Kazakhstan, one of the world’s biggest Bitcoin (BTC) mining hubs, announced plans to introduce new crypto regulations to reduce tax fraud and unlawful business operations. A new law signed by Kazakh P...
Tag: Purposes
New York introduces bill to legalize crypto payments for state purposes
Legislators in New York introduced a bill in the local senate on Jan. 26 that could allow state agencies to recognize cryptocurrency as a legal payment. If the bill in question — New York Assembly Bil...
UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes – Finance Bitcoin News
Starling Bank has informed its customers that the bank no longer supports fund transfers to cryptocurrency platforms, including crypto exchanges. The bank stated that cryptocurrencies “are high risk a...
US tax watchdog classifies NFT as digital assets for tax purposes
The U.S. Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the...
A digital euro would not be used for commercial purposes, ECB’s Lagarde says
A digital euro issued by the European Central Bank (ECB) “will not be used for commercial purposes,” according to Christine Lagarde, the central bank’s president. The ECB provides “the guarantee that ...
Digital Euro Would Not be Used for Commercial Purposes: Christine Lagarde
Christine Lagarde, the President of the European Central Bank (ECB), has given her word that the proposed Central Bank Digital Currency (CBDC) for the region dubbed the Digital Euro will not be used f...
Accused Bitcoin Laundrer asked to access crypto wallets for tax purposes. –
Heather “Razzlekhan” Morgan and her husband Ilya Lichtenstein have alleged for laundering 119,754 Bitcoin looted at the time of the attack on crypto exchange Bitfinex in the year 2016. She also wants...
Alleged Bitcoin Launderer ‘Razzlekhan’ Wants Access to Crypto Wallets for Tax Purposes
Heather “Razzlekhan” Morgan, who, along with her husband Ilya Lichtenstein, is accused of laundering 119,754 Bitcoin stolen during the hack of cryptocurrency exchange Bitfinex back in 2016, has asked ...
Professor re-uploads Tornado Cash code to GitHub for research purposes
Matthew Green, a professor of Computer Science at Johns Hopkins University, re-uploaded the source codes of Tornado Cash (TORN) and Tornado Nova on Github, saying he has been using the code for teachi...
Johns Hopkins University professor re-uploads Tornado Cash code on GitHub for teaching purposes
Johns Hopkins University professor of computer science identified as Mathew Green has re-uploaded the code for Ethereum (ETH) mixing service Tornado Cash on GitHub days after the platform’s suspension...
punished for being created for criminal purposes
The Dutch agency that arrested Tornado Cash developer Alexey Pertsev says it was punishing him for creating a tool to commit criminal acts. Tornado Cash: the reason for Pertsev’s arrest This was reve...
Bit.com Rolls Out USD Perpetual Trading for Diversification Purposes
To eliminate overreliance on a single type of stablecoin, Singapore-based crypto exchange Bit.com has rolled out USD perpetual trading, starting with BTC/USD and ETH/USD pairs. Therefore, the ETH/USD...
Almost Three out of Four Argentinians Are Willing to Purchase Crypto for Investing or Saving Purposes – Emerging Markets Bitcoin News
A new survey, whose results were released earlier this week, has given more insight into how Argentinians view cryptocurrencies and how they might put them to use. The survey found out that eventually...
Australia’s CoinJar is latest to use SHIB for promotional purposes
Australia’s CoinJar, one of the country’s longest-running cryptocurrency exchanges, has announced the launch of a Shiba Inu-themed promotional campaign. This will be part of its efforts to celebrate i...
A Decentralized Community Rescue Token For Humanitarian Purposes
Advertisement     Ukan Token (UKAN), a rescue token built as a decentralized community for humanitarian purposes, was launched by a group of crypto activists. UKAN is ...
Coinbase Purposes Use Of Cryptocurrencies To Prevent Sanction Evasion
Highlighting the possibility in traditional finance structures to evade compliance with economic sanctions, well-known crypto exchange Coinbase purposed to use cryptocurrencies to prevent laundering a...
Hillary Clinton Urges Regulation of Crypto Exchanges for National Security Purposes in Wake of Russian Sanctions
Former Secretary of State Hillary Clinton is imploring cryptocurrency exchanges to deny access to Russian users as part of the United States’ broader effort to apply economic pressure after Vladimir P...
Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes – Coinotizia
India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on I...
Mitsubishi UFJ Trust to Issue Cryptocurrency for Trading Purposes and Payments
Yuri Molchan Mitsubishi UFJ giant plans to launch its own cryptocurrency – again, after trialing RippleNet Japan-based Mitsubishi UFJ Trust intends to integrate blockchain technology for settlin...