It was just recently, when the Visa’s representative, Eduardo Abreu was reportedly interviewed by Seu Dinheiro, a local news outlet from Brazil. Abreu, is Visa’s new business’s vice president, who talked about Visa’s new venture into cryptocurrencies. He revealed that Visa, the payments giant is planning to bring something huge for the Brazilian market. Abreu…
Brazilian National Congress is considering a proposed law which is on the subject of crypto and intends to collect revenues in the form of “taxes” against crypto transactions, however, the law has become a hot debate because it provides for a certain timeframe within which the legislation will automatically start imposing taxes upon crypto, subject…
A new Chief Executive Officer for Binance Singapore has been engaged by Binance Global who was once associated with the national regulator. The background for appointing an ex-official of the regulator has been revealed by Binance Global to make sure that the crypto firm leaves no stones unturned when it comes to ensuring compliance with…
The government will not impose crypto travel limitations until it has finished the creation of new technologies, ensuring appropriate technological capabilities. According to Daniel Mossop, assistant secretary of the Australian Department of Home Affairs, who testified before the Senate Committee on Australia on Friday, August 27, 2021, a technological solution that “eliminates a lot of…
Just recently, Xiaomi India has expressed its true intentions for cryptocurrencies that have made the entire cryptocurrency sector in India very pleased. Xiaomi India is the Xiaomi manufacturer’s one of the major branches based in the subcontinent. Just recently, Xiaomi India has expressed interest in the adoption of cryptocurrencies. However, the company is somewhat hesitant…
The latest reports coming in from the Chinese cryptocurrency sector reveal that the Chinese regulatory authorities are growing more aggressive against crypto-firms. However, it has been clarified that the Chinese regulators are now going after cryptocurrency firms that are running illegal operations in the country. The sources revealed that it is the People’s Bank of…
While the activity of Bitcoin mining is one that is legal in Iran but the securities watchdog of Iran insists that the Bank of Iran should do the regulation and therefore asks the bank to take over the task. The regulator however commits to take over the charge of regulating the virtual assets once the…
The UK is in motion to bring forth a community comprising of crypto professionals to help educate people on crypto-related dispute issues. Experts in legal matters have joined forces in order to deal with the growing level of crypto disputes being registered. The community has been formally named the (CFAAR), which stands for Crypto Fraud…
The lawsuit between Ripple and the SEC (Securities and Exchange Commission) now involves Binance (the leading crypto exchange) in the case. Brad Garlinghouse, the CEO of Ripple, stated that Binance carries the relevant documents regarding the lawsuit. In the latest filing with the New York’s Southern District, the legal group of the Garlinghouse has requested…
Another major upset for Binance as one of its highly influential CEOs has resigned from Binance US over the issue of the company’s non-compliance with regulatory issues. Before departing, Brian Brooks said that his opinions and recommendations regarding regulatory concerns were not considered. Binance’s issues with the regulators are not something new. In fact, they…
A bill containing crypto regulations has been drafted by the Government of Turkey. Through the draft bill, the Government intends to provide for rules and regulations comprising the crypto development and space in the country. The bill is due to be presented to the Turkish Parliament in the month of October 2021. Bill features for…
Zac Prince, Blockfi’s CEO, told the public on the 19th of July, 2021, that his firm has been served with a notice of cease and desist from extending a particular account offering by the New Jersey Bureau of Securities. He said that the firm has been ordered to immediately stop offering interest-based accounts within the…
Argentinian Parliament has approved the latest Bill which provides for payment of salaried persons through cryptocurrencies. The Bill seeks to strengthen salaried individuals in conserving their buying power against their salaries. In contrast with the US, countries of the Latin American region are becoming more reliant upon cryptocurrencies. Since when the country of El Salvador…
The National Deputy of Paraguay, Carlitos Rejala, has confirmed that they are planning to discuss the Bitcoin (BTC) legalization in the next month. Similar intentions have been signaled by various Latin American politicians after El Salvador’s advanced step of adopting Bitcoin to be used legally. The list of countries that are most likely to announce…
According to recent reports, TSB is going to take actions that will prevent its clients from buying crypto from Binance and Kraken because of the abysmal safety standards of the crypto exchanges. Many banks are making it impossible to buy crypto primarily because of fraud and security concerns. TSB is deeply concerned by the high…
Xinjiang area in China had recently shut down Bitcoin mining industry and operations carried out in the region. Now a provincial authority in the Province of Qinghai, China, too has asked Bitcoin miners to immediately cease and desist from any mining activities immediately. Failing shall entail legal consequences along with the imposition of hefty fines….
There has been a violent increase in the number of attacks made on various cryptocurrency exchanges and protocols as of late, with the more infamous ones being centred around the likes of PancakeBunny, BurgerSwap, JulSwap and so on. While these ones had been based on flash loan exploits, ransomware-based attacks have increased in volume as…
Ever since the beginning of the year 2021, the US regulatory authorities have become very active against the cryptocurrency industry. They have started stressing about introducing stricter and more regulated guidelines around the utility of cryptocurrencies. In the light of the recent hacks that took down several federal and semi-federal facilities, even the US politicians…
The majority of crypto exchanges in the UK have failed to ensure compliance with the AML Policy standards for which the Financial Conduct Authority (FCA) had asked the exchanges to obtain registrations and a deadline was given. The deadline has accordingly been extended by FCA because the authority noticed the withdrawal of the majority of…
A new crypto startup in South Africa was accused of rendering crypto services outside the ambit of the law. The accusations were leveled against the startup by the country’s watchdog, which is authorized to deal with crypto exchanges. However, after raising objections against the crypto trading platform, the same day the watchdog rendered an apology….
