Crypto Regulation

Cash shortage leads to increased demand for crypto in Cuba.

The COVID-19 pandemic has had a devastating impact on the economies across countries as people continue to remain cautious of going out. Cuba has also suffered from this ongoing pandemic as the socialist country now reports food and cash...

Philippines financial regulator issues warning against three unregistered crypto firms.

The Philippines' securities regulator has issued a warning to investors to be aware of three cryptocurrency companies that might be a potential scam as they are not registered with the proper authorities. The Philippines Securities and Exchange Commission (SEC)...

The UK High Court orders the crypto exchange Gpay to shut down.

The UK High Court has appointed liquidators to administer the GPay cryptocurrency trading platform's affairs, following allegations the company is "nothing but a scam." The crypto exchange, which also operates under Cryptopoint and XtraderFX, lured in investors through the...

Chinese police reportedly detained a prominent crypto OTC trader.

Chinese law enforcement agencies are targeting crypto trading. Reportedly, Zhao Dong – a prominent Chinese crypto OTC trader and the co-founder of the crypto lending platform RenrenBit – has been held up by police in the city of Hangzhou....

Brazil authorities lift the short-lived ban on the Whatsapp payment feature.

Facebook's bid to process payments in Brazil through its popular messaging platform Whatsapp has received a boost after the Brazilian regulator lifted the suspension it implemented a few days ago. However, Brazilian citizens are still not able to access...

Singaporean citizen fined $100,000 for promoting the crypto scam OneCoin.

Fok Fook Seng, the 52-year-old Singaporean citizen, was fined $100,000 on July 1 for committing the offense between January 2016 and June 2017, said the Singapore Police Force. Fook Senf was charged in April 2019 under the Multi-Level Marketing...

The Bank of Canada says a CBDC should focus on accessibility and inclusion.

The Bank of Canada recently published a report saying it is aiming to develop a central bank digital currency that could mimic banknotes on the blockchain, providing the same availability and accessibility people have come to expect from physical cash. According...

Lebanese pound continues to lose its value against the dollar as one lira is now worth a satoshi.

Lebanon has been witnessing a monetary crisis for over a year, mainly because of political turmoil in the country. Unofficial reports indicate that the Lebanese pound, or lira, has lost 50% of its purchasing power in less than two...

Russian court rejects appeal for criminals to return stolen bitcoins as it is not a legal tender.

A Russian court cited the reason that cryptocurrencies are not legal tender and rejected a request for criminals to return 100 BTC stolen from a victim because Bitcoin is "technically" not a property in Russian law. According to the...

An alleged crypto ponzi scheme operator steals over $16 million in South Korea.

South Korean officials are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related Ponzi scheme. According to the TV Chosun report, South Korean police are looking into reports that over 160 individuals are believed to...

Latest News

Cash shortage leads to increased demand for crypto in Cuba.

The COVID-19 pandemic has had a devastating impact on the economies across countries as people continue to remain cautious...