As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a […]
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Month: December 2022
Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.
SBF reportedly files new bail application in the Bahamas Supreme Court
Bahamas media reports that Sam Bankman-Fried lodged a new bid for bail just two days after a judge denied his previous application and called the […]
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert Wrapped BTC into BTC.
Finder.com sued by Australian regulator over its crypto yield product
ASIC claimed a crypto yield-bearing product from Finder’s registered exchange was unlicensed, the firm disagreed but refused to say if it would fight the suit.
Stellar partners with UNHCR to give Ukrainian refugees cash via USDC
One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects.
Dutch central bank says KuCoin is not licensed and ‘illegally offering services’
“This may increase the risk of customers becoming involved in money laundering or terrorist financing,” said De Nederlandsche Bank.
Researchers use zero-knowledge to address privacy, AML concerns in stablecoins
Organizations led by German fintech etonec designed a system that takes advantage of zk-SNARK to provide untraceable transactions within regulatory limits.
Crypto.com continues its worldwide registration push with Brazilian EMI license
The cryptocurrency exchange has offered a crypto/fiat Visa card in Brazil since last year and is expanding rapidly on international markets.
New York State issues guidance for banks seeking to engage in activities with crypto
The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup.