April 6, 2020 Investigating Digital Assets in Japan Stymied by Nature of Crypto As part of the Financial Statements Committee, the Minister of Finance is conducting an investigation into digital assets in Japan. According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas.In…
April 6, 2020 New Zealand Financial Regulator Warns Public About ‘Profit Bitcoin’ Scam New Zealand’s financial regulator, the Financial Markets Authority, issued a warning against a suspected Bitcoin investment platform. Amid the apparent global surge of cryptocurrency-related scams, New Zealand’s financial regulator has warned the public against another suspected Bitcoin (BTC) investment scam scheme.In…
April 1, 2020 Japanese Regulations on Crypto ‘Likely to Help the Market to Mature’ A new report has found strict cryptocurrency regulations in Japan might discourage foreign players — but will help the industry in the long run. A new report has found strict regulations in Japan are likely to benefit new players in the long term.Double…
March 24, 2020 Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes The Ministry of Economic Development of the Russian Federation introduced a draft law that would allow the testing of crypto in a regulatory sandbox. Amid regulatory uncertainty for cryptocurrencies in Russia, a federal ministry introduced legislation that would legalize crypto and blockchain within a special regulatory environment.The…
March 23, 2020 Alongside Market Relief Package, US CFTC Warns of COVID-19-Linked Crypto Scams The U.S. CFTC joins the list of global authorities warning the public against crypto scammers trying to capitalize on the widespread coronavirus fears. United States derivatives markets regulator, the Commodity Futures Trading Commission (CFTC), has joined the list of global authorities warning the public against cryptocurrency scammers trying to capitalize on the widespread coronavirus fears.In…
March 11, 2020 New PlusToken Report Shows KYC May Be Smoke and Mirrors A new report from OXT Research shows the alleged PlusToken scam dumped BTC on regulated exchanges with KYC. A new report on the PlusToken Ponzi scheme shows regulated exchanges are being used to dump coins, despite stringent Know Your Customer (KYC) identify verification rules.Investigative…
March 6, 2020 UK Adds Further Regulation to Already-Strict 5AMLD Guidelines A director of one of the U.K.'s regulating bodies described new crypto Anti-Money Laundering overwatch added to the EU’s already stringent 5AMLD expectations. To combat the alleged risks associated with crypto assets and their networks, Her Majesty’s Treasury, the United Kingdom’s finance and economics department, has added additional measures.The…
March 5, 2020 London Blockchain Summit: Crypto Meets Coronavirus The London Blockchain Summit soldiered on this week, despite many speakers in isolation or subject to travel bans due to coronavirus. Day One, March 5The world has a fever.…
March 4, 2020 Next BoE Governor: ‘Be Prepared to Lose All Your Money’ With Bitcoin Andrew Bailey gave his thoughts on the cryptocurrency to members of parliament in London on Wednesday. Investing in cryptocurrencies will always receive some skepticism from officials who started in traditional markets.…
March 4, 2020 Crypto Taxes a ‘Nightmare’ — Congress Hears the Latest on Blockchain for Small Business A Protocol Labs General Council member bashed the current crypto tax scene at a recent congressional hearing on blockchain tech. In a United States congressional meeting titled “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” one of the testifying witnesses called out current cryptocurrency taxation expectations for their overbearing complexity. “Doing…
March 4, 2020 Crypto Exchange Digitex Removes KYC to Protect User Data Adam Todd, CEO at Digitex Futures Exchange, reveals that the exchange will completely take down all KYC as of April 2020 in response to earlier data leakage. While some global cryptocurrency exchanges move to expand Know Your Customer (KYC) rules, some major rivals claim that crypto platforms don’t need KYC at all.Digitex,…
March 4, 2020 Large-Scale Crypto Derivatives Trading may be in India’s Future With the future of the crypto in India now tied to a Supreme Court case, exchanges are looking to derivatives trading. India has had a complicated relationship with crypto.…
