High Court of Sindh orders Pakistan’s government to regulate crypto in three months
The government has been urged by the High Court of Sindh (SHC), Pakistan’s highest judicial authority, to come up with procedures for cryptocurrency regulation and also a report on deliberations surrounding the process. The SHC handed the instruction while hearing a case challenging the validity of Pakistan’s 2018 crypto prohibition, according to Pakistani English daily […]
El Salvador’s government to be investigated over Bitcoin purchases and crypto ATMs
Following a complaint about its Bitcoin purchases, El Salvador’s Court of Accounts will investigate President Nayib Bukele’s government. According to Reuters, El Salvador’s Court of Accounts will investigate a complaint about the government’s purchase of Bitcoin as well as the government’s process for building crypto ATMs. According to Reuters, the Court of Accounts, which oversees […]
Survey shows Europeans prefer the government create and control crypto
According to a large-scale poll conducted across 12 European Union member states and 31,000 respondents, the majority of Europeans prefer that local governments create and control cryptocurrencies. For Euronews, Redfield & Wilton Strategies polled 31,000 people in Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Portugal, and Spain. In light of the […]
Israeli government proposes a law to track crypto accounts worth over $61K
The Israeli government is stepping up efforts to prevent tax fraud and money laundering in its economy. A new regulatory duty to place cryptocurrency users under tighter inspection is one of the measures described in a new draft bill presented by the Ministry of Finance this week. The proposed rule would require cryptocurrency users who […]
Blockchain Australia suggests the government should provide a crypto safe harbour
Blockchain Australia, a key trade group representing the local cryptocurrency industry, has officially presented the federal government with its crypto regulatory suggestions. Last Friday, the group submitted a submission to the Senate Select Committee on Australia as a Technology and Financial Centre, urging the government to create a safe harbour for local crypto service providers. […]