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Blockchain Association slammed the OFAC stating that the regulator should catch hold of individuals engaging in illicit activities instead of imposing the ban. The Blockchain Association has reiterated its support for six plaintiffs challenging the US Treasury Office of Foreign Assets Control (OFAC) over the sanctions imposed on Tornado Cash,
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The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash.In a Nov. 20 amicus curiae brief to a U.S. appellate court, the crypto advocacy group argued OFAC’s decision to sanction
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Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prepare the first draft of “what could become
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Since Oct. 3, when lawmakers removed then-Speaker of the House of Representatives Kevin McCarthy, no legislation has made significant progress through the United States Congress. In an Oct. 23 post, The Blockchain Association’s director of government relations, Ron Hammond, provided an update on the tangential elements on crypto-related issues. Lack of stablecoin
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As Taiwan regulators prepare to lay out a crypto regulation framework in September, Taiwan’s digital asset platforms have announced the establishment of an industry association. MaiCoin Group, BitoGroup and Ace Exchange became the first three founders of the Taiwan Virtual Asset Platform and Transaction Business Association. The preparatory group for the association
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A Hong Kong-based social media influencer has been reportedly arrested after investigations around the liquidity crisis of the crypto exchange JPEX traced back their involvement.Hong Kong police reportedly arrested crypto influencer Joseph Lam (Lin Zuo), who goes by the username ‘jolamchok’ on Instagram, for his association with JPEX, according to
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First, she said, the association helped beat back a proposed rule from the Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury’s money laundering watchdog, requiring exchanges to collect personal information on unhosted or self-hosted crypto wallets. Second, the association, she said, helped water down a crypto tax and expansive reporting
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The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital assets.In a Sept. 8 letter to U.S. Senators Ron Wyden and Mike Crapo, the Blockchain Association said lawmakers should support the Keep Innovation in America
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Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureau De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation.ABCON is a self-regulatory body and an umbrella for all the central bank-licensed
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Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets. Japan Blockchain Association (JBA), a non-governmental lobbying group, filed an official request to the country’s government, highlighting three major steps to ease up the fiscal burden on crypto holders. The request was published
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