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.


Iranians Embrace Cryptocurrencies As the US Abandons Nuclear Deal

According to the New York Times, the US’s exit from the Iran Nuclear Deal will result in the reinstating of US sanctions the US...

Cryptocurrency to Be Considered As Financial Tool by Securities Regulator in...

At the end of the annual conference of the International Organization of Securities Commissions (IOSCO) on crypto and Initial Coin Offerings (ICOs), the head...

Upbit Suspected of Fraud – Korean Prosecutors Raid Headquarters for Hard...

The prosecutors entered Upbit's headquarters in Gangnam-gu, Seoul, yesterday, according to a report from etoday.co.kr. Hard Drives and Accounts Taken The seizure continues into today with the Seoul...

Australia One Step Closer to Incorporating Blockchain in the Government Machinery

After much consideration and evaluation, Australia seems to be finally ready to bet big on the still-nascent realm of blockchain technology. As a first...

US Congressman Describes Blockchain As ‘World-Changing’

On May 8, 2018, the Subcommittee on Oversight and the Subcommittee on Research and Technology invited four witnesses, two from the public sector and...

European Crypto Exchanges Fight for Transparency Amid Regulation

In a market that has been growing and profiting from its lack of rules, it is surprising to hear European crypto exchanges came forward...

Anti-crypto New York Attorney General Schneiderman Resigns Amid Abuse Allegations

The outspoken figure of the #MeToo movement against sexual harassment finds himself in an unpleasant situation after an explosive article by the New Yorker....

India’s Assam Government Partners With Blockchain-based Id System Nucleus Vision

The Government of Assam is one of the first state governments in India to leverage the blockchain to create decentralized applications and citizen facing-programs...

South Korea Could Legalize ICOs Anytime Soon

South Korea's economy has had one of the biggest economic transformations over the past 60 years, and it is expected to grow beyond its current...

A Federal Reserve Cryptocurrency? Former Fed Governor Says This Idea Deserves...

As the New York Times reports, Warsh said that if he had returned to the Fed, he would have put a team together: “to think...

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