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July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’

10.8.2022
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications...

Iran Places First Official Import Order With Cryptocurrency Worth $10 Million

10.8.2022
Iran has placed its first official import order using cryptocurrency worth $10 million, according to a government official. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,” the official added. Iran...

As Government Takes on the Tornado Mixer, It May Reap a Whirlwind

9.8.2022
Tornado Cash isn’t a company, a service or a person – it’s a series of words, and likely protected by the U.S. First Amendment

US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC’s SDN List

8.8.2022
On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus Group. OFAC Sanctions Tornado Cash...

US Government Amps Up Inevitable Clash With Crypto Privacy in Tornado Cash Blacklisting

8.8.2022
The Treasury Department says Tornado Cash abetted $7 billion of money laundering, but that’s not likely to quiet crypto enthusiasts as they fight to stay anonymous

US Treasury sanctions USDC and ETH addresses connected to Tornado Cash

8.8.2022
The protocol was at the center of some recent hacks and exploits in decentralized finance, including a $375-million attack in February and a $100-million hack in June

US ethics advisory on federal employee's crypto has basis in legislation

8.8.2022
The Office of Government Ethics reminded federal agency ethics officers of current law and extended its interpretation of the law to mutual funds

Lebanon Ponzi Finance: World Bank Says Politicians Are to Blame for the ‘Deliberate Depression’

8.8.2022
Deliberately insufficient policy responses by successive Lebanese governments combined with the self-serving agreements by politicians are largely to blame for the country’s economic crisis, a report by the World Bank has said. The report concludes that the country needs to seriously engage...

Renowned Investor Jim Rogers Warns Governments Want to Control Crypto — ‘They Want to Regulate Everything’

8.8.2022
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests...

230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation

5.8.2022
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s...

Indian authorities freeze $8.1M in WazirX funds as part of AML investigation

5.8.2022
The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route."

US lawmakers request crypto firms provide info on diversity and inclusion

5.8.2022
“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies," said the letter

Indian Government Raids Director of Binance-Owned Crypto Exchange WazirX, Freezes $8.14M

5.8.2022
The Directorate of Enforcement (ED) has seized bank assets belonging to crypto exchange WazirX in light of a government probe

Kosovo Renews Crypto Mining Ban Amid Rising Energy Prices

5.8.2022
The government of Kosovo has adopted measures tailored to maintain energy supply in the coming months, including a ban on cryptocurrency mining. The move comes amid a sharp increase in import prices and the restrictions can be extended for up to six months. Authorities in Kosovo Reinstate Ban...

Lessons From the Turkish Government's Hasty Attempt to Regulate Cryptocurrencies

3.8.2022

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies

3.8.2022
South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been...

Brazil Might Approve Its Cryptocurrency Law This Week

3.8.2022
This week, the Chamber of Deputies in Brazil might approve a cryptocurrency bill introduced earlier this year. According to the leader of the Federal Government in the Chamber, Ricardo Barros, the bill is set to be discussed, but there are still no reports on a possible vote as the Chamber is...