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Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report


A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly. Only 8% of the Funds Were Transferred to Exchanges With...

Federal Reserve Appoints Pro-Bitcoin Chief Innovation Officer


A pro-bitcoin head of digital assets from TD Ameritrade has been appointed as the Federal Reserve System’s chief innovation officer. This is “a new role in which she will lead efforts to identify, research, enable and advocate for new technologies,” the Fed explained....

The OECD Wants to Tax Your Crypto to Pay for COVID-19 Recovery Efforts


Source: Adobe/Johanna Mühlbauer The Organization for Economic Cooperation and Development (OECD) is looking to push its members to adopt crypto tax frameworks. Per a new OECD report, the organization said it wants to promote transparency in all transactions involving cryptoassets, ensuring revenues...

Forex Strapped Nigeria Designates Crypto Assets as Securities


The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s...

Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus


Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...

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