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Indian regulator probes crypto exchange for alleged forex law violations
19.7.2021
The Directorate of Enforcement issued a show-cause notice to the crypto exchange for allowing clients to transfer cryptocurrencies without following the law of the land
Turkey’s crypto bill ready for parliament, says Deputy Minister of Finance
19.7.2021
The legal draft places a minimum capital requirement for crypto businesses operating in Turkey
Unconfirmed Stablecoin Report Brings Confusion Amid Bukele’s Bitcoin Law
19.7.2021
A Salvadorian economist has hit out at President Nayib Bukele and his younger twin brothers – after a report claimed that the Bukele family has been secretly planning the release of a stablecoin and a crypto wallet.
Per El Diario de Hoy’s website ElSalvador.com, economist Tatiana Marroquín,...
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
18.7.2021
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar...
Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been a FIFA Bot Farm
18.7.2021
A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground crypto farm” found to date but media reports...
Malaysia is literally crushing thousands of illegal Bitcoin miners
16.7.2021
It’s unclear why authorities outright destroyed the miners rather than attempting to reap some value, but they could still be sold for scrap
U.S. financial agencies will meet to discuss the future impact of stablecoins
16.7.2021
They intend to discuss the regulation of stablecoins, as well as the technology's potential benefits and risks
Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions
16.7.2021
Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. Money Laundering...
Retro Game Releases Could Get Much Needed Help In Japan
15.7.2021
Japanese copyright law can make re-releasing some old games difficult, if not impossible. A new copyright system could change that. According to Game Spark and Yomiuri Shimbun, a new copyright system has been proposed in Japan for works where the copyright holder is unclear. The plan would...
Shanghai Law Enforcement Officials, Scholars Talk Cryptocurrency
14.7.2021
Representatives of law enforcement agencies and academia in Shanghai held a seminar devoted to cryptocurrencies, regulations, and the combating of crypto-related crime. Determining “the legal attributes of virtual currency” was among the main topics at the forum which also focused...
Blockchain Groups From Major Universities Are Powerful Voters in Defi Governance Protocols
14.7.2021
Data shows a number of groups from major universities are participating in decentralized finance (defi) governance. For instance, out of 15 of the largest voters in Uniswap’s last governance proposal, six of the major voters were tied to universities like Harvard, Berkeley, Stanford, Penn...
Police Set New UK Record Seizing £180 Million Worth of Cryptocurrency
13.7.2021
Britain’s Metropolitan Police have seized a staggering £180 million in cryptocurrency as part of a money laundering investigation. The announcement comes just weeks after Scotland Yard confiscated £114 million in crypto, breaking the previous record. UK Police Discover £180...
Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date
10.7.2021
The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game...
NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands
10.7.2021
On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service...
Man Arrested For Selling Modded Zelda Save Files
10.7.2021
A 27-year old man in Japan was arrested after he was caught attempting to sell modified Zelda: Breath of The Wild save files. Read more
SEC charges individuals connected to former iced tea-turned-mining company
9.7.2021
According to the regulatory body, an investor was tipped off that the company would be rebranded, a move that resulted in a huge surge in Long Blockchain's stock price
Studio Behind Demon Slayer Anime Indicted For Tax Evasion
9.7.2021
Tokyo prosecutors have indicted anime studio Ufotable and its founder Hikaru Kondo for evading around $1.2 million in taxes. NHK and ANN News reports that between 2015 and 2018, the studio and Kondo hid around 4 million dollars in company earnings. According to sources, the president had a secret...
Controversial New Overseas Crypto Declaration Law Approved in Spain
8.7.2021
Source: Adobe/Hugh O'Neill
The Spanish parliament has approved a controversial new law that will force Spaniards to declare their overseas crypto holdings – as part of a bid to wipe out crypto-related fraud carried out on platforms based outside the country.
The law, which brings crypto into...
Argentine Lawmaker Presents Bill Enabling Workers to Receive Salary in Cryptocurrency
8.7.2021
A bill has been introduced in Argentina to allow workers to receive their salaries in cryptocurrency. He explained the idea is that workers “can strengthen their autonomy and conserve the purchasing power of their remuneration.” Argentina’s national deputy for the Mendoza...
South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law
8.7.2021
A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July...