A long-standing moratorium that has prohibited the sale of electricity to cryptocurrency miners in Quebec may soon come to an end. Local news outlets are reporting that the Quebec government is softening its attitude toward digital assets. It is anticipated that Minister of Energy Pierre Moreau will make a pubic…
40 posts tagged
Government Regulation
Bitcoin, Ethereum, and all other altcoin cryptocurrencies follow varying government regulation around the world. 99 Crypto reports on regulatory cryptocurrency news as it unfolds.
Regulated Guidelines Are Making the Future of Cryptocurrencies More Prevalent
The exchange market surrounding cryptocurrencies is becoming more and more prevalent in our current economy, and this has naturally drawn different regulating bodies within the US to prepare necessary guidelines. Each body views cryptocurrencies as a different form of asset such as: properties, commodities, and securities. Each department has a…
Fraudulent cryptocurrency exchanges are under fire by finance regulatory groups
Securities regulators in states and provinces inside the U.S. and Canada recently launched investigations into what some believe are fraudulent crypto investment enterprises. Named "Operation Cryptosweep," this push is said to be the most significant initiative of its type in terms of coordination between provincial and state…
New WeChat App Xiao Xieyi Banned by Chinese Government at Rollout
Recently, Xiao Xieyi launched on the WeChat platform as an app. The service is designed to let WeChat users create contracts between each other. A unique user ID is assigned to each person, and blockchain technology is used to run the entire service. It's an incredibly useful feature that many…
The National Bank of Ukraine Addresses Cryptocurrency
In August 2017, the National Bank of Ukraine made an official statement on cryptocurrencies. Ukraine's central bank pointed out that only the country's official currency could be used for payments. Then the bank mulled creating a digital version of Ukraine's official currency, the hryvnia, in January 2018. Like most countries,…
A large cryptocurrency account was closed in 2017. Here's why
Nordea Bank closed the account of Bitmynt AS toward the end of 2017. Bitmynt AS is a Norwegian-based cryptocurrency exchange with a fairly large user base. In December 2017, its founder, Sturle Sunde, sued Nordea Bank for the illegal closure of its account. Months went by as the case developed,…