Lithuania has just completed its first sale of seized cryptocurrencies. With the current crypto market rally, it was a well-timed move as the tokens, composed of Bitcoin (BTC), Ether (ETH), and Monero (XMR), fetched more...

South Korea originally planned to impose a 20 percent cryptocurrency tax by 2021. But it appears that the government has considered the appeals made by crypto industry bodies and have ultimately decided to delay its...

Coinbase announced that customers will no longer be able to use the platforms margin trading feature starting today. The San Francisco, California-based crypto exchange said that the move is due to regulations by the...

After operating for more than two decades, Western Union just closed up shop in Cuba. Its departure will likely increase cryptocurrency adoption in the country as people will be forced to look for alternatives for its...

Cryptocurrency assets will be treated as financial products in South Africa under a recently published draft declaration by the countrys financial regulator, the Financial Sector Conduct Authority (FSCA). The move came...

Thailand is making it easier for businesses to put up cryptocurrency exchanges in the country. The Securities and Exchange Commission (SEC) has made revisions to its net capital (NC) rules which could help securities firms...

Japan will be experimenting with the possible issuance of its central bank digital currency next year. The countrys top three largest banks will be joining the project as part of a group of 30 private sector...

Nigerian authorities are asking the public to help them locate Omotade Sparks Amos Sewanu, the alleged mastermind of the Inksnation cryptocurrency scam. On a notice published on November 11, the nations Economic and...

Unlike a few countries that imposed a ban on cryptocurrency, the Pakistan government recognizes the potential of digital currencies, such as Bitcoin(BTC) and Ethereum (ETH), and is now looking for ways to regulate the...

The Canada Revenue Agency (CRA) wants to get its hands on the records of a cryptocurrency firm as part of its efforts to fight tax fraud. Canadas tax authority is asking a federal court to compel the Toronto-based crypto...

Hong Kong is planning to make changes to the regulations that govern its crypto industry. Specifically, the financial hub is pushing to regulate all cryptocurrency trading platforms operating in the territory whether or...

Facing hyperinflation at home, Venezuelans have been using cryptocurrencies such as Bitcoin to receive remittances from abroad as well as a store of value. The Maduro government recently announced plans of incorporating...

Australia is joining an increasing number of countries that are seriously considering the issuance of their own central bank digital currency (CBDC). The countrys central bank has recently formed a partnership with three...

Gazprombank (Switzerland) Ltd. can now offer cryptocurrency services in the country. The Zurich-based financial institution, which is a subsidiary of Russias third-largest bank, has been approved by the Swiss financial...

Compared to other countries, China is a step ahead in the central bank digital currency race with its digital yuan already being testing in major cities. The countrys central bank is likewise moving ahead with the...