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Nalezeno "Authorities": 878

Turkey Prepares to Increase Oversight in the Crypto Space

6.1.2020
Turkish authorities, alarmed by the spread of cryptocurrencies in the country, are reportedly ramping up efforts to introduce greater oversight into the sector. Local media revealed that regulators are under pressure to increase supervision in 2020 because of the growing popularity of decentralized...

Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

28.12.2019
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower...

As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted

27.12.2019
Since the inception of Bitcoin, governments have tried to keep track of all the transactions taking place on the public blockchain. As the years progressed, authorities have shown a distaste for cryptocurrency mixing applications like Coinjoin. On Dec. 19, a Binance customer couldn’t withdraw...

Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell

24.12.2019
Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to...

Thomson Reuters Launches Crypto Tax Tool

23.12.2019
Tax authorities around the world are increasing their focus on crypto transactions and companies are rushing to help investors navigate the unclear regulations. The latest example is Thomson Reuters which has added a new tool for American tax payers to report crypto dealings to the IRS. Also Read:...

Chinese Authorities Confiscate Nearly 7,000 Crypto Mining Machines

23.12.2019
Chinese police has seized roughly 7,000 crypto mining units, which illegally used electric power

Chinese Regulators Question 8 Crypto Companies in Shenzhen

20.12.2019
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with...

Chinese Authorities Bust 8 Companies for Crypto Violations + More News

20.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Authorities in Shenzhen, China, have cracked down on eight companies they suspect of conducting illegal...

Russian Authorities Charge Two Anonymous Crypto Scammers

17.12.2019
Ever since the popularity of cryptocurrencies has seen a tremendous jump in the financial market, the rate of crimes, frauds, and illicit activities concerning digital assets have also surged up at an equally fast pace. In a recent incident, the regulatory authorities held two Russian citizens...

US Authorities Allege SIM Swapping Thief Bought Music Royalties, Jewelry, With Crypto

13.12.2019
Court documents allege that Pennsylvania resident Anthony Faulk hijacked a crypto company executive's phone, stealing crypto and using the proceeds for an expensive watch, music royalties, jewelry and a house

15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber Warfare

12.12.2019
The private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work...

China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan

12.12.2019
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of...

Fraudulent Group Involved in $722 Scam Got Arrested by the US Authorities

11.12.2019
On Tuesday, the Justice Department made an announcement regarding the arrest of three men involved in an alleged fraud that led to the embezzlement of a whopping amount of $722 million from the investors via fake bitcoin mining earnings. According to the latest reports, the prosecutors have...

Crypto Startups to Get up to $75,000 From the Government of Ukraine

5.12.2019
Ukrainian crypto companies can now receive up to $75,000 each in the form of government sponsored grants. A special fund set up by the authorities in Kiev is already accepting applications from startups in various high tech sectors including the blockchain industry. Over $1.5 million will...

European Crypto Exchange Bitbay Ends Monero Trading due to Anonymity Features

27.11.2019
Authorities around the world are trying to stamp out online anonymity in various ways, sacrificing users’ privacy for alleged security. One of these ways is forcing digital asset exchanges to drop support for some cryptos, as European venue Bitbay is now the latest to do with monero. Also...

How to Navigate the Minefield of Cryptocurrency Taxation

23.11.2019
National tax agencies have recently made it clear that the long arms of the law will be wielded to ensure bitcoiners pay the appropriate tax on their earnings. Motivated by surging interest in crypto, authorities are cracking the whip and instilling fear in those who have, until now, dismissed...

Chinese Authorities Scrutinize and Report on Crypto Exchanges

19.11.2019
According to a notice issued on weibo.com, and later confirmed as authentic by business publication Caixin, authorities in Shanghai appear to have dispatched officials for conducting reviews of area businesses engaged in cryptocurrency dealings, and are set to report back to financial regulators...