Tag: Government

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Cointelegraph Blocked in Russia

Russian regulator Roskomnadzor institutes a block on Cointelegraph’s website in the Russian Federation. Cointelegraph’s website has become widely inaccessible in Russia as authorities added the domain to a registry of blacklisted sites. The blacklist Although Cointelegraph has been publicly on a list of blocked sites since 2017, it was only yesterday, October 16, that the…
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Central Banks Have Three Options for Crypto Regulations, Says Official

The deputy governor of Banque De France said that central banks really only have three available options to address cryptocurrencies: ignore, ban or adopt. Denis Beau, the deputy governor of France’s central bank, Banque De France, recently delivered comments regarding central banks’ approaches to cryptocurrencies. Establish appropriate cryptocurrency regulations  On Oct. 16, Beau spoke at…
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Supreme Court of India Postpones Cryptocurrency Ban Hearing to November

The Supreme Court of India has postponed a hearing on the Reserve Bank of India’s circular banning banks from rendering services to crypto-related businesses. The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business. In an Oct. 16 session on…
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EY Unveils Public Finance Blockchain to Track Gov’t Spending

Auditing giant EY launched OpsChain Public Finance Manager, a blockchain platform for tracking public funds aiming to enhance transparency. Big Four auditing firm Ernst & Young (EY) has launched a blockchain platform for public funds meant to enhance transparency. Technology news outlet Verdict reported on the launch on Oct. 16. The OpsChain Public Finance Manager…
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Telegram Responds to Investors on SEC Action, Hearing Set for Oct. 24

Telegram does not agree with the SEC’s recent action and claims it has been trying to solicit feedback from the agency for the past 18 months. Telegram Open Network (TON) developers responded to its investors after American regulators abruptly announced that its $1.7 billion token sale was illegal. No clear feedback from SEC for 18…
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Bitcoin Will End the Reign of ‘Dictators and Toll Trolls,’ Says Tim Draper

Combined with other technologies, Bitcoin will change how governments operate worldwide, according to billionaire investor Tim Draper. Billionaire investor Tim Draper has stated that he expects Bitcoin (BTC) — combined with other technologies — to change how governments operate worldwide. In a Medium post published on Oct. 10, Draper calls Bitcoin “the startup currency” and…
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US IRS Adds Question on Crypto Usage to New Income Tax Form Draft

The U.S. IRS will ask taxpayers whether they received, sold, sent or exchanged any financial interest in cryptocurrencies in 2019. The United States Internal Revenue Service (IRS) has added a question on crypto ownership to the standard 1040 income tax form for the coming tax season. IRS wants to know about your crypto in 2019…
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Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny

With government regulations becoming more stringent, crypto businesses are coming together to form self-regulating bodies for the industry. Self-regulation is once again a trending topic in the cryptocurrency landscape as major exchange platforms have announced the creation of self-regulated organizations (SROs) to achieve some standardization in digital currency governance. Government regulators across various jurisdictions continue to…
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Telegram’s TON Board ‘Takes a Break,’ Removes All History From Channel

Private Telegram Open Network channel TON Board announces a temporary halt and removed all previous posts. Following a recent red flag from United States. regulators, a private Telegram channel for Telegram Open Network (TON) is taking a break. Temporary halt for more clarity On Oct. 12, TON Board channel on Telegram announced a temporary halt…
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Bank of Ireland Execs Back Out of Testifying in OneCoin Scam Hearings

Bank of Ireland executives have backed out of testifying before the U.S. Government in the criminal proceedings regarding OneCoin multi-million scam. Bank of Ireland (BOI) executives have backed out of the testimony before the United States Government in the criminal proceedings regarding a $400 million worth money laundering scheme through cryptocurrency scam OneCoin. No testimony…
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