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Ruling South Korean Party Makes Pro-Crypto Policy U-Turn
20.11.2021
The head of the ruling Democratic Party in South Korea has promised to make a dramatic U-turn on crypto policy, claiming that “the time has come” for the government to stop regulating crypto and start “fostering” the industry....
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Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened
27.10.2021
A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise Vest Technologies, which is accused of trading cryptocurrencies, must be reopened. CBN’s Bank Account Freeze Order Dismissed In a ruling that overturns the Central Bank of Nigeria (CBN)’s...
Court Ruling Threatens 17 Crypto Exchanges in Russia
10.10.2021
Another batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Information published on their websites has been deemed illegal meaning the country’s telecom watchdog can block access to their platforms. Roskomnadzor May Take Down...
Nigerian Court Paves Way for CBDC Rollout, Suggests ‘Plaintiff May Be Adequately Compensated’
5.10.2021
The Nigerian High Court that is presiding over the e-naira trademark infringement case brought against the Central Bank of Nigeria (CBN), has ruled that Central Bank Digital Currency (CBDC) “may proceed on national interest” considerations. The ruling clears a crucial legal hurdle...
South Korean Ruling Party Squabbles over Crypto Tax
17.9.2021
tax code, which will see a flat rate of 20% tax levied on crypto tax profits of over USD 2,100 a year. If unamended, this change will come into force on January 1, 2022.But the ruling Democratic Party is wary of a backlash from angry voters aged 20-39 – the backbone of the party’s support –
Breaking: Fortnite Banana Man Saga Ends With Official Court Ruling
10.9.2021
Fortnite’s Peely is a grotesquery of the highest order. You know it, I know it, and even Apple knows it. Yet somehow, Epic Games managed to convince a United States district judge that this elongated, yellow monster is “just a banana man,” at least according to today’s ruling in the contentious...
India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker
9.9.2021
The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.”...
South Korea’s Ruling Party Hints at Increased Crypto Leniency
4.8.2021
The ruling South Korean Democratic Party’s crypto task force is discussing a plan to “institutionalize corporate transactions” on crypto exchange platforms with the nation’s nine leading exchanges – a further sign, perhaps of an impending regulatory climbdown.
More details of a key meeting held...
Signs of a Crypto Regulatory Climbdown from South Korea’s Ruling Party
28.7.2021
South Korean ruling party’s crypto task force has met with a number of major domestic crypto exchanges – an indication that it could advise the government to revise or even soften its hardline policy on regulation.
As reported, the next South Korean presidential election is scheduled to take place...
Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022
6.7.2021
While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai...
Hope in S Korea as Ruling Party Says ‘Let’s Institutionalize Crypto’
6.7.2021
Korean lion dog statue and the National Assembly building, Seoul. There may be fresh hope for the South Korean crypto sector as the ruling Democratic Party launched a crypto task force – with the new body talking in relatively upbeat terms about the industry and the need to “institutionalize”...
South African Court Grants Final Liquidation Order Against the ‘Biggest Cryptocurrency Scam in 2020’
3.7.2021
A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year. Nevertheless, the judge postponed a ruling on an application by MTI liquidators to have...
Russian Court Bans Websites Explaining How to Trade Bitcoin
11.6.2021
A court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur...
India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It
31.5.2021
Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when...
Ruling Russian Party Conducts Blockchain-Powered Online Primaries
31.5.2021
Source: AdobeStock / Виталий Сова
Blockchain-powered voting concluded for United Russia (known locally as ER) Party primaries over the weekend, with many staying away from polling booths due to the COVID-19 pandemic – instead favoring online platforms that make use of votes registered on...
Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances
14.5.2021
The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges. The Federal Administration of Public Revenue (AFIP) ordered them to report all virtual currency-related transactions every month. Payment Gateways...
South Korea to Impose a 20% Tax on Crypto Mining Activities
8.5.2021
The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published...
South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes
4.5.2021
South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax....
South Korea’s Ruling Party, Regulators at Odds over Crypto Policy
29.4.2021
Source: Adobe/david_franklin
South Korea’s finance minister and Deputy Prime Minister has risked invoking young voters’ further ire with a crypto-related tirade – although it appears not everyone pulling the strings in the government is ready to sing from the same hymn sheet on this increasingly...
Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data
8.4.2021
The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court...