The government of fifteen nations has joined hands to fight against money laundering in cryptocurrencies. With this move, these nations can trace the movement of funds for illicit purposes…
Overstock, a US-based online retailer has planned to make its security token cryptocurrency exchange, tZero public. The trading will be operational from Aug. 12…
Crypto scams are not new to hear. This time it is a crypto scam in Australia. The Queensland police have charged five people for running a cryptocurrency scam worth $2.7 million. More than 100 Australians fell prey to this scam…
Californian dark web drug dealers who happen to be a couple will have to forfeit their cryptocurrency riches. This is because they have pleaded guilty of running the dark web drug operation ring…
United States House of Representatives has introduced a tax bill that will allow the exclusion of gain or loss on like-kind exchanges of virtual currency. The bill is called ”virtual value tax fix act of 2019”. Ted Budd, a Republican Congressman from North Carolina, decided to reintroduce this crypto tax bill.
The South Korean crypto exchanges will now be directly under the control of the country’s regulatory body, Financial Services Commission. Currently, the Financial Intelligence Unit(FUI) indirectly controls exchanges through administrative guidance to banks…
Seoul is nearing several significant milestones in its journey towards becoming a blockchain smart city. Seoul’s native cryptocurrency will soon roll out. It will reward its citizens with the native crypto dubbed, S-coin for using public services…
The British tax agency HM Revenue & Customs (HMRC) has demanded customer and transaction information from cryptocurrency exchanges. It has sent out official letters to several exchanges based in the UK requesting customers’ names and transaction histories…
Israeli Bitcoin investors are facing a hard time to pay their taxes in the country. The Israeli banks have refused to accept deposits from cryptocurrencies’ profits. Citing the money laundering and terrorist financing concerns, the banks do not want to accept deposits from cryptocurrencies…
A panel monitoring U.N. sanctions says North Korea earned as much as $2 billion dollars through large-scale cyberattacks and cryptocurrency heists. The country will apparently help fund its weapons programs…