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UK’s top financial watchdog wants to bar investors from accessing government compensation in the event of crypto scams or not-at-fault financial loss. Go to Source Powered by WPeMatico
The Biden-Harris administration has unveiled its strategy on “countering corruption.” It includes utilizing the government’s newly established task force, the National Cryptocurrency Enforcement Team, to focus on “complex investigations and prosecutions of criminal misuses of cryptocurrency.” US Crypto Enforcement Strategy for ‘Countering Corruption’ The White House announced Monday, “In line with the president’s direction, the … Read more
“We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand,” said Representative Patrick McHenry. Go to Source Powered by WPeMatico
The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Violators may be arrested without a warrant and held without bail. In addition, the crypto bill may call for a uniform know-your-customer (KYC) process for all crypto exchanges. Proposed Rules in … Read more
A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery investor has offered to bail out the collapsed crypto … Read more
William Burns said that building knowledge on crypto was “an important priority” for the CIA, and he planned to devote “resources and attention” to it. Go to Source Powered by WPeMatico
“I want to do my job as ethically and impartially as I can,” said AOC, who added that as a member of the House of Representatives’ Financial Services Committee she has chosen not to hold stocks or investments, including digital assets. Go to Source Powered by WPeMatico
Mirror Trading International, the now-defunct fraudulent bitcoin investment platform, is said to be owed more than $129 million by debtors that had not been declared previously. Unaccounted for Debtors Liquidators of the collapsed South African bitcoin Ponzi scheme, Mirror Trading International (MTI), recently released a statement that suggested the scheme is owed as much as … Read more
Officials have already started digitizing government services on the smart contract network RSK, but plan to step up work on the integration in early 2022. Go to Source Powered by WPeMatico
Bancolombia, Colombia’s largest bank, will be offering cryptocurrency trading to customers in a pilot program within a regulatory framework established by the country’s financial regulator, the Superintendencia Financiera de Colombia (SFC). Customers of the Colombian bank will be able to trade bitcoin, ether, litecoin, and bitcoin cash. Bancolombia to Offer Cryptocurrency Trading to Customers in … Read more
