The Bank of Russia has warned that though the market of tokenized real-world assets is still in its infancy and does not yet pose significant systemic risks, its expansion could introduce critical challenges. In a detailed 47-page report, the...
The European Central Bank calls for quicker action on the digital euro, warning that ongoing legislative delays could jeopardize progress as global competition intensifies. In an interview with Euronews, Evelien Witlox, the ECB's project manager for the digital euro,...
South Korea's ruling Democratic Party of Korea (DPK) is planning to implement the long-delayed cryptocurrency tax regulations in early 2025, following a decision not to approve further delays, according to a local news outlet, the Seoul Shinmun. The regulation, ...
Switzerland's Financial Market Supervisory Authority (FINMA) has raised concerns about the growing risks of money laundering linked to cryptocurrencies. In its 2024 Risk Monitor report, the regulator highlighted how cryptocurrencies are being used for cyberattacks, illegal transactions on the...
In a coordinated effort, the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DoJ) have settled charges with BIT Mining, formerly known as 500.com, for violations of the Foreign Corrupt Practices Act (FCPA) related to a...
In early October, the United States’ Federal Bureau of Investigation (FBI)’s interesting approach to combat cryptocurrency fraud made rounds in the news. The covert intelligence agency created and deployed its digital token, NexFundAI, as part of a sting operation...
The European Banking Authority (EBA) has issued new guidelines for payment service providers (PSPs) and crypto-asset service providers (CASPs) to ensure compliance with the European Union’s sanctions when transferring funds or crypto assets. Released on November 14, the guidelines...
Nepal’s Financial Intelligence Unit (FIU) has raised alarms over the growing use of cryptocurrencies in cyber-related frauds despite an official ban on crypto trading. The FIU is a division of the Asian country’s central bank, Nepal Rastra Bank, and...
Russia is advancing a draft amendment to its Bitcoin mining legislation, proposing new tax regulations for crypto mining activities, transactions, and associated infrastructure. According to a report by local media Interfax, the country’s Ministry of Finance has introduced...
Authorities in Paju, a city in South Korea's Gyeonggi Province, are ramping up efforts to collect unpaid taxes by targeting residents who use cryptocurrency to evade payment. Local officials have issued warnings to 17 individuals with outstanding tax debts...
