Coinroot -

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial Intelligence Unit (FIU) has recently granted Binance and KuCoin, two major offshore cryptocurrency exchanges, the […]

107339520-17011146692023-11-27t194324z_1703276355_rc2ul4a2uiip_rtrmadp_0_usa-biden.webp

President Joe Biden issued an order on Monday preventing a Chinese-backed cryptocurrency mining firm from owning land close to a Wyoming nuclear missile base, citing its location as a “national security risk.” WASHINGTON — On Monday, President Joe Biden ordered a Chinese-backed cryptocurrency mining firm to divest its land near a Wyoming nuclear missile base, […]

The decision aligns with Japan’s yen facing pressures due to the country’s fiscal challenges. Metaplanet integrates bitcoin into its reserve assets to mitigate risks associated with Japan’s increasing debt levels and yen instability. With Japan’s debt-to-GDP ratio surpassing 250%, it leads among developed nations in debt burden, according to IMF data. Tokyo-based investment firm Metaplanet […]

The plan administrator will persist in utilizing Coinbase for future distribution phases, potentially including funds recouped from FTX. The bankrupt cryptocurrency lender BlockFi is finalizing its operations shutdown, with plans to discontinue its web platform in May. BlockFi has formed a partnership with Coinbase to facilitate client fund access and withdrawals. In a recent blog […]

The latest offering from BitMEX was developed in partnership with PowerTrade, a platform focused on crypto options. This addition is designed to help traders capitalize on market volatility, hedge against risks, and facilitate price discovery through straightforward and standard options. In a separate move, BitMEX has increased the leverage for bitcoin perpetual swaps to 250x […]

DALL·E-2024-05-08-15.58.44-A-modern-dynamic-illustration-depicting-the-Australian-Tax-Office-ATO-collecting-data-from-over-a-million-cryptocurrency-users.-The-image-shows-a-l-1.webp

The Australian Tax Office (ATO) has reportedly requested cryptocurrency exchanges to provide personal and transactional details for around 1.2 million cryptocurrency users. While acknowledging that some users might not be aware of their tax responsibilities, the ATO emphasized that others might be deliberately avoiding their tax duties. ATO Focuses on Compliance from 1.2 Million Crypto […]

Retail brokerage receives ‘Wells notice’ after prolonged efforts to gain regulatory clarity Robinhood has indicated a potential legal challenge from the U.S. Securities and Exchange Commission concerning its cryptocurrency operations, highlighting the ongoing U.S. regulatory scrutiny on digital currencies. The company reported in a recent filing that over the last weekend, its crypto division received […]

Vodafone, a leading telecommunications company in the UK, is considering embedding cryptocurrency wallets directly into mobile phone SIM cards. In an interview with Yahoo Finance Future Focus, David Palmer, the Chief Product Officer (CPO) of Pairpoint by Vodafone, shared insights into the company’s strategy to drive blockchain adoption for managing crypto transactions on mobile devices. […]

Pakistan has secured a position in the top 10 most crypto-friendly nations, ranking 10th, while India is close behind at 11th place by just one point. Despite its rapidly advancing tech industry and a tech-savvy populace, India falls just short of its neighbor Pakistan in the roster of the most crypto-friendly nations. Pakistan has claimed […]

p-2-91115877-binance-founder-to-be-sentenced-after-pleading-guilty-to-violating-u-s-money-laundering-laws.webp

KEY POINTS After admitting to money laundering violations in November, Binance founder Changpeng Zhao was given a four-month prison term on Tuesday. Although U.S. prosecutors proposed a 36-month sentence, Zhao received less. Following his legal agreement with the Justice Department, the cryptocurrency billionaire resigned as CEO of Binance. On Tuesday, Changpeng Zhao, the billionaire founder […]

FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

Biden Blocks Chinese-Backed Crypto Mining Firm from Land Ownership Near Wyoming Missile Base

Metaplanet Chooses Bitcoin as a Reserve Asset Amid Japan’s Increasing Debt

BlockFi and Coinbase Collaborate on Fund Distribution, Web Platform to Shut Down

BitMEX Launches Options Trading, Aims to Rival Deribit’s Market Share

Australian Tax Office Requests Data on Over a Million Cryptocurrency Users

Robinhood Faces Potential SEC Lawsuit Over Cryptocurrency Practices

Vodafone to Incorporate Crypto Wallets in SIM Cards for Blockchain Adoption

India is Behind Pakistan in Crypto Adoption, US Ranked Second in Crypto-Friendly Nations

Binance Founder Changpeng Zhao Receives Four-Month Prison Sentence

FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

Biden Blocks Chinese-Backed Crypto Mining Firm from Land Ownership Near Wyoming Missile Base

Metaplanet Chooses Bitcoin as a Reserve Asset Amid Japan's Increasing Debt

BlockFi and Coinbase Collaborate on Fund Distribution, Web Platform to Shut Down

BitMEX Launches Options Trading, Aims to Rival Deribit's Market Share

Australian Tax Office Requests Data on Over a Million Cryptocurrency Users

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

Coinroot is dedicated to delivering current, accurate, and comprehensive news in the dynamic world of cryptocurrency and global events. We aim to simplify complex crypto-economic concepts for our audience, providing a trusted source of information for crypto enthusiasts and the wider public alike.