Virtual Currency And Blockchain
2nd August 2021
Cryptocurrency crimes and the scale of losses in Hong Kong soared to record levels in the first six months of this year, with one victim conned out of HK$124 million (US$15.9 million). Police logged 496 such cases involving victims losing a total of HK$214.4 million in the first half of… Read More
2nd August 2021
Police have reopened an investigation into an alleged fraud case involving a former chairman of the operator of South Korea’s largest cryptocurrency exchange Bithumb, informed officials said Monday. The Seoul Metropolitan Police Agency has been probing Lee Jung-hoon, former chairman of crypto exchange operator Bithumb Korea, after a group of… Read More
30th July 2021
A Senate proposal to ramp up IRS surveillance over cryptocurrency transactions has the industry and investors questioning the plan’s viability and its promise of generating $28 billion in tax revenue. Cryptocurrency exchanges, investors and their advisers were caught off guard Wednesday when a bipartisan Senate infrastructure agreement was released that… Read More
28th July 2021
Nigeria plans to launch its own crypto currency, called the “e-naira”, in October, its central bank governor said on Tuesday. Nigeria barred its banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February. By Chijioke Ohuocha, Reuters, 27 July 2021 Read more at… Read More
28th July 2021
Brazilian authorities have seized $33 million belonging to shell companies that, according to reports from the Brazilian police, used cryptocurrency exchanges for money laundering purposes. Brazilian courts issued six search warrants in properties linked to these shell companies located in Diadema and in the Capital. These orders resulted in different… Read More
27th July 2021
A U.S. probe into Tether is homing in on whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market. Tether’s pivotal role in the crypto ecosystem is now well known because the token is widely used to… Read More
27th July 2021
South Korea will look to tighten a crackdown on tax evasion by cryptocurrency investors and high-income earners as it seeks fresh revenue to cover rising welfare costs, its finance ministry said on Monday. The government proposes revising tax codes so that tax authorities will be able to seize crypto assets… Read More
26th July 2021
Crypto broker CoinBurp is not fully authorised before Monday’s planned launch of its $BURP token and initial exchange offering, Britain’s Financial Conduct Authority (FCA) said on Sunday, in its latest crack down on crypto trading. But the FCA said CoinBurp could start business under its temporary registration, provided it had… Read More
26th July 2021
Challengers to Australia’s big banks have accused the major lenders of being too cautious towards cryptocurrencies and stifling innovation by denying the fintech sector vital services. As financial services faces a wave of disruption, a Senate inquiry has put the spotlight on simmering tensions over “de-banking,” where fintechs that compete with… Read More
21st July 2021
The European Commission wants to end anonymity in cryptocurrencies and establish a new anti-money laundering agency to enforce tougher rules in a plan to crack down on the proceeds from crime. The proposals launched by financial services commissioner Maireád McGuinness aim to “improve the detection of suspicious transactions and… Read More