The Australian Tax Office (ATO) has released a report this week outlining areas it will be focusing on in the coming year, including crypto capital gains. The agency announced its four priority areas for this year’s Tax Time on Monday, singling out crypto as a potential area of concern. The taxation body revealed that nearly...
On Friday, Central Africa’s regional banking organization issued a warning about its restriction on cryptocurrencies only weeks after the Central African Republic (CAR) declared bitcoin lawful money. The Banking Commission of Central Africa (COBAC) supervises the economic sector in the six nations that make up the Central African Economic and Monetary Community (CEMAC). After the...
Mining Capital Coin CEO Luiz Capuci Jr has just been arraigned in an investment fraud case totaling $62 million. According to the Department of Justice, Capuci used the platform owned by his company to defraud several investors globally. The DOJ has announced that Capuci would be charged with several offenses, including using the Mining Capital...
Blender.io, a platform focused on providing mixing services in the crypto market, has been sanctioned by the US Treasury. According to the regulatory body, the Blender platform played a vital role in the successful hack of Ronin bridge and Axie Infinity some weeks ago. The hack, credited to be the handiwork of the famous group,...
TL; DR Breakdown Nepal clampdown on crypto activities Authorities lament increased crypto crimes Nepal shuts access to crypto websites In the last few years, there have been regulations coming in hot in the crypto space across many countries. While some countries are striving to increase the adoption rate through rules, others are enforcing a stop...
TL; DR Breakdown Brazil approves crypto regulation bill The SEC might oversee the regulation Senators want to encourage high value investors Brazil has announced the passing of the a bill that seeks to guide usage of crypto assets. The bill was given the green light at a Senate session yesterday. Should the bill get final...
TL;DR Breakdown The Central Bank of Nigeria(CBN) fines three commercial banks for violating its directive on cryptocurrency transactions. The banks sanctioned were Access Bank, Stanbic IBTC Bank, and UBA. CBN […]
An outright Bitcoin ban in the US is probably a thing of the past as the crypto has given the government enough reasons to exist with the US dollar concurrently, says Digital Currency Group’s chief executive, Barry Silbert. Bitcoin’s journey so far has been nothing short of a roller coaster ride. From one side, it […]
The United States DOJ crypto attorney vacancy shows that the governments and authorities are taking crypto regulations seriously. The newly advertised position in the US Department of Justice demands an attorney advisor abreast in cryptocurrency, dark web, global computer hacking, and intellectual property. All the qualifications demanded by the DOJ crypto attorney position are seemingly […]
A recent report by Seoul-based Jungin Accounting states that Bithumb assets have exceeded the total holdings of its clients. The South Korean crypto exchange now possesses more assets than the sum total of all its customers combined. It is perhaps the first time that a crypto exchange’s wealth has surpassed its customer’s holdings. Recently, Jungin […]