Group of Salvadorans Take to the Streets to Protest El Salvador’s New Bitcoin Law

While some Salvadorans situated near Playa El Zonte beach like the new bitcoin tender law implemented by Nayib Bukele’s regime, a number of other citizens dislike the law.

South Korea: KFIU's notice to 27 foreign crypto-exchanges fuels shutdown concerns

South Korean regulators are ramping up measures to protect its citizens from fraudulent activities carried on by foreign crypto-projects.

El Salvador Bitcoin Law Has Citizens Protesting

The quick adoption of an El Salvador law declaring Bitcoin as legal tender has been poorly received by the country's citizens.

European Commission Targets Crypto Wallets And Citizens' Privacy

The European Commission (EC) announced "an ambitious package" of legislative proposals that would decrease the privacy of the EU citizens if implemented. "Today's measures greatly enhance the existing EU framework by taking into account new and emerging challenges linked to technological innovation.

South African Central Bank Warns Citizens Against Accepting Tainted Banknotes

A week after more than 1,400 ATMs in South Africa were attacked during a looting spree, the country’s central bank is now asking citizens to reject banknotes that are stained with traces of blue and green ink.

El Salvador May Launch National Stablecoin: Reports

Investigative news outlet El Faro reported that El Salvaodor’s government was planning for its citizens to use a stablecoin—as well as Bitcoin.

UK's FCA Targets Young Crypto Investors, DeFi Hacks + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Investment news The UK Financial Conduct Authority (FCA) has created a GBP 11m (USD 15.3m) digital marketing campaign to warn its younger citizens about the risks associated with crypto investments, and that crypto

UK FCA will spend £11M to warn people about investing in crypto

UK financial regulators have announced an 11 million pound digital marketing war chest to warn people about the dangers of crypto investments. The United Kingdom’s Financial Conduct Authority (FCA) created an 11 million pound ($15.2 million) digital marketing campaign to warn citizens about the risks associated with crypto investments.Nikhil Rathi, chief executive of the FCA, made this known in a draft speech for the agency’s webinar titled “Our Role and Business Plan” delivered on Thursday.Detailing the FCA’s decision to create the campaign fund, Rathi stated that the UK regulator is concerned about the increasing adoption of crypto investment among the younger demographic.According to Rathi, “more people are seeing investment as entertainment” and that such irrational behavior may lead to significant losses on their part:“This is a category of consumer that we are not used to engaging with: 18 to 30-year-olds more likely to be drawn in by social media.

11% of UK Citizens Consider Buying Crypto Over the Next Year: Survey

Crypto adoption continues to increase in the UK as another survey revealed that 39% of adults in the country already own crypto and 11% consider buying within the coming months.

Bank of Jamaica issues new 'reminder' cautioning citizens about crypto use

Like most regulators around the world, the Bank of Jamaica [BOJ] has maintained a cautious approach when it comes to cryptocurrencies.

Former Bitmain CEO Jihan Wu: Regulatory crackdown may be good for crypto

Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as "a hub for crypto innovations." Jihan Wu, crypto billionaire and the co-founder and ex-CEO of Bitcoin (BTC) mining giant Bitmain, believes that the current wave of regulatory interventions in the crypto industry may be “a good thing in the long term.”Speaking to CNBC during the Asia Tech x Singapore conference this week, Wu noted that the sector had already grown almost to “a trillion dollar market cap industry,” with over 10% of United States citizens having some involvement with the new asset class.

China Opens Digital Yuan Whitelist for Ten Million Citizens

The Chinese government is taking its digital yuan test one step further.

Survey finds most El Salvador citizens are skeptical of making BTC legal tender

More than half of Salvadorans surveyed don’t seem as keen as their president to adopt Bitcoin. According to a newly released survey, up to three-quarters of Salvadorans are skeptical over President Nayib Bukele’s Bitcoin adoption plans.The survey, which polled 1,233 people across El Salvador between July 1 and 4, revealed that only 20% approved of the plan to make Bitcoin legal tenderThe survey, which has a margin of error of 2.8%, was conducted by researcher Disruptiva, which is affiliated with Francisco Gavidia University.

Crypto usage in Turkey increased elevenfold in a year, new survey shows

A new survey conducted in Turkey reveals how the perception of cryptocurrencies has evolved over the last year. Turkey’s crypto userbase has grown more than 11 times over the last year, a new survey from Turkish crypto exchange Paribu shows. The “Cryptocurrency Awareness and Perception Survey 2021” was conducted by Akademetre Research, revealing the perceptions and behaviors of Turkish citizens toward Bitcoin (BTC) and other cryptocurrencies.

Salvadorans will not be forced to use the government's Bitcoin wallet

The government’s new “Chivo” Bitcoin wallet will be interoperable and commission-free. The latest announcement from El Salvador's pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued “Chivo” Bitcoin wallet.In a tweet on June 29, El Salvador’s President Bukele stated he wanted to clear up any misinformation regarding the government’s wallet application following the passing of the country’s Bitcoin law on June 9, which will take effect on September 7.The new Bitcoin wallet is called Chivo, which is slang for “cool” in El Salvador, and it can hold both Bitcoin and US dollars.

Why Bitcoin Could Break $40K In “Short Order” Says Analyst

Currently sitting at nearly 35k, Bitcoin’s price this week has been effected good and bad, by both news from China cracking down on the coin, and that El Salvador is giving each of it’s citizens $30 of BTC.

El Salvador To Buy an Estimated $135,000,000 Worth of Bitcoin

The Central American nation of El Salvador is preparing to give away as much as $135 million worth of Bitcoin to its citizens.

El Salvador Is Giving $30 In Bitcoin To Its Citizens

Ahead of the September 7 bitcoin law implementation date, El Salvador President Nayib Bukele has unveiled a new government crypto app.

Between China, El Salvador and Paraguay: A Raging Week For Bitcoin

From China having at it once again, to El Salvador airdropping BTC to its citizens and Paraguay confirming Bitcoin regulations - this week was quite intensive in the cryptocurrency market.

El Salvador Citizens Eligible for Free Airdrop of $30 in Bitcoin

With Bitcoin becoming legal tender in El Salvador, citizens who sign up for state-sponsored crypto wallet Chivo will get a Bitcoin airdrop.

Citizens of El Salvador To Receive $30 in Bitcoin as the Law Will be Implemented In September

The citizens of El Salvador will receive $30 worth of BTC as the country prepares to implement the bitcoin law starting on September 7th.

El Salvador’s Opposition Party Files Lawsuit Against Bukele’s Bitcoin Bet

The deputy leader of the Farabundo Marti National Liberation Front, has joined forces with citizens opposing Bukele’s Bitcoin law.

Opposition poses constitutional challenge to El Salvador's Bitcoin law

A political party in El Salvador has filed a lawsuit alleging President Bukele’s new Bitcoin law could be unconstitutional and harmful to the country. El Salvador’s grand plans to promote Bitcoin adoption could be turned on their head if President Bukele’s Bitcoin law is proven to be unconstitutional in the country’s courts.A group of citizens joining forces with political party, Farabundo Martí National Liberation Front (FMLN), has filed a lawsuit claiming President Bukele’s Bitcoin adoption program is unconstitutional.FMLN legislator, Jaime Guevara, led the move along with citizens including plaintiff Óscar Artero, who characterize the country’s Bitcoin law as “lacking in legality, foundation, and did not consider the significance and harmful effects that such a law will cause to the country,” according to a rough translation from local media outlet El Mundo.Guevara stated the complaint will test the newly appointed magistrates of the Constitutional Chamber of the Supreme Court of Justice.The FMLN came third in February’s legislative election with nearly 7% of the vote, while Bukele’s New Ideas established a dominant lead with two-thirds of votes.

More UK Citizens Confident Investing in Crypto: FCA Survey

UK consumers report growing confidence in cryptocurrencies as more users see them as an investment rather than a gamble. 

Nigerian Central Bank Threatens Jail Time for Citizens Caught Defacing Naira Banknotes

Fighting to stop the value of the naira from dropping further, the Central Bank of Nigeria (CBN) faces yet another problem: abuse of naira banknotes.

The Netherlands should regulate crypto instead of banning it, says finance minister

Dutch finance minister Wopke Hoekstra is confident that supervision is more effective than banning crypto outright. A cryptocurrency ban is not the right solution for the Netherlands, the country’s finance minister reportedly said after a local official called for a total ban on crypto.The Netherlands should regulate the cryptocurrency market instead of prohibiting its citizens from using crypto entirely, Dutch minister of finance Wopke Hoekstra stated, according to a Friday report by local news agency NU.nl.The official still admitted to certain risks associated with the crypto market, reportedly saying that he understood the concerns raised by director Dutch Bureau for Economic Analysis, Pieter Hasekamp.

