Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers – Regulation Bitcoin News

The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has… Continue reading Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers – Regulation Bitcoin News

No Authority Over Cryptos Says FCA

UK’s Financial Conducts Authority (FCA) has stated they have limited jurisdiction over cryptos and tokens unlike US’ SEC which basically claims everything outside bitcoin and eth is a security. “The FCA currently has a limited role in registering UK-based cryptoasset exchanges for anti-money laundering purposes,” said Charles Randell, Chair of the FCA, at the Cambridge… Continue reading No Authority Over Cryptos Says FCA

Iran’s tax authority wants to legalize crypto exchanges

The Iranian National Tax Administration (INTA) is pushing to establish a legal framework for the taxation of crypto trading platforms operating in the country, according to a new proposal by the country’s tax authority. Two months after Iranian President Hassan Rouhani’s call for a legal framework for crypto trading, INTA reportedly detailed the necessity of… Continue reading Iran’s tax authority wants to legalize crypto exchanges

Iran’s tax authority wants to legalize crypto exchanges

The Iranian National Tax Administration (INTA) is pushing to establish a legal framework for the taxation of crypto trading platforms operating in the country, according to a new proposal by the country’s tax authority. Two months after Iranian President Hassan Rouhani’s call for a legal framework for crypto trading, INTA reportedly detailed the necessity of… Continue reading Iran’s tax authority wants to legalize crypto exchanges

UK revenue authority to target cryptocurrency tax evaders

Her Majesty’s Revenue and Customs, the tax authority of the United Kingdom, will ramp up its efforts to snare cryptocurrency tax evaders in an attempt to uncover what it regards as hidden wealth, says U.K. accountancy group UHY Hacker Young. According to the group, the “statement of assets” form that is used in tax evasion… Continue reading UK revenue authority to target cryptocurrency tax evaders

Hong Kong Monetary Authority wants ConsenSys to develop technology for CBDC

Blockchain tech company ConsenSys announced that it would work on the second phase of ‘Project Inthanon-LionRock,’ which will allow the firm to design a proof-of-concept for CBDCs. This project was launched in 2019 by the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) to “study the application of a CBDC to cross-border… Continue reading Hong Kong Monetary Authority wants ConsenSys to develop technology for CBDC

12 local authority areas report ZERO infections in last week

England’s Covid-free zones: 12 local authority areas that are home to 2.4m people report ZERO infections in last week while London has just 94 cases In mid-April most of 12 areas had 50-100 cases a week, showing huge decrease Torbay has had no cases for 4 weeks and Rutland has had no cases for 2… Continue reading 12 local authority areas report ZERO infections in last week

This Port Authority cop makes more than the president

The top 10 earners at the Port Authority last year all work for its police department and raked in more than $300,000 each — thanks to six-figure overtime payments. The agency’s highest-paid employee was Regina Womack, a PAPD sergeant who took home $423,467  — after pulling down $259,717 in OT on top of her base… Continue reading This Port Authority cop makes more than the president

Russian Tax Authority Registers Crypto as Part of a Company’s Capital

A company has blazed a trail in Russia, successfully convincing the country’s tax agency to accept that its equity capital now includes cryptocurrency. The change in the ownership distribution has been registered after the firm filed a set of notarized documents confirming a new investment was made in digital coins, not fiat rubles. Also read:… Continue reading Russian Tax Authority Registers Crypto as Part of a Company’s Capital

Internet Authority: History of Centralized Companies Being Hostile Toward Crypto

On June 10, one of the top cryptocurrency media sites, CCN, initially announced that it would shut down, citing a June 3 Google Core Update for stifling its traffic. Writing on the website, the director and founder of CCN Markets and Hawkfish AS, Jonas Borchgrevink, blamed the update for an overnight fall of 71% of… Continue reading Internet Authority: History of Centralized Companies Being Hostile Toward Crypto

Financial Conduct Authority [FCA] issues warning against fraud cryptocurrency clone firm

The Financial Conduct Authority (FCA) has warned people of a cryptocurrency clone firm, going by the name – ICAP Crypto. It is a crypto-clone company of the ICAP Europe Limited. Their modus operandi is that they use the information of people taken from a credible firm and show themselves as a legit organization. The original… Continue reading Financial Conduct Authority [FCA] issues warning against fraud cryptocurrency clone firm

Regulations Round-Up: MAS Official Says Tokens Aren't Securities, SEC on Bookkeeping Obligations

In recent regulatory news, an official representing the Monetary Authority of Singapore (MAS) has stated that no existing crypto tokens meet the regulator’s definition of a security offering; the chief accountant of the United States Securities and Exchange Commission (SEC) has emphasized the “fundamental” bookkeeping responsibilities of firms operating with cryptocurrencies; and the head of… Continue reading Regulations Round-Up: MAS Official Says Tokens Aren't Securities, SEC on Bookkeeping Obligations

Financial Conduct Authority Issue Warning To UK Bitcoin Investors

The UK Financial Conduct Authority (FCA) have issued a warning to Bitcoin and cryptocurrency investors in the UK with regards to a rogue trading platform that has been established by the name of ‘Fair Oaks Crypto’. It is alleged that Fair Oaks Crypto seems to be masquerading as a cryptocurrency trading platform, yet it does… Continue reading Financial Conduct Authority Issue Warning To UK Bitcoin Investors

Austrian Financial Market Authority Demands Stricter ICO And Cryptocurrency Regulations

The Austrian Financial Market Authority, also known as FMA, through its board of directors, Klaus Kumpfmuller and Helmut Ettl, demands stricter ICO (Initial Coin Offering) and cryptocurrency regulation. The announcement was made public by the Austrian newspaper “Die Presse,” cited by “Cointelegraph auf Deutsch” yesterday, on June 29th. Klaus Kumpfmuller asked for a “threshold-dependent” plan… Continue reading Austrian Financial Market Authority Demands Stricter ICO And Cryptocurrency Regulations

Dutch AFM on Licensing Requirements for Institutions Invested in Crypto

The Dutch financial regulator, The Netherlands Authority for the Financial Markets (AFM) has published a letter addressed to new and currently existing institutions invested in cryptocurrencies. The letter seeks to inform that certain cryptocurrency investment activities may require licensing from the AFM, however, expresses “serious doubts” as to “whether managers of investment institutions in cryptos… Continue reading Dutch AFM on Licensing Requirements for Institutions Invested in Crypto

'My Big Coin' in Court This Week as CFTC Tries to Combat Crypto Fraud

The case against embattled cryptocurrency startup My Big Coin is being watched closely by industry insiders, as it will help determine whether or not the U.S. Commodity Futures Trading Commission has the authority to combat potential fraud associated with the coin and others.  Jurisdiction of U.S. Regulators In line with increased attempts this year by… Continue reading 'My Big Coin' in Court This Week as CFTC Tries to Combat Crypto Fraud

UK’s Financial Conduct Authority Issues Warning on Cryptocurrency Derivatives

The Financial Conduct Authority (FCA) released a statement on April 6, 2018, which mentioned that any firm that offers cryptocurrency derivatives needs to be authorized by the FCA. While the FCA does not regulate cryptocurrencies, cryptocurrency derivatives are, however, “capable of being financial instruments under the Markets in Financial Instruments Directive II (MIFD II), although… Continue reading UK’s Financial Conduct Authority Issues Warning on Cryptocurrency Derivatives