Category: Regulation
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Indian man arrested on charges of crypto fraud via ‘Morris Coin’ scheme
A 36-year-old man from Kerala was arrested under charges of cryptocurrency fraud.
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New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says it wants to improve its understanding of the…
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Investor losses legal battle against Bithumb for 2017 data breach incident
The user claimed to have lost a massive amount of money due to Bithumb’s negligence.
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Crypto scammers plague Estonia’s e-residency program
Local authorities hope that tackling the issue will restore trust in the e-residency program.
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Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings
Russia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested…
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US SEC issues no-action letter on compressed digital asset settlement process
In issuing a no-action letter, the SEC took a more nuanced position on virtual assets.
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The CFTC Files Complaint Against Crypto Trading Company
The United States Commodity Futures Trading Commission (CFTC) on Thursday, September 24, filed a complaint against crypto dealing Paxforex for allegedly soliciting or accepting business from US customers without relevant registration. According to a report, the CFTC wants a U.S. court to stop Paxforex from continuing with the “unlawful acts and practices,” as well as…
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Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law
Israeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli…