New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security

New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a SecurityOn March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets, despite the exchange not being registered in the […]

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Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says

Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank SaysThe Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital assets to support its war effort. Singapore Says Measures Targeting Russia Apply to All […]

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Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers

Belgium Introduces Registration for Crypto Exchange and Wallet Service ProvidersAuthorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their respective activities. Financial Regulator Imposes Mandatory Registration for Crypto Exchange Service Providers in […]

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Japan Considers Stricter Crypto Regulations in Light of Russia Sanctions

Japan Considers Stricter Crypto Regulations in Light of Russia SanctionsAuthorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month. Government of Japan to Close Loopholes for Russians in Crypto Space Amid concerns […]

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Thailand Adopts Rules Restricting Cryptocurrency Payments From April

Thailand Adopts Rules Restricting Cryptocurrency Payments From AprilRegulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only bring risks for the financial system, economy, people and businesses. Thailand SEC Issues Regulations Limiting Use of Digital Assets for Payments Financial regulators in Thailand […]

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Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says

Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report SaysCyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned nation has also been developing its nuclear and missile programs. North Korea Hits Cryptocurrency Exchanges, Sanctions Monitors Say Hackers controlled by the Democratic People’s Republic […]

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Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia

Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in RussiaRussians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the government called for additional regulations, including the introduction of mandatory identification for those who transact with digital coins. Anti-Corruption Official Pushes for Rules to Mitigate Risks of […]

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Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial MonitoringThe Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house in Kazakhstan’s parliament, the […]

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