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Crypto Exchange Binance Restricts 281 Nigerian Accounts — Some Requested by International Law Enforcement
31.1.2022
Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases [are] restricted at the request of international law enforcement.” 281 Nigerian Accounts Restricted...
IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits
30.1.2022
The International Monetary Fund (IMF) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund and start...
Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests
30.1.2022
A new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes. Bill to Bring...
Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils
29.1.2022
A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the central bank and other...
Nigerian Users Tell Binance ‘Stop Scamming’ — Exchange Platform Rejects Accusation
29.1.2022
Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Blocked Cryptocurrency exchange platform Binance recently became the target of a boycott campaign...
U.S. Congressman wants to scrub bill provision that crypto advocates say is a potential disaster
28.1.2022
Representative Ted Budd stated that the provision would let the Treasury unilaterally prohibit certain financial transactions without public input
Staying cool: Is crypto snowballing to 1 billion users this year?
28.1.2022
Demographics rule: “Younger people are more likely to embrace crypto than older generations.” Meanwhile, the Great Transfer of Wealth is coming
Ministries Queried About Missing 200,000 Bitcoins as Bulgaria Explores Crypto Payments
28.1.2022
The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed...
IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’
28.1.2022
A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to train all of its agents on crypto and non-fungible token (NFT) issues because...
House members urge US Treasury Secretary to clarify definition of broker in infrastructure law
27.1.2022
“We must ensure requirements imposed on the digital asset ecosystem are both crafted and implemented in such a way to ensure the United States remains at the forefront of financial innovation,” said the letter to Janet Yellen
YouTuber Hit With Ungodly Number Of Anime Copyright Strikes Gets A Win For Everyone
27.1.2022
In a new video, Mark Fitzpatrick of the anime YouTube channel Totally Not Mark revealed he not only won a battle in his copyright strike war with Toei Animation but also influenced YouTube to create a new copyright rule for content creators.Read more
Central bank overkill: Russia’s proposed crypto ban and why everyone’s against it
27.1.2022
The harsh language of the CBR’s report sent waves of panic, but now it seems that the regulator might have few allies in the government
US Community on Alert over Draft Law that Could Give Treasury Sweeping Powers over Crypto
27.1.2022
Crypto-advocating lawyers and pro-crypto pressure groups are gearing up for a fresh fight in Washington – as another piece of legislation that could potentially restrict the sector’s ability to grow has appeared on the political landscape. However, one influential lawyer has claimed that...
Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators
27.1.2022
The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry. Proposed Law Does Not Expressly Mention...
NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate
26.1.2022
ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge traditional values and concepts of art and ownership. This particular project is being advised by Mamo TCV Advocates, one of Malta’s leading law firms. At the core of ETH in Mellieha is an Oil Painting that...
Crypto policy advocacy group warns of 'disastrous' provision in a new US bill
26.1.2022
According to Coin Center director, the proposed bill would essentially bypass existing checks and balances on the Treasury Secretary’s authority in surveilling financial institutions, including crypto firms
IMF urges El Salvador to remove Bitcoin's status as legal tender
25.1.2022
According to the IMF's executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity, and consumer protection
IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet
25.1.2022
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision...
U.S. Congressman calls for ‘Broad, bipartisan consensus’ on important issues of digital asset policy
25.1.2022
Representative McHenry is convinced that Congress should take crypto regulation away from executive agencies and courts
Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government
25.1.2022
The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank...