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Treasury's OFAC is investigating Kraken for violating US sanctions: Report
26.7.2022
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange
SEC Philippines to investigate Binance over alleged illegal operations
26.7.2022
A think tank in the Philippines doesn’t give up on efforts to ban Binance, now claiming that the crypto exchange has been operating illegally in the country
Biden Administration Accused of Propaganda and ‘Redefining’ a Recession’s Technical Definition
25.7.2022
After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession. This is despite...
Thai SEC launches digital hotline for Zipmex users
25.7.2022
The investors affected by Zipmex's withdrawals' pause can submit information about their losses via an online forum on the Thai SEC’s official website
Argentinian Government Excludes Crypto Investors From Buying Dollars
24.7.2022
The Argentinian Central Bank has issued a new set of restrictions that are affecting citizens and companies that have purchased cryptocurrency to use it as a hedge against currency devaluation. The bank will only sell dollars at an official rate to individuals and companies that have not purchased...
Ghana Ranked as Country With Second-Highest Debt Default Risk Globally
21.7.2022
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher...
New South Korean Crypto Regulator ‘Days Away from Launch’, Government Confirms
21.7.2022
The South Korean government is set to come good on a promise to launch a new regulatory agency that will govern the domestic crypto sector in the wake of what it calls the “Terra (LUNAC) incident.”
As reported in late May, the body has been tentatively named the Digital Assets Committee (literal...
Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interests
20.7.2022
“It’s time to move the crypto policy debate from "we need regulation" to 'what are the impacts of specific regulatory proposals?’” said Chamber of Progress
Demand for widely used euro stablecoin is huge, says DeFi expert
20.7.2022
The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone?
US senator blasts SEC for non-judicial actions against crypto companies
20.7.2022
Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations
US Justice Department seized $500K in fiat and crypto from hackers connected to DPRK government
19.7.2022
Deputy Attorney General Lisa Monaco said authorities relied on victims to report attacks "as soon as those crimes occur" to help recover funds
US lawmaker criticizes SEC enforcement director for not going after 'big fish' crypto exchanges
19.7.2022
Representative Brad Sherman said the SEC's enforcement case against Poloniex was like going after "small fish" compared to major exchanges which may include Kraken and Coinbase
‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
18.7.2022
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022
India needs global collaboration to decide on crypto's future, says finance minister
18.7.2022
Indian finance minister reiterated RBI’s stance on the crypto market, claiming it’s driven by speculation
XANA Targets Tourism Market Through Government and Corporate Deals
18.7.2022
XANA has announced its entry into tourism through Government and Corporate deals. Additionally, XANA is in talks with big tourism brands based in Japan to better its network in the industry. XANA shared the news by releasing a thread of four tweets. XANA’s entry into the tourism space will...
Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says
18.7.2022
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking...
The regulatory implications of India’s crypto transactions tax
18.7.2022
India’s introduction of new crypto taxes had a negative impact on overall trading, forcing entrepreneurs to move to friendlier jurisdictions
White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending
17.7.2022
While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing...
SEC commissioner Allison Lee departs, readying financial regulator for Jaime Lizárraga
15.7.2022
The U.S. Senate has already confirmed the nomination of Allison Lee's replacement, Jaime Lizárraga, to work at the SEC for a term ending in 2027
DeFi for financial services: Alex Tapscott’s ‘Digital Asset Revolution’
15.7.2022
Alex Tapscott’s new book breaks down key DeFi concepts for business leaders