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OKEx Korea crypto exchange to shut down as new reporting laws take effect
23.3.2021
OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday
Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold
22.3.2021
Federal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are highly volatile and not useful as a store of value. Fed Chair Sees Bitcoin as a Gold Substitute During a webinar sponsored...
Bitcoin searches in Turkey spike 566% after Turkish lira drops 14%
22.3.2021
Searches for Bitcoin emanating from Turkey exploded after news broke regarding the 14% plunge in the value of the Turkish lira
Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore
22.3.2021
Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks know that cryptocurrencies are here to stay and...
Bridgewater’s Ray Dalio Warns Government Could Restrict Bitcoin Investments, Impose ‘Shocking’ Taxes
21.3.2021
The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has warned that the government could “impose prohibitions against capital movements” into assets such as bitcoin. He added that regulators may also impose changes in taxes that...
Crypto Long & Short: Bitpanda’s Raise Is About More Than Market Infrastructure
21.3.2021
The $170 million funding round highlights the explosive growth of crypto as an asset class – and the potential of the European market
FBI Arrests 6 Free Keene Members Operating Cryptocurrency Exchange
21.3.2021
Six people involved with the Free Keene movement have been arrested and charged for allegedly operating an illegal cryptocurrency exchange business. “They operated their virtual currency exchange business using websites, as well as operating virtual currency ATM machines in...
Nigeria's central bank not discouraging people from trading crypto, says governor
21.3.2021
The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks
Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector
21.3.2021
A senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies. Instead, Lamtek, who is the deputy governor responsible for corporates services at the Central Bank of Nigeria (CBN), says...
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...
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