watchdog – DIGIT INFO

Watchdog: Visa–Mastercard ‘duopoly’ spends millions blocking competition

DIGIT — Thu, 26 Sep 2024 20:49:16 +0000

According to a report, the two companies spent a combined $80 million lobbying against credit card competition acts.

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Consumer watchdogs call for EU action on in-game digital money

DIGIT — Fri, 13 Sep 2024 04:21:46 +0000

Consumers fall prey to many deceptive practices when buying and using in-game currencies in video games, claims BEUC.

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Tax Authority Slated to Become Main Crypto Regulator in Russia

DIGIT — Wed, 17 May 2023 10:25:56 +0000

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service […]

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Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin

DIGIT — Sun, 12 Mar 2023 05:30:36 +0000

Use 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

DIGIT — Sat, 11 Mar 2023 02:35:05 +0000

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

DIGIT — Thu, 12 Jan 2023 12:30:08 +0000

The 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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Israel’s Securities Watchdog Seeks to Regulate Crypto Assets

DIGIT — Fri, 06 Jan 2023 08:30:21 +0000

The 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

DIGIT — Thu, 15 Dec 2022 12:30:17 +0000

Germany’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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Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says

DIGIT — Sun, 11 Dec 2022 06:30:50 +0000

Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator supports prohibiting payments with digital coins and their advertising. Rosfinmonitoring Backs Government’s Strategy to Strictly Regulate Cryptocurrencies in Russia The Federal […]

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Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets

DIGIT — Sat, 03 Dec 2022 04:30:42 +0000

The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract capital through coins and tokens. Uzbekistan Government Sets Out to Regulate Digital Asset Investments The National […]

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