Uzbekistan Collects Over $300,000 From Crypto Sector

Uzbekistan Collects Over $300,000 From Crypto SectorWhile operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan Pays Over $10,000 a Month to the State Coffer […]

Go to Source

Powered by WPeMatico

Several Crypto Exchange Websites Taken Down in Kazakhstan

Several Crypto Exchange Websites Taken Down in KazakhstanFinancial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto Exchange Services The Financial Monitoring Agency (FMA) of the Republic of Kazakhstan has dismantled […]

Go to Source

Powered by WPeMatico

Uzbekistan Licenses 2 Crypto Exchange Service Providers

Uzbekistan Licenses 2 Crypto Exchange Service ProvidersThe regulatory body overseeing the crypto market in Uzbekistan has issued licenses to two companies that will be providing exchange services. The decision to authorize their activities aims to make it easier for Uzbekistanis to purchase and sell digital currencies, the agency said. 2 Crypto Exchanges Licensed to Trade Coins in Uzbekistan Uzbekistan’s National Agency […]

Go to Source

Powered by WPeMatico

Afghanistan Closes Down 16 Cryptocurrency Exchanges, Arrests Operators

Afghanistan Closes Down 16 Cryptocurrency Exchanges, Arrests OperatorsLaw enforcement in Afghanistan has shut down over a dozen crypto exchanges in Herat, detaining the people who were running them. The offensive comes after the introduction of a ban on online foreign exchange that the Taliban seem to have applied to coin trading as well. Taliban Government Goes After Crypto Trading in Afghanistan Citing […]

Go to Source

Powered by WPeMatico

Bank of Russia to Collect Data on Crypto-Related Transactions Between Individuals

Bank of Russia to Collect Data on Crypto-Related Transactions Between IndividualsThe Central Bank of Russia (CBR) plans to obtain information from commercial banks pertaining to some money transfers between private individuals, including clients trading cryptocurrency. The measure is likely to affect online crypto exchangers which the regulator accuses of conducting illegal operations. Central Bank to Check Transactions Between Russians Exchanging Crypto As part of efforts […]

Go to Source

Powered by WPeMatico

Russia to Decide Fate of Crypto Exchangers in 2022

Russia to Decide Fate of Crypto Exchangers in 2022Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations regarding the regulatory treatment […]

Go to Source

Powered by WPeMatico

Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI

Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBIAuthorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement. Russian Founder of Cryptocurrency Exchangers Detained in Holland Denis Dubnikov, co-founder […]

Go to Source

Powered by WPeMatico

Court Ruling Threatens 17 Crypto Exchanges in Russia

Court Ruling Threatens 17 Crypto Exchangers in RussiaAnother batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Information published on their websites has been deemed illegal meaning the country’s telecom watchdog can block access to their platforms. Roskomnadzor May Take Down Blacklisted Crypto Exchanges A number of websites providing options to exchange, cash […]

Go to Source

Powered by WPeMatico

Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers

Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto ExchangersThe 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 […]

Go to Source

Powered by WPeMatico

Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets

Ukraine Shuts Down Crypto Exchangers Sending Money to Russian WalletsThe Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover and allegedly sending money to digital wallets operated by Russian payment providers. Law Enforcement Busts Cryptocurrency Exchangers in Ukraine Officers from Ukraine’s main law enforcement […]

Go to Source

Powered by WPeMatico