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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...
Wasabi Wallet to Begin Censoring Coinjoin Transactions
15.3.2022
Wasabi Wallet, a privacy-oriented bitcoin-only wallet, has announced it will start introducing censorship methods into its mixing procedures. The announcement was made on social media, where the official account of Wasabi explained that a blacklist will prevent some UTXOs (unspent transaction...
Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison
15.3.2022
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry...
Wasabi Wallet’s CoinJoin Coordinator to Blacklist Certain Bitcoin Transactions
14.3.2022
CoinJoin is an open-source protocol, so restrictions imposed by one centralized service do not spell the end for these group transactions and the bitcoin privacy they protect
No crypto for criminals: Coinjoin BTC mixing tool to block illicit transactions
14.3.2022
The founder of the Wasabi Wallet called the decision a major setback for Bitcoin’s fungibility, while one of the developers advocated for the use of other privacy coordinators over zkSNACKs
Russia’s Crypto Transactions Plummet to 50% Amidst an Expected Rise
14.3.2022
Cryptocurrencies have become a hot topic in the ongoing political conflict between Ukraine and Russia. While Ukraine is receiving crypto donations from all over the world, many believe Russia will join this trend. This claim is supported by the fact that economic restraints have been put on Russia...
Japanese Crypto Exchanges Told to Block Sanctioned Russians’ Crypto Transactions
14.3.2022
Japan’s top financial regulator, the Financial Services Agency (FSA), and the Ministry of Finance have told domestic crypto exchanges to suspend all transactions with Russians and Belarusians who have been hit with international sanctions.
Per Nikkei and Reuters, Tokyo is moving “in line with...
Western Union Suspends Operations in Russia, Belarus Over Ukraine War
12.3.2022
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western...
Ukraine Asks Tether to Halt All Transactions With Russians, Tether Demurs
11.3.2022
The vice prime minister of Ukraine earlier Friday took to Twitter to make the request
Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion
11.3.2022
Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine....
Block’s Bitcoin Wallet Will Contain a Fingerprint Sensor for Transactions
11.3.2022
The payment giant’s new wallet will be powered by a rechargeable lithium polymer battery and USB-C port
Binance Suspends Transactions With Russian Mastercard and Visa Cards
11.3.2022
Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine. Russians Unable to Use Their...
Buying big? Nearly 30K BTC leaves Coinbase Pro in 3 transactions
11.3.2022
If confirmed, someone could have made a serious commitment to BTC worth over $1 billion
Report: Axie Infinity accounted for nearly two-thirds of blockchain-game NFT transactions in 2021
10.3.2022
In second and third place were sports highlights marketplace NBA Top Shot with $827 million and community gaming platform Loot with $242 million, respectively
Russian Parliament working group: There should be 'mechanisms to control crypto transactions'
10.3.2022
The working group weighed in on the side of the Finance ministry in a call to regulate, not ban crypto
Santander to Offer Loans Backed by Agricultural Commodity Tokens
10.3.2022
Santander is developing the possibility of offering loans backed by tokens that are collateralized in agricultural products. The bank has partnered with Agrotoken, a company that launched a series of agricultural commodity tokens already being used in agriculture-related markets to make...
Bitcoin transaction fees briefly doubled yet remain exceptionally low
9.3.2022
The cost of sending Bitcoin from one address to another has stayed exceptionally low since July 2021 despite spiking in price last week
Cointelli Makes It Easy to Report Coinbase, Binance, and Kraken Transactions to the IRS
8.3.2022
Many crypto exchanges send tax forms to the IRS, each with their own list of supported tokens and info that doesn’t necessarily match up. This can create a lot of confusion for U.S. taxpayers. Luckily, Cointelli can swiftly and reliably create a unified tax report with the push of a button....
Ethereum traders reduce their bullish bets as ETH struggles reclaim $3K
8.3.2022
ETH price is stuck in a rut and these three metrics suggest the downtrend is nowhere near an end
Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia
6.3.2022
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations in the Russian Federation also in response...