Summary: Sorting out the changes in regulatory policies of the cryptocurrency industry in various countries in June

Introduction:

With the frequent theft of cryptocurrency exchanges, countries are paying more attention to the regulation of the cryptocurrency market. Many domestic financial analysts also said that speculators have spawned a large number of asset bubbles, which is the main reason for governments to strengthen the supervision of bitcoin, and it is expected that the supervision of bitcoin will continue to be strengthened in the future. For blockchain companies going overseas, it is very important to pay attention to local policies and respond to compliance in a timely manner. Here, Beluga Finance has sorted out the regulatory policies introduced this month, so that everyone can keep abreast of them.

印度：预计 7 月初将实施加密货币监管

比特币 6 月 26 日消息中国对加密货币的最新政策，印度财政部经济事务部长 Subhash Chandra Garg 发表声明称，新的加密货币法规可能会在 7 月初出台。他还表示，目前的草案已经起草完毕，计划在 7 月的第一周与委员会成员讨论。并透露，委员会在监管便利化方面取得了长足进步。

早前有报道称，印度监管机构的角色已经确定，新规即将出台中国对加密货币的最新政策，但后期没有具体的实际情况支持。但是，如果该草案获得通过，则每笔虚拟货币交易都需要保留 KYC 和交易记录。

Regulating the cryptocurrency trading market is the common demand of various countries after entering 2018. Especially this month, two cryptocurrency exchanges in South Korea were hacked and virtual currencies were stolen. The rights and interests of exchange users are also not guaranteed. Therefore, in order to protect the rights and interests of users and solve the illegal behavior of money laundering through exchanges, various countries have introduced regulations or programs related to cryptocurrencies. In June, the digital currency market, which was already in a downturn, was hit again because exchanges were stolen. With the emergence of problems, the government has introduced policy supervision, and the tightening of supervision has stimulated the digital currency market. This forms such a small cycle.

日本：彻底改革加密货币交易业务以防止洗钱

6月22日消息，日本金融厅责令包括日本最大的数字货币交易所bitFlye在内的6家加密货币交易所进行业务整顿。bitFlye交易所立即宣布暂停开立新账户并进行整改，特别是在其反洗钱和控制恐怖资金来源方面。尤其是在反洗钱方面。

韩国：金融情报部门直接监管的加密货币交易所

On the 15th of this month, there were also regulatory actions in South Korea. South Korea's Financial Intelligence Unit (FIU) held a meeting of its Anti-Money Laundering Policy Advisory Committee, which focused on measures to combat money laundering and terrorist financing. The meeting proposed that regulators monitor crypto exchanges through banks, bringing cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. Because cryptocurrencies are not considered financial assets in South Korea. This will force cryptocurrency exchanges to comply with anti-money laundering directives like banks do. This is the first time a government agency has said it will oversee a cryptocurrency exchange. If the proposal passes, cryptocurrency exchanges will be obliged to monitor transactions suspected of money laundering and report them to South Korea’s financial intelligence agency.

波兰：为加密货币交易所引入新法案

6 月 10 日，据报道，波兰政府将于 7 月 13 日实施一项涉及加密货币交易的新法案。该法包含约束称为“义务机构”的特殊实体的条款。义务机构的具体情况暂时详细披露，但据悉主要包括加密货币的买卖和出售数字资产的公司。

泰国：加密货币交易所、ICO 等受 SEC 监管

On June 7, Thailand’s Securities and Exchange Commission adopted detailed rules on the regulatory framework for cryptocurrencies and ICOs, including license requirements, fees, and more. ICOs, cryptocurrency exchanges, brokers, dealers and other agencies approved by the Ministry of Finance are all subject to the supervision of the Thai Securities and Exchange Commission. Thailand allows ICOs for 7 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Ripple and Stellar. In addition, the ICO issuance must also be approved by the Securities Commission, and the token issuer must clearly state the type of tokens to be issued and the relevant investment information.

Spain: Draft legislation to regulate cryptocurrencies is introduced and supported by multiple parties including the People’s Party

Earlier on June 1, it was reported that the Spanish parliament unanimously passed a draft legislation supporting the regulation of blockchain technology and cryptocurrencies. The draft, which calls for a review of regulations on cryptocurrencies such as bitcoin and blockchain, proposes the introduction of a "controlled testing environment" technology, also known as a "regulatory sandbox," to the Spanish market. The draft also recommends that the Spanish government cooperate with the National Securities Market Commission and the Bank of Spain to achieve common regulation of cryptocurrencies in Europe. The People's Party, which has a majority in Spain's parliament, agreed with the draft's proposals, as did other parties.

国元证券分析师李芬表示，比特币及其衍生ICO市场混乱，吸引大量投机者，催生大量资产泡沫，是各国政府加强对比特币监管的主要原因。预计对比特币的监管将继续加强。