Belgian Regulators Introduce New Crypto Ad Rules
Belgian regulator, Financial Services and Markets Authority has announced new laws requiring accurate crypto ads and warning investors of the risks involved. As a result of a study accusing cryptocurrency investors of participating in get-rich-quick schemes, the Financial Services and Market Authority (FSMA) will demand notification on all key commercial crypto campaigns. Participants must abide […]
India enforces anti-money laundering laws on crypto transactions
The government of India has taken yet another step toward regulating digital assets by imposing money laundering rules on the crypto industry. While needing Anti-Money Laundering (AML) requirements for cryptocurrency is nothing new, it is only now that the Indian government has chosen to inform all interested parties of the requirement to abide by the […]
Binance reportedly wishes to pay fines to settle US investigations
Binance cryptocurrency exchange expects it will be able to finally settle the ongoing issues of regulatory investigations of the cryptocurrency industry in the U.S. by paying fines. Chief Strategy Officer Patrick Hillmann claims that the majority of the software engineers who contributed to the growth of the exchange were not aware of the laws and […]
HIVE blockchain announces late filing of interim financial statement
HIVE Blockchain intends to postpone publishing its financial statement due to unforeseen tax notices issued to one of its European subsidiaries. On February 14, 2023, HIVE Blockchain was required to file its 2022 interim financial results. But on February 15, it disclosed that one of its subsidiaries had received a tax notice that needed to […]
Brazilian Bank Now Allows Citizens To Pay Taxes With Crypto
A major Brazilian bank is providing taxpayers with a fresh and practical way to pay their taxes using digital currency. Brazilian taxpayers can now pay their tax bill using cryptocurrency thanks to a collaborative endeavor with Brazilian crypto company Bitfy, according to a statement released by Brazilian bank Banco do Brasil on February 11. Brazilians […]