Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin

Cryptocurrency Turnover Growing in Russia, Watchdog Reports to PutinUse of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system, the official revealed. Volume of Crypto Transactions in Russia Almost $13 Billion, Financial Authority Says The turnover of crypto […]

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Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through BinanceAuthorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading cryptocurrencies in Kazakhstan, ABS […]

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Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail CustomersBrian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over […]

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Uzbekistan Collects Over $300,000 From Crypto Sector

Uzbekistan Collects Over $300,000 From Crypto SectorWhile operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan Pays Over $10,000 a Month to the State Coffer […]

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Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal

Coinbase Fined €3.3 Million in Netherlands, Exchange Considers AppealThe Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without Registration De Nederlandsche Bank (DNB) […]

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Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges

Ukraine’s Financial Watchdog Reports Blocking Russian Crypto ExchangesThe financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a report. Ukrainian Financial Authorities Target Russian Crypto Exchange Websites and Wallets The State Financial Monitoring Service (SFMS), […]

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Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto Apps

Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto AppsThe agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in the Bundesrepublik. Financial Authorities Advise Germans How to Protect Their Mobile Apps From Malware The Federal Financial Supervisory Authority of […]

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Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings 

Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation […]

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Israel’s Securities Watchdog Seeks to Regulate Crypto Assets

Israel’s Securities Watchdog Seeks to Regulate Crypto AssetsThe body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s Securities Laws Aimed at Expanding Supervision Over Crypto Arguing that […]

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Time for Serious Global Crypto Regulation, Germany Says

Time for Serious Global Crypto Regulation, Germany SaysGermany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin President Convinced Self-Regulation Won’t Work for Crypto The […]

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