Regulation — Page 108

Lithuania's tax authority just completed its first sale of seized cryptocurrencies that includes Bitcoin, Monero, and Ether.

The government partially accommodated the Korea Blockchain Association's request to postpone the implementation of the new crypto tax.

Coinbase announced the removal of the platform's margin trading feature citing recent guidance from the Commodity Futures Trading Commission.

After two decades, Western Union closed its Cuban operations due to U.S. sanctions.

South Africa's Financial Sector Conduct Authority has published a draft declaration that will treat cryptocurrency assets as financial instruments.

The Thai SEC revised its NC rules to accommodate digital asset trading.

The Bank of Japan is collaborating with 30 private sector participants for its digital yen experiment.

Nigerian authorities want the Inkstation executive to face charges.

Pakistan views cryptocurrencies as the start of a new era of digital finance and is looking for ways to effectively regulate the crypto industry.

The Canadian tax agency asked a judge to force the crypto trading platform Coinsquare to hand over customer information.

Hong Kong will require all cryptocurrency trading platforms to apply for a license from the Securities and Futures Commission.

Venezuelans will soon be able to formally receive remittances from abroad in BTC and LTC.

Australia is launching a project that will explore the implications of a CBDC on an Ethereum-based DLT platform.

The Swiss Financial Market Supervisory Authority has approved Gazprombank to offer cryptocurrency services such as Bitcoin (BTC) trading and custody to its clients.

China's central bank published a draft law that will govern the country's CBDC.

The founder of Bitcoin mixers Coin Ninja and Helix is fined by FinCEN for violating BSA and anti-money laundering rules.

The Russian central bank believes a digital ruble could mitigate the effects of economic sanctions.

The Canadian central bank is looking for an economist who is also knowledgeable on cryptocurrency and blockchain.

The Financial Stability Board believes that large-scale adoption of stablecoins could be risky for the stability of the global financial system.

The Korea Blockchain Association wants the government to move the implementation of the new cryptocurrency tax until 2023.

The group's bank account, which was used to receive donations, was deactivated by Nigerian regulators forcing the group to opt for cryptocurrency donations.

The Group of Seven expressed its decision to oppose the launch of Facebook's Libra cryptocurrency.

Many expressed criticism on the FCA's recent ban on crypto derivatives for retail investors.

The U.K.'s FCA has issued a ban on cryptocurrency derivatives such as futures, options, and ETNs for retail investors.

The SEC alleged that John McAfee promoted ICOs without disclosing that he was paid to do so.

The government Abkhazia decided that it is better to regulate the crypto mining industry instead of imposing a total ban on the activity.

The Inland Revenue Department has requested cryptocurrency firms to hand over the personal data of their clients.

Russian is planning to impose tougher measures on those who fail to comply with cryptocurrency reporting requirements.

Europe will soon have a unified set of rules governing the cryptocurrency sector.

Cryptocurrency mining is now legal in Venezuela.

GRAC has postponed the issuance of its rating for the non-fungible token-based game 'Five Stars.'

State power utility firm Thermal Power Plant Holding Company (TPPH) will allow crypto miners to tap into electricity produced from three power plants for their mining activities.

The Gibraltar Financial Servic3es Commission issued new guidance for DLT firms.

The Conference of State Bank Supervisors (CSBS) just launched a new regulatory framework that would govern cryptocurrency and payments companies

Kraken Financial becomes the first Special Purpose Depository Institution in the world.

The U.S. Department of Justice has filed charges against two Russian nationals who stole $16.8 million of cryptocurrency by phishing.

A new report claims that India might be about to impose a ban on crypto trading.

Firms engaged in ICOs, as well as those offering crypto and blockchain-related services, are now required to register with Nigeria's SEC.

Music artist T.I. is facing charges from the SEC and fined $75,000 for his involvement with fraudulent ICO offerings.

When it comes to money laundering, cash is still the preferred asset of choice by criminals.