In a recent announcement, the U.S. Securities and Exchange Commission (SEC) is finally scheduling a public discussion of a possible exchange-traded fund (ETF) using bitcoin. This has been something that many traders a…
Crypto enthusiasts might remember the scandal that was the Mt. Gox incident in 2014, where over $400 million worth of bitcoins were stolen. Since then, the founder of the crypto exchange, Jed McCaleb has had to conten…
A recent announcement revealed that the South Korean Financial Services Commission (FSC) has given its approval for a blockchain-based ID system to be implemented in banking. Called my-ID by ICONLOOP, it is a method f…
Two brothers of Israeli origin have been arrested recently for alleged crimes of stealing $100 million worth of cryptocurrency. The pair is accused of their involvement in the hacking of Bitfinex back in 2016, which w…
Facebook is no stranger to being called by the House of Congress and the Senate, with this happening several times in the past due to the social network’s controversial activities. This time, Mark Zuckerberg’s company…
The American Institute of Certified Public Accountants (AICPA) has proposed an updated set of standards for audit evidence including the accommodation of blockchain-based data.
The Bank of International Settlements (BIS) has cautioned that financial services provided by giant companies like Alibaba, Amazon, Facebook, Google, and Tencent could come with new risks for the banking sector as wel…
The U.S. Internal Revenue Service (IRS) will start auditing taxpayers who own crypto-assets, according to Bloomberg.
The Financial Action Task Force (FATF) will focus on combating money laundering and terrorism financing by strengthening cryptocurrency regulations for its member nations.
Russia is reportedly considering permitting cryptocurrency trading, although a final decision is yet to be made, Deputy Minister of Finance Alexi Moiseyev revealed on Friday as per a report by Interfax.
The Financial Services and Markets Authority (FSMA), a Belgian watchdog, has recently released a report documenting financial crimes notifications it received in 2018. In the report, the agency received a total of 2,0…
Blockchain is considered useful for a lot of things and helping to curb economic disasters was just added to this long list. Regulators in Brazil are now thinking of turning to the decentralized ledger technology in t…
Fisco, the firm that took over the Zaif crypto exchange company after it became the victim of theft via hackers, is now in hot legal water. The Financial Service Agency (FSA) of Japan has deemed it to be in violation …
When Facebook announced that it was launching a cryptocurrency of its own, it created giant ripples of concern all throughout the world. Now that Libra is here, France has taken immediate action and created a task for…
In a recent unsealing of complaints against a Swedish citizen who is accused of committing fraud, the U.S. Department of Justice is pursuing the extradition of Roger Nils-Jonas Karlsson.
The Department of Federal Revenue of Brazil (RFB) on Wednesday published new rules for cryptocurrency exchanges, Cointelegraph reported.
The United States Senate Banking Committee will conduct a hearing on Facebook’s Libra cryptocurrency project on July 16, according to Market Watch.
Russia will soon join the list of countries that have adopted cryptocurrency legislation. The recent development comes on the heels of recent reports that suggest that Russians might be responsible for a huge crypto t…
It would appear that Malaysia is looking towards the future with bright eyes with the recent announcement of the new Malaysia Digital Economy Corporation (MDEC) project. This new initiative is aimed at bringing in som…
The Canadian Securities Administrators (CSA) has included crypto-assets and blockchain technology in its priorities over the next three years.
It would seem that Iceland is once again ahead of most developed countries in what it is trying to achieve with its digital currency and blockchain. This time, the nation’s Financial Supervisory Authority has given th…
It would seem that Nevada is really committed to being as supportive of blockchain initiatives as it can. The state just passed several bills aimed at improving access and investments with regards to projects that mak…
The government of Brazil is seeking to encourage implementation of blockchain and other advanced technologies in all local public administration units, Cointelegraph Brazil reported.
U.S.-based Financial Industry Regulatory Authority (FINRA) has fined and suspended a former financial advisor of Merrill Lynch for mining cryptocurrencies, a violation of the self-regulatory organization’s rules of di…
The Financial Action Task Force (FATF) will reportedly release a note to clarify how participant nations should manage the digital assets sector, Bloomberg reported citing FATF spokeswoman Alexandra Wijmenga-Daniel.
The governor of the central bank of the Philippines has cautioned over the risks of the growing use of cryptocurrencies in the country.
The parliament of Russia, the State Duma, is considering imposing administrative penalties for those who mine cryptocurrencies using open blockchains, media outlet TASS reported.
Republic of San Marino’s captains regent, Nicola Selva and Michele Muratori, have issued a delegated decree, outlining the procedures for registering a blockchain-based organization with the San Marino Innovation Inst…
G20 finance ministers and central bank governors have welcomed the efforts of global regulators on cryptocurrencies and have recommended considering multilateral responses as needed.
The inter-ministerial committee led by the Indian Department of Economic Affairs secretary Subhash Chandra Garg has reportedly proposed a draft bill that seeks to make it illegal to hold, sell or deal in cryptocurrenc…
The European Union has relaxed the wealth of information that can be reused as raw material for blockchain- and artificial intelligence-related projects.
The Australian Tax Office (ATO), the country’s tax agency, is reportedly investigating 12 international tax avoidance schemes with cryptocurrency-related activities, The Sydney Morning Herald reported on Thursday.
The Reserve Bank of India (RBI) has denied having any knowledge of a bill that seeks to impose a complete ban on cryptocurrencies in the country, Bitcoin.com reported.
Despite pioneering crypto ATMs in the world, Vancouver’s authorities are turning their backs against the vending machine, saying it is “an ideal money-laundering vehicle,” and its mayor has also suggested a complete b…
The U.S. Securities and Exchange Commission (SEC) has filed new fraud charges against fintech firm Longfin Corp. and its CEO Venkata S. Meenavalli.
Japanese tax authorities are planning to take action against entities underreporting their cryptocurrency-based profits, according to local news outlet Asahi Shimbun.
The United States Securities and Exchange Commission (SEC) has sued Kik Interactive, the company behind the chat platform Kik, for conducting an illegal $100 million securities offering of digital tokens in 2017.
The Republic of the Marshall Islands (RMI) has created a non-profit organization to help the government establish, maintain, and implement the country’s national digital currency called the sovereign (SOV), according …
The Securities Commission Malaysia (SC) has registered three new cryptocurrency exchanges, namely, Luno Malaysia, Sinergy Technologies, and Tokenize Technology.
Japan has revised its laws to bring more clarity and impose stricter controls over cryptocurrencies, CoinDesk reported.
