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Crypto Regulation News Weekly Digest: SafeMoon Executive Charges and FinCEN’s Mixing Service Proposal
7.11.2023
Last week saw major regulatory actions against crypto mixing services and alleged fraud along with pushback from lawmakers. Image by Andrii, Adobe Stock. The cryptocurrency industry increasingly finds itself under the purview of regulators striving to balance innovation with consumer protection...
Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here's What You Need to Know
15.9.2023
Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services.
The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA...
‘Bitcoin is not an asset that is designed to be leveraged’ says Caitlin Long
14.6.2021
Avanti Financial CEO says Bitcoin shouldn’t be leveraged, while regulations for stablecoins are underway
Kentucky Lawmakers Approve House Bill Providing Tax Break for Crypto Miners
3.3.2021
The bill, aimed to encourage the crypto mining industry in the state, now goes to the upper house for review
New Jersey Crime Watchdog Says Crypto ATMs Need More Regulation
19.2.2021
State regulation of crypto ATMs is poor and federal laws aren't much better, the commission said in a report
BitPay to Pay $500K to Settle OFAC Sanction Violation Charges
18.2.2021
BitPay is accused of facilitating over 2,100 transactions with individuals in sanctioned nations
Russia’s Digital Ruble Model to Get Bank-Friendly Redesign
18.2.2021
Banks had feared being drained of liquidity under the original concept for the digital currency
Kia Motors America Victim of Ransomware Attack Demanding $20M in Bitcoin, Report Claims
18.2.2021
BleepingComputer claims to have evidence that the ransomware gang DoppelPaymer is demanding 404 BTC from the car firm
Switzerland’s ‘Crypto Valley’ Has Started Accepting Bitcoin, Ether for Tax Payments
18.2.2021
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs
Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police
18.2.2021
Police seized 1,746 bitcoin mining machines across 21 premises in raids this week
Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin
18.2.2021
Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts
Russia’s Crypto Tax Bill Passes First Reading at State Duma
17.2.2021
The bill proposes to recognise cryptocurrency as property for purposes of taxation
Coinbase Hires Former Stripe Exec as Chief Compliance Officer
17.2.2021
Melissa Strait will take charge of Coinbase's compliance initiatives ahead of its planned public listing
India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report
17.2.2021
A senior Finance Ministry official told a newspaper that taxation does not necessarily imply legality
World’s Oldest Central Bank Extends Digital Currency Test Till 2022
17.2.2021
Sweden's Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year
Head of St Louis Fed Says Bitcoin Not a Challenge to US Dollar’s Global Dominance
17.2.2021
James Bullard also likened bitcoin to gold as a safe-haven asset
NYDIG Files for Bitcoin ETF, Adding to Firms Hoping 2021 Is When SEC Finally Says ‘Yes’
16.2.2021
The filing comes on the same day as bitcoin hit $50,000 for the first time ever
Russia’s Lower House to Consider Bill on Crypto Taxation This Week
16.2.2021
If passed the bill would amend tax laws to recognize digital currencies as a form of property
Russian Mobile Operators Eye Payments Services, Wallets for Digital Ruble
16.2.2021
Some telcos are looking at developing a digital wallet that would link the digital currency to users' mobile phone numbers
Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Fraud
16.2.2021
The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase