Two days ago, the U.S. President decided to suspend the entry of most foreign citizens who visited certain European countries during the last two weeks. As a result, a lot of people from Europe and other parts of the world won’t be able to enter the U.S. This move is going to affect the crypto …
Several clients of one of the largest banks in the world decided to settle a lawsuit with JPMorgan Chase Bank. Everything started in April 2018 when Brady Tucker filed the suit against the bank. However, the investment bank wanted to dismiss the case. Tucker filed an amended compliant alongside Ryan Hilton and Stanton Smith. According …
JPMorgan Chase Bank Cardholders Settled a Lawsuit Read More »
The relationship between the crypto community and banks around the world are far from being ideal. Moreover, the process of crypto adoption will take time as many private and governmental organizations are not ready to endorse cryptocurrencies. Recently, the six-largest bank in the world, JPMorgan Chase Bank, settled a crypto-related lawsuit. Investment bank settled a …
Crypto regulations remain as one of the biggest challenges for governments due to various factors. Last year, the Australian Taxation Office (ATO) published its guidance on the taxation on cryptocurrencies. Australian authorities, as part of the campaign to raise awareness, plan to contract thousands of residents. This way, they want to give people the opportunity …
In the next couple of weeks, the Australian Taxation Office (ATO) plans to contact hundreds of thousands of Australian cryptocurrency investors. This way, Australian authorities want to remind crypto investors about their obligations. As a reminder, in 2019 Australian Taxation Office published its guidance on the taxation on cryptocurrencies. As a result, Bitcoin and other …
Cryptocurrencies such as Bitcoin, Ethereum, and others offer a number of advantages in comparison with fiat currencies. Asian countries have the possibility to play a more active role when it comes to crypto adoption. Good news related to the crypto industry came from Indonesia. Country’s Commodity Futures Trading Regulatory Agency approved the application of Crypto …
Crypto exchange provider Zipmex received permission to operate in Indonesia from the country’s Commodity Futures Trading Regulatory Agency. It is an important moment for the provider, as it already secured a go-ahead from Thai and Australian authorities. As a result, Zipmex continues to expand its services around the region. The chief legal officer of Zipmex, …
Crypto Exchange Provider Zipmex and Indonesian Authorities Read More »
Crypto adoption is not an easy task even for the biggest economy in the world. Moreover, as can be seen from Facebook’s Libra project, cryptocurrencies are struggling to gain recognition due to several factors. However, one U.S. lawmaker wants to change the situation for the better thanks to his crypto-currency act. Furthermore, Paul Gosar is …
Cryptocurrencies step-by-step became popular around the world. One U.S. Congressman wants to clarify certain aspects connected with the crypto industry. On March 9, Paul Gosar introduced the “Crypto-Currency Act of 2020”. Based on the information provided by Gosar’s legislative assistant, this bill will tackle several problems. For example, the bill will provide not only clarity …
Crypto-related crimes are rising, and companies should pay more attention to this threat. Moreover, not only individuals but even countries started to use such methods to steal money. One example of how the government turned to crypto comes from the most isolated country in the world. It is not hard to guess the name of …
North Korea is the most isolated country in the world, and it retains this status for decades. Recently, the U.S. Department of Justice charged two Chinese nationals. According to the U.S. authorities, Tian Yinyin and Li Jiadong allegedly conspired with North Korean state-sponsored hackers to steal more than $100 million worth of cryptocurrency. Crimes related …
Department of Justice, North Korea, and Crypto Crimes Read More »
Crypto regulations are one of the most debated topics as there is no unique approach when it comes to cryptocurrencies. Nevertheless, the crypto industry continues to evolve, and the topic of crypto regulations will become even more important in the future. One example of how to deal with cryptocurrencies comes from South Korea, one of …
Recently, the parliament of South Korea passed a new amendment. As a result, digital assets are entirely legal in the East Asian country. The National Assembly amended the act on Reporting and Use of Specific Financial Information. The country’s parliament approved a landmark cryptocurrency bill. Thus, cryptocurrency trading is now entirely into the legal system …
India is home to more than 1 billion people, and it has one of the largest economies in the world. As a result, its crypto industry has the potential to attract local as well as foreign investors. Moreover, the country’s supreme court supported the crypto industry. The Supreme Court of India made a historic decision. …
Crypto Exchanges and Startups Against the Central Bank Read More »
On Wednesday, the Supreme Court of India made a historic decision. A three-judge bench of the court ruled in favor of petitions by crypto exchanges and startups. As a reminder, the Reserve Bank of India banned local financial institutions form providing banking services to exchanges. However, the country’s supreme court decided to reverse this decision. …
Supreme Court of India Decided to Support Crypto Industry Read More »
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