India’s Chief Economic Adviser Says Crypto Without Regulation Is Like ‘A World Of Caribbean Pirates’

The perception of the world of crypto by several regulators stumped by the limited oversight they can have over the markets is often negative, as they view it as a potential tool for shady business and illicit transactions.

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FTX’s Bankman-Fried Pitches CFTC on Directly Clearing Customers’ Crypto Swaps

Sam Bankman-Fried faced a full room of derivatives industry giants and regulators to argue for FTX’s proposal to directly clear transactions.

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Crypto mixers’ relevance wanes as regulators take aim

Cryptocurrency mixers offer users a higher level of privacy and anonymity for their transactions, but often run into trouble with regulators.

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Exchanges Continue Pushing Hires to Assist With Regulation as Blockchain.com Hires Ex-Deutsche Bank Executive

Blockchain. com is preparing for a peaceful partnership with regulators as it beefs up its compliance department with a former SEC official. Mr. C. J. Rinaldi will look to help the company craft a global regulatory framework, as more people globally are taking part in crypto transactions.

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South Korea: Foreign Exchanges Limit Transactions Following Strict Crypto Regulations

Regulators around the world are cautious about the rise of cryptocurrencies. South Korean authorities are not an exception. The Governor of Bank of Korea, Lee Ju-Yeol, stated that Bitcoin “has no intrinsic value.

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DEXs could see demand boost as regulators target centralized exchanges

From indictments against figures behind BitMEX to banks blocking transactions, and then Binance, some CEXs are under pressure. Is this an industry-wide phenomenon?

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How BlackHat Coin Will Give You Back Control of Your Privacy with Untraceable Transactions

At the end of 2020 and the beginning of 2021, crypto exchanges crackdown on privacy coins. This resulted in Monero, Zcash, Dash, and others being de-listed from these platforms. Regulators from around the world exerted pressure on these entities to “reduce the risk” and “protect” consumers from the alleged dangers of these cryptocurrencies.

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Crypto to Crypto Transactions are Taxable in Australia – Strict Reminder from ATO

The taxation of cryptocurrencies is a contentious issue at the moment. Regulators worldwide have taken a serious interest, particularly because certain investors are generating enormous profits from the crypto market, some of which are not recorded on tax returns.

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Indonesian regulators consider tax on cryptocurrency transactions

Officials are considering a tax on all cryptocurrency transactions in Indonesia.

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South Koreans to Face Tougher Crypto Laws to As Regulators Tackle Cases of Money Laundering

The South Korean financial authorities are tightening up regulations in a bid to combat illegal transactions and money laundering. The post South Koreans to Face Tougher Crypto Laws to As Regulators Tackle Cases of Money Laundering first appeared on BitcoinExchangeGuide.

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South Korea aims to “pay special attention” to Bitcoin and crypto transactions

South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today. The post South Korea aims to “pay special attention” to Bitcoin and crypto transactions appeared first on CryptoSlate.

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What Is It About Ripple That’s Illegal?

Along with the vast popularity of cryptocurrency and related assets, we’re seeing a lot of the exchanges and ecosystems where transactions take place become places of conflict and fear, as regulators seem to crack down arbitrarily on financial activity related to the use of new defi assets.

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Digital ruble could be still vulnerable to fraud, Russian banks warn

The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble.

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US Regulators May Soon Collect Data on All Crypto Transactions Above $250

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SEC Wants to Start Scrutinizing Binance Chain Transactions

Company executives anticipated regulators might one day take an interest in Binance Chain

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Abra Crypto App Charged by SEC for Transactions Affecting Thousands of US Stock and ETF Purchases

Abra cryptocurrency app has been charged by two U. S. regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The company has agreed to cease-and-desist orders as well as fines.

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Why Banks Keep Blocking Cryptocurrency-Related Transactions

The close interaction between traditional finance and regulators is the key element in the development of the cryptocurrency industry.

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Simplified Blockchain Tech Is Helping Bring Banks out of the Stone Age

An archaic blockchain technology helps a technology company convince U.S. bank regulators that the transactions are free of money laundering.

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Switzerland: FINMA Approves InCore Bank to Carry Out Cryptocurrency Transactions

Swiss financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA) has given the go-ahead to InCore bank to engage in digital asset transactions, the bank announced recently. FINMA Approves InCore Bank for Cryptocurrency Transactions Swiss regulators continue to make crypto-banking services easily-accessible for customers as according to a recent development, the FINMA has given theRead MoreRead More.

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Swiss Regulators Green Light Crypto Transactions for Local Bank

InCore bank becomes the first Swiss business-to-business bank approved by the financial watchdog to operate with digital assets.

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South Korea: Regulators Mulling Taxing Cryptocurrency Gains

South Koreans cryptocurrency traders could soon find themselves busy doing taxes. According to a report by Decrypt published on May 30, 2020, the South Korean Ministry of Strategy and Finance has proposed taxing profits made via crypto-fiat transactions.

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Presumed Guilty: Financial Watchdogs See Crypto as Illicit by Default

Why do regulators assume that crypto transactions carry increased risks?

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South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies

South Korean regulators are reportedly considering a 20% income tax on income from crypto transactions

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Libra testnet proceeds 51,000 transactions

Despite the resistance of world regulators, the Facebook's cryptocurrency project, Libra, continues thriving. In two months, thousands of transactions were logged on Libra testnet.

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Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?

Reports show that fiat currency is still the favorite choice for money laundering, with 2–5% of all transactions being illicit, yet regulators ferociously attack AML policies

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New Singapore Payment Services Act Includes Forensic Crypto Tracking

Financial regulators in Singapore are looking to implement robust crypto tracking as part of efforts to combat financial crimes. This move comes as authorities are set to introduce the country’s new Payment Services Act.

