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Crypto is at 'a fork in the road,' OCC leader Brooks says
18.12.2020
Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency, said crypto regulation could either focus on safety for participants or could undo all progress
The threats to DeFi’s sustainability — and how to fix them
18.12.2020
With insane interest rates and yield farmers endlessly jumping from one protocol to another, fears are growing that DeFi isn’t sustainable — and change is needed
Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison
18.12.2020
The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice...
Hong Kong Grants First License to Cryptocurrency Trading Platform
18.12.2020
Hong Kong now has its first regulated cryptocurrency trading platform. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will soon commence trading for several cryptocurrencies, including bitcoin. Hong Kong Gives Out First Crypto...
Crypto regulation now more institution-friendly, METACO head explains
17.12.2020
Future crypto guidelines remain uncertain, however
Take a look at LabCFTC's latest primer on digital assets
17.12.2020
The CFTC's fintech wing has published its fourth primer, this time on digital assets
Two thirds of Estonian crypto businesses lose their licenses
17.12.2020
Estonia has withdrawn permits from one thousand crypto companies this year
IRS tax form question leaves US crypto users confused and concerned
17.12.2020
This year’s Form 1040 requires all U.S. taxpayers to answer a question about whether they traded or acquired “virtual currency” during the year
Arbistar class action lawyer calls for CEO to be detained ahead of trial
16.12.2020
“It is unacceptable that in the face of a scam like this there hasn’t been a strong reaction on the part of the judicial authorities.”
Mt Gox Creditors’ Wait Nearly Over as Trustee Announces Rehabilitation Plan
15.12.2020
Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users. See also: Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal
Estonia Revokes More Than 1,000 Crypto Firms’ Licenses This Year
15.12.2020
Over 1,000 cryptocurrency firms’ licenses have been revoked in Estonia this year as the country tightens the oversight of the crypto industry amid heightened money-laundering concerns. 1,000+ Crypto Firms Lost Their Licenses This Year The Estonian Ministry of Finance revealed Friday that...
How the Incoming Administration Can Fix Crypto Regulation
14.12.2020
From securities law to DeFi, there's a lot for U.S. regulatory agencies to clarify about crypto in the year ahead
CEO of DeFi Insurer Nexus Mutual Hacked for $8M in NXM Tokens
14.12.2020
Nexus Mutual's CEO, Hugh Karp, lost the tokens after an attacker gained remote access to his computer
Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers
14.12.2020
An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being...
Ex-People’s Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
14.12.2020
"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China
France Approves New Cryptocurrency Measures to Fight Anonymous Transactions
14.12.2020
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says...
'Bitcoin never gets hacked' — crypto players respond to US Treasury breach
14.12.2020
"Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury," quipped Blockfolio
8 People Arrested in Argentina Linked to Onecoin Ponzi Scam
13.12.2020
The Public Prosecutor’s Office of the Argentine city of Córdoba has indicted 12 people in connection with the Onecoin Ponzi scheme. Eight of them have been arrested. Onecoin Scammers Arrested The Public Prosecutor’s Office for Complex Crimes of the Argentine city of Córdoba...
Russian President Vladimir Putin Signs Order Compelling Government Workers to Disclose Crypto Holdings
13.12.2020
Russian President Vladimir Putin has signed an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that employees must submit details of where they bought the digital assets and the value thereof by June 30, 2021. Similarly...
Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes
13.12.2020
A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion...