The Norwegian Financial Supervisory Authority Sees A Pressing Need For Crypto Investment Protection
According to Norway’s Financial Supervisory Authority, it solely monitors cryptocurrency enterprises for money laundering. A Norwegian financial regulator warned investors that the cryptocurrency business is mostly uncontrolled in the country, as Bitcoin (BTC) fell to six-month lows around $30,000 on Tuesday. The Norwegian Financial Supervisory Authority, or Finanstilsynet, issued a statement on crypto investor consumer […]
Biden’s Treasury Dept Nominee To Make Crypto Regulation Top Priority
“If I am confirmed, I will prioritize implementing that piece of legislation, including new regulations around cryptocurrency,” said Biden’s Nominee, Brian Nelson. Brian Nelson , President Joe Biden’s nominee for undersecretary of the Treasury’s division on terrorism and financial crimes, stated that he would prioritize the implementation of new cryptocurrency rules. Nelson said if he […]
Iran Bans Crypto Mining, seizes 7k Rigs
In the last 48 hours, officials stormed 50 places across Iran’s capital, uncovering 3,000 unlawfully operating crypto miners, according to Tehran’s police head. Iranian provincial police have announced that they have seized more than 7,000 crypto mining machines at a farm in Tehran, extending their assault on large and small crypto miners. Police confiscated crypto […]
Bitcoin Falls Below $30K, Hitting A Six-month Low: Keep An Eye On The Following Price Support Levels
As Binance customers report technical difficulties, Bitcoin quickly breaks through the $30,000 support level. On Tuesday, Bitcoin (BTC) went below $30,000 for the first time, as the largest cryptocurrency fell below a significant “line in the sand.” Bitcoin’s price has risen from its low in May BTC/USD smashed through $30,000 support, losing 6% in an […]
India’s Equalization 2% Levy Could Be Imposed On Crypto From Offshore Exchanges
Current Indian laws may impose a 2% tax on the purchase of cryptocurrencies from overseas exchanges that serve the Indian market. According to local sources, the Indian government’s 2% “offset tax” can be extended to crypto assets purchased on offshore exchanges. As reported by the Economic Times on June 22, analysts inferred that existing laws […]