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” Here’s how Asian countries deal with crypto sanctions against Russia “ Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation. Japan to fine crypto exchanges for violating sanctions Japan became…
” European Parliament votes against PoW ban, providing huge relief to the crypto industry “ Earlier today, members of the European Parliament’s Committee on Economic and Monetary Affairs in the European Parliament voted against a version of the Markets in Crypto Assets, or MiCA, bill that could have effectively banned the proof-of-work-based cryptocurrencies within the…
” Law Decoded: Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14. “ As Russia’s self-styled “special operation” against Ukraine continues, crippling economic sanctions remain the Western powers’ primary weapon to counter Russia’s military actions without triggering an even more dramatic escalation. As NATO and allies’ financial offensive…
” Tax expert says buying crypto is not a taxable event “ While many refer to crypto as the “Wild West,” some believe that this may only continue for a little longer. Thomas Shea, crypto tax leader at EY Financial Services, told Cointelegraph that taxation for crypto is an evolving area and new regulations may…
” Environmental sustainability key sticking point in EU MiCA bill “ The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA). A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced…
” Ally or suspect? The war in Ukraine as a stress test for the crypto industry “ It has been two weeks since Russia kicked off the first large-scale military action in Europe in the 21st century — a so-called “special operation” in Ukraine. The military conflict immediately triggered devastating sanctions against the Russian economy…
” US and EU double down on measures against Russia potentially using crypto to evade sanctions “ The United States and the European Union have announced new actions targeting Russia’s economy and wealthy individuals as a report suggests Vladimir Putin’s allies have attempted to circumvent sanctions using cryptocurrency in foreign countries. In a Friday announcement,…
” Yuga Labs faces user backlash for under wraps KYC-restricted project “ Yuga Labs, the creator of the Bored Ape Yacht Club, or BAYC, teased a new collaboration with blockchain game publisher Animoca Brands on Twitter on Thursday. The catch is that no details about the project have been revealed yet, and users who signed…
” Bank of Israel issues draft guidelines on cryptocurrency AML/CFT “ On March 10, the Bank of Israel published draft regulation of anti-money-laundering and combatting the financing of terrorism (AML/CFT) risk management for the banks facilitating crypto-to-fiat transactions. The move hints at the Israeli government’s preparations to legalize and regulate the relationship between banks and…
” SEC rejects spot Bitcoin ETF applications from NYDIG and Global X “ The United States Securities and Exchange Commission, or SEC, has disapproved spot Bitcoin exchange-traded fund applications from the New York Digital Investment Group and fund manager Global X after deferring on a decision several times in the last year. According to two…