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UK Regulator FCA Says Crypto Exchange Binance Has Complied With Its June Requirements
26.8.2021
The U.K. financial regulator, the Financial Conduct Authority (FCA), has announced that cryptocurrency exchange Binance has complied with the requirements it imposed on the company in June. The FCA further clarified that while Binance is allowed to provide some investment services, it is...
IGN Reposts Yanked Palestinian Aid Article Three Months Later
24.8.2021
After a months-long battle between IGN editorial staff and management, an article about how to contribute to Palestinian aid groups that was previously removed has finally been re-published, albeit with some changes.Read more
CFTC commissioner says agency has broad enforcement authority on crypto derivatives
23.8.2021
"A trading platform that offers derivatives on digital assets to U.S. persons without registering, or in violation of CFTC trading rules, is subject to the CFTC’s enforcement authority," said Dawn Stump
Kenyans Cautioned Against Investing in BTC Company Promising Returns of 400% in Six Hours
18.8.2021
A Kenyan regulator, the Capital Markets Authority (CMA), has cautioned investors and Kenyan citizens against investing with Fxbitinvest, a bitcoin trading company. The warning was issued after the regulator noted Fxbitinvest’s use of exaggerated return-on-investment promises to lure...
London Capital Group Fined By Cypriot Authority
17.8.2021
The forex brokerage firm, London Capital Group (Cyprus) Ltd, is facing tough times. The London-based broker’s Cyprus business received a fine of EUR 40,000 as punishment. In a judgment made public on Friday, the Cyprus Securities and Exchange Commission (CySEC) levied an administrative...
Southeast Asia’s Largest Bank DBS Expands Crypto Business to Meet ‘Growing Demand’
13.8.2021
DBS, Southeast Asia’s largest bank, has announced a series of milestones for its crypto business. Its brokerage arm has obtained preliminary approval from the Monetary Authority of Singapore (MAS), Singapore’s central bank, and its crypto exchange will start operating 24-7 to meet...
Iran’s tax authority wants to legalize crypto exchanges
12.8.2021
The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly
Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges
12.8.2021
The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From...
Uganda Blockchain Association Endorses Calls for the Creation of Crypto Regulatory Framework
10.8.2021
Uganda’s blockchain community welcomes the recent call on authorities to create a cryptocurrency regulatory framework, a board member of the Blockchain Association of Uganda (BAU) has said. The member, Suleiman Murunga, explains that such a framework “will create investor confidence...
Singapore to License Digital Payment Providers, Approves Crypto Exchange
8.8.2021
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto...
SEC has no authority over crypto, CFTC commissioner argues
5.8.2021
Former CFTC chairman Christopher Giancarlo argued that the CFTC is the only U.S. regulatory agency that has experience regulating markets for Bitcoin and crypto
SEC Has No Authority Over Pure Commodities Like Crypto Assets, Says CFTC Commissioner
5.8.2021
Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have claimed jurisdiction over the crypto industry. A CFTC commissioner clarified that pure commodities, including crypto assets, or their trading venues are not regulated by the SEC....
HSBC Becomes Latest Bank to Suspend Payments to Crypto Exchange Binance in UK
3.8.2021
HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank told its customers: “We’ve made this...
South Africa Bitcoin Heist: Court Grants Liquidators Authority to Track Missing Africrypt Investor Funds
3.8.2021
A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company....
US Lawmaker Introduces Legislation to Regulate Crypto Assets and Protect Investors
2.8.2021
A U.S. congressman has introduced the Digital Asset Market Structure and Investor Protection Act. The legislation would “provide the Securities and Exchange Commission (SEC) with authority over digital asset securities and the Commodity Futures Trading Commission (CFTC) with authority over...
Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million
30.7.2021
Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million. Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported...
Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze
30.7.2021
The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand...
New bill proposes US Treasury to have full authority over fiat stablecoins
30.7.2021
The bill also calls for the Federal Reserve to be vested with the clear authority to issue a digital dollar
South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes
28.7.2021
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by...
Irish Banks Hail EU’s ‘Radical’ Anti-Money Laundering Push
25.7.2021
Banks in Ireland have welcomed an upcoming reform of the European Union’s anti-money laundering regulations that will affect the crypto space. The Irish banking industry organization voiced support for the changes aimed at disrupting illicit transactions at the union level while calling them...