Recently, an investigation began when allegations that a senior Chinese provincial official was illegally involved in crypto mining activities. The investigation was done by the Communist Party of China (CPC) Central Committee, and once he was found guilty, the...
The Russian government has actively been involved in analyzing cryptocurrency, and recently the Russian State Duma decided to launch a working group that will research ways to handle and regulate the cryptocurrency mining business. Vyacheslav Volodin, the State Duma...
The SEC Commissioner, Caroline Crenshaw, has stated that in the first issue of the international journal of blockchain law that it was high time the blockchain space cooperated with the US SEC, and worked to reduce pseudonymity and increase...
CityCoins have in the past partnered with Miami, a US state in the past. It was able to raise over twenty million dollars from the Miamicoin, and is presently trying to replicate it in another state. This crypto protocol...
Many countries are currently working on their digital version of their currencies or CBDC. Some countries like Nigeria have released their CBDC version of their legal tender, while others are researching the intricacies concerning the best way to release...
On 9 November 2021, the UK government announced the next steps in its exploration of a potential Central BoE Digital Currency (CBDC) for the UK. In a joint statement, the UK’s Ministry of Finance (HM Treasury) and the UK’s...
Recently, the Senate in Kazakhstan passed legislation to ensure that crypto platforms operating in the region are subjected to financial monitoring, in a bid to stop people from using them to give their illegal funds legitimacy. The Senate in...
Two representatives, Darren Soto and Tom Emmer have sent a letter to the Chair of the US SEC, Gary Gensler, stating that a spot ETF was needed, and it was high time that it was approved. The letter went...
Many governments have started enacting laws and guidelines concerning cryptocurrencies because of their expansion and adoption. The Slovenian Finance Ministry is actively involved in monitoring and regulating crypto usage. Recently, the ministry proposed a tax rate of ten percent...
On 7 October 2021, the G20-mandated regulatory standard-setter, the Financial Stability Board (FSB) published a document titled: “Regulation, Supervision, and Oversight of “Global Stablecoin” Arrangements - Progress Report on the implementation of the FSB High-Level Recommendations” (Progress Report). The...
