Tag Archives: Crypto

Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon

By | September 22, 2022

Major government institutions in Moscow, the central bank and the finance ministry, have aligned their positions on the regulation of cryptocurrency mining in the Russian Federation. The respective bill will soon be filed with the State Duma, a high-ranking member of the house unveiled. Financial Authorities Reach Consensus on How to Regulate Mining of Digital… Read More »

Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say

By | August 25, 2022

The changing geopolitical and economic environment, as well as persisting differences between responsible government institutions, are hindering the advance of legislation tailored to regulate cryptocurrency mining in Russia. According to a report quoting industry watchers, these factors are halting the advance of the necessary legislation. Two Draft Laws on Mining Await Approval by the Russian… Read More »

Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From France

By | August 17, 2022

Police in Israel have detained three suspects who allegedly laundered millions of euros stolen from the French treasury through cryptocurrency transactions. The money came from government grants for businesses affected by the Covid-19 pandemic. Israeli Law Enforcement Busts Money-Laundering Ring Using Coins to Clean Money for French Fraudsters Three people have been arrested in Israel… Read More »

Belarus Issues International Arrest Warrant for Owner of Country’s ‘Largest Crypto Exchanger’

By | August 11, 2022

Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus. The crypto trader has been accused of tax evasion and an investigation against three of his accomplices has estimated the losses for the state at… Read More »

Police in Kazakhstan Arrest Gang Forcing IT Specialists to Run Crypto Farms

By | August 7, 2022

Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their business. Kazakhstan Busts Illegal Crypto Mining Organization, Detains Dozens Authorities in Kazakhstan have arrested… Read More »

Security Service of Ukraine Shuts Down Crypto Mining Farm Near Front Line in Kharkiv

By | July 20, 2022

Ukraine’s main law enforcement agency has busted an illegal facility mining cryptocurrencies in the Kharkiv region. The operators of the crypto farm have been minting coins using large amounts of stolen electricity, threatening energy supply to critical infrastructure, the agency said. Illegal Mining Farm Discovered in War-Torn Kharkiv Region Officers from the Security Service of… Read More »

Itau Unibanco Mulls Offering Crypto Services, Opens Tokenization Unit in Brazil

By | July 16, 2022

Itaú Unibanco, one of the largest holding companies in Brazil, has announced it is considering offering cryptocurrency trading services to its customers. The company informed that it will also offer tokenization services through a digital assets unit, that will allow customers to issue tokens backed by real-world assets, acting as a platform to facilitate their… Read More »

Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

By | June 24, 2022

Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive Calls for More Regulations for ‘Abusive’ Crypto Market Governments are still… Read More »

Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

By | May 29, 2021

Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office… Read More »

Every Fourth Australian Willing to Be Paid in Bitcoin, Poll Finds

By | May 29, 2021

A new survey has established that one in four Australians would like to receive at least part of their salary in cryptocurrency. While the motives vary between the members of this diverse group, the results indicate that the Australian nation’s overall interest in decentralized digital money remains strong. 4.7 Million Australians Would Accept Bitcoin Remuneration… Read More »