Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for non-compliance with current regulations. The announcement was made by Joselit Ramirez, Superintendent of Sunacrip, who also mentioned institution-approved exchanges, leaving some big names like Binance off the list. Sunacrip strengthens compliance requirements for trading inRead More →

There were heated exchanges within the Dáil on housing policy. The Sinn Féin leader told the House that ‘rent scams’ continue under government scrutiny. Mary Lou McDonald said it had a real impact on people’s lives and spoke of a generation of renters being pushed aside. “You need to turnRead More →

Bitcoin (BTC) is being bought aggressively now that the price has approached $30,000: longer-term investors are absorbing liquidity from short-term sellers. Data from on-chain monitoring asset CryptoQuant shows that, in late December, BTC reserves on exchanges began to decline again. Bitcoin is attractive to investors at current levels After aRead More →

Cryptocurrency companies have put forward several proposals to regulate cryptocurrency, ranging from making exchanges liable for any money laundering or other regulatory concerns to differentiating between different exchanges based on their net worth and their technology. In a series of recent meetings between some crypto exchanges, their advisors, and governmentRead More →

New problems could be brewing for cryptocurrency exchanges, as the income tax department is now planning to investigate them on the tax applicable to their total income. This comes after the Goods and Services Tax (GST) department conducted research last week on crypto exchanges. The direct tax department may lookRead More →

Binance has formed a joint venture with a consortium led by the $830 million venture capital arm of Telkom Indonesia. Binance aims “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesia-based digital asset exchange.” Binance Building Cryptocurrency Exchange in Indonesia Blockchain and cryptocurrency infrastructure providerRead More →

Legal experts are sounding the alarm after Blockchain Global (BG), the parent company of crypto exchange ACX, entered voluntary administration in September. Similarly, Mycryptowallet collapsed last week, prompting renewed calls for tougher regulation on the crypto industry as a whole. According to the Guardian, $50 million in cryptocurrency was lostRead More →

Cryptocurrency exchanges are turning to targeted advertising and marketing campaigns to soothe the nerves of investors abandoning their investments amid regulatory uncertainty over virtual currencies. Some of the exchanges, including CoinDCX and CoinSwitch Kuber, have restarted advertising and marketing campaigns, but not as aggressively as before, industry insiders said. InRead More →

Source: capital.com 2021 has been a year of significant growth for the cryptocurrency markets in India. However, fear of future regulatory changes is now causing several exchanges to lock accounts for suspicious transactions. Users on Multiple Exchanges Locked Out for Suspicious Account Activity Source: ccn.com Popular crypto exchanges in IndiaRead More →

This week, advocates from across Pennsylvania are set to rally in Harrisburg to support the legalization of needle service programs in the Commonwealth, where the public health measure is still against the law – although some communities allow them to serve people with addictions. Meanwhile, in New Jersey, where needleRead More →

A fintech-focused Senate committee has recommended a complete overhaul of Australia’s regulatory process for the digital currency industry. In a new report, the committee recommended several changes that will impact digital currency exchanges, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), block reward miners, merchants and other parties. infant industry stakeholders.Read More →

Like stores across the country, military exchanges are grappling with supply chain issues related to COVID and rising prices. Problems affect everything from the manufacturing process to the entire shipping chain. “We continue to fight for our ‘unfair share’ of inventory to provide continued availability of goods to service membersRead More →

RRetail investors continue to embrace crypto in the second half of this year, and institutional investors are noticing the rapid rise of many cryptocurrencies, from Bitcoin and Ethereum to Litecoin and Chainlink, among thousands of others. Already, cryptocurrencies are gaining more recognition as a method of payment, with companies suchRead More →

Binance decreased bitcoin withdrawals for unverified user accounts by 97%. This is normal for large crypto exchanges, fighting against money laundering. A basic user account verification is instant, but a full KYC verification by an exchange can take a few days. The world’s largest cryptocurrency exchange, Binance, has drastically reducedRead More →

The American Plan for Families proposed by President Biden highlights a popular tax deferral strategy used by property owners and investors, mainly because the spending program would eliminate it in some cases. A 1031 exchange (named after Section 1031 of the tax code) allows someone to defer payment of capitalRead More →

Representations of the cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin are seen in front of a displayed Binance logo. Photo: REUTERS/Dado Ruvic/Illustration Cryptocurrency exchanges grabbed headlines in 2021 thanks to the Coinbase (COIN) IPO in New York and, more recently, the regulatory review of Binance, one of the most privateRead More →

Financial regulators in South Korea have asked banks to provide information on their dealings with cryptocurrency companies, local media reported Wednesday, as authorities seek to determine how many cryptocurrency exchanges are operating at within the country’s borders. An anonymous regulator has asked banks to reveal the corporate accounts of cryptocurrencyRead More →