According to the email, Russian citizens or residents will not be able to access BitMEX services from the European Union from July 11. BitMEX is looking to become more compliant with Western sanctions...
Tag: Imposes
New York imposes a ban on proof-of-work Bitcoin mining
The state of New York has approved a controversial ban on proof-of-work mining. The bill will impose a ban on any new Bitcoin mining activities in the state. Under this bill, New York will be in the s...
Biden imposes stricter rules on crypto
The ups and downs in the value of major crypto, including of course Bitcoin, combined with the debacle of the Terra (LUNA) ecosystem, has instilled worries in the Biden leadership. Biden’s US returns...
Portugal Imposes Taxes on the Exchange of cryptocurrencies
One of the Crypto tax-free countries, Portugal was called a crypto heaven country due to its absence of crypto-related taxation on any earnings reported on crypto transactions. Portugal is now plannin...
US Treasury control Department Imposes New Sanctions on N.Korean Democratic People’s Crypto Mixer
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed new penalties against Blender.io, a cryptocurrency mixer used by the Democratic People’s Republic of Korea (DPRK). This...
Indonesia Officially Imposes 0.1% Tax and VAT on Crypto Income and Purchases
According to the Times of India, Hestu Yoga Saksama, director of tax regulations at the Ministry of Finance, has confirmed that the government has decided to impose a 0.1% tax charge on incomes emanat...
US Treasury Imposes Sanctions on North Korean Crypto Mixer
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced fresh sanctions on a cryptocurrency mixer called Blender.io, which happens to be used by the Democratic People...
Kazakhstan imposes strict energy consumption reporting requirements on crypto miners
Kazakhstan has imposed new reporting requirements that seek to determine the energy consumption rate by crypto miners. The order requires every crypto-miner in the country to provide detailed informat...
AMF Fines a Financial Investment Advisor, Imposes a Ban on Its Manager
The Autorité des Marchés Financiers Enforcement Committee said on Wednesday that it issued a reprimand and imposed a fine of EUR 150,000 on financial investment advisor Auvergne Investissement Hôtels....
US Treasury Department Imposes Sanctions on Russian Crypto Mining Firm Bitriver
The United States announced that it has added Bitriver, a Russian cryptocurrency mining firm, to its sanctions list. The latest movement is part of the US ongoing efforts to block Russian companies f...
EU Imposes Fifth Round of Sanctions on Russia Targeting Crypto
The fifth wave of sanctions also involved a new ban on four major Russian banks which makes up about 23% of the market share in the Russian banking sector. The European Union (EU) has announced a new ...
Nigeria’s Central Bank Imposes $1.9M Penalty on 3 Domestic Banks for Crypto Transactions
Nigeria’s central bank has reportedly fined three domestic lenders for allowing transacting in cryptocurrencies. The action is in line with the apex bank’s 2021 circular, where the Central Bank of Nig...
ASIC Imposes $63M Civil Penalties in H2 2021 for Violations
The Australian Securities & Investments Commission (ASIC) released a six months enforcement update on Monday, reporting that it has imposed AU$84.3 million (around $63.4 million) in civil penaltie...
India Imposes 30% Crypto Tax, But Politicians Are Fighting Back
Key Takeaways A new finance bill has passed a vote in the upper house of the Indian Parliament. The bill enforces a 30% tax on crypto trading profits and a 1% tax of all crypto transactions. Several m...
Indian Government Imposes New Crypto Laws Affecting Investor Sentiment
It has been obvious for so long that the Indian Government viewed the advent of cryptocurrencies to be a danger to the economy. So, finance minister Nirmala Sitaraman announced various policies relate...
FINRA Imposes $75,000 Penalty on Crown Capital
Financial Industry Regulatory Authority (FINRA) has recently penalized Crown Capital Securities for paying nearly $19.3 million in transaction-based compensation to unregistered entities. Crown Capita...
CySEC Imposes Administrative Fine of €3,000 on CIF Atlantic Securities Ltd
On January 24, the Cyprus Securities and Exchange Commission announced that it imposed an administrative fine of €3,000 on CIF Atlantic Securities Limited for non-compliance and market abuse. In its n...
Myanmar’s Military Junta Imposes Crypto Ban; Penalty of Up to One Year Imprisonment
The military junta in Myanmar has recently drafted a bill that seeks to ban the use of digital currencies and virtual private networks (VPNs) in the Southeast Asian country. The bill, which has alread...
Thailand imposes 15% capital gains tax on cryptocurrencies
TL;DR Breakdown Thailand finally passed a crypto regulation framework to see crypto stakeholders paying a 15% tax on capital gains. The country’s government aims to make cryptocurrencies a better trad...
Thailand imposes 15% capital gain tax on cryptocurrency
Thailand’s regulatory authority has decided to levy a 15 percent capital gains tax on all cryptocurrency profits, following the considerable growth in the size and value of the country’s digital asset...
Kosovo Imposes Temporary Ban on Crypto Mining, Facing Local Electricity Crisis
Cryptocurrency miners in Kosovo are facing a temporary ban on crypto mining from the government to curb electricity consumption as the country faces a severe energy crisis. The country has reported se...