Chinese authorities continue to crackdown against bitcoin miners after they seized 49 second-hand Bitmain ASIC Antminers from unnamed individuals that recently attempted to smuggle in the devices usin...
Tag: Regulation
UK Police Return $5.4 Million to Cryptocurrency Fraud Victims – Regulation Bitcoin News
The U.K. police have returned over $5.4 million to victims of an international cryptocurrency scam. The police say that almost $10 million more will be returned to victims. So far, 127 more people hav...
Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors – Regulation Bitcoin News
Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million. 11 People Arrested so Far in Cryptocurrency...
Biden gearing up to issue executive order on crypto regulation
US President Joe Biden will reportedly issue an executive order in the week of February 21st, which will direct state agencies to begin formulating a government-wide plan to regulate crypto assets. Th...
Coinsmart CEO: regulation is the ‘undertone of our entire business’
The Trudeau government ordered last week cryptocurrency exchanges to disclose to the national police service “any information about a transaction or proposition transaction” linked to more than 30 cry...
Russian Finance Ministry Considering Central Bank Proposals in Regulation Plans
Russia’s finance ministry will consider proposals on cryptocurrencies from the central bank, on the condition they do not conflict with its own approach. Were the conflicting parties to find a resolut...
IRS to activate second ‘surge’ team to handle millions of backlogged tax returns
Two weeks ago, the Internal Revenue Service said it was reassigning 1,200 staffers as a “surge team” of reinforcements tasked with cutting into a backlog that included millions of unprocessed returns ...
Fed Bans Senior Officials From Cryptocurrency Investing – Regulation Bitcoin News
The Federal Reserve has banned its senior officials from investing in cryptocurrency. “Officials covered by the new rules will have 12 months from the effective date of the rules to dispose of all imp...
Russian government fails to forge a consolidated stance on crypto regulation
On Feb. 18, the Russian Ministry of Finance kicked off public consultations on the rules of cryptocurrency issuance and transactions. While a welcome development, it is less than the country’s crypto ...
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills – Regulation Bitcoin News
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue un...
CNN Parent Found Allison Gollust’s Remarks on Jeff Zucker Relationship Were Misleading
Allison Gollust resigned as CNN’s communications and marketing chief after the network’s parent determined she misled investigators about her relationship with former President Jeff Zucker and violate...
UAE Prepares to Launch Nationwide Crypto Licensing System in Line With Global Standards – Regulation Bitcoin News
The United Arab Emirates (UAE) is getting ready to start issuing federal licenses to cryptocurrency service providers in the first quarter. The UAE crypto regulation will take a hybrid approach. The g...
FBI Launches ‘Virtual Asset Exploitation Unit’ With Specialized Team of Crypto Experts – Regulation Bitcoin News
The Federal Bureau of Investigation (FBI) has launched a new unit to tackle crypto exploitation. The new team will work with the National Cryptocurrency Enforcement Team of the Department of Justice (...
US Lawmaker Introduces Bill to Protect Privacy in Cryptocurrency Transactions – Regulation Bitcoin News
A U.S. congressman has introduced the “Keep Your Coins Act” in order to “preserve Americans’ right to privacy in transacting with crypto assets.” The lawmaker says, “this legislation would prohibit an...
Ukrainian Parliament Adopts Amended Virtual Assets Law – Regulation Bitcoin News
Ukrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature...
Xi calls for more tech laws, signals more regulation ahead
The Great Hall of the People is seen after the closing meeting of the fourth session of the 13th National People’s Congress (NPC) on March 11, 2021 in Beijing, China. VCG | Visual China Group | ...
US State Wants to Lead in Crypto Acceptance — Colorado to Accept Crypto for Tax Payments This Summer – Regulation Bitcoin News
The U.S. state of Colorado is preparing to accept cryptocurrency for tax payments, said Governor Jared Polis. “We expect to accept crypto by this summer,” he said, adding that after tax payments, cryp...
Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank – Regulation Bitcoin News
It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The ...
The Republic of the Marshall Islands Allows Registration of DAOs as Legal Entities – Regulation Bitcoin News
The Republic of the Marshall Islands has announced it will allow decentralized autonomous organizations (DAOs) to become legal entities. At the time of writing, only one DAO has successfully incorpora...
Russian Finance Minister Favors Crypto Regulation Over Blanket Ban
The Russian finance ministry does not favor banning the usage, trading, and mining of cryptocurrencies as advocated by the central bank, the Minister of Finance said. Rather than banning cryptocurrenc...
Regulators won’t let Boeing certify new 787 jets for flight
Federal safety regulators say they will retain power to approve Boeing 787 airliners for flight rather than return that authority to the aircraft maker, which hasn’t been able to deliver any new Dream...
Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’ – Regulation Bitcoin News
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is de...
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation – Coinotizia
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to l...
Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto – Regulation Bitcoin News
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regu...
‘Keep Your Coins’ Bill Introduced To Congress Following Canada’s Emergency Seizure Of Trucker Assets
Yesterday, U.S. Congressman Warren Davidson (R-OH) introduced “Keep Your Coins” legislation designed to prevent federal restriction on individual user’s virtual currency or wallet transactions. The bi...
President Lukashenko Signs Decree to Create Crypto Wallet Register in Belarus – Regulation Bitcoin News
President Alexander Lukashenko has signed another decree regulating the crypto economy of Belarus. It envisages the establishment of a register for cryptocurrency wallets and addresses certain legal a...
Retirees, pay attention – inflation is on the rise
Americans are spending more money because of high inflation — this can be a big problem for older individuals living on a fixed budget. Inflation is at a 40-year-high, at around 7.5% in January, acco...
SEC Warns Against Interest-Bearing Crypto Accounts — Says They’re Riskier Than Bank Deposits – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement acti...
Is Russian Crypto Regulation Under Threat; Govt. Officials Fail to Reach A Consensus
Top Russian officials have failed to reach a deal on how to regulate crypto despite President Vladimir Putin’s request for them to find a compromise. Russia’s Central Bank Chief Elvira Nabiullina has ...