The country’s Ministry of Treasury and Finance recently announced the completion of a draft bill that will establish the legal framework for crypto assets.
Authorities confiscated the crypto mining rigs in six separate raids between February and April on the island of Borneo.
The crypto exchange announced that it is winding down support for stock tokens on Binance.com to shift its commercial focus to other product offerings.
Regulators are increasingly concerned about the growing presence of big-tech retail settlement platform operators that might soon offer settlement options based on private cryptocurrencies.
The country’s securities market regulator said in a statement that the Binance Group is not authorized to operate and provide investment services in Italy.
Crypto is not listed as one of the topics that could “tentatively” be up for discussion during the Monsoon Session of Parliament, which starts on July 19.
ICICI Bank, the largest private sector bank in the country, updated its remittance form requiring clients to declare that they will not use foreign remittances to buy digital currencies abroad.
While investors are worried over regulatory scrutiny, Wu Jihan is optimistic that it would end up helping the crypto industry in the long run.
Financial Services Commission (FSC) Chairman Eun Sung-soo said that foreign exchanges that deal in Korean won must also comply with the country’s anti-money laundering requirements.
Rival crypto exchanges reported a surge in new customers after FCA issued its warning to Binance.
The idea of offering crypto trading on its platform was first discussed in a PSE top management meeting two weeks ago.
Thailand’s Securities and Exchange Commission filed a criminal complaint against the crypto exchange for operating without a license.
The South African Reserve Bank and other regulators appear to be tightening their control over crypto transactions in the country.
She believes that the inclusion of crypto assets in retirement funds is a good way to protect its value against inflation.
This could encourage financial institutions to confidently enter into partnerships with platforms, which is a requirement in the registration process of exchanges.
Authorities were also able to seize more than a million euros in cash and arrested individuals believed to be connected with the syndicate.
The Iranian government has reportedly issued new licenses for crypto mining farms even as it temporarily halts all mining activities until the end of summer.
The regulator emphasized that it has not granted any license or authorization to the crypto exchange or any of its subsidiaries.
The crypto exchanges' move could be part of their preparations to have their applications for registration approved by the Financial Intelligence Unit (FIU).
The two South African brothers, who founded the crypto investment app Africrypt in 2019, disappeared along with 69,000 BTCs worth around $4 billion at their April peak.
Tehran police chief General Hossein Rahimi revealed that the crypto mining machines were found at an illegal farm located in an abandoned factory west of the city.
Another Latin American country could be on its way to becoming a global crypto hub as a pro-crypto lawmaker in Paraguay is set to present Bitcoin legislation in Congress next month.
Recent reports say that some exchanges have halted the trading of some high-risk coins this week to comply with stricter rules in the industry.
The World Bank declined El Salvador’s request for help citing environmental and transparency concerns.
South Korean banks have also appealed to the FSC to limit their liabilities for financial crimes on crypto exchanges.
Recent reports suggest that the Indian government might opt to classify Bitcoin (BTC) as an asset class, which would make it possible for Indian investors to continue trading in the crypto.
The Central Bank intends to files charges against the erring firms if its investigations eventually reveal that there were unauthorized financial intermediations
Sen. Pat Toomey (R-Pa.) wrote a letter to Treasury Secretary Janet Yellen saying that the proposed FinCEN counterparty rule would impose a heavy burden on crypto firms but may not combat illicit activity.
Contrary to some press headlines, even such a dramatic shift does not inherently constitute a financial stability risk as long as it happens in an orderly manner, says Christina Segal-Knowles.
With the law in place, it becomes mandatory for all businesses in the country to accept BTC.
El Salvador is determined to become one of the crypto havens with its perks targeting crypto businesses and entrepreneurs.
The move to ban cross trading is part of a raft of amendments to the Act on the Reporting and Use of Certain Financial Transaction Information.
The FCA extended the deadline for the Temporary Registrations Regime (TRR) giving crypto firms more time to comply with requirements.
Twenty crypto platforms had the chance to air their grievances with the government in the meeting held on Thursday, June 3.
The central bank explained that with the country’s Supreme Court decision last year, the circular is no longer valid.
The Financial Services Agency issued a formal warning letter to Bybit Fintech Limited claiming that the crypto derivatives exchange’s operators are allowing Japanese citizens to leverage the platform and that Bybit ha…
In an announcement on Friday, the task of overseeing the crypto market was finally delegated to the Financial Supervisory Services, the country’s financial regulator.
The Senate banking committee, which is headed by Senator Sherrod Brown, the CEOs of Bank of America, Citigroup, and Wells Fargo for its annual oversight on Wall Street firms.
The bank has invited two participants from the country’s financial sectors, which signals the transition from in-house testing to cooperation with external partners.
Lars Rohde, governor of the country’s central bank Danmarks Nationalbank, does not see crypto as an economic threat but is more concerned if big tech's entry into payments, which could erode the central bank's autonomy.