Spain Prepares for Tax Returns Season With Crypto Traders in Sight

Spain nears the final day for its citizens to file their tax statements, and this year cryptocurrency traders are in the sights of tax authorities.

Proposed New Law Would Allow Russians to Inherit Bitcoin and Co.

Senior Russian lawmakers are set to push ahead with the creation of a new law that would allow citizens to inherit bitcoin (BTC) and other cryptoassets, include it in their wills and divorce settlements – and allow creditors to access tokens in successful bankruptcy claims. Crypto currently has a decidedly grey legal status in Russia.

Lawmakers should treat crypto like gold or real estate: Indian tech magnate

Indian tech mogul, Nandan Nilekani, believes the country should be seeking to attract investment from the $1.7 trillion crypto asset industry. Indian technology mogul, Nandan Nilekani, has urged local lawmakers to allow citizens to speculate on crypto assets.The co-founder and chair of Infosys, an Indian multinational information technology firm, has urged regulators to embrace digital assets and get a handle on accommodating the technology.Speaking to the Financial Times, Nilekani warned that prohibitive regulations could result in significant missed opportunites for India, asserting that a more permissive approach would let the country to tap into the $1.7 trillion digital asset market and allow “crypto guys to put their wealth into India’s economy.However, Nilekani is not bullish on an unfettered crypto market for India, asserting cryptocurrencies are too volatile and energy-intensive to use as a means of payment.

Progressive Care Now Accepting Bitcoin Payments For COVID-19 Rapid Testing

US citizens can now pay for rapid COVID-19 testing using bitcoin, thanks to the personalized healthcare services and technology company, Progressive Care. 

Shanghai to Hand Out $3 Million in Digital Yuan Lottery

As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai.

South Korean Citizens Must Declare Large Offshore Crypto Accounts Next Year

Next year, South Korea’s National Tax Service will expand its foreign holdings reporting rules to include cryptocurrencies.

China's Hainan Province Cautions Citizens Against Illegal Crypto Trading

China's Hainan Province has banned illegal crypto offerings, upholding the country's early ban on digital currency-related activities.

Binance Extends Blockade of Zimbabwean Crypto Users to Include Non-Resident Traders

Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens.

European Union to Release Digital Wallet for Payments Next Year

The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information.

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens.

China Hands Out $6.2M for Digital Yuan Tests as Russia Says CBDC are the Future

China's authorities with came with a decision to hand out another sizeable amount of $6.2 million in digital currency to citizens of Beijing.

How Crypto Disrupted the Philanthropy Economy

Crypto’s wealthiest citizens have not only been giving generously to their preferred charities, but have been actively re-designing the business of giving.

Australian tax office: Report crypto profits or else

The ATO said it already knows who is invested in cryptocurrencies and expects cooperation. The Australian Tax Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), as it anticipates tax filings from a pool of 600,000 Aussies who it now believes to be invested in digital assets.The ATO’s assistant commissioner, Tim Loh, told news.com.au that people still made the mistake of treating crypto like a currency as opposed to an asset.

Hong Kongers use blockchain to save evidence of anti-authoritarian struggles

Hong Kong citizens are using a blockchain system to fight back against the government's attempts to erase and overwrite the history of recent years' anti-authoritarian struggles. Blockchain's potential to sustain a distributed, tamper-proof infrastructure for collective digital memory has taken on an unexpected political salience for citizens in Hong Kong. Soon after Hong Kong's public broadcaster Radio Television Hong Kong, or RTHK, revealed its intent to erase any archived content over one year old, residents hurried to save a trove of past news footage that had until now been freely available to the public.

Spanish Crypto Investors Set to Be Taxed on ‘Overseas’ Holdings

The Spanish parliament has voted in favor of a controversial new law that will require citizens to report overseas crypto holdings, as the government appears ready to take “more control” over the crypto sector. Per an official government release, the new law will oblige Spaniards “to report on holdings and operations with cryptocurrencies,” on tokens “both

Huobi, OKEx Limit Services for Chinese Customers Ahead of Gov Crackdown

Huboi has restricted Chinese citizens from crypto derivatives trading and some mining services, while OKEx will pause trading for its coin OKB in China.

