Category: Crypto

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  In a startling revelation, the cryptocurrency tracing firm Chainalysis has uncovered a worrying trend in the illicit trade of child sexual abuse materials (CSAM). The sellers of these materials are increasingly employing advanced methods like “mixers” and “privacy coins” such as Monero, complicating efforts by law enforcement agencies to track and apprehend them. The […]

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In a significant move towards providing clarity and regulation in the cryptocurrency space, the Turkish government is on the verge of finalizing a comprehensive framework for crypto assets and trading platforms. The impending regulations, outlined by Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, aim to establish legal definitions for key crypto concepts, introduce licensing […]

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Reserve Bank of India (RBI) Governor Shaktikanta Das reiterated the central bank’s unwavering stance against cryptocurrencies, even as the US Securities and Exchange Commission approved changes allowing the creation of a bitcoin exchange-traded fund (ETF) in the United States. Das emphasized that the RBI would not follow the path of other countries when it comes […]

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A new era in cryptocurrency taxation has dawned in the United States. Following the Infrastructure Investment and Jobs Act, signed into law by President Joe Biden in November 2021, the Internal Revenue Service (IRS) has implemented a stringent reporting requirement for crypto transactions. This rule, effective from January 1, 2024, mandates that any receipt of […]

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In a surprising and selective response to the Financial Intelligence Unit’s (FIU) recent crackdown on cryptocurrency exchanges, major players like Binance, Kucoin, and OKX have been removed from the Apple iOS Store, while remaining accessible on the Google Play Store. This partial delisting follows the FIU’s directive that these and other global exchanges were operating […]

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In a dramatic turn of events that left the cryptocurrency world in shock, the price of Bitcoin experienced a rapid surge and subsequent fall after the U.S. Securities and Exchange Commission (SEC) announced an unauthorized approval of a Bitcoin exchange-traded fund (ETF) on the social platform X, formerly known as Twitter. The events of the […]