Russia’s Ministry of Justice has stood against a new draft proposal that seeks to ban crypto operations in the country. The move by the ministry came barely a week before the ministry of Economic Development distanced itself from the new…
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Qatar Financial Center Prohibits Crypto Businesses
The Qatar Financial Center Regulatory Authority (QFCRA) announced that virtual asset services may not be conducted in or from the Qatar Financial Centre (QFC). The regulator announced the new measure in a tweet that stated that authorized firms would not…
Korea Lines up Crypto Anti-Money Laundering Law
The South Korean national assembly is lining up a bill that will provide a legal basis for crypto-currencies in the country. The bill, which has already passed the national assembly’s national policy committee, is only awaiting ratification from the judiciary…
China Looking into Blockchain and A.I Use Cases for International Financing
China is reportedly looking into the various use cases for Blockchain technology and artificial intelligence in (AI) in international financing with a specific focus on risk management procedures. China is looking to do this because it intends to liberalize its…
Secretary Mnuchin: Libra Backers Dropped out because of Libra’s Non-compliance
Steven Mnuchin speculated on what may have caused the latest blow to Facebook Libra’s ambitions. The proposed digital currency saw more of its corporate backers withdraw support, in what is being seen as a major setback. This came just weeks…
Legal Loophole makes Political Crypto Donations legal in Japan
A Japanese minister has confirmed that crypto donations are perfectly legal in the country due to a classification loophole. According to a Reuters report, Japanese minister of internal affairs and communication Sanae Takaichi confirmed that new found legality of crypto…
Crypto Remuneration is Gaining Popularity Across Crypto Friendly Nations
Crypto remuneration is gathering steam around the world. At the moment, paying wages in decentralized digital coins is normal within the crypto industry. There is however no reason why this can’t be the case in other industries as well. A…
International Lawyer: Crypto not the Solution for Financial Inclusion
The crypto industry took a beating again on the floor of the US senate, with international lawyer, Mehrsa Baradaran suggesting that cryptocurrencies are no solution for financial inclusion and equity in banking. In a statement published on the senate’s website,…
Indian cryptocurrency entrepreneur criticizes the India crypto ban
India has clamped down hard on cryptocurrencies while encouraging blockchain. A complete ban could be in the pipeline and an entrepreneur has recently criticized the India crypto ban.
Proposed legislation to enforce India crypto ban has provisions for penalties and imprisonment
Lawmakers in the Indian parliament are mulling a stringent legislation for enforcing the India crypto ban. The proposed legislation includes steep penalties and 10-years imprisonment.