Ban on digital currencies reportedly coming to Pakistan
The State Bank of Pakistan is concerned about the use of digital currencies in crime, with a recent Binance-linked $100 million scam being cited as an example.
The State Bank of Pakistan is concerned about the use of digital currencies in crime, with a recent Binance-linked $100 million scam being cited as an example.
The SEC accused tZERO of using non-U.S. trading information from a Singaporean firm and failed to properly disclose key information in accordance with regulations.
The European Parliament reached a consensus on a DLT pilot for early 2023 and the ESMA has called for public input to see if it needs to change securities laws.
Lawmakers in the United States are reportedly concerned about the impact the rising number of miners has on the environment and will invite several stakeholders for a hearing.
Scientists from MINDSMITH, OnGrid System, DEKIS, and Tiger.Trade carried out a study regarding investment funds, digital assets, and DeFi solutions, coinciding with the new German Fund Location Act.
Polymarket allowed its users to bet on events such as who wins the U.S. presidential elections or the number of COVID cases, but violated regulations, according to the regulator.
In Canada, the Ontario securities regulator announced that Binance wasn’t authorized to offer services in the province; meanwhile in India, WazirX exchange was accused of evading of $5 million in taxes.
The Library of Congress report shows that the number of countries that banned digital currencies has doubled in three years; nine have an outright ban, while 42 have an implicit ban.
South Korea’s tax agency will use data from the Big Four exchanges to determine the daily average price upon which it will determine the tax to impose.
Estonia has been working on new AML laws that the government approved two weeks ago, and they are designed to clamp down on the digital currency industry.
US SEC Chairman Gary Gensler hired Corey Frayer to oversee “policymaking and interagency work relating to the oversight of crypto assets.”
Serbia is among the first nations to regulate the digital currency space, and the digital currency landscape is slowly evolving in the country, according to Finance Minister Sinisa Mali.