An Argentinian regulator approved the expansion of a gas tracking platform piloted by over 2 million residents. Argentina’s natural gas regulator, Enargas, approved the expansion of a blockchain-based gas distribution tracking platform. The system was already piloted by a local distributor servicing over 2 million residents. According to an announcement on March 18, the system…
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Canada’s financial regulator has announced that it will soon implement new anti-money laundering laws including stringent reporting requirements for crypto. The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon implement new anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The laws including updated guidelines for virtual currencies. In a…
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As the Coronavirus outbreak rages in the U.S., the government passed relief measures that delay the payment of taxes to July, which also affects crypto investors. The United States Internal Revenue Service (IRS) will defer tax payments below $1 million from April 15 to July 15. Crypto traders can also take advantage of the measure…
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Singapore’s central monetary authority issued a new set of guidelines for digital payment token service providers on March 16. Some countries have been late to the party when it comes to recognizing and regulating digital assets. The first time that Singapore’s central bank issued a framework for the regulation of payment-related activities was on Jan.…
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A U.S. judge has ruled that Craig Wright — the self-proclaimed “Satoshi Nakamoto” — must only repay 20% of the fees and expenses requested by Ira Kleiman. United States Magistrate Judge Bruce Reinhart has ruled that the self-proclaimed Satoshi Nakamoto, Craig Wright, must pay only 20% of the legal fees requested by the estate of…
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After some regulatory uncertainty, the U.S. has started its journey to the regulated space for blockchain and DLT industry. The United States’ concerns about the rise of cryptocurrency use in illegal activities have only been growing as developments in the space continue to push the envelope. There is a global race to launch stablecoins that…
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The Reserve Bank of Zimbabwe is reportedly working on a regulatory sandbox that would help fintech and crypto companies operate in the country freely. The Reserve Bank of Zimbabwe (RBZ) is reportedly developing a regulatory sandbox for cryptocurrency companies in the country. The news was reported on March 16 by local newspaper Chronicle, citing a…
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Data companies are bringing transparency and accountability to the crypto market, making way for institutional investments. On Feb. 26, the Securities and Exchange Commission announced the rejection of yet another ETF submission from Wilshire Phoenix, a New York-based investment firm, citing a lack of resistance to market manipulation and fraudulent activity. The filing stated that…
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Colombia is one of the key players in the crypto sphere by pace of adoption. What are the reasons behind such popularity? The growing popularity of cryptocurrencies in Colombia has been widely discussed, as there is no unanimous consensus over the key reasons that are driving this momentum. The fact is that there are several…
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U.S. agencies work to handle crypto in sanctions evasion, but may ultimately just cut the country off from an evolving financial world. Running up against limited experience and resources for monitoring potentially illegal use of digital assets, United States authorities delegate sanctions monitoring to cryptocurrency exchanges and industry players. But do current practices do more…
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