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Information, AML/CFT steps are key to fighting international digital crime, DOJ report says
8.6.2022
The Justice Department report, mandated by the president executive order on digital asset development, recommends more efforts along the lines already being pursued
New York Governor yet to commit to signing Bitcoin mining ban into law
8.6.2022
“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months,” said Governor Hochul
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
7.6.2022
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region
New Japanese law may allow seizure of stolen crypto
7.6.2022
Under the current variation of the law, there is no explicit procedure outlined for law enforcement officers to seize illegally obtained crypto from crime organizations
Nintendo's Big Piracy Case Is A Very Sad Story
7.6.2022
Back in February, Gary Bowser—who in most media reports has been described as a ‘hacker’—was sentenced to 40 months in prison for his role in selling cheat and modification devices for Nintendo hardware. Being a court case, most of the reporting dealt only with names on a page and cold facts, but...
Japanese Justice Ministry Wants Law Enforcers to Have Power to Seize Crypto
7.6.2022
Japan’s Ministry of Justice wants to give courts and police officers the power to seize cryptoassets in criminal cases – and could allow the state to take control of tokens that have been used in money laundering operations....
Read More: Japanese Justice Ministry Wants Law Enforcers to Have...
Survey: More Than 70% of Salvadorans Believe the Bitcoin Law Has Not Improved Their Personal Finances
6.6.2022
A recent survey has offered some insight into the real opinions Salvadorans have about the implementation of the Bitcoin Law in the country. The survey, carried out by the University Institute of Public Opinion of the José Simeón Cañas Central American University, found that most...
Antsy Lithuania Latest to Anticipate EU Crypto Law With One of Its Own
6.6.2022
Ministers don’t want a crypto disaster to happen while they’re waiting for Brussels lawmakers to dot the i’s on landmark MiCA legislation, but some warn their plans could wreck the sector
A life after crime: What happens to crypto seized in criminal investigations?
5.6.2022
Like with any kind of property, law enforcement has the right to sell your coins and spend the money
Japan Adopts Legislation Establishing Legal Framework for Stablecoins
3.6.2022
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of...
Japan passes bill to limit stablecoin issuance to banks and trust companies
3.6.2022
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse
South Africa Charges Former Monero Lead Developer With 378 Counts of Fraud and Forgery
3.6.2022
Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies. Fluffypony Pleads Not Guilty The so-called crypto mogul...
Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments
2.6.2022
The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in...
Alleged Hydra Administrator Refuses to Provide Access to His Crypto Wallet, Report Claims
1.6.2022
A Moscow court has ordered the seizure of the crypto wallet of one of the alleged administrators of darknet market Hydra. Media reports reveal, however, that the man — who was arrested in Russia in mid-April — is refusing to share access to his presumed crypto stash with Russian...
Russian central bank signals agreement with crypto law revisions: Report
31.5.2022
A top Russian central bank official said at a press conference that the monetary authority will permit foreign trade with crypto
Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill
29.5.2022
A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working...
Belarus Has Seized Millions of Dollars in Crypto, Chief Investigator Claims
29.5.2022
Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars. Companies...
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
28.5.2022
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More...
Bulgarian Crypto Trader Disappears Under Mysterious Circumstances
27.5.2022
The whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto trader, are unknown since Monday. Law enforcement officials are now investigating his possible abduction while some in the local crypto community speculate he might be hiding from disgruntled investors. Bulgarian...
How Terra’s collapse will impact future stablecoin regulations
27.5.2022
The collapse of algorithmic stablecoin UST created a ripple effect not just in the crypto market but among world regulators as well