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EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...
Argentine Billionaire Marcos Galperin Says Bitcoin a ‘Better Store of Value Than Gold’ as Officials Plan to Print More Pesos
15.1.2021
Argentine billionaire and CEO of the e-commerce platform Mercado Libre, Marcos Galperin says bitcoin is a better store of value than gold. However, the billionaire thinks the crypto will not replace fiat currency due to what he terms the high “energy cost required to process...
Central Washington Raises Concerns Over Possible Bitcoin Mining Boom
12.1.2021
A region in the Pacific Northwest of the United States is on high alert because of concerns about a possible invasion of bitcoin (BTC) miners. The state has previously experienced an influx of Chinese bitcoin miners, due to decreasing electricity prices. Bitcoin Bull-Run Could Revive Interest...
As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016
8.1.2021
Finland’s customs officials have revealed plans to sell 1,981 bitcoins that were seized mainly in connection with drug trafficking-related criminal investigations. The majority of the confiscated bitcoins (1,666) are from the Douppikauppa case, the darknet operator who was arrested in 2016....
FinCEN's wallet rule is open for another day of comments because 'government officials can’t count to 15'
6.1.2021
The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed
Russian officials must disclose their crypto holdings by June 2021
11.12.2020
Russian officials finally prepare to disclose their crypto
Putin Orders Russia’s Public Officials to Report Crypto Holdings
11.12.2020
Russian civil servants must start reporting their crypto assets as the country's first crypto law comes into force in January
Newly Appointed Ukrainian Politician Declares Owning Over $24 Million in Monero
11.12.2020
A 19-year old Ukrainian politician disclosed all the property he owns during an anti-corruption procedure, mandatory for all public officials in Ukraine, who revealed that he holds millions of dollars worth of monero (XMR). 19-Year-Old Ukrainian Politician Discloses Its Monero Holdings Rostislav...
G7 Officials Stress Need to Regulate Digital Currencies: US Treasury
7.12.2020
The U.S. Treasury Department issued a statement following a virtual call with other G7 members
Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”
4.12.2020
Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government...
New Dutch Law: Clients Must Explain Why They Want To Buy Bitcoin
19.11.2020
Netherlands-based crypto exchanges are now required by law to get additional information from clients regarding their bitcoin addresses. As part of the new requirements, which went into effect on Nov. 17, clients must now furnish exchanges with reasons why they wish to buy bitcoin. They will also...
Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
12.11.2020
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report...
VeChain charts 23% weekly growth as Chinese officials talk usage post-epidemic
11.11.2020
VeChain is riding a strong tailwind on favorable developments out of China
Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering
30.10.2020
Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money transmission and the court claims the couple’s bitcoin stash...
South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme
27.10.2020
A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme. The raid at Clynton and Cheri Marks’ home on October 26...
Russian Public Officials Must Now Declare Their Crypto Holdings as Income
23.10.2020
Public officials in Russia will now be required to declare all the crypto assets they hold as income. The measures are with effect from Jan. 1, 2021, local media reported. Russia’s prosecutor general Igor Krasnov declared: “Starting next year, civil servants will be required to declare...
Russian officials must now declare crypto holdings
22.10.2020
The move reverses a 2018 decision that officials did not have to declare crypto holdings
CipherTrace gives officials tips on how to uncover criminals' crypto caches
14.10.2020
CipherTrace has published comprehensive guidance intended to help law enforcement identify signs of crypto usage when conducting investigations
Officials voiced privacy concerns over China’s blockchain-powered hospital
4.10.2020
Despite pushing for greater blockchain implementation, privacy was a sticking point for some officials
Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners
2.9.2020
In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto...