The United Kingdom’s Financial Conduct Authority’s (FCA) new policy requires all cryptocurrency firms to submit financial crime reports. The FCA disclosed the new policy in a statement issued on its website. The regulator increased the number of firms required to submit an annual financial crime report known as “REP-CRIM” from 2,500 to …
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Cryptocurrency exchanges in India have decided to come together to address and provide solutions to the regulatory issues surrounding cryptocurrency in the country. Crypto Leaders To Meet With Finance Minister According to the Economic Times, Indian crypto exchanges are planning to jointly reach out to top decision-makers like the Finance Minister and the …
Continue ReadingIndian Crypto Exchanges Seek Ways To Address Regulatory Issues
Speculations are growing that the government may consider blocking internet protocol (IP) addresses of crypto-facing businesses and firms operating in the country. This step was originally taken against adult sites and Chinese apps like TikTok. Cryptocurrency exchanges are about to receive the same treatment as the government cracks down on crypto use. …
Continue ReadingReport: India Mulling Banning IP Addresses of Crypto Exchanges
A representative of the Governor of the Central Bank of Nigeria (CBN) Governor Godwin Emefiele, has come out to clarify the regulator’s stance on cryptocurrencies in the West African nation. The official said the banks were restricted from providing crypto services, not individuals. Crypto Trading Not Banned In Nigeria The representative named …
Continue ReadingNigeria’s Apex Bank Says Crypto Ban Will Protect Banking Sector
South Korea has reiterated its stance in curbing tax evasion in the country following reports that certain individuals were using cryptocurrencies to avoid paying taxes. No less than 2,400 individuals who hid assets in these virtual currencies in a bid to avoid taxation have been identified by the National Tax Service of …
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Cryptocurrency users in India are getting ready for a rude awakening as the country sets the stage to ban cryptocurrencies. This is according to an anonymous government official, Reuters reports. India Criminalizing Cryptocurrencies The official said the government plans to pass a bill that would criminalize cryptocurrency by making it illegal for …
Continue ReadingWoes For Traders As India Still Considers Blanket Crypto Ban
Following reports that the Indian government is moving towards an outright ban of private crypto ownership in the country, the Internet and Mobile Association of India (IAMAI) has asked the government to reconsider its proposed legislation. IAMAI Calls For ‘Robust’ Crypto Regulation The IAMAI comprises all internet service providers in the Asian …
Continue ReadingIndian Internet Stakeholders Ask Government To Reconsider Crypto Ban
