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“# Binance halts KRW pairs amid tightening crypto exchange regulations in Korea ” Binance has halted Korean won (KRW) trading pairs as part of a raft of changes to its operations in South Korea. In a notice issued on Friday, the crypto exchange giant announced the discontinuation of KRW trading pairs as well as KRW…
“# Senate infrastructure bill isn’t perfect, but could the intention be right? ” United States Senators have cast their votes, and the contentious HR 3684 infrastructure bill cleared in the upper Congress chamber. Now, the gigantic document of over 2,700 pages and amounting to almost $1 trillion is heading to the House of Representatives, including…
“# Biden’s infrastructure bill doesn’t undermine crypto’s bridge to the future ” It was a topsy turvy week — “staggering,” a crypto veteran called it. One that saw United States Senator Ted Cruz and Senator Ron Wyden collaborate on behalf of the cryptocurrency and blockchain industry — albeit, in a lost cause. These events could…
“# Wyoming’s crypto-friendly bill could be a sandbox in action, Sen. Lummis says ” As the United States continues to weigh out the best ways to include crypto businesses through an infrastructure bill, the state of Wyoming has taken proactive measures to attract Bitcoin (BTC) miners and other crypto businesses to its local jurisdiction. Wyoming’s…
“# Ukraine’s state security shuts down illegal crypto exchanges ” Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021. According to a statement by the SBU on Wednesday, the network of “clandestine cryptocurrency exchanges” were based in the country’s capital Kyiv and…
“# South Korea’s crypto regulation is now expanding to foreign businesses ” Due to their anonymity or pseudonymity, digital assets are perceived as entailing the risks of money laundering and financing terrorism. In October 2018, the Financial Action Task Force (FATF) adopted changes to its recommendations on financial activities involving digital assets, adding the definitions…
“# Are NFTs being used for money laundering? Yes, they are, claims Mr. Whale ” The nonfungible token (NFT) space has been a hive of activity over the past month or so, but there could be more going on than meets the eye as concerns emerge over the sector’s involvement in money laundering and tax…
“# Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition ” Representative Anna Eshoo has written to Speaker of the United States House of Representatives Nancy Pelosi on Thursday, expressing concerns about the controversial new mandate for crypto tax reporting. In it, she urged Pelosi to amend the cryptocurrency broker definition…
“# President of Argentina open to Bitcoin and a CBDC, but central bank says no ” Argentina President Alberto Fernandez has indicated support for digital assets, asserting there is no reason to push back against the emerging asset class. During an interview with a local media outlet, Caja Negra, on Thursday, Fernandez responded to a…
“# What the SEC can learn from the German regulator ” The United States Securities and Exchange Commission’s chairperson Gary Gensler announced this month that the crypto industry should not escape the purview of the regulator. He highlighted that decentralized finance (DeFi) trading and lending protocols need particular attention when it comes to investor protections….