UK’s FCA takes action against illegal crypto ATM operators

The U. K. Financial Conduct Authority (FCA) is cracking down on illegal crypto ATMs in the country, stating that they pose a money laundering threat. According to a May 5 statement, the regulator worked with regional police to inspect Exeter, Sheffield, and Nottingham sites.

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Blockchain firm JVH acquires crypto platform NFT Inspect

NFT Inspect is a web-based app and browser extension for Web3 and NFTs. JVH Technology Inc. has acquired full ownership of the Social Intelligence application. Co-founder Stefan Mai and Evan King have left the project to pursue other interests within the industry.

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Bitcoin Boasts the Most Auditable Ledger, CoinMetrics Reports

EOS and Binance Chain are harder to inspect.

The post Bitcoin Boasts the Most Auditable Ledger, CoinMetrics Reports appeared first on Crypto Briefing.

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Bulgarian Tax Authority to Inspect Crypto Exchanges and Traders

The National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws.

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Spanish Crypto Holders Under Scrutiny as Authorities Seek to Prevent Tax Fraud

The Spanish Ministry of Finance will inspect the holdings and operations of 15,000 taxpayers as part of its efforts to prevent tax evasion and fraud.

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Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds

The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC).

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Japanese Regulators Urgently Respond to Zaif’s Hack

Following the hack of Zaif, one of Japan’s regulated crypto exchanges, the country’s financial regulator immediately responded, launching an emergency inspection of the exchange and a survey of all other crypto exchanges.

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Polymath Brings Automated Securities One Step Closer

If you’ve ever invested in an ICO, you know that one part of the investing process is still stuck in the twentieth century. After researching via invisible wireless networks, and deciding to invest with instant digital currency, you still have to wait days—or weeks—for someone to visually inspect a scan of your passport.

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