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Head of African Regional Central Bank Calls for Creation of Digital Currency
25.7.2022
The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belonging to the Central African Monetary Union (CAMU). Ndoba reportedly wants the BCAS...
US authorities arrest former Coinbase manager, alleging insider crypto trading
21.7.2022
Three people allegedly used multiple Ethereum wallets to make purchases of certain tokens in advance of at least 14 separate Coinbase public listing announcements
FBI Warns of Fake Crypto Apps — 244 Investors Defrauded, $42.7 Million Lost
20.7.2022
The Federal Bureau of Investigation (FBI) has issued a warning about fake cryptocurrency apps defrauding investors. “The FBI has identified 244 victims and estimates the approximate loss associated with this activity to be $42.7 million,” said the U.S. law enforcement agency....
Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interests
20.7.2022
“It’s time to move the crypto policy debate from "we need regulation" to 'what are the impacts of specific regulatory proposals?’” said Chamber of Progress
South Korean authorities raid 15 entities linked to Terra collapse: Report
20.7.2022
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday
Demand for widely used euro stablecoin is huge, says DeFi expert
20.7.2022
The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone?
Security Service of Ukraine Shuts Down Crypto Mining Farm Near Front Line in Kharkiv
20.7.2022
Ukraine’s main law enforcement agency has busted an illegal facility mining cryptocurrencies in the Kharkiv region. The operators of the crypto farm have been minting coins using large amounts of stolen electricity, threatening energy supply to critical infrastructure, the agency said....
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25
18.7.2022
A crypto lending platform still hopes to stay afloat, but experts doubt such probability
South African Court Releases Former Monero Developer Riccardo Spagni From Custody
18.7.2022
A South African regional court recently ruled to release former Monero lead maintainer, Riccardo Spagni, from custody. The ruling came just a few days after his arrest by local law enforcement agents, a report has said. Prior to his release, Spagni aka Fluffypony told the court he had returned...
Paraguay’s crypto framework one step away from becoming law
18.7.2022
Paraguayan lawmakers have deliberated for a year on a comprehensive crypto regulatory framework that includes considerations for businesses and traders
The regulatory implications of India’s crypto transactions tax
18.7.2022
India’s introduction of new crypto taxes had a negative impact on overall trading, forcing entrepreneurs to move to friendlier jurisdictions
Burdensome but not a threat: How new EU law can affect stablecoins
18.7.2022
Apart from the stringent requirements for stablecoin issuers, there are other areas of concern in the upcoming EU regulation
Andorra green lights Bitcoin and Blockchain with Digital Assets Act
16.7.2022
An analysis of Andorra’s Digital Assets Act and the potential confusion surrounding Bitcoin, blockchain and crypto according to crypto business owners
Vladimir Putin signs bill banning digital assets as payments into law
15.7.2022
Russia’s Parliament is also considering two other bills related to digital assets: regulating miners’ activities, and requirements for firms handling crypto transactions
Putin Signs Law Prohibiting Payments With Digital Assets in Russia
15.7.2022
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary...
Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds
15.7.2022
The interior ministry of Russia has decided to go after those providing money-laundering services to crypto fraudsters, suggesting they should go to prison. The department wants to introduce criminal liability for the activities of these people, also known as ‘droppers.’...
CFTC labels 34 crypto and forex firms as unregistered foreign entities
14.7.2022
"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson
UK financial watchdog exec hints at importance of international collaboration on crypto regulation
14.7.2022
“In the past, innovative firms would have been pleading for less regulation — now they understand and appreciate that rules are there to help provide certainty," said Nikhil Rathi
UK court allows lawsuit to be delivered via NFT
13.7.2022
Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook, and a contact form on a website
UK Treasury Committee opens inquiry into crypto industry
13.7.2022
The public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament on the risks and opportunities related to crypto and DLT