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Diginex's crypto custody arm receives green light from UK financial watchdog
14.5.2021
The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions
Argentinean Tax Body Asks Domestic Cryptocurrency Exchanges to Report Monthly Transactions and Wallet Balances
14.5.2021
The local tax authority could soon hunt tax evaders who trade cryptocurrencies in Argentina following a notice sent to domestic crypto exchanges. The Federal Administration of Public Revenue (AFIP) ordered them to report all virtual currency-related transactions every month. Payment Gateways...
Cuban President Discusses Adopting Cryptocurrencies for the ‘Convenience’ of the National Economy
14.5.2021
Cuba has been actively discussing the possibility of adopting cryptocurrencies over the last few months during high-political summits. This time, the president of the Caribbean island discussed crypto assets once again during a virtual currencies topic on the summit agenda, talking about...
Binance is reportedly under investigation from IRS and Justice Department
13.5.2021
The price of Bitcoin and Ether both fell between 3-5% as the report spread across social media
US SEC Has Brought 75 Enforcement Actions on Crypto Industry
13.5.2021
The U.S. Securities and Exchange Commission (SEC) has brought 75 enforcement actions against companies and individuals in the crypto industry so far, according to a new report by Cornerstone Research. The agency also brought 19 trading suspension orders against digital asset market participants...
Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies
12.5.2021
A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill Aims...
SEC enforcement actions cost crypto firms and individuals $1.7B in penalties
12.5.2021
Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings
SEC to Scrutinize Funds Invested in Bitcoin Futures
12.5.2021
The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility...
Texas house passes crypto-friendly bill, now goes to senate
11.5.2021
Governor Greg Abbott has already hinted he is open to signing the bill into law
South Koreans flock to crypto amid a heavy-handed regulation approach
11.5.2021
With crypto demand skyrocketing in South Korea, the government is looking to regulate digital assets and the local market is feeling the pressure
El Corte Ingles Files for a Crypto-Related Trademark to Provide ‘Financial Services’
11.5.2021
El Corte Inglés, the biggest department store group in Spain, seems to be entering into the cryptocurrency sphere. After filing for a related trademark with the Intellectual Property Office of the European Union, they have registered “Bitcor”. Trademark Is a ‘Preventive...
Former Finance Secretary Urges Indian Government to Encourage Crypto Services, Regulate Cryptocurrencies
10.5.2021
Former Finance Secretary Subhash Chandra Garg, who headed the committee that drafted India’s cryptocurrency bill, says that the government should not ban cryptocurrencies but regulate them instead. He further urges the government to encourage crypto services. Indian Government Should Regulate...
Bank of Russia Tests Services Related to Cryptocurrencies
9.5.2021
Russia’s central bank has examined three platforms offering crypto-related services. The projects have been tested in its regulatory sandbox in the course of 2020. Bank of Russia has received dozens of requests to pilot various financial services since it created the closed regulatory...
South African Regulator Apologizes to Crypto Firm After Issuing Then Withdrawing a Warning in Less Than 24 Hours
9.5.2021
South Africa’s Financial Sector Conduct Authority (FSCA) has apologized to a Cape Town-based crypto start, Ovex, less than 24 hours after warning that the firm was operating outside the law. Ovex Does Not Require Licence From FSCA In its May 7 retraction, the financial watchdog said...
Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders
8.5.2021
The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. Traders will bear full responsibility for the risks, the bank cautioned...
New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitcoin ‘Scarce Store of Value’
8.5.2021
The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has shared his view on how the SEC plans to regulate cryptocurrencies, particularly bitcoin. He calls bitcoin “a digital, scarce store of value” and stresses the need to put in place some investor...
US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors
8.5.2021
New York Attorney General Letitia James is seeking a court order to immediately shut down the operations of cryptocurrency exchange Coinseed. The attorney general previously filed a lawsuit against the crypto exchange but the platform allegedly continued to operate and dupe investors....
South Korean Police Officers Banned From Buying Cryptocurrency
8.5.2021
A recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies. The announcement coincides with a report revealing a heightened domestic availability of digital coins, in comparison to the global marketplace. South Korea...
Kenyan Capital Markets Regulator Wants Better Coordination With Other Bodies When Testing Crypto Assets
7.5.2021
Kenya’s Capital Markets Authority (CMA) says the country needs a more encompassing approach that enables it to leverage other regulators’ expertise when testing crypto assets. Kenyan Crypto Interest Also, the Kenyan body, which favours a joint financial sector regulatory sandbox, says...
Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments
7.5.2021
A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy