China had seen a widespread ban on crypto transactions and crypto mining in 2021. Now, the China Economic Daily, the voice of China’s Communist Party, hints at stricter regulations on ‘digital collections’ or NFTs. China will look to regulate “digital collections” under multiple departments as it sees them as having speculative attributes of commodity, currency, […]
Deependra Bhusal has been sentenced to 46 months in federal prison for his involvement in a crypto money laundering conspiracy in the Eastern District of Texas. According to a press release published by the Department of Justice (DoJ), Bhusal was involved in a multi-year money laundering conspiracy that involved laundering funds from a multitude of […]
The Commonwealth Bank of Australia’s recent pilot to allow users of its banking app to hold and use crypto has been slowed down by the country’s financial service regulator, according to a report on Wednesday. Australian Securities and Investments Commission (ASIC) is wrangling the bank over the product disclosure statement, the target market for the […]
Quick Take Secretary of the Treasury Janet Yellen will lay out the Treasury’s high-order perspective on cryptocurrencies in a speech Thursday morning. Like the Biden executive order that Yellen is responding to, today’s speech will be fairly restrained in regulatory threats and careful to bring the crypto industry on board. Treasury Secretary Janet Yellen will […]
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions. Employing Bitcoin to Evade Sanctions Not Possible, Central Bank of Russia Says […]