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Bitcoin use for illicit activities is only 2%, while 21% transactions are lawful and 77% are unclassified

Cryptocurrency adoption around the globe has been on the rise as regulators and governments realized that it cannot be banned completely. However, one of the major roadblocks toward widespread adoption has been the views of a few naysayers who have often claimed that the nature and technology behind cryptocurrencies made it easier for money laundering […] The post Bitcoin use for illicit activities is only 2%, while 21% transactions are lawful and 77% are unclassified appeared first on AMBCrypto.

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Privacy Coins Must Change to Survive as Delistings Loom

Privacy coins are facing a threat over the latest regulatory requirements for transparency. Relatively well-accepted assets like Dash (DASH), Monero (XMR), and ZCash (ZEC) will have to comply with almost impossible demands, reported Bloomberg.

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Dash and Bitcoin should not be differentiated by regulators over Dash’s Privacy Coin status, says Ryan Taylor

Privacy Coins receive a lot of criticism from the community for their privacy-oriented transactions as such virtual assets were recently delisted from various exchanges due to regulatory concerns.

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Regulators Discuss Controversial FATF Rule Before G20 Summit

Prior to the upcoming G20 Summit, regulators are discussing the Financial Action Task Force's rule that would see cryptocurrency exchanges verifying $1,000 transactions, focusing on the kind of ramifications too much regulation can have.

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Beyond KYC: Regulators Set to Adopt Tough New Rules for Crypto Exchanges

Exchanges will likely have to collect information about their clients' crypto transactions under new global standards expected in June.

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Beyond KYC: Global Regulators Appear Set to Adopt Tough New Rules for Crypto Exchanges

Exchanges will likely have to collect information about their clients' crypto transactions under new global standards expected in June.

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Binance Reveals Hack Information as Security Becomes a Public Concern

This article was originally published by 8btc and written by Vincent He. Since May 1, 2019, bitcoin’s price has been rising, reaching a top of over $6,000. As the whole cryptocurrency industry was enjoying the rise, an unexpected hack put a stop to the rise of bitcoin.

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Chinese Crypto Scene: WeChat Asserts Bitcoin & Altcoin Related Transactions Are Verboten

China’s Regulators Clamp Down On Bitcoin & Crypto… Again As you remember (or maybe not), China has long been an integral part of the crypto space. It is the home of Bitmain, a massive Bitcoin.

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Crypto Hacks Are on Track to Eclipse $1 Billion in Lost Funds This Year

Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $400 million as a result of hacks and thefts.

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Bitcoin Trader Sentenced to Two-Year Prison Term

Bitcoin trader Jacob Burrell Campos was sentenced on April 8, 2019, to serve a two-year prison sentence and to forfeit more than $800,000 “for operating an unlicensed money transmitting business.

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With Latest Partnership, Ledger Vault Offers a Fix to Crypto’s Custody Problem

Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).

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Breez Wants to Make the Lightning Network More User Friendly

New announcements around Bitcoin’s Lightning Network have been coming almost nonstop lately, with new exchanges, wallets and other services popping up seemingly every day.

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After QuadrigaCX: New Regulations for Canadian Exchanges Are in the Works

As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.

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CipherTrace Partners with Maltese Regulators to Manage Risk of Financial Crimes

CipherTrace, a blockchain analytics company, is partnering with the Republic of Malta’s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes.

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Proposed Texas Bill Would Require ID Verification for Crypto Use

A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment.

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Ripple (XRP) Stumble as Regulators Stay Silent on Coin Status

Ripple prices in range mode Fuzzy regulations impede XRP adoption. Transactions volumes drop, prices dip As long as there is doubt on XRP status, financial institutions, as well as processors, will steer clear.

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$8 Billion Coinbase Faces Backlash for Latest Acquisition

Bitcoin exchange giant Coinbase has acquired Chainalysis competitor Neutrino in an effort to enhance its compliance efforts and regulatory relationships. Neutrino uses blockchain analytics to identify potential money laundering or other illegal transactions on the blockchain.

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US Agencies Top List of Law Enforcement Requests Sent to Crypto Exchanges

As the crypto industry grows, its increased use by both innocent cryptocurrency investors and malicious cyber criminals does as well. This has prompted government agencies and financial market regulators to take a deeper look at crypto transactions in order to track down potential criminal behavior in hopes of finding evidence that will lead to successful.

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Huobi Resumes Operations in Japan as a Fully Regulated Exchange

Huobi is back in Japan, this time as a fully regulated exchange under Japan's Financial Services Agency (FSA). Following its merger with BitTrade, Huobi Japan Holding Ltd.

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Altcoins Daily Preview: Monero (XMR) and Cardano (ADA) Headwinds, Sellers Firm

Latest Cardano News Cardano’s objectives are not far-fetched. By taking a slow and measured approach in dealing with a “machine” that will in the future handle financial transactions as well as comply with regulators requirement demands diligence.

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South Africa to Start Tracking All Cryptocurrency Transactions in 2019

Owning bitcoin in South Africa just got a little harder, or at least it will do by the end of quarter one this year. According to a consultation paper published yesterday by the South African Reserve Bank (SARB), some hefty new regulation surrounding and exchanges and ATMs is about to be enforced.

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Huobi Group Sets Up Communist Party Committee in Beijing

As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company.

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8 arrested for running $68M cryptocurrency Ponzi scheme in Japan

Japan has another cryptocurrency scam to recover from as police have arrested a group suspected of running a cryptocurrency pyramid scheme. Today, Tokyo police arrested eight men thought to be connected to a Ponzi scheme that collected over $68 million in cryptocurrency from around 6,000 people, local news the Asahi Shimbun reports.

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