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Russia’s Digital Currency Measures Fail to Satisfy FATF, Blacklist Possible

[Oct 17 8:30 AM] Russia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF)…

DOJ Charges 21-Year-Old in $37M Cyber Intrusion and Crypto Heist

[Oct 4 2:30 AM] A 21-year-old from Indiana has pleaded guilty to cyber intrusion and cryptocurrency theft in a massive scheme targeting hundreds of victims. His actions involved stealing personal data and cryptocurrency worth over $37 million, with law enforcement…

China Urged to Establish Unified Crypto Regulations for Seized Digital Assets

[Sep 5 1:30 AM] A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack…

Japan’s Financial Services Agency Includes Crypto in 2025 Tax Proposal

[Sep 4 7:30 AM] The Financial Services Agency has released its tax reform requests for fiscal year 2025, highlighting the need to consider the tax treatment of virtual currency transactions as financial assets. This marks the first time virtual currencies are…

Report: Taiwan Police Arrest Crypto Exchange Bosses Accused of Fraud

[Jan 7 2:30 AM] The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $7 million in both…

New Jersey bill would make crypto sold to institutional investors a security

[Dec 5, 2023 1:20 PM] The bill complements one already on the governor’s desk that regulates digital assets owned by individuals.

Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai

[Oct 31, 2023 4:12 AM] The Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement.

Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban

[Jul 20, 2023 3:30 PM] In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized…

Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

[Apr 19, 2023 1:30 PM] In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this…

Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply

[Mar 21, 2023 12:00 PM] The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the…

Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry

[Mar 21, 2023 5:30 AM] Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways…

Snow Crash manuscript that coined the term ‘Metaverse’ to be auctioned by Sotheby's

[Feb 23, 2023 2:45 PM] The manuscript is part of a larger series of physical and digital items related to the famous book.

Hong Kong securities regulator adds crypto personnel for industry supervision

[Feb 6, 2023 7:30 AM] Regulators in Hong Kong plan for the addition of personnel to “better supervise” the activities of local virtual asset providers.

Bank of Thailand to allow first virtual banks by 2025

[Jan 15, 2023 2:32 PM] By allowing virtual banks, Thailand seeks to boost competition and economic growth.

Hong Kong to subject crypto exchanges to the same laws governing TradFi

[Dec 8, 2022 3:38 AM] The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.

The metaverse is a new frontier for earning passive income

[Nov 28, 2022 8:34 AM] Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear.