As the casino industry strives to recover from the impacts of the pandemic closures and lockdowns, new information points out the incorporation of blockchain, crypto and NFT technologies as pivotal for the sector’s survival. A new industry trend information on the future of the casino and their demand for digital …
Read More »US COURTS TARGETING ILLEGAL EXCHANGES IN CRYPTO
Cryptocurrencies have long been believed to be the Wild West of remittances, online payments or Money transfer firms have not been as outspoken in their demand for illegal funds as the one featured in a recent report. Experts in the crypto law sector states that the company’s headquarter is located …
Read More »$34M In Crypto Allegedly Linked To Illegal Dark Web Activity Seized By US Authorities.
Federal prosecutors in Miami described it as “one of the largest cryptocurrency forfeiture actions ever filed by the United States.” as $34 million worth of cryptocurrency was seized. Prosecutors in Miami have seized millions in crypto as part of efforts to crack down on drugs and financial crimes. The U.S …
Read More »EU set to Clamp Down on Anonymous Crypto Operations
The conduction of anonymous crypto transactions is set to be illegal in all parts of Europe, following a full clamp down on the industry by the European Union. Politicians and lawmakers in Brussels are said to have voted massively in favor of a crackdown on non-hosted or unverified wallets. Basically, …
Read More »Top Crypto Stories Of The Week
Hello and welcome to our weekly recap covering the top crypto stories from last week. Russia Wants To Legalize Crypto Mining ‘as soon as possible’ Russia’s Deputy Minister of Energy Evgeny Grabchak is calling for the legal restrictions on the country’s crypto industry to be lifted following the recent moves …
Read More »Malaysian Ministry of Comms Proposes Adopting Crypto as Legal Tender
The deputy minister of Malaysia’s Ministry of Communications and Multimedia, Datuk Zahidi Zainul Abidin, said in the Parliament on Monday that the country should consider regulating cryptocurrencies as legal tender. Abidin suggested that the country should adopt cryptocurrencies as legal tender to help younger generations – who he described as …
Read More »Five Crypto stories that caught our attention last week
CryptoRelief refunds $100M SHIB donation to Vitalik Buterin India’s COVID-19 aid fund, CryptoRelief, has announced plans to return $100 million worth of USDC from the SHIB donation funds to Vitalik Buterin. Buterin, the co-founder of Ethereum and a strong global crypto figure, donated 50 trillion SHIB tokens given to him …
Read More »India inaugurates Fintech Dept. within its Central Bank to curb Crypto and CBDC threats
India has created a division within its Central Bank ranks assigned to tackle the country’s fintech challenges. This department will be tasked with structuring crypto regulations and developing a central bank digital currency (CBDC). Currently, the Reserve Bank of India (RBI) has begun the process of launching its CBDC. The …
Read More »WazirX CEO reports impending Crypto Crackdown in India
WaziriX exchange CEO Nischal Shetty has hinted that the Indian government might clamp down on the domestic crypto industry. Shetty, citing “unconfirmed,” shared a couple of intriguing claims via Twitter. In his Tweet, Nischal Shetty says “Self Custodial Wallets” may be outlawed. 1. ‘Self custodial wallets’ may not be allowed …
Read More »India likely to choose crypto regulation over an outright ban
In contrast to its well-documented stance to outrightly ban cryptocurrency, the Indian government will likely support crypto regulation in its upcoming budget cycle next February. According to Business News, officials of the Finance Ministry and the Reserve Bank of India (RBI) have teamed up to design the legal framework. “What …
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