A US Federal Judge has ruled that a fraud related to Initial Coin Offerings (ICO) falls under the securities law. The case was filed against Maksim Zaslavskiy who is a resident of Brooklyn, New York for allegedly conducting fraudulent ICOs. The investors […]
Saudi Arabian Monetary Authority (SAMA) released a statement on Sunday warning that cryptocurrency trading is illegal in the country. In the statement released by SAMA: “Virtual currency including, for example, but not limited to, the Bitcoins are illegal in the kingdom […]
South Korean financial officials have finalized the draft categorizing cryptocurrency exchanges in a new industry called “Crypto assets Exchange and Brokerage”. The new draft also states that Blockchains such as Ethereum will be classified as “Blockchain based software supply and […]
The Director of SEC’s division of corporate finance William Hinman said in a speech on Thursday that Ether is NOT a security and hence it will not be regulated by the SEC. At a recent speech at Yahoo All Markets […]
The French Council of State has changed the capital gains tax on Cryptocurrency sales. It has been reduced from 45% to 19%. According to Le Monde, citizens had appealed to the body to reduce the taxes. It had been enforced […]
WikiLeaks has called out for a global boycott of Coinbase, calling them an unfit member of the crypto community. This comes after an announcement by WikiLeaks Shop on Twitter saying that they have been blocked by Coinbase without any explanation. […]
On April 17th, exchanges in South Korea announced self regulatory policies. 14 exchanges had come together to form the group Korean Blockchain Association. This was done to increase transparency and ward off money laundering and insider trading. Some of the […]
All Australian cryptocurrency exchanges have to abide by the new rules to meet the Anti-money laundering and counter-terrorism financing (AML/CFT) obligations effective from April 3rd. This information was announced on the website of the Australian Transaction Reports and Analysis Centre(AUSTRAC) which […]
The capital of South Korea, Seoul is developing its own cryptocurrency called the S-coin. which will be used in the city-funded social benefits programs. CoinDesk Korea reports that Park Won-soon, the mayor of Seoul announced the plan to create a […]
According to reports from South Korean local news network FNN, The Ministry of Strategy and Finance is planning to prepare a virtual money taxation plan by the end of June. The announcement came after the meeting of the G20 that […]
