Indian Central Bank Playing by Same Anti-Crypto, Pro-CBDC Rules as China, EU

The head of the Reserve Bank of India (RBI), the subcontinent’s central bank, has again indicated that the government might seek to enact a crypto crackdown – while attempting to gazump the crypto sector by releasing a digital rupee. In an interview with CNBC-TV18, RBI Governor Shaktikanta Das appeared to take the same kind of tack that central banks

S Korean Province Vows ‘Intense’ Clampdown on Crypto-themed MLM Fraud

The government of Gyeonggi Province, the most populous province in South Korea and a hub of IT companies, has announced it will make an “intense” crackdown on crypto-flavored multi-level marketing schemes (MLMs) and bogus initial coin offerings (ICOs). Per Asia Kyungjae, the province’s police forces are now gunning for a wide range of villains, many of which are

India’s Crypto Community Fights Back As Ban Bill Turns Into Tiresome Soap Opera

Crypto enthusiasts in India have run out of patience with unsourced reports of the government’s alleged forthcoming crypto crackdown – and have challenged New Dehli to come clean with its intentions. On Twitter, Indian crypto community members say that they are tired of the government allegedly leaking info to reporters about crypto “bans” – and want a

South Africa's SARS accelerates crackdown on non-compliant Bitcoin traders

South Africa is the latest country to come down on cryptocurrency investors, with the South African Revenue Service (SARS) sending audit requests to taxpayers, requesting them to disclose cryptocurren The post South Africa's SARS accelerates crackdown on non-compliant Bitcoin traders appeared first on AMBCrypto.

At Least One Key Huobi Executive Is In Custody in China: Sources

The Chinese police appear to have intensified their crackdown on crypto exchanges’ OTC trading services in the last year.

How to regulate exchanges: Learn crypto from Biden's SEC chair pick, part 2/3

The SEC's incoming chair predicted the crackdown on crypto exchanges over AML concerns back in 2018.

45,000 Bitcoin Mining Rigs Confiscated by Iranian Authorities Amid Blackout Controversy

Iran's crackdown on illegal bitcoin mining facilities continues with another massive seizure of 45,000 machines that reportedly used 95 MWh.

Big Tech’s Freedom of Speech Purge Pushes People to Censorship-Resistant Blockchain Social Media

During the last few days, the world has watched the Big Tech and social media crackdown after the incident that took place at Capitol Hill a few days ago.

XRP Crashes as Coinbase to Suspend Trading In January

The fourth-largest cryptoasset, XRP, crashed to September lows after US-based major exchange Coinbase said it will suspend trading in this coin in January due to a recent regulatory crackdown on XRP-affiliated Ripple. At the time of writing (04:03 UTC), XRP trades at USD 0.2248 and is down by almost 21% in a day and 53% in a week.

BTC Drops Below USD 23K as Investors Watch Elon Musk, New Stimulus, and Crackdown

Elon Musk. Source: A video screenshot, Youtube, Bloomberg. A Twitter exchange between two of the United States’ prominent businesspeople has possibly added fuel to the bitcoin (BTC) rally this weekend, while the US announced a new coronavirus stimulus package and a regulatory crackdown.

SEC Enforcement Director to Step Down by End of Year

Enforcement Director Stephanie Avakian led SEC investigations during the heart of its ICO crackdown.

Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders

Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes.

Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

The platform will close all its over-the-counter (OTC) trading services because of the risks related to uncertainties from China’s regulatory policies/

China's Yunnan province officials crackdown on Bitcoin miners

China has been tightening its grip around crypto and crypto businesses.

BitMEX's 100x Group Finds Replacement For Arthur Hayes In Europe

Following a recent regulatory crackdown on the founders of major crypto exchange BitMEX, 100x Group, the holding group for HDR Global Trading Limited, owner of BitMEX, announced its new CEO.

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

China’s crypto journalist Colin Wu believes that Chinese police have sold cryptocurrencies seized from the $4.2 billion PlusToken Ponzi crackdown.

Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam

Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China.

Binance Ramps Up Crackdown on US Users, Giving Them 14 Days to Withdraw Funds

Binance is giving US users 14 days to withdraw funds before their accounts are shuttered.

Crypto Exchange OKEx Is Giving Customers up to $1,000

The exchange is rewarding loyal users after a police crackdown caused it to pause withdrawals for over a month.

First Mover: What China Crackdown Means for $18K Bitcoin as Dimon Passes on ‘Tea’

Fewer new bitcoin may be hitting the market because miners in China can't sell their bitcoins due to a crackdown by their government.

OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away

Bitcoiners on social media have panned remarks by acting US currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power.

Crypto lobby defends self-hosted wallets and P2P from rumored gov't crackdown

As everyone waits on new KYC and AML regulators, many speak out to keep unhosted wallets free of controls.

Bitcoin’s Rally Could Be Caused by a Supply Crunch in China

Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.

Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

Crackdown on money laundering and fraud in the Chinese crypto space has seen cryptocurrency miners pay the price, as cards linked to crypto have been frozen.

China’s bitcoin miners struggle to pay bills due to govt crackdown

A self-claimed Chinese cryptocurrency reporter, Colin Wu, who has an exclusive focus on the crypto mining industry, regulation and exchanges in China, took to twitter today to share that Bitcoin miner The post China’s bitcoin miners struggle to pay bills due to govt crackdown appeared first on AMBCrypto.

Court Filing Accuses Bitmex Cofounders of ‘Looting’ $440 Million Before the Fed Crackdown

A civil lawsuit has been filed against the firm HDR Global Trading Limited, the parent company of the exchange Bitmex, alongside the three cofounders Arthur Hayes, Ben Delo, and Samuel Reed.

Blockchain Bites: China’s Tether Crackdown, CME’s Bustling Bitcoin Markets, Kin’s ‘Active Development’

ALSO: PayPal is said to be in talks to purchase cryptocurrency firms including BitGo.

Kraken Relaunches Crypto Trading in Japan After Two-Year Break

The exchange had shuttered its Japanese services after Coincheck's $530 million hack in 2018 spooked regulators and prompted a crackdown.

First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown

FinCEN charged a Bitcoin-mixing operator with a $60 million civil money penalty for violating anti-money laundering regulations.

FinCEN Fines Bitcoin-Mixing CEO $60M in Landmark Crackdown on Helix, Coin Ninja

Larry Dean Harmon ran the first bitcoin mixing services targeted with criminal allegations by US authorities.

This Is How BitMEX Juggled Private Keys Amid Crackdown

Major crypto derivatives exchange BitMEX avoided solvency problems and managed to process all of its users’ withdrawals on time to remain solvent and in operation after a recent crackdown by the United States legal system.

Regulation is coming to DeFi, but can it be enforced?

Is regulation plausible in a completely decentralized environment? Blockchain analytics company Coinfirm recently unveiled a new anti-money laundering tool for the decentralized finance, or DeFi, niche of the crypto space — a sector facing regulatory crackdown on the horizon, according to Jakub Fijolek, Coinfirm's chief technology officer.  "DeFi might soon have some regulatory issues," Fijolek told Cointelegraph in an interview.

BitMEX Case Might Prompt a Closer Regulatory Look into DeFi

The latest crackdown on the world’s first crypto derivatives exchange, BitMEX, might turn the regulatory eye towards the decentralized finance (DeFi) space, said financial services platform BitOoda. "In our view, we will not be surprised if/when regulators take a closer look at DeFi platforms and participants, as they recognize the potential for these networks to be

Blockchain Bites: FCA’s Crypto Crackdown, McAfee’s Charges, Ethereum’s Store of Value

John McAfee was charged with promoting ICOs without disclosing his payments while the UK's FCA has banned certain crypto derivatives.

US-Regulated Bitcoin Derivatives Market Bitnomial Raises $11.6M

The disclosure comes shortly after US regulators' crackdown on retail competitor BitMEX.

Uniswap’s UNI Token Plunges as Investors Fear a Regulatory Crackdown

Uniswap’s UNI token has taken a hit over the past few days.

Price analysis 10/2: BTC, ETH, XRP, BCH, BNB, DOT, LINK, CRO, BSV, LTC

The bulls are buying the dips in Bitcoin and a few altcoins, suggesting that investor sentiment remains positive. The shallow pullback in Bitcoin (BTC) following the news of the CFTC’s regulatory crackdown on BitMEX and the late announcement that US President Donald Trump tested positive for coronavirus shows that the underlying sentiment is still bullish. Generally, most damage during such periods of negative news flow is caused by the squaring up of leveraged positions.

BitMEX Crackdown Will Fuel DeFi, Industry Insiders Say

A recent crackdown by US regulators on the crypto derivatives exchange BitMEX has shown once and for all that decentralization is the way to move forward for those offering crypto-related services, several industry insiders argue. According to the decentralized finance (DeFi)-focused newsletter The Defiant, the charges brought against BitMEX by the US Commodity Futures

Bitcoin OTC Crackdown, Wrapped ETH on Tron, XRP Ledger Foundation + 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. Regulation news China is clamping down on over-the-counter (OTC) crypto trading over money-laundering suspicions, per ChainDD.

From dream to nightmare: Belarus crackdown has tech firms restless

Will the political turmoil in Belarus put an end to the development of digital technologies and the financial freedom of its citizens? A political crisis, mass detention of peaceful citizens and internet blocking in Belarus are hitting the country’s IT sector hard.

Bitcoin Stalls, Ethereum 2.0 Outage, IRS Crypto Crackdown: Hodler’s Digest, Aug. 18–24

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week.

UK Crackdown Pulls Thousands of Crypto Scams Offline

The NCSC has gone scorched earth on crypto scams. Over the past four months, the National Cyber Security Centre, or NCSC, removed over 300,000 URLs pertaining to fake celebrity-endorsed investment opportunities.

Hong Kong’s rich relocating gold after China crackdown

Gold’s physical nature proves to be a hassle as owners seek alternative destinations for their holdings following new security law.

Chinese Arbitration Body Says Crypto Crackdown ‘Isn’t a Bitcoin Ban’

Beijing’s local arbiter has attempted to clarify the government’s stance on bitcoin (BTC) – and stated that the world’s most notorious crypto ban is not exactly a “ban” per se. In an unprecedented move from a Chinese legal body, the Beijing Arbitration Commission (BJAC) – one of nine local legal bodies established to police courts nationwide in 1995 –

Malaysia Crackdown Unlikely to Affect Binance, eToro

Malaysia’s financial watchdog has said Binance and eToro don’t comply with the country’s securities law; it’s unlikely to make much of a difference to their local operations, however.

The SEC killed ICOs. DeFi could be next

The SEC and the CFTC’s joint attack on Abra may signal that a crackdown on DeFi is about to hit the multi-billion dollar industry, according to industry insiders.

Signal downloads surge in Hong Kong amid free speech crackdown

The private messaging app tops the charts after a Chinese law stifling free speech and protest takes effect.

Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law Enforcement

An international law enforcement team has brought down an encrypted phone network with 60,000 users worldwide.

China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown

Chinese police are stepping up efforts in cracking down on illegal economic activities, which now leads to crypto over-the-counter (OTC) traders being detained to assist investigations.