India Launches Major Crackdown on Crypto Traders Over Undisclosed Income
In a major enforcement action, India’s Income Tax Department has sent out thousands of notices to crypto traders who failed…
Category: Legal
Dubai and UAE move to align crypto frameworks under new partnership
The United Arab Emirates (UAE) has taken a significant step toward harmonizing its approach to crypto regulation. The country’s Securities…
Hong Kong’s stablecoin KYC rules leaves industry observers concerned
Bo Tang, head and assistant director at HKUST, believes that Hong Kong’s stablecoin bill’s strict customer identification requirements could hinder…
India Chases Crypto Tax Evaders With Over 44,000 Warning Notices
India’s Income Tax Department has sent notices to 44,057 cryptocurrency traders who it believes failed to report their transactions for…
BestChange restrictions lifted as popular crypto exchange aggregator returns to Russia
Russian authorities are unblocking BestChange’s website, a popular cryptocurrency exchange data provider in the Russian-speaking segment of the market. The…
$12B BSV delisting claim against Binance, Kraken hits UK Supreme Court
A £9 billion ($12 billion) legal claim against Binance, Kraken, and a number of other major crypto exchanges has reached…
EU banking regulator finalizes capital rules for banks holding Bitcoin, Ether
The European Banking Authority (EBA) has finalized rules requiring banks to hold significantly more capital against so-called “unbacked” cryptocurrencies like…
The Government Is Not Your Friend
Yesterday’s guilty verdict for Roman Storm on the count of conspiracy to operate an unlicensed money service business is absolutely…
NYDFS Fines Stablecoin Issuer Paxos $26.5M for Compliance Failures Tied to Binance’s BUSD
New York’s top financial regulator has fined Paxos, a New York City-based stablecoin issuer, $26.5 million for “systemic failures” in…
What Are Coin Mixers and How Do They Work?
Coin mixers have captured the attention of both the cryptocurrency community and regulators as the battle for privacy ramps up.…