Philippines senator Leila de Lima is pushing for much tougher punishment for criminals involved in cryptocurrency crimes, according to the Philippines Senate Official Website. This move to tighten cryptocurrency legislation follows the recent Bitcoin scandal where a husband and wife team, Arnel and Leonady Ordonio, managed to scam their victims out of just over USD […]
Telegram founder Pavlov Durov has refused to comply with a Moscow court which has recently banned the popular cloud-based messaging service. The ban was passed by the Moscow court in an apparent effort to thwart terrorism, citing the app as playing a role in terrorist activities around the globe. Security agencies had originally demanded Telegram allow […]
As the popularity of cryptocurrency increases, Australia has set a positive example in terms of implementing sustainable, non-restrictive regulations. Last week saw the Australian Transactions Reports and Analysis Center (AUSTRAC) implement viable new rules regarding cryptocurrency exchanges. The most significant legislation enacted was the requirement of digital currency exchanges to register with AUSTRAC and comply with the […]
Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds “as fast as possible”. Its team confirmed on social media its operations had been suspended due to the prohibition of […]
This week the Reserve Bank of India (RBI), the country’s central bank, has banned banks from dealing with cryptocurrency businesses. Indian financial institutions have three months to cease doing business with digital asset operations but some of them may stop facilitating INR settlements. News.Bitcoin.com spoke with Sumit Gupta the founder and CEO of a new […]
Below you can find an overview of what happened in March in the world of cryptocurrencies – brought to you by SimpleFX CFDs trading platform. Whether you took some time off following the news and you’d like to catch up, or you just want to go over last month’s highlights, this article is for you…. […]
As from 3 April 2018, cryptocurrency exchanges throughout Australia must now follow new rules designed to combat money laundering and terrorism financing. New obligations for exchanges to adhere to are clearly laid out in the Australian Transactions and Reports and Analysis Centre’s (AUSTRAC) new webpage. Digital currency exchange providers registering with Austrac will be required to identify […]
The Malta Gaming Authority (MGA) issued a document looking to apply major reforms to the gaming industry in regards to the use of cryptocurrencies and blockchain technology. The authority aims to bring new standards for game developers for accepting crypto payments, use of digital wallets, deposits, and the calculation of exchange rates. The overhaul looks to change […]
French minister of finance and economics, Bruno Le Maire, has made comments recently which appear to extol the merits of cryptocurrency and blockchain technologies as being revolutionary. Le Maire suggested that blockchain technology would offer startups the option to “…create a network of trust without intermediaries…and offer increased traceability of transactions” generating a climate for […]
The Massachusetts Securities Division has suspended five initial coin offerings (ICOs), under the pretext that the tech firms are selling “unregistered securities”. Five ICOs suspended under Massachusetts law Massachusetts law requires digital coins to be registered as securities. The five firms issued the consent orders requiring permanent suspension include Mattervest, Pink Ribbon ICO, Across Platforms, Sparkco, and 18 Moons. All tech firms involved were […]
The Swiss Financial Market Supervisory Authority (FINMA) has reported that it is receiving increasing levels of enquiries into blockchain, cryptocurrencies and initial coin offerings (ICOs). Switzerland makes positive steps FINMA announced its investigation into ICOs in a September 2017 press release, creating speculation that some parts of ICO procedures may already come under existing regulations. […]
Following last week’s G20 meeting of member states in Buenos Aires and the declaration that cryptocurrencies need to be “examined”, this revelation was greeted with some media skepticism. Marc Hochstein, the managing editor of Coindesk, clearly views such statements as simply demonstrating the protracted nature of any decisions proposed by the member states, suggesting their actions […]
The world’s economic leaders are seeking a globally coordinated policy on cryptocurrencies. This could take a while. But that may be just as well.
The Australian Tax Office (ATO) has suggested this month that it needs public input regarding its current legislation regarding cryptocurrency tax obligations. This is partly due to an increased interest in cryptocurrency in general within Australia over the last twelve months. A public comment process has been initiated in order to examine taxpayers concerns and […]
Bitcoin isn’t illegal, but SESTA-FOSTA could be used to sue miners or node operators depending on what they store in the blockchain.