Auto Added by WPeMatico

US Unveils Bill Giving Treasury Secretary ‘Unchecked and Unilateral Power’ to Ban Crypto Transactions, Advocate Warns

A new bill introduced in the U.S. has a provision that “would essentially give the Treasury Secretary unchecked and unilateral power” to ban cryptocurrency transactions, warned crypto advocacy organization Coin…

Continue ReadingUS Unveils Bill Giving Treasury Secretary ‘Unchecked and Unilateral Power’ to Ban Crypto Transactions, Advocate Warns

Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela

Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, superintendent of Sunacrip,…

Continue ReadingSunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela

US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors

A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man…

Continue ReadingUS Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors

Crypto policy advocacy group warns of ‘disastrous’ provision in a new US bill

According to Coin Center director, the proposed bill would essentially bypass existing checks and balances on the Treasury Secretary’s authority in surveilling financial institutions, including crypto firms.

Continue ReadingCrypto policy advocacy group warns of ‘disastrous’ provision in a new US bill

Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report

Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued…

Continue ReadingMark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report

Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment

Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The…

Continue ReadingThailand Announces Cryptocurrency Will Be Regulated as Means of Payment

Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban

Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on…

Continue ReadingBelarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban

Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading

Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always beware of fraudulent Ponzi schemes…

Continue ReadingIndonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading