Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims

Indonesia's Islamic Authority Declares Cryptocurrency Haram, Forbidden for MuslimsIndonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncertainty, wagering, and harm. Cryptocurrency Is Forbidden for Muslims Under Islamic Law in Indonesia Indonesia’s Ulema Council (Majelis Ulama Indonesia or MUI), the country’s […]

Go to Source

Powered by WPeMatico

Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

Bank of England Governor Warns Crypto Is Providing Means of Payment for CriminalsBank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity. Bank of England Governor Andrew Bailey Sees Crypto Helping Criminal Activities The governor of the Bank of England, Andrew Bailey, said during an online question-and-answer session organized by the British […]

Go to Source

Powered by WPeMatico

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

Russian Officials Back Idea to Recognize Crypto Miners as EntrepreneursCryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian Government to Collect Millions of Dollars in Taxes After Legalizing Crypto Mining While the […]

Go to Source

Powered by WPeMatico

US Treasury Sanctions 2nd Cryptocurrency Exchange, Seizes $6.1 Million

US Treasury Sanctions 2nd Cryptocurrency Exchange, Seizes $6.1 MillionThe U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange The U.S. Department of the Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has sanctioned […]

Go to Source

Powered by WPeMatico

India Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: Report

India Plans to 'Fast Track' New Cryptocurrency Bill, Seeks to Take 'Middle Path' to Regulate Crypto: ReportThe Indian government is reportedly trying to “fast track” a modified cryptocurrency bill to be introduced in the winter session of parliament. India’s crypto legislation is expected to take a “middle path” approach to balance all stakeholders’ concerns. India Reportedly Modifying Crypto Bill to Introduce at the Start of Winter Session of Parliament India is […]

Go to Source

Powered by WPeMatico