or hurt speculators and investors in the space. That’s why our journalists at [blokt] always report on all the latest government & regulation news in a timely manner.


US Bitcoin & Treasury Investment Trust Files Amendment No.3 to Its...

The United States Bitcoin and Treasury Investment Trust, also known as the "Trust" filed an amendment No.3 with the United States Securities and Exchange...

Andrew Yang Pitches Himself as the Presidential Candidate for the Crypto...

Andrew Yang, a United States presidential candidate running for the Democratic Party, has come out to air his support for cryptocurrencies and their underlying...

Democratic Congressman Wants to Ban Cryptocurrencies to Keep U.S. International Power

Bradley James Sherman, a Democratic Representative from California, is urging the other Congressmen to join him and work towards outlawing cryptocurrencies in the United...

Cryptocurrencies Excluded From India’s Fintech Regulatory Sandbox

The Reserve Bank of India (RBI) has published its Fintech Regulatory Sandbox report. While cryptocurrencies could be included in the future, the bank noted...

America’s Missoula County Plans to Regulate Cryptocurrency Miners Due to Environmental...

United States’ Missoula County, also referred to as a hub of five valleys, is planning to regulate cryptocurrency miners so that they comply with...

SEC Chair Jay Clayton Provides Additional Clarity on the Status of...

Cryptocurrency regulation is evolving, and gradually things are becoming clearer. Recently, the Chairman of the US Securities and Exchange Commission stated that a digital coin which...

Indian Government Fears That Cryptocurrencies Could Destabilize the Rupee

The Indian government is looking into the impact of digital currencies and worried about the consequences for the Rupee. The high-level panel assigned with the...

Tangem Will Produce Blockchain-based Physical Banknotes for the Marshall Islands

Smart card wallet maker Tangem announced today that it would be issuing physical banknotes of the sovereign (SOV) currency for the Marshall Islands. The physical banknotes...

Iran’s Efforts to Launch State-backed Crypto May Finally Materialize

Sanctions from the US have hurt the economy of Iran, which has been pushed out of the global financial system. The Islamic Republic is looking...

Kuwait Financial House Launched an Instant Cross-border Remittance Service Using Ripple’s...

Kuwait Financial House announced in a tweet last week that the company started operating an instant cross-border remittance service through Ripple’s blockchain. The service was...

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