Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New RulesThe majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 […]

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Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law

Hong Kong to Introduce Licensing for Crypto Platforms Through AML LawNew legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats. Hong Kong Lawmakers to Review Bill Aligning Crypto Sector With […]

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Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

Upcoming AML Regulations in Estonia to Affect Cryptocurrency IndustryEstonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML policies. Government of Estonia Creates Stricter Regulatory Environment for […]

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Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns

Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank WarnsMining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however, the Nepalese have continued to invest in bitcoin, media reports reveal. Engaging in Illegal […]

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Election Candidates in Russia to Disclose Crypto Investments, New Bill Suggests

Election Candidates in Russia to Disclose Crypto Investments, New Bill SuggestsA new bill obliging candidates running for election in Russia to declare their spending on digital assets has hit the floor of the State Duma. According to the draft, Russian politicians will be required to disclose details about every crypto purchase they and their families make, if the total exceeds a certain amount. Candidates to […]

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Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’

Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention 'Digital Dollars'During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar” and “digital ledger entries.” Following the submission of the […]

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Encryption Standards Threatened Under Pretext of Battling Coronavirus

Encryption Standards Threatened Under Pretext of Battling CoronavirusGovernments around the world have been trying for some time to bypass encryption and backdoor messaging apps. End-to-end encryption was preventing authorities from stopping terrorist attacks, we were told, and personal privacy had to be sacrificed for the greater good. Now, as the coronavirus spreads through the world, the powers-that-be claim public health is being […]

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Liechtenstein Adopts Token Act to Attract Crypto Business

Liechtenstein Adopts Token Act to Attract Crypto BusinessOne of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. Also read: Turkish Government […]

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5 Major Indian Laws That Apply to Cryptocurrency

5 Major Indian Laws That Apply to CryptocurrencyIndia has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News.Bitcoin.com talked to one of the authors of the report to uncover more details. Meanwhile, the Indian government is currently finalizing regulations specific to crypto assets. Also read: Indian Supreme Court Postpones Crypto Case […]

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Bill to Curb Iranian National Crypto Filed in US Congress

Draft legislation designed to hamper Iran’s efforts to create a sovereign cryptocurrency has been introduced in the U.S. Congress. The Blocking Iran Illicit Finance Act bans U.S. citizens and companies from all transactions and dealings in Iranian digital currency. The bill also introduces sanctions against foreign nationals and organizations that support the development of the […]

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