Crypto is not protected by law – China’s provincial high court
A high court in Shandong province has declined to protect a plaintiff’s claim of $10,000 that was lost to crypto scam, stating that crypto is not protected by the Chinese law hence the denial. The cryptocurrency community in China has been dealt yet another setback, with news of a new high court judgement in Shandong […]
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 […]
Spain approves new overseas crypto declaration law
Spaniards have been required to reveal their foreign crypto assets in order to combat crypto-related fraud, this was made known in a contentious new law approved by the Spanish parliament. According to the Ministry of Finance, the law bringing crypto into the much-maligned Modelo 720 system has passed the final barrier and obtained approval from […]