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“# Bank of Russia wants to block ‘emotional’ and suspicious crypto activity ” As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases. The Bank of Russia has started working with local banks to make them halt…
“# Hong Kong landlords lease to crypto exchanges following regulatory clarity ” Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations. Neil Anderson, Hongkong Land’s director, believes that the decision to lease commercial property to crypto businesses…
“# Fidelity lobbies SEC to approve Bitcoin ETF in private meeting ” Multinational financial services firm Fidelity Investments has pressed the U.S. Securities and Exchange Commission to approve its Bitcoin exchange-traded fund (EFT). A private meeting was held on Sept. 8 between Fidelity Digital Assets President Tom Jessop, six of the firm’s executives and several…
“# Sen. Warren goes after Ethereum network fees in committee hearing ” Democratic Senator Elizabeth Warren, known by many as an outspoken cryptocurrency skeptic in the U.S. government, criticized outages at exchanges and high transaction fees during periods of price volatility. In a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs…
“# President Biden announces picks to fill CFTC vacancies ” U.S. President Joe Biden has tapped acting chairperson of the Commodity Futures Trading Commission Rostin Behnam to assume his position on a permanent basis, as well as two others to fill vacant commissioner seats. In a Monday announcement from the White House, President Biden said…
“# Uzbekistan has no plans to ease crypto payments ban, says official ” The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a payment method, according to a central bank official. Behzod Khamraev, deputy chairman of the Central Bank of Uzbekistan (CBU), predicted that local authorities will never allow residents to use…
“# Hebei is the latest China province to wield the crypto crackdown hammer ” Hebei, a province in Northern China, is its latest jurisdiction to read the riot act to crypto miners and traders. According to Reuters on Tuesday, the province’s cyberspace commission has announced plans to curtail cryptocurrency mining and trading activities in the…
“# NYAG shuts down Coinseed for converting customer funds into DOGE without consent ” The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers. On Sept. 13 NYAG Letitia James ordered Coinseed Inc. to permanently halt operations and pay $3 million…
“# SEC takes action against Chinese billionaire’s companies over $500M offerings ” The United States Securities and Exchange Commission (SEC) has charged three of Chinese billionaire Guo Wengui’s companies over an initial coin offering (ICO) and initial public offering (IPO) that fetched around $487 million combined. The infamous Wengui, also known as Miles Kwok or…
“# US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax ” Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto users. According to a document released by the House Committee on Ways and Means on…