カテゴリー: Crackdown

Report From Within Shut Down Zimbabwe: A Government That’s Crippled Its Own Economy

Report From Within Shut Down Zimbabwe: A Government That’s Crippled Its Own EconomyA shutdown of the internet by the Zimbabwe government this week, in an attempt to quell deadly protests, ended up achieving the exact opposite result – a total shutdown of the economy, including key public services like health and education. Also read: South Africa Wants to Mandate Registration of Crypto Service Providers Miscalculating Government Paralyzes […]

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Israel Tax Authority Launches Offensive on Undisclosed Crypto Earnings

Israel Tax Authority Launches Offensive on Undisclosed Crypto EarningsLocal reports have asserted that the Israel Tax Authority has launched a renewed crackdown on unreported cryptocurrency earnings. The Israeli tax regulator has opened hundreds of tax accounts and sent letters of notice to Israeli citizens suspected of failing to disclose earnings derived from cryptocurrency-relate activities. Also Read: $1 Million BTC Options Position Set to Expire […]

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Amid Crackdown, SEC Chairman Emphasizes Compliance Requirements for ICOs

Amid Crackdown, SEC Chairman Emphasizes Compliance Requirements for ICOsJay Clayton, the chairman of the U.S. Securities and Exchange Commission (SEC), recently discussed the current regulatory climate surrounding initial coin offerings (ICOs). Clayton emphasized that all ICOs must register with the SEC to ensure compliance with U.S. law. Also Read: Estonia to Tighten Rules for Licensed Crypto Companies Requirements for Regulatory Compliance The SEC chairman […]

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China Targets ‘Disguised’ ICOs in Crypto Crackdown Update

China Targets 'Disguised' ICOs in Crypto Crackdown UpdateThe People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency. Also Read: Venezuela’s Supreme Court Orders Payment in National Cryptocurrency Report Highlights Plan to […]

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BTCC Launching Cryptocurrency Exchange in South Korea

BTCC Launching Cryptocurrency Exchange in South KoreaHong Kong-headquartered cryptocurrency exchange BTCC is reportedly launching services in South Korea this month. In addition to a cryptocurrency exchange, the company will offer a wallet service, a mining pool, and a consumer payments service, according to its Korean website. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals BTCC Expanding Into South […]

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Mainstream Media Narrative Sensationalizes Chinese Crypto Crackdown

Mainstream Media Narrative Sensationalizes Chinese Crypto CrackdownAn American academic has written an article criticizing dominant media narratives surrounding China’s regulatory actions pertaining to cryptocurrencies. The article’s author, Nicholas Krapels, asserts that “most casual observers of Chinese politics do not understand” that “by design, Chinese law maintains a grey area” and get caught up in the “clickbait-oriented sensationalist echo chamber” of contemporary […]

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The Daily: Chinese Crackdown Continues, ICO Head Faces 15 Years in Prison

The Daily: Chinese Crackdown Continues, ICO Head Faces 15 Years in PrisonIn today’s edition of Bitcoin in Brief we cover stories about the latest development in the ongoing Chinese government crackdown on online crypto forums, an ICO head who faces up to fifteen years in a US prison for securities fraud, and more. Also Read: Investor Portal Launches Jobs Board for Cryptocurrency Industry Chinese Crackdown Continues […]

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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of ScamsFollowing the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country. We’ve covered the escalation of the crackdown in The Daily. Also, Russia’s Interior Ministry wants to introduce criminal liability for shadowy […]

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Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners

In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to […]

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Bitcoin Businesses Denied Banking Services in Ireland

Bitcoin Businesses Denied Banking Services in IrelandLeading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.   Also read: Swiss Crypto Company Acquires License to […]

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