China’s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst

China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens.

Mobile crypto ‘mining’ app possibly connected to personal data leak

A 17GB personal data leak reportedly sprung from the Pi Network mobile app. Pi Network, a cryptocurrency mining app for mobile users, may have been connected to 17GB worth of personal data leaks, a Vietnamese news outlet reported on Monday.The treasure trove of personal data was apparently taken from the Know Your Customer checks of users of Pi Network, according to the person who posted it to hacker hangout RaidForums on Thursday.The identity cards of an estimated 10,000 Vietnamese citizens were placed for sale, along with connected home addresses, phone numbers and email addresses.

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens.

South Koreans flock to crypto amid a heavy-handed regulation approach

With crypto demand skyrocketing in South Korea, the government is looking to regulate digital assets and the local market is feeling the pressure. In South Korea, one in three citizens either own cryptocurrencies or get paid in them.

Taxman Comes Calling at Kraken – IRS Gets Hands on Data from 2016-2020

A branch of the California District Court has granted the American tax collecting body, the Internal Revenue Service (IRS), permission to issue a John Doe summons on the crypto exchange giant Kraken – in a bid to discover the identities of United States residents and citizens who have conducted high-value crypto transactions in the past four years. The IRS is known to have been

Venezuelan Minimum Wage Reaches $3 as More Venezuelans Take Refuge in Cryptocurrencies

The president of Venezuela, Nicolas Maduro, approved a minimum wage raise increase last week that took it to three dollars monthly, a very low income for the citizens of the country that are facing a strong economic crisis since 2013.

‘MLM Crypto Exchange’ Victims ‘Mainly Pensioners and Housewives’

Source: Adobe/Coloures-Pic Police in South Korea are continuing their investigation into the crypto exchange V Global, with some reports claiming that up to 40,000 investors may potentially have been left out of pocket – most of whom have been described as “elderly citizens and housewives.” Police swooped on 22 locations this week, including the V Global head office in Seoul and the home of

South Koreans File Online Petitions Seeking to Remove a Chief Regulator After Harsh Crypto Comments

As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities.

Half of All US Voters Will Own Bitcoin by Year-End As BTC Spreads Like Wildfire, Says Michael Saylor

MicroStrategy CEO Michael Saylor believes that Bitcoin ownership among US citizens is about to skyrocket to new heights over the next eight months.

US State of Louisiana Releases Bill Commending Bitcoin and Satoshi Nakamoto

The state of Louisana has praised Bitcoin for its success through the years, outlining how BTC has become an important tool for citizens and businesses.

Bitcoin facilitates a global economy, says Tim Draper

“People are already realizing that they would rather have Bitcoin than fiat currency,” said Draper. Venture capitalist Tim Draper is continuing his bullish talk on Bitcoin in some investment tips for those new to the crypto space. Speaking at the Collision web summit on Thursday, Draper said Bitcoin (BTC) could incentivize governments around the world to compete for the attention and devotion — and seemingly, money — of its citizens.

Turkish Police Make 62 Arrests in Thodex Case Amid Criminal Complaints

Source: AdobeStock / Savvapanf Photo© Turkey’s police have arrested 62 persons as part of an investigation into the local crypto exchange Thodex, following thousands of criminal complaints filed by Turkish citizens who claimed they were scammed by the platform. Prosecutors have issued arrest warrants for 78 people involved in the exchange of which 62 had so far been detained across the

Bahamas Ranks First as The Country with Most Advanced Retail CBDC Development

The Bahamas narrowly beats Cambodia because its CBDC is available to all citizens.

Sri Lanka's central bank issues warning regarding cryptocurrency risks

The Central Bank of Sri Lanka (CBSL) has warned its citizens to be wary of crypto investments.

What Is China’s Digital Currency and Why Are Others Racing To Do the Same?

Countries across the globe are busy exploring digital currencies, but China is on the cusp of releasing a CBDC to its 1.4 billion citizens.

