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Malaysia cracks down on crypto tax evaders with Ops Token
17.6.2024
IRB official Datuk Abu Tariq Jamaluddin warns crypto traders to declare taxes or face compliance actions
Nigeria’s Anti-Graft Agency Announces Reward for Whistleblowers Exposing Local Currency Abusers
6.6.2024
The Economic and Financial Crimes Commission (EFCC) in Nigeria has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders involved in naira abuse. Dele Oyewale, the EFCC spokesman, emphasized the importance of enforcing the law...
SEC's Gensler Shrugs About New Crypto ETFs Strolling Through His Agency's Gates
5.6.2024
The approval of new exchange traded funds (ETFs) for Ethereum's ether {{ETH}} is a logical next step to the regulator previously approving spot bitcoin ETFs, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler seemed to suggest twice on Wednesday
Iconic Auto Brand DeLorean Partners With Web3 Agency Otherlife to Launch Digital Marketplace
30.5.2024
On May 30, the renowned auto brand DeLorean, made famous in the iconic film “Back to the Future,” revealed a collaboration with Web3 creative agency Otherlife, a branch of Moonpay. Together, they aim to launch a groundbreaking marketplace where DeLorean enthusiasts can purchase, sell...
Nigerian Prison Agency Held Responsible for Court Absence of Jailed Binance Executive
23.5.2024
The Nigerian Correctional Service recently faced accusations of failing to bring Tigran Gambaryan, a jailed Binance executive, to a court hearing on May 22. A lawyer representing the Nigerian revenue collection agency subsequently requested the court to adjourn proceedings. This would allow him...
US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support
23.5.2024
The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that would hand control of cryptocurrency oversight to a government agency seen as more favorable to the industry.
The post US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support appeared...
Uniswap Fires Back at SEC’s Wells Notice, Calls Out ‘Weak’ Legal Arguments
22.5.2024
Uniswap Labs filed a 40-page response on Tuesday to the SEC’s Wells Notice, arguing against a potential lawsuit and urging the agency to drop the matter.
The post Uniswap Fires Back at SEC’s Wells Notice, Calls Out ‘Weak’ Legal Arguments appeared first on Cryptonews
Indian Regulator Advocates Multi-Agency Approach for Crypto
18.5.2024
The Securities and Exchange Board of India (SEBI) has submitted its recommendations for regulating crypto assets to a government panel. SEBI suggests multiple regulators for different aspects of cryptocurrency trade. India’s central bank, the Reserve Bank of India (RBI), however, views crypto...
Breaking: Senate Overwhelmingly Votes To Overturn The SEC’s SAB121
16.5.2024
The U.S. Senate voted to formally issue a disapproval of the United States Securities and Exchange Commission’s (SEC) controversial staff accounting bulletin SAB121 on Monday afternoon. The vote follows a House vote of the federal agency’s guidelines, with the resolution now headed to President...
Congressman Wiley Nickel Slams SEC’s “Open Hostility” Towards Digital Assets, Urges Gensler To Rescind SAB121
15.5.2024
Congressman Wiley Nickel (D-CA) is criticizing United States Securities and Exchange Commission (SEC) Chair Gary Gensler over SAB121 and the agency’s “open hostility” towards crypto, a Wednesday letter to Gensler from Congressman reveals. Nickel's letter comes amidst the controversial staff...
Canada’s Tax Agency Targets $40M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains Hike
14.5.2024
Based on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau...
International Monetary Fund Tells Nigeria To Regulate Crypto Trading Platforms
10.5.2024
The International Monetary Fund (IMF) has recommended Nigeria regulate crypto trading platforms, a new staff report by the United Nations’ financial agency released Thursday states. The country has been under increased international scrutiny for the detainment of two Binance executives after...
SEC files final response in Ripple XRP case
8.5.2024
The SEC argues that Ripple’s assertions do not negate the need for injunctions to prevent future violations
Canada’s Tax Authority Targets Crypto Tax Dodgers, Investigating Multimillion-Dollar Cases
7.5.2024
The Canada Revenue Agency is cracking down on crypto, going after C$54m ($39.5m) in suspected unpaid taxes. It is also launching investigations into hundreds of crypto investors.
The post Canada’s Tax Authority Targets Crypto Tax Dodgers, Investigating Multimillion-Dollar Cases appeared first...
Robinhood Hit With Wells Notice By SEC
6.5.2024
Robinhood found itself in hot water with the United States Securities and Exchange Commission (SEC) this weekend after the digital asset trading platform reportedly received a Wells Notice from the federal agency amidst its crackdown on crypto, a new court filing alleges.
The post Robinhood...
Indian enforcement agency collaborates with Binance to bust scam app
2.5.2024
The law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with their help, seized over $10.5 million in crypto assets
Elizabeth Warren-Challenger John Deaton to File Brief in Support of Coinbase Appeal in SEC Case Today: Fox
26.4.2024
John Deaton, the crypto attorney fighting for Elizabeth Warren’s seat in the senate, is scheduled to file an amicus curiae brief in support of Coinbase’s interlocutory appeal against the United States Securities and Exchange Commission (SEC), Fox Business reporter Eleanor Terrett said Friday....
Kenya Establishes Multi-Agency Group To Lead Crypto Regulation
23.4.2024
Kenya is initiating efforts toward crypto regulation, with the government forming a multi-agency team that includes the central bank.
The post Kenya Establishes Multi-Agency Group To Lead Crypto Regulation appeared first on Cryptonews
SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box
23.4.2024
Two lawyers from the SEC, Michael Welsh and Joseph Watkins, resigned following a federal judge's sanction and severe criticism of the regulatory agency's handling of a crypto-related case.
The post SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box appeared first on Cryptonews
Sweden Busts 18 Data Centers for Secretly Mining Crypto
18.4.2024
Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday.
The post Sweden Busts 18 Data Centers for Secretly Mining Crypto appeared first on Cryptonews