regulation

crypto, Chile's opposition leader owns Ethereum, But he is a skeptic of the crypto

Chile’s opposition leader owns Ethereum, But he is a skeptic of the crypto

Although he calls himself a crypto “skeptic,” a Chilean opposition party leader has called for crypto to be recognized. As an asset class and claimed to have ethereum (ETH) holdings. According to a report from DF Mas, Giorgio Jackson, the founder of the Democratic Revolution political party. Which has ten seats in the lower chamber […]

crypto

On Tuesday, lawmakers will vote on an unaltered crypto tax bill

The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation. And any crypto firm deemed to be a “broker” will be subject to broad third-party reporting requirements. On Monday, Jake Chervinsky, Compound Labs’ general counsel, tweeted. That the US Senate had voted 68 in favor to 29 against ending the […]

IMF

Making Bitcoin a national currency, according to the IMF, is a “inadvisable shortcut”

The International Monetary Fund (IMF) has issued a new warning as El Salvador prepares to make bitcoin (BTC) legal tender in September. The move is “an inadvisable shortcut,” according to the IMF. While governments must “step up” to provide the benefits offered by the technology underlying cryptoassets. As well as leverage new, digital forms of […]

crypto mining

China has banned crypto mining in Anhui Province

The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]

Tether Blacklists 46 Million Tether in Ethereum Addresses

Tether Blacklists 46 Million Tether in Ethereum Addresses

Tether (USDT) blacklisted 39 Ethereum addresses worth USDT $46 million, with 24 assets totaling over USDT $5.5 million blacklisted this year. This announcement came as a result of the first blacklist of an Ethereum address owned by the Center, containing US $100,000. Philippe Castonguay, an Ethereum researcher at Horizon Games, used Dune Analytics to create […]

A Chinese official indicated that crypto will inevitably be part of the digital capital market.

China Needs to Reform the Crypto Laws, Former Official Says

Xiao Gang, former Chairman of the China Securities Regulatory Commission, said the country is facing a digital economic transition. So they need to follow the right rules for the fast-growing crypto-market. He spoke at the 19th Pushan Lecture of the China Finance 40 Forum, or CF40, which was held online on 7 July. Several officials addressed […]

FINMA wants to bring stricter AML rules for crypto transactions

FINMA Wants to Bring Stricter AML Rules for Crypto Transactions

The Swiss Financial Market Supervisory Authority (FINMA) suggests a plan to bring stricter anti-money laundering rules for crypto transactions. As per the proposal, crypto transactions of over 1,000 Swiss Francs will require client identification as opposed to the current limit of 5,000 francs. FINMA said the new limit is due to heightened money laundering risks […]

fca releases revised fee structure for crypto businesses in UK

UK’s FCA Revises Crypto Business Registration Fee

Following a series of consultative forums with the virtual assets community, UK’s Financial Conduct Authority (FCA) has recently revealed that its revising crypto businesses registration fee upwards. This regulator has henceforth rolled on two distinct registration fees for crypto-based businesses. According to reports, the registration fee structure has revised based on a round table meeting […]

UK High Court freezes $1million bitcoin in ransomware case

UK High Court Freezes $1M of Bitcoin in Ransomware Case

A UK High Court ordered a proprietary injunction on Bitcoin obtained through a ransomware attack on a Canadian Insurance Company. The proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject to a proprietary claim. The UK High Court releases documents concerning a ransomware attack on […]