Category: crypto


Bank of Russia Lists Crypto Companies Among Financial Pyramids


Bank of Russia Lists Crypto Companies Among Financial PyramidsThe Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank of Russia Blacklists Crypto Platforms As part of its […]


Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report Reveals


Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report RevealsCryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department, over 40% of the platform’s transactions involved criminal actors. A Suex co-founder has denied any illegal activity. Sanctioned Crypto Broker Suex Processed $370 Million of […]


Central Bank of Ukraine Supports Crypto Industry, Fears Cryptocurrency


The National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its monetary policy guidelines for the near future, the regulator noted it’s going to defend the status of the hryvnia as the only legal tender in the country. Bank of Ukraine […]



US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds


US Sanctions Russian Crypto Broker Suex for Laundering Millions of Illicit FundsThe U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous BTC-e exchange. OFAC Adds Russian Crypto OTC Exchange Suex to Blacklist The Office […]


Iranian Lawmakers Oppose Crypto Restrictions, Call for Supportive Regulations


Iranian Lawmakers Oppose Crypto Restrictions, Call For Supportive RegulationsMembers of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of friendlier regulations. Iranian MPs Urge for Change in Crypto Policies After Research Some parliamentarians […]




Russian Court Confirms Arrest Warrants for 3 Finiko Founders


Russian Court Confirms Arrest Warrants for 3 Finiko FoundersTatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal. Three Finiko Ponzi Scheme Members Still Wanted The Supreme Court of Tatarstan, a republic of the […]


Ukraine Officials Fail to Account for Millions in Declared Crypto Assets


Ukraine Officials Fail to Account for Millions in Declared Crypto AssetsPersonal asset declarations filed by politicians and government officials in Ukraine have indicated that many have made significant investments in cryptocurrency. However, some of them have been unable to prove ownership or account for their digital holdings, local media reported. Lawmaker Loses Over 40 BTC With Stolen Vehicle in Ukraine Dmitry Gurin, a member of […]


Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments


Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive InvestmentsCentral Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely to affect peer-to-peer and over-the-counter trading platforms. Central Bank of Russia Skeptical of Cryptocurrency […]


Survey: 1 in 10 Irish Investors, Quarter of Young People Hold Cryptocurrencies


Survey: 1 in 10 Irish Investors, Quarter of Young People Hold CryptocurrenciesInvestors in Ireland are attracted to digital opportunities offering better returns and often find them online, a new survey has indicated. According to the poll, 11% of investors have already bought a digital asset and a quarter of the young Irish are betting on cryptocurrencies. Low Interest Rates, Search for Long-Term Returns Push More Irish […]


Bitcoin Will Not Become Legal Tender in Uzbekistan, Central Bank Official Insists


Bitcoin Will Not Become Legal Tender in Uzbekistan, Central Bank InsistsCryptocurrency cannot be adopted as a means of payment in Uzbekistan, a high-ranking official from the country’s central bank has recently stated. Speaking to local media, the regulator’s representative also noted that unlike cryptocurrencies, the national fiat is backed by the bank’s assets. The statement comes in spite of Tashkent’s crypto-friendly moves in the past. […]


Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document


Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy DocumentThe launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent Russians from using “money surrogates” as officials have previously called cryptocurrencies. Bank of Russia […]


Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers


Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto ExchangersThe central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has […]



Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor Says


Mining Is Not Banned in Ukraine and Does Not Require Licensing, Key Crypto Advisor SaysThe regulatory status of cryptocurrency mining remains somewhat undetermined in Ukraine, even after the recent adoption of the law “On Virtual Assets.” However, albeit unregulated, the minting of digital coins isn’t prohibited either, according to a leading advisor on crypto matters at the Ukrainian parliament. Amendments to Ukraine’s Tax Law to Regulate Accounting for Crypto […]


Croatian E-bike Company Greyp Bikes Integrates Cryptocurrency Payments


Croatian E-bike Company Greyp Bikes Integrates Cryptocurrency PaymentsGreyp Bikes, a company founded by Croatian innovator and entrepreneur Mate Rimac, has integrated crypto payments into its online billing system. All of its high-tech cycling products can now be purchased using nine different coins thanks to a partnership with payment processor Paycek. Greyp Bikes Accepts Cryptocurrencies for Its Electric Bicycles Croatia’s Greyp Bikes, which […]


Crypto Mining Should Be Registered and Taxed in Russia, Financial Market Committee Chair Says


Crypto Mining Should Be Registered and Taxed in Russia, Financial Market Committee Chair SaysCryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect Mining, Taxation, Definition of Digital Currency Discussing upcoming changes in the legislation regarding digital currencies in Russia, head […]


Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto Pyramid


Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto PyramidLaw enforcement in the Russian republic of Tatarstan have made new arrests in connection with the crypto Ponzi scheme Finiko. Two women detained this week are believed to have attracted millions of dollars to the pyramid. The now collapsed Finiko lured investors from a number of countries in the post-Soviet space and around the world, […]


Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns


Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank WarnsMining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however, the Nepalese have continued to invest in bitcoin, media reports reveal. Engaging in Illegal […]


Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks


Major Korean Exchanges Secure Real-Name Account Arrangements With Local BanksLeading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept. 24 compliance deadline. Bithumb, Coinone and Korbit Maintain Partnerships With Korean Banks Banks have […]


Payments Giant Mastercard Acquires Blockchain Intelligence Firm Ciphertrace


Payments Giant Mastercard Acquires Blockchain Intelligence Firm CiphertraceMastercard, the American multinational financial services corporation, announced the company is dipping further into the digital asset ecosystem by acquiring the blockchain intelligence firm Ciphertrace. The partnership announcement says the firm will help bolster Ciphertrace’s and Mastercard’s cyber security solutions. Mastercard Purchased Ciphertrace for Undisclosed Sum On Thursday, the financial payments giant Mastercard (NYSE: MA) […]



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