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Biden Administration Unveils Plan to Focus on ‘Prosecutions of Criminal Misuses of Cryptocurrency’

The Biden-Harris administration has unveiled its strategy on “countering corruption.” It includes utilizing the government’s newly established task force, the National Cryptocurrency Enforcement Team, to focus on “complex investigations and…

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Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets

"We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand," said Representative Patrick McHenry.

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India to Impose Ban on Crypto Payments, Deadline for Declaring Crypto Assets, KYC Rules: Report

The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Violators may be arrested without a…

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Another Unnamed Investor Offers to Bail Out Collapsed South Africa Crypto Firm

A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt…

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CIA director says agency currently has ‘a number of different projects’ focused on crypto

William Burns said that building knowledge on crypto was “an important priority” for the CIA, and he planned to devote “resources and attention” to it.

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Alexandria Ocasio-Cortez says US lawmakers shouldn’t hold crypto to ‘remain impartial’

"I want to do my job as ethically and impartially as I can," said AOC, who added that as a member of the House of Representatives’ Financial Services Committee she…

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Report: Mirror Trading International Said to Be Owed Over $129 Million by Previously Unaccounted for Debtors

Mirror Trading International, the now-defunct fraudulent bitcoin investment platform, is said to be owed more than $129 million by debtors that had not been declared previously. Unaccounted for Debtors Liquidators…

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Gibraltar’s government plans to bridge the gap between public and private sectors with blockchain

Officials have already started digitizing government services on the smart contract network RSK, but plan to step up work on the integration in early 2022.

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Bancolombia to Offer Crypto Trading in Financial Regulator’s Pilot Program

Bancolombia, Colombia’s largest bank, will be offering cryptocurrency trading to customers in a pilot program within a regulatory framework established by the country’s financial regulator, the Superintendencia Financiera de Colombia…

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Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies

Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in…

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