Japanese Regulator Warns Teens Who’ll Soon Be Able to Buy Crypto

The top financial regulator in Japan, the Financial Services Agency (FSA) has sent a warning of the possible risks involved with crypto investment for younger citizens after new legislation is set to effectively lower the crypto age of consent to 18. Back in 2018, the Japanese Diet voted in favor of a legal amendment to the country’s Civil Code that will officially

Singapore warns citizens against the use of unregulated crypto platforms

The cryptocurrency space has been gaining momentum over the past couple of years.

South Korea to Introduce Blockchain-Powered COVID-19 “Vaccine Passports”

In order to revive cross-border travel and keep infection risks under control, the South Korean government seeks to issue blockchain-backed COVID-19 “vaccine passports” to immunized citizens.

South Korea to launch blockchain-based vaccine passports

The Prime Minister of South Korea has announced a blockchain-based vaccine certificate will launch later this month, but the concept has proven controversial across the world. South Korea will introduce blockchain-powered vaccine passports via a smartphone app later this month, the country's prime minister said Thursday. South Korea is joining a number of other nations in introducing vaccine certificates that enable cross-border travel while mitigating the risk of infections. Prime Minister Chung Sye-kyun suggested there could be substantial benefits for citizens at home too: “The introduction of a vaccine passport or ‘Green Pass’ will only allow those who have been vaccinated to experience the recovery to their daily lives,” he said during a daily inter-agency pandemic response meeting. The government developed the app using blockchain technology as a way to provide security against the possibility of identity theft.

South Korea Crypto Scammers Targeting People in Their 50s & 60s

Source: Adobe/jon_chica “Crypto” fraudsters in South Korea are increasingly preying on citizens in their fifties and sixties, a new report has found, with crypto-flavored multi-level marketing (MLM) schemes now running wild. Per EDaily, the regulatory Financial Supervisory Service (FSS) says there was a rise of 41.6% in the number of instances of suspected crypto-themed fraud cases reported

Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks

Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet.

Chinese Citizens Can Now Apply To Banks for Digital Yuan Wallets

Six banks owned by the Chinese government are allowing Shanghai and Beijing citizens to apply for a digital yuan wallet.

Skrill to Enable US Citizens to Buy Bitcoin Following a Coinbase Partnership

By partnering with Coinbase, Paysafe's Skrill digital wallet will enable Americans in 37 states to buy and sell BTC, LTC, ETH, BCH, and more crypto assets.

Are emerging markets missing out on DeFi due to gas fees?

Developed economies dominate the traffic rankings for the top DeFi protocols by TVL, with the US and UK topping the charts. Despite grand visions of enabling farmers in Vietnam access to the world of global finance via Decentralized Finance, emerging markets could represent as little 10% of visitors engaging with the top DeFi DApps.  Proponents have long hoped crypto and DeFi would allow citizens around the world a means to circumvent the barriers created by economic underdevelopment, however the data suggest users from the world’s largest economies dominate the DeFi rankings by online traffic. A new report from The Defiant examines the top five geographical sources of traffic for the 10 largest DeFi platforms by Total Value Locked in February, with the data provided by web traffic aggregator SimilarWeb. The analysis finds that US traffic dominates eight of the 10 largest DApps by TVL, representing between roughly 10% and 27% of traffic on MakerDAO, Compound, Aave, SushiSwap, Uniswap, Synthetic, Bancor, and BadgerDAO respectively.

Nigerian Citizens Are Not Banned From Trading Bitcoin and Crypto, Says Central Bank

The Central Bank of Nigeria (CBN) has reportedly clarified that Nigerians can freely trade Bitcoin (BTC) and other cryptocurrencies.

Turks Turn to Exploring Bitcoin, Ethereum, And Tether as Lira Plummets

As Turkish lira (TRY) plummeted once again amidst massive economic uncertainty and opposing views over solutions, the country's citizens turned to Google to explore bitcoin (BTC) and other cryptoassets.

Charles Hoskinson: Cardano Can Help Millions of Africans Have Digital Identities

Cardano is working with several African governments to enable citizens to create digital identities linked to wallets or property by employing its blockchain, said Hoskinson.

Between 7%-10% of Americans Plan to Buy Bitcoin with their Stimulus Checks: Poll

Two polls determined that up to 10% of US citizens plan to use their $1,400 stimulus checks to buy bitcoin and other cryptocurrency assets.

Thai Central Bank Issues Stern Warning about Thai Baht Digital (THT) Stablecoin

The Bank of Thailand is warning citizens against using the illegal THT stablecoin.

