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S Korean Market Regulator Wants to Label Upbit, Bithumb ‘Large Conglomerates’
23.3.2022
South Korea’s biggest crypto exchanges are set to be regulated by the nation’s conglomerates regulator – a sign they have grown from relative obscurity into mega-companies in the space of just a few years. But the regulatory move would also ramp up scrutiny on what is already a heavily policed...
UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert Priority’
23.3.2022
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s...
Ireland’s central bank follows UK's example in warning of crypto advertisements
22.3.2022
The central bank warned people to be mindful of "the risks of misleading advertisements, particularly on social media, where influencers are being paid to advertise crypto assets."
OECD opens proposal on tax transparency framework for crypto to public comment
22.3.2022
According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards
Florida's Crypto Plan, NFL's Blockchain Move, Grayscale's Ex-Ethereum Fund + More News
22.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Florida's Crypto Plan, NFL's Blockchain Move, Grayscale's Ex-Ethereum Fund + More News
Work on a Multi-CBDC Platform Has Revealed ‘More Questions Than Answers’ – BIS
22.3.2022
The Bank for International Settlements (BIS)'s central bank digital currency (CBDC) project, known as Project Dunbar, has created more questions than answers, the international body said today. However, establishing a global network of connected CBDC platforms still remains a goal for...
Ombudsman Receives Complaints About Crypto Investments in Spain
22.3.2022
The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees...
Abu Dhabi rolls out draft recommendations for NFT trading
22.3.2022
The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens
Japan’s Crypto Exchanges Set to Speed Up and Simplify Crypto Listing Process
22.3.2022
Japanese crypto exchanges could be set to broaden the selection of coins they offer on their platforms – after a self-governing industry body unveiled plans to “streamline” the listing process for trading platforms....
Read More: Japan’s Crypto Exchanges Set to Speed Up and Simplify Crypto...
Crypto Donations To 'Freedom Convoy' Evade Government Seizure - Report
22.3.2022
Despite the efforts by the Canadian government, most of the CAD 1.1m (USD 874,000) worth of cryptoasset donations made to the trucker protests (aka "Freedom Convoy"), an initiative that evolved out of the anti-COVID-19 health mandate protests, have reportedly dodged seizure by...
UK Ad Regulator Sends 'Enforcement Notice' to Crypto Promoters
22.3.2022
The Advertising Standards Authority (ASA), the self-regulatory organization of the advertising industry in the United Kingdom, has sent an "Enforcement Notice" to over 50 companies that promote digital assets, asking them to review their ads.
The notice mandates crypto companies to comply with...
Malaysian Ministry Proposes Legalizing NFTs to Boost Participation in Crypto Sector
22.3.2022
Malaysia’s communications ministry has proposed legalizing non-fungible tokens (NFTs) to increase the participation of young people in the cryptocurrency space. The crypto sector is under the purview of the central bank, Bank Negara Malaysia, and the Securities Commission. Malaysian Ministry...
Gemini receives license to provide electronic money services in Ireland
21.3.2022
The license does not allow Gemini to operate as an exchange in the country, but it will let it passport e-money services throughout the EEA
Amid the Hottest US Inflation in 40 Years, Biden Administration Blames Rising Prices on Shipping Industry
21.3.2022
During the last few months, inflation has risen significantly in the United States as it has climbed at its fastest pace since 1982. Data shows younger families with children have been struggling to make ends meet, while reports further indicate retirees and older folks with fixed incomes...
SEC pushes decisions on WisdomTree’s and One River’s applications for spot Bitcoin ETFs
21.3.2022
The regulator said it would extend its window for the decision on WisdomTree’s Bitcoin investment vehicle to May 15 and One River’s to June 2
Malaysian Ministry Suggests Making Crypto Legal Tender To Promote It Among Youth
21.3.2022
In a bid to enhance the financial inclusion of young people, the Malaysian Ministry of Communications and Multimedia has proposed to the country’s authorities to designate cryptoassets as Malaysia’s legal tender.
Datuk Zahidi Zainul Abidin, Malaysia’s Deputy Communications and Multimedia...
Bitcoin-Friendly Portugal Welcomes Refugees From Ukraine’s Crypto Sector, Report Reveals
21.3.2022
With a war raging in their homeland, thousands of Ukrainians, including many involved in the crypto space, have chosen Portugal as their new home. The country is an attractive destination, not only because of its warmer climate but also its relatively affordable cost of living and crypto-friendly...
Binance Informs Canadian Regulator It’s ‘Committed’ to Ceasing Crypto Trading Services in Ontario
21.3.2022
Cryptocurrency exchange Binance has informed the Ontario Securities Commission (OSC) that it is committed to ceasing opening new accounts for Ontario residents and winding down certain services to comply with regulations. Binance Promises to Increase Efforts to Comply With Regulation Cryptocurrency...
US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions
20.3.2022
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View...
Facebook Owner Meta Sued for Publishing Scam Crypto Ads by Australian Regulator
20.3.2022
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these...