Business
ICO fraudster pleads guilty to $7m Covid-relief loan scam
A 24-year-old New York resident has pleaded guilty to acquiring more than $7 million in Covid-19 relief through fraudulent loan applications and misleading investors in
Ohio senator wants clarity for crypto tax reporting in proposed bill
A Republican lawmaker from Ohio is preparing legislation that would reportedly be aimed at preventing U.S. citizens from evading taxes on their crypto earnings. In
Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021
Facebook-backed digital currency project Diem could yet launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source. Cited in a
Crypto payments banned in Turkey — Is this just the beginning?
Buying something with Bitcoin (BTC) in Turkey will soon be illegal, and the topic of crypto payments has become a political debate since the Central
Bahamas ranked first for retail CBDC development, according to PwC
A new ranking of global central bank digital currencies, or CBDCs, places the Bahamas at the top of the leaderboard in terms of retail applications
Blockchain Association executive debunks rumored crypto crackdown by Treasury
Kristin Smith, executive director of the Blockchain Association has dismissed fears that the United States Department of the Treasury was close to cracking down on
South Korea plans interagency crackdown on illegal crypto transactions
Several South Korean financial authorities are planning to join forces to combat illegal operations involving cryptocurrencies like Bitcoin (BTC). The interagency crackdown comes in response
ASIC calls for closer engagement, but crypto industry says rules are unclear
The Australia Securities and Investments Commission, or ASIC, is urging local blockchain and crypto firms to engage with regulators to help them foster innovation in
Crypto users demand reinstatement of Pakistani government adviser following sudden resignation
Many users on social media have started an online campaign for Pakistan Prime Minister Imran Khan to bring back pro-crypto adviser Zia Ullah Bangash. On
China is studying crypto as an investment tool, says PBoC deputy governor
Li Bo, recently appointed deputy governor of the People’s Bank of China, or PBoC, reportedly spoke on the benefits of crypto as an investment tool