Israel new draft bill seeks reporting for digital currency holdings above $61K
The bill is seeking to increase the amount of tax the Israeli government collects from the industry, but several leaders in the space are already up in arms against it.
Latest regulation News
Kazakhstan allows banks to serve digital currency exchanges
The country’s pilot project seeks to make digital currency investment mainstream to attract investment from the global community as well as enhance protection for its local investors.
The CoinGeek Pulse Episode 54: DoJ to probe Tether as Coinbase faces lawsuit, Amazon denies digital currency plans, and nChain launches Kensei
In light of the U.S. government’s crackdown on digital currencies, the Department of Justice is reportedly pulling together a probe on Tether executives for bank fraud allegations.
BlockFi gets 1 month reprieve from New Jersey regulators
Co-founder and CEO Zac Prince confirmed that the NJ watchdog has given the firm one more month before it has to shut down its interest-bearing accounts.
Huobi to dissolve digital currency exchange in China
The move sees Huobi join fellow digital currency exchange OKEx in closing down its Chinese arm, following the People’s Bank of China ban on ICOs and fiat-to-digital currency trading enacted in 2017.
Vanuatu lifts digital currency ban after relentless industry lobbying
Tal Itzhak Ron, the chair of legal firm Tal Ron, Drihem & Co. revealed in an interview that the government silently amended its laws to legalize digital currencies recently.
Binance promises ‘pivot’ as its forced march towards compliance continues
Binance continues its forced march toward regulatory compliance, although new withdrawal restrictions are sparking fears that the troubled cryptocurrency exchange is bracing for a run on its bank.
Kraken CEO Jesse Powell admits to Bank Fraud on Twitter?
Jesse Powell, CEO of Kraken exchange, is under fire for admitting he used money laundering tactics to dodge mainstream financial platforms’ compliance crackdowns.
EU’s ban on anonymous digital currency transfers—a deep dive
With the implementation of the digital euro, digital identities linked to wallets, and new regulations allowing for increased oversight and enforcement, the EU will become an increasingly unfriendly jurisdiction for criminals or those who play fast and loose with the law.
South Korea to seize digital currencies from tax dodgers in proposed law
To help share the burden of taking care of its aging population, the South Korean government has been hiking taxes for the wealthy and cracking down on money laundering.
Binance takes page out of online gambling playbook as regulators bring hammer down
The beleaguered Binance cryptocurrency exchange continues to rein in its excesses in a bid to avoid the fate suffered by some U.S.-facing online gambling sites.
CoinGeek Backstage: Bitcoin Association legal counsel Marcin Zarakowski talks regulation
On the sidelines of CoinGeek Zurich, Bitcoin Association’s legal counsel Marcin Zarakowski discusses how the changing regulatory environment affects digital currencies.