Tag Archives: Regulation

US regulators move to introduce major crypto rules

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US regulators are scampering to adopt the first major rules on cryptocurrencies, seeking to address worries about scams, hackers, and market manipulation. There’s been worrying concerns about the huge profits some traditional financial institutions are raking in from cryptocurrency through quasi-banking services. Regulators also feel a need to avert looming …

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U.S prepare new sanctions to tackle crypto-ransomware attacks

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President Joe Biden’s administration is making efforts, including sanctions, to curb crypto-ransomware attacks.  As part of its efforts to restrict ransomware attackers and their operations,  is expected to introduce new policies next week. A report by the Wall Street Journal claims that the sanctions will attack “specific targets,” and not …

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Iran shuts down more Crypto mining plants

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Regulators in Iran have closed down more illegal crypto mining farms in an effort to reduce the burden on the country’s overstretched power plants. As reported by bitcoin.com, the body responsible for generating and distributing electricity, Tavanir carried out the latest onslaught against unlawful miners. So far, Iran has shut …

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Dutch Central Bank says Binance operations are illegal

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The central bank of the Netherlands (De Nederlandsche Bank) has warned locals that crypto exchange Binance is operating illegally within the country. According to the financial regulator, Binance does not comply with the Anti-Money Laundering and Anti-Terrorist Financing Act in its operations. And as such, is deemed to be “illegally …

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