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Kraken Inquires UK Users Regarding Self-Custodial Wallet Activity, Cites Local Regulations
14.2.2024
Kraken, a prominent cryptocurrency exchange, has recently introduced a new requirement for its users in the United Kingdom. According to a recent post shared by James Van Straten, Kraken is now mandating that its UK users verify their self-custodial wallets or validate their wallet identities...
Zimbabwe to Launch ‘Structured Currency’ Linked to Gold, Says Finance Minister
14.2.2024
The Zimbabwean government plans to launch what it calls a “structured currency.” Some commentators and social media users have expressed skepticism over the government’s latest currency plans. Zimbabwe’s Structured Currency The Zimbabwean Finance Minister, Mtuli Ncube, has said...
South Korea Exchange Association Petitions OKX for Offering Services Without Approval
7.2.2024
A group of cryptocurrency exchanges known as the Digital Asset Exchange Alliance (DAXA) has reported rival OKX to the financial authorities in South Korea. According to a Feb 7 report, OKX faces regulatory scrutiny by South Korean authorities after a report that it targeted local traders without...
South Korea Imposes Stricter Punishments For Crypto Trading Offenses
7.2.2024
South Korea’s financial regulators have slated July 19 for the implementation of the Virtual Asset User Protection Act and the Virtual Asset Industry Supervision Regulations. According to local media outlets, The Financial Service Commission (FSC) disclosed on Feb 7 the date for both regulations...
Spanish Treasury Proposes Tax Reform to Allow Cryptocurrency Seizures
5.2.2024
The Spanish Treasury is proposing a tax reform to allow the seizure of cryptocurrency assets when liquidating tax debts. According to local sources, the proposal would also allow the state administration to embargo these digital assets as it is giving the first steps by declaring electronic money...
China Gears Up for Updated Crypto AML Laws: Report
31.1.2024
China is reportedly planning to enhance surveillance over the burgeoning crypto sector, by amending its anti-money laundering (AML) laws to include crypto transactions. A group of executives, chaired by Prime Minister Li Qiang discussed the ‘revised draft’ of the AML regulations on January 22....
Binance to Reduce Stake in South Korean Digital Asset Exchange GOPAX
31.1.2024
Cryptocurrency exchange Binance is looking to reduce its majority stake in GOPAX, a digital asset exchange based in South Korea. According to a new report from local media sources, Binance is considering selling some of its shares. The exchange will reveal its decision within a month or two citing...
Hong Kong Initiates Probe into Worldcoin Over Privacy Fears
31.1.2024
OpenAI CEO Sam Altman’s Worldcoin project continues to raise privacy concerns — and is now under probe in Hong Kong. Local media outlet HKET reported that Hong Kong’s data protection authority investigated six Worldcoin booths, using a court warrant on Wednesday. They also requested the operators...
BRICS Meeting: Iran Pushes for Common Currency — China, Russia Prioritize Settlements in Local Currencies
31.1.2024
The first BRICS sherpa meeting with 10 member states has kicked off in Russia with representatives from Brazil, Russia, India, China, South Africa, Saudi Arabia, the United Arab Emirates, Iran, Egypt, and Ethiopia. China, Russia, and Iran are all advocating for the use of national currencies...
BitPanda to Cease Operations in Netherlands Following New EU Regulations
30.1.2024
Dutch users of the crypto exchange Bitpanda will no longer be able to utilize the platform, a January 26 company email has revealed. Bitpanda’s “mission to cooperate and comply with the latest regulatory landscape” “Bitpanda is committed to its mission to cooperate and comply with the latest...
Transak Partners With Visa for Rapid Crypto to Fiat Conversion in 145 Nations
30.1.2024
On Tuesday, Transak, a company specializing in payment infrastructure, revealed its partnership with the financial services powerhouse Visa. This collaboration aims to empower users in 145 nations with the capability to seamlessly exchange their crypto holdings into local fiat currencies...
Hong Kong to Strenghten OTC Crypto Market Regulation
29.1.2024
Hong Kong will now focus on regulating over-the-counter (OTC) cryptocurrency trading, according to local sources. Under Secretary for Financial Services and the Treasury Joseph Chan Ho-lim stated that the government will aim to mitigate the risks of virtual assets amidst the rising interest...
Bank of Japan Holds First CBDC Meeting with Key Finance Officials
29.1.2024
Japan’s central bank and the Finance Ministry reportedly had their first meeting to discuss a potential central bank digital currency (CBDC) on Friday. Local outlet NHK News reported that executives from relevant ministries and central bank directors discussed issues regarding a CBDC. The Ministry...
Crypto Forensics Breakthrough: Finnish Authorities Trace Monero in High-Profile Hack
28.1.2024
The National Bureau of Investigation in Finland has reportedly made significant progress in tracing Monero (XMR) transactions as part of an ongoing investigation into the criminal trial of Julius Aleksanteri Kivimäki. Kivimäki stands accused of hacking a private mental health firm’s database...
Estonian Government Approves Extradition of Crypto-Fraud Accused Duo to the US, Again
27.1.2024
The Estonian government has once again approved the extradition of the two alleged masterminds behind the Hashflare crypto mining Ponzi scheme to the United States. According to a local news report, the government has met the conditions for the men’s extradition set by the Tallinn Circuit Court....
Chinese Investors Are Turning to Crypto Amidst a National Stock Market Slump
27.1.2024
Chinese investors are increasingly putting part of their portfolios in cryptocurrency due to the state of the national stock market. According to reports, investors are using exchanges like Binance or Okx, or Hong Kong local exchanges, to purchase crypto using payment methods like Alipay...
Russian Crypto Miners Blamed for Siberia Power Outages
26.1.2024
Russian power providers say crypto miners are to blame for “mass” electricity outages during recent cold snaps. Per Interfax, Rosseti Siberia, the local branch of the state-run power provider Rosseti, “recorded an increase in the volume of illegal mining at the end of 2023 in a number of regions...
Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023
24.1.2024
The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...
Bloomberg: Don’t Blame Bitcoin ETFs For Crypto Market Dump – Here’s the Latest
23.1.2024
Bitcoin ETFs are not to blame for Bitcoin (BTC)’s seismic price drop this month, according to Bloomberg ETF analyst Eric Balchunas. Tapping a fresh multi-year high of $49,000 on January 11, the launch of several U.S.-based Bitcoin spot ETFs that same day has appeared to mark a definitive local...
Hong Kong Set to Host This Year’s Bitcoin Conference, Lawmaker Says
22.1.2024
Hong Kong will host The Bitcoin Conference this year, local lawmaker Johnny Ng said in a recent post on X. “The Bitcoin conference, the world’s largest fintech conference, is coming to Hong Kong. Let’s paint the city orange!” he wrote. In a separate post, the official X account of...