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.


For the First Time, Blockchain Technology Endorsed by the U.S. Congress...

The Joint Economic Committee Congress of the United States of America, issued last March the 2018 Joint Economic report. Under its Chapter 9, “Building...

Centra Tech Founders Charged for Fraud by SEC – DJ Khaled...

With the aim of tricking investors, start-up company Centra Tech made the public believe that it was having a partnership with credible companies like...

State Duma Close to Regulation, Iran Wants Its Own Token

The Head of the Commission for Economic Affairs of the Assembly of the Islamic Council of Iran, Mohammad Reza Purebrakhimi, said in an interview that...

India Looks to Levy GST on Cryptocurrency Trading

According to Bloomberg, an anonymous person with direct knowledge of the situation mentioned that India’s Central Board of Indirect Taxes and Customs had proposed...

Bitfinex to Hand Over Customer Data to Government

Bitfinex started to send out emails to all its customers recently. The email informs that they will start reporting certain information from its customers'...

Wyoming Changed Its Laws to Attract Cryptocurrency Startups

The cowboy state's Republican Governor Matt Mead signed a number of laws that are set to attract the booming crypto industry to the state. The...

Singapore Leading the Way in Blockchain Adoption

Despite being a small island nation with a population of only 5.6 million people, it’s an international fintech hub with over 200 banks and...

South Korea Follows G20 and Decides to Go Easier on Crypto

Recently, the G20 decided to recognize cryptocurrencies as financial assets by applying the standards of the Financial Action Task Force (FATF). The FATF was initially...

The Reserve Bank of Zimbabwe Issues a Ban on All Cryptocurrency

The Reserve Bank of Zimbabwe (RBZ) imposed a ban last Friday on all cryptocurrency related activities in the country. All the financial institution under...

Venezuela Finds a Way of Circumventing US Sanctions on Petro

Petro has received a major boost after a Russian bank reportedly defied US sanctions on Venezuela after it enabled investors to download an e-wallet...

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