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Ahead of IPO, Coinbase Pays CFTC $6.5 Million to Settle False Reporting, Wash Trading Charges
20.3.2021
The Commodity Futures Trading Commission (CFTC) has fined cryptocurrency exchange Coinbase $6.5 million “for reckless false, misleading, or inaccurate reporting as well as wash trading.” This enforcement action came as Coinbase is getting ready for its initial public offering (IPO)...
UK Watchdog Bans Bitcoin Advert for ‘Irresponsibly’ Promoting Investments in the Crypto Asset
19.3.2021
The United Kingdom’s Advertising Standards Authority (ASA) has banned Coinfloor’s bitcoin advert for “irresponsibly” promoting investments in the crypto asset. The watchdog claimed the crypto exchange’s marketing campaign had targeted pensioners who were...
Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers
19.3.2021
The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos. Putin Calls Other Offices to Join the Fight...
Messari CEO thinks a fresh wave of crypto regulation could be imminent
18.3.2021
After nearly a decade of progress since Bitcoin's inception, regulators could be gearing up for further action, given the industry's recent growth
Belarus President Calls to Increase Regulation on Cryptocurrencies, Citing ‘China’s Experience’
18.3.2021
The Belarusian president held a meeting over the week where he mentioned cryptocurrencies within the context of regulating the IT industry. Alexander Lukashenko hinted at tightening the regulatory framework to control crypto usage in Belarus. Lukashenko Seeks to Create a Unified Governmental...
Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms
18.3.2021
The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are fraudulent....
US-based crypto users likely still have to pay taxes on NFTs, says CNBC
17.3.2021
"If you exchange crypto for any other asset, you immediately recognize a capital gain or loss," said Robert Frank
UK advertising watchdog cuts ‘irresponsible and misleading’ Bitcoin ad
17.3.2021
The advert, which was alleged to have targeted retirees, was deemed to be misleading and irresponsible by a U.K. advertising authority
EU securities regulator warns about risks of ‘non-regulated’ cryptos
17.3.2021
The ESMA analyzed the impact of COVID-19 on financial markets, highlighting the supposed risks linked with crypto investment
Swiss regulators reject Bitcoin Suisse's banking license application
17.3.2021
But Bitcoin Suisse still has "many options on the table," says the firm's CEO
EAEU unlikely to find common ground on crypto regulation, official says
17.3.2021
The Eurasian Economic Union’s member states did not support an initiative to synchronize crypto regulations
South Korean Tax Agency Identifies Over 2,400 Evaders Who Used Cryptocurrencies to Bypass Taxation
17.3.2021
South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won. Evaders Hid a Total of $32.24 Million in Assets...
Dutch libertarian posts political campaign signs that read 'Bitcoin is the future'
16.3.2021
"I wanted to have something that stood out and showed people that we embraced Bitcoin as a solution for a revolution," said the party chairman
Judge denies XRP Army a seat at the table in SEC v. Ripple case
16.3.2021
Lawyers representing XRP investors may still have an opportunity to refile in the future, however
New Details About India Banning Cryptocurrency Emerge — Crypto Community Sees Mixed Messages
16.3.2021
New details have emerged suggesting that the Indian government will go ahead with banning cryptocurrency, in contrast to what the crypto community believes. In her latest interview regarding cryptocurrency legislation, India’s finance minister said that there will be a window...
Proposed FinCEN rule is a 'grave threat to personal privacy,' says Coin Center
16.3.2021
In its latest comment, the advocacy group goes after the proposed requirement to create currency transaction reports for crypto transactions
India to have a ‘window’ for Bitcoin, says minister amid crypto ban FUD
15.3.2021
The Ministry of Finance of India continues to form a careful position on private cryptocurrencies
French Lawmaker Signs Petition to Allow Central Bank to Buy and Hold Bitcoin
14.3.2021
A French parliament member has signed a petition to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially...
Spanish Ministry of Economy Proposes to Create a Financial Customer Ombudsman for Crypto-Related Matters
13.3.2021
Crypto regulation in Spain remains on the political talks amid the current bull-run seen in the bitcoin prices. Now, the country’s Ministry of the Economy is about to create a new Financial Customer Ombudsman for crypto-related matters. Independent Financial Customer Body Will Abide by...
Money Reimagined: Why Quantitative Easing Is Here to Stay
12.3.2021
The U.S. dollar’s reserve currency status, usually seen as a source of American might, is now hindering the Federal Reserve’s monetary sovereignty