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Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered
29.3.2022
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11 Crypto Exchanges Investigated for Tax Evasion The Indian government answered some...
Anonymous Claims It Has Released 28GB of Bank of Russia Documents
28.3.2022
Hacking group Anonymous has reportedly published a large amount of data allegedly belonging to the Bank of Russia. The release comes after the collective announced it had hacked Russia’s central bank earlier this week, a claim that was denied by the monetary authority in Moscow. Anonymous...
Anonymous Says It Hacked Bank of Russia, Monetary Authority Denies Claim
25.3.2022
Anonymous has attacked the Central Bank of Russia (CBR), according to a post on social media. The hacking group, which vowed to hit Russian government websites after Moscow launched its military assault on Ukraine, now says it’s also targeting foreign companies still operating in Russia....
Bank of England and regulators assess crypto regulation in raft of new reports
25.3.2022
A bundle of interrelated documents remind financial institutions of their responsibilities and look at the state of crypto regulation in the U.K
Abu Dhabi Global Market Regulatory Arm Unveils Document Proposing Changes to Virtual Asset Regulations
24.3.2022
The Financial Services Regulatory Authority (FSRA), a regulator in the United Arab Emirates (UAE)’s financial center and free zone, the Abu Dhabi Global Market (ADGM), has released a consultation paper that proposes amendments to regulations that govern the use of virtual assets. Regulator...
Thailand Adopts Rules Restricting Cryptocurrency Payments From April
23.3.2022
Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only bring risks for the financial system, economy, people and businesses. Thailand SEC Issues...
UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert Priority’
23.3.2022
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s...
Facebook Owner Meta Sued for Publishing Scam Crypto Ads by Australian Regulator
20.3.2022
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these...
Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions
19.3.2022
Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions....
Dubai’s New Virtual Asset Regulator Licenses Crypto Exchanges Binance, FTX
19.3.2022
Dubai’s Virtual Asset Regulatory Authority has licensed two cryptocurrency exchanges: Binance and FTX. The regulator was formed last week when Dubai approved its first law to regulate crypto assets. Dubai Licenses Binance and FTX Cryptocurrency exchanges FTX and Binance have been licensed...
EU Regulators Warn Crypto Unsuitable as Investment or Means of Payment for Most Retail Consumers
18.3.2022
Several European regulators have issued a joint warning on crypto assets. “These assets are not suited for most retail consumers as an investment or as a means of payment or exchange,” they stressed. EU Supervisory Authorities Warn About the Danger of Investing in Crypto Assets Three...
BNDES Director Offers New Insights on Development of Brazilian Blockchain Network
16.3.2022
Gladstone Arantes, a director of the Brazilian Development Bank (BNDES), gave new details about the progress of the Brazilian Blockchain Network, a project that has been in development since 2018. The network will be created on top of the Hyperledger Besu 2.0, which uses a proof-of-authority...
India Targets 700 Crypto Investors for Non-Payment of Taxes: Report
16.3.2022
India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with...
UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’
13.3.2022
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating...
Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware Case
12.3.2022
Canada’s police have seized bitcoin worth more than $28 million from a former government employee who has been extradited to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of dollars in ransoms.” Canadian Authority Seizes...
FCA issues termination order for Bitcoin ATMs
11.3.2022
The financial watchdog in the U.K. has declared that all non-registered ATMs must be immediately closed down or be subject to undisclosed additional action
Paxos Wins Regulatory Approval From Monetary Authority of Singapore
10.3.2022
The custodian and back-end provider is the first crypto firm to gain regulatory approval in both New York and Singapore
Regulator in UAE’s Special Economic Zone Unveils Consultation Paper on ‘Crypto Tokens’
10.3.2022
The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens. Changes to the Draft Legislation The Dubai Financial Services Authority...
Regulator Says UAE ‘Closer to Issuing the Regulatory and Supervisory Framework’ for VASPs
10.3.2022
The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting...
Dubai Adopts Initial Crypto Law, Establishes Independent Authority for Oversight
9.3.2022
The announcement was made by UAE Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum