Hong Kong Welcomes Proposals To Allow Spot Crypto ETFs – Report

Regulatory authorities in Hong Kong are contemplating the inclusion of individual investors in spot Crypto ETFs, as part of their strategic initiatives to cement the city’s position as the primary digital asset hub in the Asia-Pacific region, a report disclosed Monday.

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Taiwanese officials confiscate $320m in nation’s biggest crypto money laundering operation

Taiwanese authorities have arrested an individual suspected of laundering a record $320 million through digital assets, marking the largest case of crypto-related money laundering in the country's history.

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Securitize Ventures Beyond The U.S, Extends Tokenized Coins To The U.K

Securitize, a blockchain company headquartered in the United States and renowned for its expertise in tokenizing real-world assets, has expanded its operations to Europe. Related Reading: US Authorities Drop Charges Against SBF Involving Campaign Finance Funds The company entered the Spanish General Secretariat of the Treasury and International Finance’s specialized sandbox for digital asset securities. […]

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Coinbase-backed Rain secures crypto license in UAE

Rain crypto exchange has secured a regulatory license from United Arab Emirates (UAE) authorities. Rain Exchange, a Bitcoin (BTC) trading venue headquartered in Bahrain, has secured regulatory approval from UAE authorities to operate its digital assets brokerage and custody platform.…

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Legal Intervention: Bored Ape Thefts On Counterfeit OpenSea Site Result In Charges

Amid the current uncertainty in the crypto and NFT market, a Morrocan man who created a forged version of the OpenSea digital marketplace has fallen into the hands of the US prosecutors. Earlier today, the authorities filed charges against Soufiane Oulahyane for allegedly embezzling over $400,000 worth of cryptocurrency and nonfungible tokens (NFTs), including two Bored […]

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UK authorities unveil  guidelines for crypto reform

The Law Commission of England and Wales has issued recommendations to reform the legal framework surrounding digital assets.

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Switzerland seizes $26M tied to Do Kwon, Terra

Swiss authorities seized millions of dollars of crypto linked to Terraform Labs and its associates, Digital Asset said on June 24. The news outlet said that authorities froze $26 million of Bitcoin and other digital assets held at the Zurich-based Sygnum Bank.

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Ripple Obtains In-Principle Approval for Major Payments Institution License in Singapore

Authorities in Singapore have awarded 190 Major Payment licenses, and 11 of these have gone to Digital Payment Token companies.

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Pakistani Authorities Lay Groundwork for Imminent Ban on Crypto Assets

In a significant move, Pakistani authorities have taken decisive steps to prepare for a comprehensive ban on cryptocurrency assets within the country. Citing concerns related to illicit activities, money laundering, and financial stability, the government aims to tighten regulations around digital currencies.

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SEC Slams Bitcoin Miner Marathon Digital With Another Subpoena As Firm Shares Its Quarterly Report

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White House Makes Case For 30% Crypto Mining Tax, Cites Economic And Energy Factors As Key Drive Behind Policy

Digital asset miners are under the radar of authorities once again concerning energy consumption and its impact on the environment. The White House released a report focused on digital asset mining, sustainable development, and “fair” taxation in the sector.

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Authorities raid Upbit and Bithumb in connection with South Korean crypto scandal

Prosecutors conducted a raid on two prominent South Korean cryptocurrency exchanges, Upbit and Bithumb, as part of an ongoing investigation into allegations surrounding independent lawmaker Kim Nam-kuk's digital assets.

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UK Tax Authorities Consider Seizing Crypto From Businesses 

The UK's HMRC may get powers to seize digital assets from crypto exchanges.

The post UK Tax Authorities Consider Seizing Crypto From Businesses  appeared first on BeInCrypto.

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Hong Kong authorities remind banks not to be too hasty in rejecting digital asset clients

Increasing familiarity with virtual asset clients will make Anti-Money Laundering measures easier with time, and the firms should be treated reasonably, the HKMA says.

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Binance.US-Voyager acquisition moves on amid resolution with US authorities

Voyager, the Unsecured Creditors Committee (UCC), and the US government have reached an agreement that will enable the much-anticipated Binance.US-Voyager acquisition. After several months of uncertainty, the victims of the once prominent but now-bankrupt Voyager Digital may soon be made…

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Majority Of Crypto Investors Evaded Taxes In 2022, Study Shows

A digital currency tax firm, Divly, recently conducted a study revealing that nearly all digital asset investors did not pay taxes on their crypto holdings in 2022. A staggering 98% of crypto investors did not report their digital asset transactions to the tax authorities, evading their tax obligations.

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Singapore introduce new guidelines to help banks authenticate customers in cryptocurrency space

According to insiders familiar with the matter, Singaporean banks are teaming up with authorities to establish consistent standards for screening potential customers in the digital assets and cryptocurrency sectors.

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Crypto Biz: A spotlight on Binance, Galaxy Digital swings to profit, China’s blockchain push

Binance handles fear, uncertainty and doubt surrounding its business future following a lawsuit from U.S. authorities.

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Novogratz calls for liberal crypto regulations, names AI as real threat

Mike Novogratz has urged US authorities to take a more liberal approach toward regulating crypto. The Galaxy Digital CEO says the current onslaught on the web3 space, majorly due to Sam Bankman-Fried’s alleged fraudulent practices, is akin to “throwing away…

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Japanese prime minister says DAOs and NFTs help support government’s ‘Cool Japan’ strategy

Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions.

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SEC Commissioner Reminds Industry Experts “What Crypto Is Really About” As Market Rebounds

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‘Pig Butchering’ Crypto Scam: Europol Seizes $1 Million, Arrests 15 In Massive Call Center Fraud

European authorities detained 15 suspected crypto scam individuals and shuttered a large-scale operation of call center networks that allegedly stole hundreds of millions of euros from victims by selling counterfeit digital currencies.

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Crypto Conglomerate DCG Under Investigation By U.S. Authorities

Digital Currency Group, better known as DCG, is currently under investigation by U.S. authorities.  According to a report by Bloomberg, U.S. prosecutors in New York – specifically, the city of  Brooklyn  – are assessing the internal transfers between the multibillion-dollar crypto conglomerate and its crypto lending arm, Genesis Global Capital. The crypto lending company has […]

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Barry Silbert’s DCG is reportedly being investigated by US SEC and New York authorities

Following the decision of the Digital Currency Group (DCG) to shut down its wealth management unit, United States authorities are now reportedly investigating the company's internal financial transfers. 

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Digital Currency Group (DCG) Reportedly Under Investigations From US Prosecutors

Digital Currency Group (DCG) is facing investigations from US authorities over its internal financial transactions, Bloomberg reported. The post Digital Currency Group (DCG) Reportedly Under Investigations From US Prosecutors appeared first on BeInCrypto.

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Digital Currency Group under investigation from U.S. authorities over internal transfers

Following liquidity issues, Genesis suspended all withdrawals involving parent company DCG last month. U. S. authorities have since launched an investigation into the company's internal financiaThe post Digital Currency Group under investigation from U.

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Financial Stability Board To Set Global Standards For Crypto Regulation In 2023

Crypto regulations have been deliberated in and out of the industry. However, recent events have raised concerns about the lack of regulation on digital assets. The U.S. Securities and Exchange Commission, Congress, and some global authorities have been trying to up their game to bring a clear regulatory pathway for crypto. It is supposed to […]

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Russia closes biggest digital asset deal in Chinese Yuan

Russian authorities have approved the country’s first legal digital asset deal using the Chinese Yuan. The transaction, worth about 58m Chinese yuan ($8. 3m), became the biggest legal deal of its kind in Russia.

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Feds seized $3.36 billion worth of bitcoin linked to Silk Road darknet market

U.S. Attorney Damian Williams announced Monday that authorities had seized over 50,000 bitcoins, allegedly linked to the illegal online marketplace, Silk Road. At the time of the seizure, the digital currency was valued at around $3.36 billion. Silk road fraud…

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Riyadh to host global fintech experts as the Kingdom ramps up to transform into a truly digital economy

Centered around Saudi Arabia’s national economic development strategy and Saudi Vision 2030, Trescon brings World Fintech Show to the Kingdom, which aims to connect global fintech innovators with enterprises, investors, policymakers, government authorities, and collaborators to redefine and re-energize financial services by adopting the most impactful technologies.

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Japanese prime minister says gov't investment in digital transformation will include Metaverse, NFTs

According to Fumio Kishida, the government of Japan's investment in digital transformation included issuing NFTs to local authorities using digital solutions.

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Digital Euro Could be More Popular Beyond EU's Borders: Lagarde

Authorities in the EU, U.S. and other jurisdictions need to compare notes on central bank digital currencies to regulate them better, according to the ECB chief.

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Australia embraces CBDCs, but where does Ethereum come in

To the surprise of absolutely no one, Australia is now testing a CBDC. Central Bank Digital Currencies have been up for debate for a long time now. While some authorities consider them hazardous and pThe post Australia embraces CBDCs, but where does Ethereum come in appeared first on AMBCrypto.

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Korean tax authorities seize $185M worth of crypto from tax evaders since 2021

South Korean authorities have seized approximately $185 million worth of digital assets from tax delinquents since 2021, Yonhap news agency reported on September 22. The post Korean tax authorities seize $185M worth of crypto from tax evaders since 2021 appeared first on CryptoSlate.

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Binance In Talks With Nigeria, Looks To Establish A Crypto-Friendly Zone

Authorities in Nigeria and cryptocurrency exchange Binance Holdings Ltd. are in talks tto create a digital economic zone that will support blockchain technology adoption by businesses in the West African country.

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Afghan Authorities Shut Down 16 Crypto Exchanges in One Week: Report

Police reportedly closed the exchanges and arrested their staff after Afghanistan's central bank stated that digital currency trading should be stopped citing problems and scams.

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Crypto Ban: Uzbekistan Blocks Access To FTX And Binance – Here’s Why

Authorities in Uzbekistan are now clamping down on online crypto trading platforms that operate outside the nation and are not registered with the government. Authorities have mandated that platforms hold a license in order to provide digital currency services to users.

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Iran Allows Crypto In International Settlements

The official authorities of Iran, which has been under sanctions for more than 40 years, are preparing to allow the use of cryptocurrencies for international settlements. According to local media, the country’s main financial regulator has given the green light to implement a mechanism for using digital coins in foreign trade.

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Singaporean Authorities To Hold Court Cases And Marriages In Metaverse

The digital space is creating more impressive output recently in different areas of life, with the introduction of metaverse, more people believe in the possibility of getting the digital form of real-life.

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Indian Regulator Gets Rid Of Its Only Crypto Exchange Body – Bane Or Boon?

In the past, there was only one Indian regulator that campaigned for crypto and represented the sector before the people of India. Today, that very entity will no longer exist. Authorities in India are set to disband the Blockchain and Crypto Assets Council, a move seen as a blow to the digital currency industry. In […]

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RBI Governor: Cryptocurrency is a Clear Danger to Financial Stability

India’s central bank governor has once again given the thumbs down to cryptocurrencies and called them a danger. In the foreword to the Reserve Bank of India’s (RBI) 25th Financial Stability Report (FSR), RBI Governor Shaktikanta Das called for a drastic approach by national authorities to deal with the growing threat from the digital assets […]

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Celsius and Voyager Implosion Forces Greater Regulatory Scrutiny in Texas and Alabama

Authorities in Texas and Alabama are widening their inquiry into the collapse of crypto-lending companies, Voyager Digital and Celsius Network. The post Celsius and Voyager Implosion Forces Greater Regulatory Scrutiny in Texas and Alabama appeared first on BeInCrypto.

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Islamic Coin Gets Fatwa From Muslim Scholars, Launches Private Sale

Islamic Coin (ISLM) is a Shariah-compliant digital currency. The coin has just got itself a Fatwa, from Muslim authorities. The post Islamic Coin Gets Fatwa From Muslim Scholars, Launches Private Sale appeared first on BeInCrypto.

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New Crypto Regulations in Japan Could Allow Authorities to Seize Stolen Digital Assets

After passing a landmark bill to regulate stablecoins, Japan might become yet another major economy to revise its laws to seize illegally obtained crypto. The post New Crypto Regulations in Japan Could Allow Authorities to Seize Stolen Digital Assets appeared first on BeInCrypto.

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South Korean Authorities Intensify Crypto Regulations to Prevent Terra (LUNA) Recurrence

South Korea’s Financial Supervisory Service (FSS) has opened investigations into payment gateway services working with digital assets.  The post South Korean Authorities Intensify Crypto Regulations to Prevent Terra (LUNA) Recurrence appeared first on BeInCrypto.

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South Korea ramps up crypto investigations and regulations

South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities.

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Japan Orders Crypto Exchanges Not To Process Transactions Involving Russian Assets

On Monday, Japanese authorities directed cryptocurrency exchanges to refrain from processing transactions involving digital assets that are liable to asset freeze restrictions on Russia and Belarus over the Ukraine war.

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Russian Politicians’ Crypto Wallets Targeted By Ukraine – Hefty Reward Up For Grabs

Ukraine is exploring more means of thwarting Russia’s onslaught on their country by running after government official’s crypto wallets. Ukrainian authorities are attempting to stay ahead of crypto-savvy Russian officials who may shift to digital currency in order to evade rising efforts to financially isolate the Kremlin and its allies. Wars can be waged on […]

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Why ECB Thinks Quick Crypto Regulations Will Tie Down Putin

The European Central Bank president Christine Lagarde called for quick approval of crypto regulations as war and crypto become intertwined and moral quandaries appear. Authorities fear Russia could use digital assets to bypass the sanctions imposed upon them.

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