El Salvador’s Bitcoin detractors: Opposition mounts despite crypto rollout
Resistance against El Salvador’s move to make Bitcoin a legal tender persists even as the law comes into effect. Go to Source Powered by WPeMatico
Law
Auto Added by WPeMatico
Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns
Mining 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 … Read more
US crypto exchange CrossTower expands to India
CrossTower is betting on the growing crypto market in India despite the uncertainty over the legal status of Bitcoin in the country. Go to Source Powered by WPeMatico
Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market
The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations of crypto businesses. Ukraine Legalizes Crypto Activities, Defines Virtual Assets Ukraine’s Verkhovna Rada, the country’s … Read more
Russian Duma wants to regulate crypto mining as business
Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. Go to Source Powered by WPeMatico
Bitso to assist the launch of El Salvador’s official Bitcoin wallet Chivo
Mexican crypto exchange Bitso is announced as a core partner for El Salvador’s state-issued BTC wallet. Go to Source Powered by WPeMatico
Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto
Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years. Go to Source Powered by WPeMatico
El Salvador police arrested and released Bitcoin detractor without a warrant
The National Civil Police later released a statement saying Mario Gómez’s detainment was related to an investigation for financial fraud. Go to Source Powered by WPeMatico
Not Legal Advice… America: The world’s most creative junkie
What the United States needs is tens of billions of dollars, and the state is going to take it from the American crypto community. Go to Source Powered by WPeMatico
New NY Gov. taps former Obama official to head state’s financial regulator
Adrienne Harris said she aims “to ensure we have a robust and fair financial system, and an equitable economy” in her role at the NYDFS. Go to Source Powered by WPeMatico
