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NY State Supreme Court dismisses petition against crypto mining company
8.4.2022
The judge ruled that the petition lacked merit as he didn’t find proof of the environmental harm
Russians collectively hold $130B in crypto, prime minister says
8.4.2022
Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation
Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets
7.4.2022
"Digital asset exchanges and other digital native intermediaries — they should be subject to appropriate forms of oversight,” said Janet Yellen
Toomey drafts bill to exempt stablecoins from securities regulations
7.4.2022
The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations
Sweden’s central bank completes second phase of e-krona testing
6.4.2022
The Swedish CBDC is now technically ready for integration with banks and payment service providers, according to a report from Riksbank
Tourism Minister of El Salvador Reiterates Effect Bitcoin Has Had on the Sector
5.4.2022
Morena Valdez, the tourism minister of El Salvador, has spoken on the recovery the tourism sector of the country has reportedly experienced even after the Covid-19 pandemic. According to Valdez’s statements, tourism has greatly benefited from the introduction of bitcoin as legal tender...
Germany Shuts Down Hydra Market, Seizes Servers and Bitcoin
5.4.2022
Law enforcement agencies in Germany have targeted Hydra, a leading darknet market (DNM). As part of an operation conducted with U.S. support, the German police were able to establish control over the servers of the Russian-language platform in the country and take down its website. Investigators...
US lawmakers introduce companion bill to 'mitigate risks' from El Salvador’s Bitcoin Law
5.4.2022
"The United States must have a plan in place to protect our financial systems from the risks of [El Salvador's] decision," said Representative Norma Torres
Singapore aims to streamline financial watchdog's authority over crypto firms
5.4.2022
"We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets," said Alvin Tan
Feds Seize $34 Million in Crypto From Unidentified Florida Man
5.4.2022
On April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that law enforcement seized $34 million in crypto assets from an unidentified man living in Florida. According to the DOJ, the man allegedly conducted more than 100,000 sales on darknet...
Singapore Tightens Crypto Rules with New Law on Licenses for Virtual Asset Firms
5.4.2022
In a bid to enforce tightened rules for crypto businesses, Singapore’s unicameral parliament has passed a law that will oblige virtual asset service providers (VASPs) to apply for licenses.
The latest development extends the country’s regulations on anti-money laundering and countering...
New Singapore Crypto Law Requires Overseas-Only Operators to Be Licensed: Report
5.4.2022
The city-state'sTuesday passage of the law means such companies will have to meet anti-money laundering and anti-terrorism measures to which they were not previously subjected
Can India’s Controversial New Tax Law Be Challenged in Court? Yes, Say Crypto Lawyers
5.4.2022
Law Decoded: ‘Unhosted’ wallets are just ‘wallets,’ March 28–April 4
4.4.2022
Yet another regulatory attack on self-hosted wallets, a digital dollar with privacy protections, and more of the same for spot BTC ETFs
Coinbase to invest in Indian crypto and Web3 amid tax regulation clarity
4.4.2022
Coinbase Ventures will conduct an in-person pitching event in Bengaluru to help accelerate India's financial inclusion goals via crypto and Web3 investments
Celebrity tokens: Signs of rising crypto adoption in Indonesia
3.4.2022
Some of Indonesia's best-known celebs have helped fan the flames of interest in digital assets
India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
2.4.2022
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow losses to be offset against gains. New Crypto Tax Rules in Effect The new crypto tax rules entered into force on April 1 after...
Skewed data: How could a new US law boost blockchain analysis?
1.4.2022
Infrastructure firms will now have to report within 24 hours if they make a ransomware payment. “This surely will be a game changer.”
Warren’s battle to curtail crypto gets boost from Ukraine conflict
1.4.2022
While Senator Warren’s new bill officially targets Russia, could this just be an excuse to tighten crypto regulation?
Law Project Presented in Argentinian Senate Proposes to Tax Undeclared Cryptocurrency Held Outside the Country
1.4.2022
A new law project presented in the Argentinian Senate is seeking to start a fund to pay for part of the debt the country has with the International Monetary Fund (IMF). The project, which is being pushed by members of the ruling party, would establish that Argentinian citizens have to pay taxes...