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“#Facebook may face hefty fine in Russia over banned content” Russian authorities on Thursday warned social media giant Facebook it faces a fine of up to 10 percent of its annual turnover in the country unless it deletes content Moscow deems illegal. Upping the ante in its standoff with US Big Tech, state communications regulator Roskomnadzor told…
“# Binance hires former IRS-CI special agent to head intelligence division ” Cryptocurrency exchange Binance has hired a former United States Internal Revenue Service agent to head its new intelligence division, a strong indication that the company is looking to bolster its compliance resources. Tigran Gambaryan joins Binance as vice president of global intelligence and…
“# CoinEx crypto exchange to remove all mainland China users in October ” CoinEx cryptocurrency exchange is winding down operations in mainland China to comply with local anti-crypto regulations. The company officially announced on Thursday that it was going to completely retire user accounts verified as mainland China citizens as well as those linked to a…
“# Germany’s 2021 election: What do parties think of crypto and blockchain? ” The use of new technologies such as blockchain or artificial intelligence has been in the spotlight lately and gaining more acceptance from governments around the world. On Sunday, Sept. 26, Germans voted in parliamentary elections that marked the end of Angela Merkel’s…
“# New Zealand central bank releases issue paper on digital currency ” The Reserve Bank of New Zealand (RBNZ) published an issue paper providing its perspective on central bank digital currencies (CBDC). The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The bank will be seeking comments on the proposed…
“# CFTC charges 12 New York crypto options businesses with failing to register ” The Commodity Futures Trading Commission (CFTC) has charged 12 New York-based crypto options businesses with allegedly failing to register with the regulatory body. In a Sept. 29 press release, the CFTC outlined that it is charging 14 entities in total, with…
“# China’s crypto holdouts: Bitcoin nodes and OTC desks struggle on ” Despite Beijing’s ever-increasing crackdown on the crypto industry, there are still some signs of life in the People’s Republic regarding the Bitcoin network and OTC trading. China intensified its clampdown on crypto last week in an effort to suppress any remaining activity related…
“# Tether scores win in class action case as court dismisses RICO claims ” The judge in the class-action lawsuit filed in the Southern District of New York against stablecoin issuer Tether and crypto exchange Bitfinex has granted motions to dismiss many of the claims in the case. According to court documents filed Tuesday in…
“# Crypto is impossible to destroy, says Tesla CEO Elon Musk ” As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it undestroyable. “It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said…
“# First cryptocurrency fund approved in Switzerland ” Cryptocurrency adoption continues gaining momentum in Switzerland as local financial authorities grant more regulatory approvals for crypto investment instruments. The Swiss Financial Market Supervisory Authority (FINMA) has approved the Crypto Market Index Fund as the “first crypto fund according to Swiss law,” the authority officially announced Sept….