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

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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

Business

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

Business

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

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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

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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

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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

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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

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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

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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