Crypto

Australia cracks down on crypto scams, boosts regulatory team

0xMain
February 3, 2023

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The Australian government is strengthening its market regulator’s digital asset team as part of a three-stage plan to regulate crypto and ensure proper risk disclosure from crypto companies. According to a joint statement issued on Feb.2 by Australian Treasurer Jim Chalmers and Assistant Treasurer Stephen...

The global crypto regulatory outlook in 2023

0xMain
February 2, 2023

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The crypto winter and the FTX saga have led to fast-paced crypto regulation efforts in 2023. Globally, regulators are under pressure from governmental bodies and crypto investors to create clear guidelines overseeing digital asset trades. To protect consumers, several countries and regions have...

Charlie Munger knocks crypto, wants US ban

0xMain
February 2, 2023

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Charlie Munger, a 99-year-old billionaire and strong crypto critic, has elicited virile reactions from the online crypto community for being unnecessarily critical with his request to have the U.S. replicate the Chinese crypto ban. A handful of comments on Munger’s Wall Street Journal...

Crypto Regulations international version non US countries

UK lays foundation for robust crypto regulation

0xMain
February 2, 2023

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According to recent reports, the United Kingdom’s His Majesty’s Treasury plans to implement stringent rules for crypto assets. 2022’s dire events that took down several entities have left governments worldwide in dire need of effective crypto regulations. The United Kingdom has spearheaded what...

In the eighth package of sanctions the EU banned citizens of the Russian Federation from owning Cryptocurrency wallets in the Eurozone

Russians look to new crypto exchanges amid restrictions

0xMain
January 31, 2023

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Russian crypto traders’ access to global exchange platforms is limited. The limitations have prompted traders to look for ‘unrestricted’ exchange accounts. According to local Russian news outlet Kommersant, the offering of such accounts on the dark web has significantly increased over the last...

Justin Sun claims China will implement crypto regulations through tax policies

0xMain
January 30, 2023

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According to Justin Sun, China is moving towards crypto legitimacy by imposing a tax on crypto transactions. The move signifies that the Chinese government views crypto assets as a legitimate wealth source and storage vehicle. China’s crypto transaction tax policy Justin Sun, head...

NFT representing ownership of a house in South Carolina sold for 175000

German investigators sell Crypto Queen’s house, Ignatova is still missing

0xMain
January 30, 2023

Crypto, German, Hacking, House, Ignatova, investigators, missing, Queens, sell

Ruja Ignatova, aka the Crypto Queen, has resurfaced after more than five years in hiding. The OneCoin founder is linked to a British government filing for a London property. However, her actual location is still unknown. Meanwhile, BBC claims that German prosecutors are...

South Korea’s Ministry of Justice to enforce crypto tracking system in H1 2023

0xMain
January 29, 2023

Crypto, enforce, Hacking, Justice, Koreas, Ministry, South, system, tracking

The Ministry of Justice in South Korea, through a Government Business Report released on Jan. 26, announced the primer of a ‘virtual currency tracking system’ to curb money laundering and recovery of proceeds of crime. Enforcement of the ‘virtual currency tracking system’ The...

Former PBOC member criticizes China’s ban on crypto

0xMain
January 29, 2023

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Huang Yiping, a former monetary policy member of the People’s Bank Of China (PBoC), has expressed concerns about China missing out on financial development opportunities following the nation’s ban on cryptocurrencies. Cryptocurrency adoption linked to development opportunities, says ex-PBoC member While the PBoC...

US IRS wants everyone to declare if they engage in crypto

0xMain
January 28, 2023

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The Internal Revenue Service (IRS), responsible for enforcing federal tax laws in the United States, recently published a list of reporting obligations for the general public regarding cryptos as the time for filing the 2022 federal income tax return draws near. The IRS...