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Putin Signs Law Prohibiting Payments With Digital Assets in Russia
15.7.2022
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary...
Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds
15.7.2022
The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’...
CFTC labels 34 crypto and forex firms as unregistered foreign entities
14.7.2022
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson
UK financial watchdog exec hints at importance of international collaboration on crypto regulation
14.7.2022
“In the past, innovative firms would have been pleading for less regulation — now they understand and appreciate that rules are there to help provide certainty," said Nikhil Rathi
UK court allows lawsuit to be delivered via NFT
13.7.2022
Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook, and a contact form on a website
UK Treasury Committee opens inquiry into crypto industry
13.7.2022
The public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament on the risks and opportunities related to crypto and DLT
Kazakh Crypto Mining Tax Hike Signed Into Law by President Tokayev
13.7.2022
Kazakhstan is trying to tackle its struggle with electricity shortages with a series of reforms on crypto mining
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners
13.7.2022
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin....
Nintendo Japan Says It Recognises Same-Sex Marriages, Even Though Japan Doesn't
13.7.2022
Nintendo issued an update on the company’s corporate social responsibility (CSR) initiatives yesterday, and while this is normally a pretty stale kind of thing to read through as a fan, this particular publication had one thing that stood out.Read more
BoE official compares current crypto market regulation to 'unsafe aeroplanes'
12.7.2022
According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of "same risk, same regulatory outcome."
Law Decoded, July 4–11: Access denied for crypto-owning policymakers
12.7.2022
An advisory notice from the United States Office of Government Ethics intends to leave the hodlers out of decision-making on crypto
China Frozen Bank Account Controversy: Affected Clients Injured During Protests, Nearly $6 Billion Missing
11.7.2022
Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to...
Celsius changes legal team, pays off $20M in Aave debts
11.7.2022
The embattled platform continues to wind down its debts to decentralized finance (DeFi) lending protocols, having just paid off 20 million USDC to Aave
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law
10.7.2022
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines...
Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says
10.7.2022
Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial...
Russia’s Finance Ministry Supports Circulation of Stablecoins in Country
9.7.2022
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will...
Know thy customer: The future of KYC in crypto
8.7.2022
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer
Web3 activists fight for reproductive rights with NFTs, DAOs and protests
8.7.2022
The Web3 community has launched a number of initiatives to raise funds and awareness for women’s reproductive rights following the overturn of Roe v. Wade
India's Law Enforcement Agency Probes Crypto Exchanges For Forex Violations
8.7.2022
The government agency has summoned cryptocurrency exchanges under the the Foreign Exchange Management Act 1999
Proposal to Set Up Russian Crypto Exchange Circulated in Moscow
8.7.2022
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian...