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“# Crypto firms not meeting AML standards, says UK minister ” Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official. John Glen, a member of U.K. parliament and the Economic Secretary to the Treasury, pointed out major difficulties in…
“# Shutting down Bitcoin is impossible, Ark Investment founder says ” While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will not be able to shut down the world’s largest cryptocurrency. Wood said that Bitcoin is “already on its way and it’ll be…
“# Korean gov’t clarifies crypto regulatory roles of different agencies ” Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government frameworks tailored to the growing industry. With the regulatory landscape for digital assets thus undergoing a marked shift, there…
“# Crypto will ‘come to life’ in Nigeria, central bank governor says ” At a 279th meeting of the Monetary Policy Committee in Abuja, Central Bank of Nigeria Governor Godwin Emefiele expressed confidence that cryptocurrencies like Bitcoin (BTC) will be legal in the country, Business Insider reports Wednesday. Emefiele did not directly mention a decision…
“# Hong Kongers use blockchain to save evidence of anti-authoritarian struggles ” Blockchain’s potential to sustain a distributed, tamper-proof infrastructure for collective digital memory has taken on an unexpected political salience for citizens in Hong Kong. Soon after Hong Kong’s public broadcaster Radio Television Hong Kong, or RTHK, revealed its intent to erase any archived…
“# Canadian regulators accuse crypto exchange of breaking securities law ” Canadian securities regulators have initiated a regulatory action against major global cryptocurrency exchange Poloniex. On Tuesday, the Ontario Securities Commission published a statement of allegations against Polo Digital Assets, also known as Poloniex, alleging that the firm has failed to comply with Ontario securities laws….
“# Bitcoin mining banned in Iran until September ” The recent crackdown on Bitcoin (BTC) and crypto mining in Iran has reached a new dimension with the government banning the activity over the summer. According to a report by Bloomberg, President Hassan Rouhani announced the blanket ban on Bitcoin mining in the country in an…
“# New bill would require candidates in Russian elections to declare crypto ” Russia’s State Duma has approved a new draft bill in its first reading that would require election candidates to disclose their crypto holdings, expenditures and purchases. The draft bill also asks election candidates to indicate a source of income for cryptocurrency purchases…
“# Inner Mongolia sets up hotline to report suspected crypto miners ” A new announcement from the Inner Mongolia Autonomous Region Development and Reform Commission, or DRC, has informed the public that they now have a direct way to report on any outlying cryptocurrency operations in the region. As previously reported, Inner Mongolia was once…
“# US lawmaker introduces bill aimed at protecting ‘forked assets’ from IRS ” Minnesota Rep. Tom Emmer has reintroduced a bill aimed at preventing the IRS from imposing penalties or fees on crypto taxpayers with forked assets. In an announcement from Emmer on Monday, the congressperson from Minnesota said he had once again introduced the…