Brazilian police shut down alleged $360M crypto scam
As many as 5,000 victims were promised that they would receive huge returns on their crypto investment, according to police in the Brazilian state of Curitiba.
Articles By Admir Aljic:
Brazil taxman to fine crypto tax evaders
The Department of Federal Revenue has published a new tax code specifying the fines to be imposed on those not reporting their cryptocurrency-related transactions.
Sri Lanka to advance financial sector with blockchain’s help
The Central Bank of Sri Lanka is looking for companies that are able to build a proof of concept shared Know-Your-Customer platform to be used in the banking industry.
Uttar Pradesh launches blockchain solar trading platform
The largest state in India announced that they will be starting a blockchain-based solar energy trading platform that will allow for peer-to-peer trading.
IBM patent takes on package drone theft with blockchain’s help
IBM has secured a patent from the U.S. Patent and Trademark Office (USPTO) for a blockchain system aimed at “preventing anonymous theft by drones.”
South Korea blockchain research gets $380M boost
The Ministry of Science and Technology of South Korea will invest KRW450 billion (~$382 million) to boost blockchain research and development.
Mitsubishi subsidiary is putting salmon on blockchain
The system will enable consumers to scan a QR code that is on the label, which, in turn, will tell them everything about the journey of the salmon “from egg to store.”
BaFin advises crypto investors to steer clear of unlicensed 5 Capital
BaFin had prohibited Bulgarian cryptocurrency broker 5 Capital from being able to operate within the country as they have been unlawfully issuing contracts for difference.
Unregistered crypto exchange busted in Australia, owner arrested
Detectives from the e-Crime Squad in Cairnlea, Victoria, have arrested a local man allegedly involved in running an unregistered cryptocurrency exchange service.
Singapore central bank to use blockchain in new payments system
The Monetary Authority of Singapore has completed a blockchain-powered cross border payment system that can handle a wide range of currencies.
Singapore GST reform targets cryptocurrencies, imported services
Cryptocurrencies will not be considered legal tender under the amendment, but they will be accepted as a medium of exchange for some transaction types.
Tencent secures license to build virtual bank
Tencent has received a new license from the Hong Kong Securities and Futures Commission to create a virtual bank powered by blockchain technology.