The FIU-IND, essential in India’s financial crime prevention efforts, scrutinizes financial transactions to combat money laundering. Cryptocurrency exchange KuCoin navigated regulatory challenges to align with FIU-IND’s strict compliance requirements, amidst India’s tight cryptocurrency regulations. Achieving compliance, KuCoin has been recognized…
Search Results For: regulations
Joe Biden’s Latest Budget Targets Crypto Mining Tax and Increased Regulations for Digital Asset
U.S. President Joe Biden has recently unveiled his proposed budget for the upcoming fiscal year, which includes several key provisions aimed at regulating the cryptocurrency industry and generating significant tax revenue. These measures, if implemented, could have far-reaching implications for…
Hong Kong Enacts Stringent Regulations to Curtail Covert Cryptocurrency Transactions
In Hong Kong, a vibrant network of small shops has emerged, offering seamless conversion between cash and cryptocurrencies. These shops, also known as over-the-counter (OTC) crypto providers, have played a significant role in facilitating the city’s booming digital assets market.…
US Presidential Candidate Vivek Ramaswamy challenges SEC’s Gensler over Crypto Regulations
In a significant turn of events during the recent Republican presidential debate, the topic of Bitcoin and cryptocurrencies took center stage. Vivek Ramaswamy, stood out by challenging regulators and advocating for the potential of digital assets. His bold stance on…
Regulations on Crypto Concerns in the US, Fire Blocks Jason Allegrante Perspectives
The year 2023 was a year marked by numerous notable events for Crypto. From the high-profile Sam Bigman trial to enforcement actions against major players like Binance, the market was rife with notable developments. However, Amid a resurgence in crypto…
Russia’s Ministry of Finance simplifies regulations for Bitcoin for creating new opportunities
In a pivotal move, the Ministry of Finance has embarked on a mission to simplify the regulatory landscape surrounding Bitcoin transactions, mining, and exports. By treating Bitcoin (BTC) as a commodity, Russia is set to revolutionize the industry, opening up…
South Korean Regulators Exempt NFTs from Crypto asset Regulations
In a recent development, South Korean financial regulators have made a significant ruling regarding non-fungible tokens (NFTs) and their classification under existing cryptocurrency regulations. The Financial Services Commission (FSC), the country’s top regulatory body, has declared that NFTs will not…
Proposed Regulations for Crypto Service Providers in Singapore
In its ongoing efforts to enhance the regulatory framework for the cryptocurrency industry, the Monetary Authority of Singapore (MAS) has recently released the final tranche of responses to feedback on a consultation paper regarding proposed regulations for crypto service providers.…
Technology-Neutral Crypto Regulations will help Innovation – Ripple (XRP) Executive
As global regulators grapple with establishing effective rules for cryptocurrencies, a Ripple executive has emphasized the importance of adopting a technology-neutral approach. Navin Gupta, the managing director of South Asia, Middle East, and North Africa at Ripple, highlighted the need…
UK Crypto Exchanges Scramble to Comply With New Regulations
Major cryptocurrency exchanges operating in the UK have unveiled plans to adhere to the country’s new Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). The rules aim to promote fairness and transparency in the crypto sector. Binance…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
