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Shanghai Law Enforcement Officials, Scholars Talk Cryptocurrency
14.7.2021
Representatives of law enforcement agencies and academia in Shanghai held a seminar devoted to cryptocurrencies, regulations, and the combating of crypto-related crime. Determining “the legal attributes of virtual currency” was among the main topics at the forum which also focused...
Musk Sparks Bitcoin Community Ire with Question about Regulation: 'NO ELON'
14.7.2021
Crypto sector social media heavyweights have lashed out at the Tesla supremo Elon Musk after the outspoken entrepreneur piped up on Twitter with a question about regulatory permits for an open source bitcoin (BTC) wallet.
In response to a post from Blue Wallet, a bitcoin wallet developer that...
Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme
14.7.2021
Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months. Police in Aichi Prefecture...
UAE Central Bank Unveils Plan to Launch Digital Currency
14.7.2021
The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world’s top 10 central banks. A growing number of central banks worldwide are working to launch central bank digital currencies (CBDCs)....
BNY Mellon to provide ETF services for Grayscale’s Bitcoin Trust
13.7.2021
The new agreement further reinforces Grayscale’s commitment to converting Grayscale Bitcoin Trust into an ETF as its strategic goal
Hedge funds see the crypto market decline as an investment opportunity
13.7.2021
From rebalancing cash positions to announcing new investment products, hedge funds seem undeterred by the current crypto market decline
The9 signs green Bitcoin mining deal with Russian firm BitRiver
13.7.2021
BitRiver utilizes only surplus hydroelectric power to operate its data centers in Russia and CIS countries
Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill
13.7.2021
Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With...
AML compliance mandatory for foreign crypto exchanges, says Korean regulator
13.7.2021
South Korea’s strict crypto regulatory oversight is now extending to overseas exchanges that offer cryptocurrency trading services denominated in the country’s currency
UK Advertising Watchdog to Crack Down on ‘Misleading’ Crypto Ads
13.7.2021
The Advertising Standards Authority (ASA), the U.K. advertising watchdog, declared it would crack down on misleading ads promoting cryptocurrency investments. The organization will include cryptocurrency campaigns as a “red alert” priority in the financial marketing department....
Crypto crackdown targeting USD access points has begun: Caitlin Long
13.7.2021
Avanti’s Caitlin Long expects the U.S. Federal Reserve to make it harder for crypto companies to access USD payment channels
Gemini plans to beat Binance through compliance, aims to become 'fastest tortoise' in race
13.7.2021
The recent regulatory backlash against Binance could give a competitive advantage to regulated exchanges
Binance woes continue as Clear Junction pulls out
12.7.2021
Another player has decided to distance itself from Binance after a slew of negative headlines around the exchange in recent weeks
California Man Arrested for Using Government’s Covid-19 PPP Loan to Buy Cryptocurrency and Tesla
12.7.2021
The U.S. has arrested a man on criminal charges after he allegedly defrauded the government’s Covid-19 loan programs and used the money to buy cryptocurrency and Tesla. Using PPP Loan to Buy Cryptocurrency and Tesla The U.S. Department of Justice (DOJ) announced Friday that Lebnitz Tran...
SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme
12.7.2021
The U.S. SEC charged three individuals that allegedly conducted insider trading related to the Long Blockchain company back in 2017. One of the individuals allegedly traded stocks ahead of the name change that gave the company a price boost. The other two individuals were tipped and took advantage...
Creator of Video Downloading Websites Sentenced to Prison in US — Over $1 Million in Cryptocurrency Seized
11.7.2021
The U.S. has sentenced a creator of video streaming and downloading websites to prison for 12 months and one day. The feds also seized $3.9 million from him, including more than $1 million in cryptocurrency. Man Sentenced to Jail for Copyright Infringement and Tax Evasion, His Cryptocurrency Seized...
Survey: Financial Sector Wants Ukraine’s CBDC to Facilitate Transactions in the Crypto Market
11.7.2021
A survey conducted among financial professionals has indicated that the industry wants Ukraine’s future digital currency to be used as a tool in the crypto space. The financial sector also favors a blockchain design for the e-hryvnia that would allow peer-to-peer transfers and fuel...
Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks
11.7.2021
Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment. The Bank of Thailand (BOT), the country’s central bank...
Paraguayan lawmakers to present Bitcoin bill on July 14
10.7.2021
El Salvador’s decision to accept Bitcoin as legal tender in June appears to be influencing lawmakers across the region to begin exploring their own cryptocurrency strategy. Paraguay is next in line to introduce new crypto-focused legislation
Majority of Salvadorans Skeptical of BTC as Currency, Poll Finds
10.7.2021
President Nayib Bukele’s adoption of cryptocurrency as legal tender in his country is not being met with deep understanding by most of his fellow Salvadorans, a new survey suggests. Almost half of the respondents admitted they knew nothing about Bitcoin, while two-thirds aren’t ready...