Regulation
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SEC Audits The NFT Market Over Potential Violations
The U.S. Securities and Exchange Commission (SEC) is launching an investigation into the NFT market over potential violations against the agency’s rules.…
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China’s Supreme Court Declares Crypto Transactions “Illegal Fundraising”
China’s Supreme Court deemed that virtual asset transactions now fall under illegal fundraising. The amendment comes into play on March 1st. It…
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Will Russian Banks Blocked From SWIFT Turn To Crypto?
Vladimir Putin’s recent decision to invade Ukraine has had a negative impact on the global financial system. Although markets have recovered this…
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Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet
Ontario Superior Court of Justice sent Nunchuk a self-custodial Bitcoin wallet a Mareva Injunction, ordering it to freeze and disclose information about the assets involved in the…
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Federal Reserve Officials Banned From Trading Crypto
The Federal Reserve has put new rules in place on its staff. They will not be allowed to trade a group of…
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Hungarian Central Bank In Support Of Russian Crypto Ban
György Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing…
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Russians Own 12% Of The Worlds Cryptocurrencies
Russians own over $214 Billion worth, or 12% of the total value of cryptocurrencies worldwide, according to a Bloomberg report. The data…
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New Venezuelan Bill Collects 20% Tax On Cryptocurrency
The Venezuelan government has approved a new bill “Large Financial Transaction” that will affect payments using both cryptocurrencies and foreign currencies. The…
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Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures
After the introduction of a 30% tax on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to…
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India’s Finance Secretary Still Believes Crypto Is A ‘Grey Area’
T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a ‘grey area’ being neither illegal nor encouraged. “Crypto-assets are currently neither…