China’s PBOC Cracks Down on Bitcoin Exchanges: New Fees and Stricter Oversight Reshape the Crypto Market
On January 26, 2017, the cryptocurrency world was watching Beijing. The People’s Bank of China (PBOC) had launched an unprecedented […]
Regulations
Cryptocurrency regulation, policy changes, and legal developments
Israel Publishes Draft Circular on Cryptocurrency Taxation as Global Regulators Scramble to Define Digital Assets
The Core Argument On January 22, 2017, Israel’s tax authority published a landmark draft circular addressing the taxation of activities
Bitcoin Investment Trust Halts Private Placements and Files for SEC Registration: A New Chapter for Institutional Crypto
The Legislative Move On January 19, 2017, the Bitcoin Investment Trust—sponsored by Grayscale Investments, a subsidiary of Digital Currency Group—took
The Ruling That Could Expose Every Bitcoiner: IRS vs Coinbase Legal Battle Intensifies
The Ruling In a case that could reshape the relationship between cryptocurrency users and tax authorities worldwide, the Internal Revenue
CFTC Commissioner Giancarlo Calls for Do No Harm Approach to Bitcoin Regulation in Landmark SEFCON VII Address
The Legislative Move On January 18, 2017, CFTC Commissioner J. Christopher Giancarlo delivered what may become the most consequential regulatory
Nigeria Bans Bitcoin Transactions as Global Crypto Regulation Diverges Sharply
On January 17, 2017, the Central Bank of Nigeria (CBN) issued a sweeping circular that prohibited all banks and financial
How Leverage and Wash Trading Fueled Bitcoin’s Rise to $1,257 and the PBOC’s Decision to Intervene in January 2017
The spectacular rise and equally spectacular fall of bitcoin in early January 2017 was not merely a story of supply
PBOC Targets BTCC, Huobi, and OKCoin: How China’s Regulatory Blitz Reshaped Bitcoin Markets in January 2017
When officials from the People’s Bank of China walked into the offices of BTCC, Huobi, and OKCoin on January 11,
China PBOC Crackdown on Bitcoin Exchanges Triggers Global Regulatory Awakening
The Core Argument The People’s Bank of China has drawn a line in the sand. In a series of coordinated
Inside the BTCC Response: How China’s Biggest Bitcoin Exchange Fought to Survive the PBOC Probe of January 2017
When the People’s Bank of China descended on the country’s three largest Bitcoin exchanges in early January 2017, the cryptocurrency