Although the pandemic triggered by the SARS-COV-2 is one of the greatest human tragedies in a century, some people see the situation as an opportunity to make money fraudulently. The United States Department of Homeland Security (DHS) and the Department of Justice (DoJ) had managed to seize a corona domain
Latest Regulation News at Crypto Frontline
The United States Federal Communications Commission (FCC) had issued a draft order on April 16th, which approves the usage of L-Band radio frequencies for 5G and Internet of Things (IoT), according to Cointelegraph. A lot of controversies had emerged around the proposal, with several Congressional defense committee members urging Donald
The Australian Securities Exchange (ASX) had planned a blockchain implementation for its current system from processing equity transactions, a.k.a. Clearing House Electronic Subregister System (CHESS), but the latest COVID-19 outbreak seems to have taken authorities by surprise. According to an announcement dated March 25th, 2020, the ASX is forced to
Sweden’s central bank had impressed in February, when it began testing a central bank digital currency (CBDC), in what would be a pilot program that will last until February 2021. It became the second country, after the Bahamas to start such an innovative project and now the institution wants to
Cryptocurrencies continue to be recognized as assets and another proof with that respect is related to a defamation case from New South Wales (NSW), Australia. According to the Australian Associated Press, Judge Judith Gibson recognized crypto assets as a “form of investment”, allowing them to be used as collateral. A
The US Immigration and Customs Enforcement (ICE) had made an important revelation in the 2021 budget proposal, where it states the existence of a Cryptocurrency Intelligence Program (CIP), aimed at identifying unlicensed capital flows. In the absence of cryptocurrency regulation, there is a growing concern and clear evidence that shadow
The legal battle between the United States’ Securities and Exchange Commission (SEC) and Telegram continues, but now it looks like the Commodity Futures Trading Commission (CFTC) is willing to enter the ring as well. At the present time, Telegram is the second-largest ICO, having raised more than $1.7 billion from
There seems to be a race for the first central bank digital currency (CBDC) led by China and Japan does not want to fall behind. Even though China had been trying to crack down on crypto speculation, more details on its classified digital yuan project had started to surface, according
On January 29th, BCB Group, a European crypto-focused payment processor for major crypto firms, had announced that it had secured a license from the United Kingdom’s Financial Conduct Authority (FCA). The firm’s core subsidiary BCB Payments is now an Authorized Payment Institution (API), and it’s regulated in both the UK
Her Majesty’s Revenue & Customs had posted an open contract worth 100,000 pounds on January 17th, inviting contractors to provide a tech tool that will help the British tax agency to combat cybercrime and tax evasion using cryptocurrencies. Back in November, the HMRC had updated the cryptocurrency taxation guidelines and
