Treasury Seeks Expanded Sanctions Powers in Digital Space
The Biden administration is urging Congress to consider the biggest revisions to the Treasury’s sanctions authority since 2001. With this action, the usage of digital assets for financial transactions in areas affected by terrorism will be more strictly regulated. Wally Adeyemo, the U.S trade representative, reportedly stated that the implementation of a “secondary sanctions regime” […]
Bioniq Launches Bitcoin Ordinals Marketplace on Internet Computer
As a new Bitcoin ordinary marketplace, Bioniq takes a unique approach by running on the Internet computer (ICP) blockchain. The launch of Bioniq, a marketplace for Bitcoin Ordinals, is a significant step forward in the changing cryptocurrency scene. Unlike other companies, Bioniq runs on the Internet Computer (ICP) blockchain, a platform created by Dfinity, instead […]
US Imposes Sanctions on Cryptocurrency Mixer Sinbad
The U.S. Treasury Department has sanctioned the cryptocurrency mixing service Sinbad.io (Sinbad) for its role in enabling money laundering by North Korean state-sponsored hacking groups. The Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury has imposed sanctions on Sinbad, a cryptocurrency mixing service purportedly used by criminals, such as North Korea’s […]
UK Crypto Users Face New HMRC Tax Penalties
UK HMRC targets crypto users for tax compliance, and they must declare and pay within tight deadlines. Her Majesty’s Revenue and Customs (HMRC), the UK tax authorities, has taken a big step by issuing a stern instructions to cryptocurrency users. This announcement, which focuses on filing and paying taxes on digital assets within a specified […]
SEC Adopts New Regulation to Protect Asset-Backed Securities Investors
SEC Rule 192 improves market fairness and strengthens public confidence in the financial sector by protecting ABS investors from transactions that could be conflicted. A strict rule aimed at removing conflicts of interest in the selling of asset-backed securities (ABS) has been introduced by the Securities and Exchange Commission (SEC). The implementation of Rule 192 […]