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New York Mayor urges state to abandon ‘stifling' BitLicense scheme
28.4.2022
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement
Report: Afghans Use Crypto to Curb Taliban’s Influence on Their Financial Well-Being
26.4.2022
Afghan residents are reportedly acquiring digital assets that they use to preserve their savings and to diminish the ruling Taliban’s ability to affect their financial well-being. Since the militant group seized control, the value of crypto transactions per week has in some cases doubled,...
Tesla Hodls Bitcoin: Balance Sheet Shows $1.26B in Digital Assets
22.4.2022
Elon Musk’s electric car company, Tesla, is hodling bitcoin. The company’s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year. Tesla Continues to Hodl Bitcoin Tesla released its earnings...
The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022
21.4.2022
“We have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean,” said Philip Davis, prime minister of the Bahamas
Bahamas to Allow Citizens to Pay Taxes With Digital Assets
21.4.2022
The government of Bahamas released a white paper detailing the future of its digital-asset sector and saying it will let citizens pay taxes with crypto
Co-Founder of Zimbabwean Fintech Startup: ‘Everyone Has a Right to Access Funds and Financial Freedom’
21.4.2022
Cryptocurrencies have been proven to be a financial tool that can be used to store value or make payments by those excluded from the financial system. Yet, despite this being true in many jurisdictions, many of those that might benefit from cryptocurrencies are still not using them. Regulatory...
FCA veteran becomes interim head of financial regulator's digital assets unit
20.4.2022
Victoria McLoughlin will be responsible for supervising crypto firms based in the U.K. as well as supporting development of a regulatory framework in line with government policy
FCA Names Interim Head for Digital Assets Unit
20.4.2022
The U.K.'s Financial Conduct Authority appointed Victoria McLoughlin as interim head of its digital assets department
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
18.4.2022
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict...
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
17.4.2022
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market for digital assets. Russian...
Mozilla to Reinstate Crypto Donations — Organization Will Not Accept Proof-of-Work Cryptocurrencies
13.4.2022
During the first week of January, the software community Mozilla revealed it was pausing cryptocurrency donations after citing environmental concerns. 14 weeks later, Mozilla decided last week it will accept crypto donations again, but only from digital assets that leverage a proof-of-stake (PoS)...
Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates
9.4.2022
Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles....
‘I’ve never paid with crypto before’: How digital assets make a difference amid a war
9.4.2022
For many Ukrainians and Russians, digital assets have become the means to support themselves and their loved ones during the crisis
South Korean Intelligence Service Informs Crypto Exchanges About Cyberthreats
8.4.2022
The South Korean state intelligence agency is now providing crypto trading platforms with information about attempts to breach their cybersecurity. The help for the country’s digital asset exchanges comes amid growing threats, local media reported. Intelligence Service Offers Cybersecurity...
Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions
7.4.2022
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions. Employing Bitcoin to Evade...
Ecuadorian Police Seize Assets of Fortunario Due to Alleged Illegal Money Collection Operations
5.4.2022
The Ecuadorian Police and the prosecution of Ecuador have raided several locations linked to Fortunario Digital Assets, a company that was allegedly making illegal collections of money related to forex and cryptocurrency business. The operation also encompassed the seizure of more than $7 million...
Chinese Messaging App Wechat Reportedly Suspends Accounts Linked to NFTs
4.4.2022
Wechat, the Chinese messaging app, has reportedly suspended accounts that are linked to non-fungible tokens (NFTs). The objective of the crackdown is to stop the use of the affected accounts in promoting NFTs. The Widening Crackdown on Digital Assets The Chinese messaging app Wechat recently...
Recent Poll Suggests 21% of Americans Have Dabbled in Crypto
3.4.2022
A recent poll conducted by NBC News indicates that one in five Americans has used cryptocurrencies by either investing or trading digital assets. The findings suggest that crypto assets continue to become more popular as 21% of the 1,000 participants surveyed have “dabbled” in crypto...
Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says
2.4.2022
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia...
White House OSTP to Examine Whether Digital Assets Impede Efforts to Curb Climate Change
1.4.2022
On March 9, United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets, a precursor to upcoming digital asset and Blockchain legislation feared by many in the industry. As part of this executive order, the White House Office of Science...