Auto Added by WPeMatico

Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims

Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements…

Continue ReadingIndonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims

Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

Bank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity. Bank of England Governor Andrew…

Continue ReadingBank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory…

Continue ReadingRussian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

US Treasury Sanctions 2nd Cryptocurrency Exchange, DOJ Seizes $6.1 Million

The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were…

Continue ReadingUS Treasury Sanctions 2nd Cryptocurrency Exchange, DOJ Seizes $6.1 Million

India Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: Report

The Indian government is reportedly trying to “fast track” a modified cryptocurrency bill to be introduced in the winter session of parliament. India’s crypto legislation is expected to take a…

Continue ReadingIndia Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: Report