Thailand’s central bank warns against ‘illegal’ THT stablecoin

The Baht-pegged stablecoin produced by Terra has come under fire from Thai bankers. The Bank of Thailand has issued a stern warning against a privately issued stablecoin pegged to the national currency, the Thai Baht. According to a Bangkok Post report on March 18, the central bank has told citizens that Thai Baht Digital (THT) has no legal assurances or protection and that users could be at risk of cyber theft or money laundering Citing a sixty-year-old law, the central bank's assistant governor of the legal group, Pruettipong Srimachand, stated that any activities involving the stablecoin are considered illegal: “The creation, issuance, usage or circulation of any material or token for money is a violation of Section 9 of the Currency Act 1958.” The stablecoin is issued on the Terra platform which has produced various other stablecoins including the TerraUSD, first issued in September 2020, and TerraKRW.

Latest Deutsche Bank Poll Leaves Bitcoin Prone to Hitting New Record High

Bitcoin expects to extend its prevailing bull run in the sessions ahead just as the US begins another vast spending program, including direct payments to its citizens who will receive up to $1,400 per person depending on their income and tax filing returns.

30% of UK Citizens Feel They Have Missed the Bitcoin Boat: Survey

Despite believing that the COVID-19 pandemic legitimized bitcoin, 30% of UK poll participants won't invest in it because they have "missed the boat."

Binance reportedly under CFTC investigation over US-based trading activity

The world's largest cryptocurrency exchange is reportedly being probed by the CFTC over concerns it facilitated crypto derivatives trading for US-based customers. Binance, the world’s largest cryptocurrency exchange by trade volume, is reportedly under investigation by the United States Commodity Futures Trading Commission regarding possible trades made by US-based customers. Binance Holdings Ltd is being investigated by the watchdog concerning possible derivatives trades made by American customers, Bloomberg reported on Friday, after being tipped off by an anonymous source. The exchange has not yet been accused of any wrongdoing, however, regulators are now reportedly seeking to determine whether cryptocurrency derivatives were bought and sold by US citizens on the Binance platform. A Binance spokesperson told Cointelegraph, “We do not comment, as a matter of policy, on communications with any regulators.

Thai Cinema Chain Accepts Bitcoin Amid Thailand Tourism Crypto Push

A movie theatre in Thailand has started accepting Bitcoin, while the Thai SEC moots blocking crypto for most citizens.

First $1,200 US Stimulus Checks Put in Cardano Worth $45,000 Today

If US citizens used the first $1,200 stimulus checks received in April 2020 to buy Cardano (ADA), they would have ended with nearly $45,000 less than a year later.

Biden’s $2 Trillion Relief Package the Largest Stimulus Payments to-Date, Plan Showers Money on the Bureaucracy

On Saturday, politicians in the US approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400.

IRS Answers Critical Question on Bitcoin and Crypto Tax Reporting for US Citizens

The Internal Revenue Service (IRS) is addressing critical questions related to the taxation of virtual currencies such as Bitcoin (BTC) in the US.

Bybit to Cease Services for UK Citizens Following the FCA Ban on Crypto Derivatives Trading

Singapore-headquartered digital asset exchange Bybit will suspend its services to UK citizens following the FCA ban on crypto derivatives trading. 

Crypto Exchange Bybit To End Trading for UK Customers

The exchange said it was complying with new regulations around crypto derivatives offered to UK citizens.

Americans Can Now Buy Dogecoin from 1,800 Crypto ATMs Across the Country

American citizens can purchase Dogecoin from 1,800 crypto ATMs in 46 states after CoinFlip added the meme token to its growing network.

DOGE is now supported at 1,800 ATMs in 45 US states

US citizens can now purchase Dogecoin from ATMs in 45 of the country’s 50 states. Famous meme crypto Dogecoin (DOGE) can now be accessed through 1,800 ATMs across the United States. Leading Bitcoin ATM provider Coinflip announced the support for Dogecoin on Mar.

Digital Yuan Scammers Gathering Momentum as Token Rollout Nears

Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as opportunistic fraudsters attempt to trick citizens out of their money with central bank digital currency (CBDC)-themed get-rich-quick schemes. The digital token is nearing issuance, with the latest pilot seeing thousands of citizens receive bona fide

Voting evolved: Blockchain tech outshines paper ballots and e-voting

The right kind of synergy between blockchain and biometrics will unleash the power of decentralized voting. Voting is a very important part of any democracy, as it gives its citizens the chance to participate in the democratic governance process.

First US Stimulus Check Now Worth Almost $9,000 if Invested in Bitcoin

If American citizens used their $1,200 stimulus checks to buy BTC in April 2020, they would have seen a return of over 620%.

American Political Leaders Playing High-stakes Bitcoin Pledge War

Andrew Yang. Source: a video screenshot, Youtube/Andrew Yang Politicians appear set to use bitcoin (BTC) and altcoins as tools to score points with crypto-keen voters and citizens in some of the USA’s biggest cities – as would-be New York mayor Andrew Yang and current Miami mayor Francis Suarez appear keen to outdo each other with far-reaching new promises and manifesto pledges that can also

Bitcoin is More Attractive Than Gold and ETFs to Americans: Survey

Comparing citizens of the US and Japan, a survey revealed that Americans are much more attracted to cryptocurrencies than to gold and ETFs.

Spanish Tax Body Will Force Citizens to Declare Overseas Crypto Holdings

The Spanish Tax Agency – known in the nation as the Hacienda – has announced its intentions to step up its monitoring of crypto, and will move to force citizens and residents alike to declare their bitcoin (BTC) and altcoin holdings, even if those are held on overseas-based platforms. Per El Economista, the Hacienda has recently outlined its plans for 2021, and

Google Searches for Bitcoin Are Skyrocketing in Argentina

Citizens of the Latin American country have faced an ongoing economic crisis for years.

eToro Halts XRP Trading For US Citizens Following The SEC Charges

Israeli multi-asset exchange eToro to halt XRP trading for customers based in the United States starting from January 24th.

Kraken Halts XRP Trading For US Users Following The SEC Charges

The list of cryptocurrency exchanges to halt XRP trading from its services for US citizens continues to grow with the addition of Kraken.

Europeans Warn ECB Not To Mess With Privacy in Digital Euro

Over 40% of Europeans who participated in a recent consultation want a digital euro to ensure privacy protection – a suggestion that EU citizens will not take kindly to a digital currency that involves Big Brother-like monitoring of their transactions by central bankers.

Indian Doctors Warn of Illegal Covid-19 Vaccine Sales for Bitcoin: Citizens Urged to Wait for Government Approved Vaccine

Indian doctors have warned that the sale of unauthorized Covid-19 vaccines on the black market, where vendors ask for bitcoin as payment, is illegal.

State-owned Chinese bank rolls out ATMs for digital yuan

The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan.

Traders flock into altcoins as Bitcoin price trades sideways

Altcoins are surging higher as Bitcoin price consolidates and the prospect of a $3 trillion economic stimulus package sparks confidence in crypto investors. The bullish momentum seen throughout the week has spilled over into the weekend as the majority of the top-100 tokens listed on CoinMarketCap are posting double-digit gains.  Bitcoin (BTC) entering a brief consolidation period and the possibility of a third round of stimulus checks for American citizens are two possible reasons for today’s bullish price action.

BRRR: Biden Readies a New $3T Stimulus Package

What a new package including more direct payouts to citizens plus big infrastructure spending mean for bitcoin and markets as a whole.

Novogratz predicts young people will buy Bitcoin with their stimulus checks

Mike Novogratz claims that many people bought Bitcoin after the last round of federal stimulus checks, and thinks they're likely to again. Amid a long battle over whether or not United States citizens will get their $2,000 stimulus checks to help them to weather the economic repercussions of the COVID-19 pandemic, Mike Novogratz has weighed in on what the news could mean for the stock and crypto markets. The CEO of Galaxy Digital spoke to CNBC Squawk Box amid the surreal image of a Wall Street apparently unfazed by the commotion in the Capitol yesterday.

FinCEN Plans to Force Americans to Report Offshore Crypto Holdings

A proposed amendment to the Bank Secrecy Act FBAR filing requirements would require US citizens to disclose overseas crypto holdings over $10,000.

US Citizens Would Have to Disclose Offshore Crypto Holdings of $10K+ Under FinCEN Proposal

The Financial Crimes Enforcement Network wants US persons who hold crypto in offshore accounts to report holdings over $10,000.