EU Tightens Noose Around Bitcoin Price To Protect Ethereum, Internal Document...
Bitcoin is the first mover, and for that reason alone, it will always be the king of cryptocurrencies. Every desperate attempt to kill the most sought-after crypto asset or claims of it being dead only seems to have made the crypto stronger and more resilient than ever. Every successful trader holds BTC. A beginner in […]
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Sunacrip, the Venezuelan cryptocurrency watchdog, has issued a new internal providence that defines the guidelines it will follow in dealing with reports of suspicious activity related to fintech platforms. The document describes that the use of unauthorized platforms might constitute a suspicious activity, which could ostensibly lead to penalties of $15,000 for its customers.
Sunacrip Publishes Internal Providence on Fintech Activities
Sunacrip, the Venezuelan cryptocurrency watchdog, is seeking to have better control of the movements that Venezuelans make using cryptocurrencies....
To curb tax evasion within the cryptocurrency sector, the Malaysian Inland Revenue Board (IRB) has initiated a special operation named “Ops Token.” This campaign, conducted with the assistance of the Royal Malaysia Police and CyberSecurity Malaysia, targeted several business entities across the Klang Valley suspected of underreporting their cryptocurrency transactions. Related Reading: Crypto Investors Rejoice: […]
According to an internal document obtained by Bitcoin Magazine, the Bitcoin Foundation is considering splitting into two separate organizations. Under this proposal, an entirely new entity would be created to fund core development (the Bitcoin Foundation's current focus), while a slimmed-down Foundation would continue as a promotional organization supported by its current membership. This pivot would return the Foundation to its original vision in a bid to ensure its survival. The internal document cites the many challenges that the Foundation has faced, including reputational damage,....
As financial service firms expand their use of the bitcoin block chain for trading and business activity, the Financial Crimes Enforcement Network (FinCEN) isn't missing a beat. FinCEN, an enforcement arm of the U. S. Department of Treasury, has ruled that companies using the bitcoin block chain to transfer precious metals are considered money transmitters and therefore subject to anti-money laundering restrictions. The ruling came in response to a letter from an unnamed company seeking clarification on this point. FinCEN posted the ruling on its website to serve as guidance to financial....
Ethereum Foundation President Aya Miyaguchi has laid out her view of the organization’s new mandate, framing the shift as a necessary reset after internal debates became increasingly strained and the Foundation faced pressure to be too many things at once. Her comments, posted on X after Vitalik Buterin shared his own view of the Foundation’s […]