The Ministry of Digital Transformation of Ukraine and Binance plan to collaborate on the creation of new virtual assets in Ukraine. Major global crypto exchange Binance will collaborate with Ukrainian authorities to establish cryptocurrency-related legislation in the country. Potential legal status of cryptocurrencies in Ukraine Binance has signed a memorandum of understanding (MoU) with the…
Read more
CipherTrace’s support for BNB and Binance Chain will not affect Binancians’ security and data protection, Binance COO Samuel Lim says. American blockchain security firm CipherTrace will provide Anti-Money Laundering (AML) controls for Binance Chain and its native asset Binance Coin (BNB). CipherTrace to increase AML checks on Binance Chain Binance Chain, a public blockchain of…
Read more
The Republic of San Marino adopted the Register of Blockchain Entities, inviting companies in the industry to apply for certification. The Republic of San Marino has officially adopted the Register of Blockchain Entities, inviting companies in the industry to apply for certification. Companies can apply for blockchain certification online The project was initiated by San…
Read more
A U.S. court has ordered defendants in a fraud case to pay over $4 million in penalties for running a scheme with the “worthless” ATM Coin. A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin. Case first brought by the CFTC in April…
Read more
The pro-Bitcoin Paralelní Polis faces penalties if it continues to use the term “coin” to describe its commemorative 0.01 BTC silver coins. Bitcoin (BTC) friendly Czech crypto-anarchist movement Paralelní Polis has received a warning from the country’s central bank for issuing its own coins. Central bank fine “completely nonsensical” As representatives reported on Twitter on…
Read more
The United Kingdom government tax agency has updated its cryptocurrency taxation guidelines for businesses and individuals. The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals. On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies,…
Read more
Lawyer Jake Chervinsky raised the question of whether exposing the public to risks with KYC requirements is worth enduring the risks. In the aftermath of the recent BitMEX data leak, lawyer and general counsel at decentralized finance startup Compound Finance Jake Chervinsky raised the question of whether exposing the public to data risks that Know…
Read more
After being pummeled by the 2018 crypto winter, two mining giants — Bitmain and Canaan — have filed for IPOs with the SEC in U.S. In 2017, Bitmain ruled the roost and all eyes were on China, but 2018 was a barren year for cryptocurrency. Prices plummeted. Companies crumpled. The long-awaited initial public offerings of…
Read more
Belgium’s financial watchdog has made an additional update to its blacklist of crypto-related websites associated with fraud. Belgium’s Financial Services and Markets Authority (FSMA) has made an additional update to its blacklist of cryptocurrency-related websites associated with fraud. On Oct. 29, Belgium’s financial watchdog updated its list of cryptocurrency trading platforms for which it has…
Read more
Malta’s financial watchdog has received letters of intent from 21 crypto exchanges to be licensed under the Virtual Financial Assets Act. The Malta Financial Services Authority (MFSA) has received queries from 21 cryptocurrency exchanges seeking licensure under the Virtual Financial Assets (VFA) Act. 21 firms out of 34 potential VFA providers are crypto exchanges According…
Read more
