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Irish crypto firms must comply with money laundering laws for the first time
27.4.2021
It is now a criminal offense to operate a crypto firm in Ireland without registering with the Central Bank of Ireland
UK crypto firms must now submit yearly financial crimes reports
31.3.2021
Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue
Irish crypto firms will impose Anti Money Laundering ID checks from April
18.3.2021
Irish companies operating with crypto, and the firms servicing them, will have to adhere to AML and CFT for the first time starting next month
South African crypto firms warn opaque regulations are harming the industry
9.3.2021
South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines
NY Attorney General warns investors and crypto firms of 'extreme risks'
2.3.2021
New York Attorney General Letitia James has issued an investor alert against the "wild price swings and extreme risk" of crypto trading
Bitcoin Mining Becomes A Side Venture For Chinese Non-Crypto Firms
18.2.2021
Source: Adobe/SPICA-VEGA PHOTO ART
As bitcoin’s (BTC) skyrocketing prices continue to whet the appetites of companies from different backgrounds, tea and baked goods retailer Urban Tea is the latest example of a Chinese non-crypto business expanding into crypto mining and blockchain with...
Elon Musk’s Tesla Faces Scrutiny Over Potential Conflict of Interest in $1.5 Billion Bitcoin Purchase
18.2.2021
Tesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two major crypto firms. Experts Question Conflict of Interest in Tesla’s...
DOJ Charges 3 North Korean Hackers With Stealing $100M+ From Crypto Firms
17.2.2021
The hackers allegedly stole over $1.3 billion overall through various schemes
Estonia’s Government Still Wants to Implement Stricter Rules for Licensing Crypto Firms
9.2.2021
The new administration in Estonia is still planning to pursue an agenda to tighten rules for companies dealing with cryptocurrencies. The Ministry of Finance is looking to strengthen anti-laundering measures within the context of a major money-laundering scandal that involved Danske Bank. Estonia...
Dan Tapiero launches $200M investment fund for late-stage crypto firms
3.2.2021
The SEC filing notes the 10T Fund’s first sale occurred on Jan. 29, with $76 million remaining to be sold
SEC Calls Out Suspicious Crypto Companies Targeting Global Traders
22.1.2021
The securities regulator added eight suspect crypto entities to its watchlist Thursday
Kenyan crypto firms on notice as digital tax law takes effect
8.1.2021
Crypto transactions in Kenya now attract a 1.5% tax
US crypto firms invest in tax solutions as IRS updates reporting forms
7.1.2021
Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit
UK Regulator Makes Temporary Register for Crypto Firms Awaiting Permits
16.12.2020
The British Financial Conduct Authority (FCA) has launched a temporary program for registering crypto companies that are waiting to obtain approval permits. The move from the financial regulator will enable a large number of crypto businesses to continue their operations beyond the January...
Estonia Revokes More Than 1,000 Crypto Firms’ Licenses This Year
15.12.2020
Over 1,000 cryptocurrency firms’ licenses have been revoked in Estonia this year as the country tightens the oversight of the crypto industry amid heightened money-laundering concerns. 1,000+ Crypto Firms Lost Their Licenses This Year The Estonian Ministry of Finance revealed Friday that...
Crypto firms still not widely adopting ‘travel rule,’ says FATF deputy
16.11.2020
David Lewis, executive secretary and G20 deputy at the Financial Action Task Force, says crypto firms still have a long way to go before they're compliant
Galaxy Digital Acquires 2 Crypto Firms, Sees Big Wave of Institutional Demand for Bitcoin
14.11.2020
Bitcoin Bull Michael Novogratz’s company, Galaxy Digital, has acquired two cryptocurrency firms in preparation to meet a “bigger wave of institutional demand” for bitcoin. Big Wave of Institutional Demand for Bitcoin Incoming Galaxy Digital Holdings announced Friday that it...
South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change
6.11.2020
South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers
SEC Changes Rules, Making Fundraising Easier for Crypto Firms
3.11.2020
The U.S. Securities and Exchange Commission (SEC) has amended some exemption rules, making it easier for crypto companies to raise funds. The rule changes raise fundraising limits for Regulation Crowdfunding, Regulation A, and Regulation D’s Rule 504 offerings. SEC’s New Rules Allow...
PayPal Said to Be in Talks to Buy Crypto Firms Including Bitgo: Bloomberg
22.10.2020
PayPal is exploring purchases of cryptocurrency companies including bitcoin custodian firm BitGo, Bloomberg reported, citing people familiar with the matter. This story is developing. It will be updated as more is known