Cryptocurrency Analysis and News Portal
Cryptocurrency businesses have continued to receive pressure globally from different regulatory bodies. For example, the Spanish National Securities Market Commission (CNMV) recently released a warning to many financial markets and crypto-related businesses. The warning is on unregistered services which they offer. From the official document from CNMV, about 11 entities received
Read More
With the current solution, it is possible to envision European Commission’s plan to commence establishing a collaborative, mainstream EU-wide system for withholding tax relief at source. Ernst & Young Global Limited (EY) has collaborated with the UK government to design an extensive blockchain project to help with problems
Read More
Authorities Move to Seize Domain Name of Vietnam’s Largest Bitcoin Exchange May 7, 2018 by Jon Southurst Recent incidents concerning the domain name of Vietnam’s largest bitcoin exchange have highlighted the risks of operating a profitable business in certain regions. Authorities have reportedly moved to seize Bitcoin Vietnam’s internet domain, claiming
Read More
The Norwegian Tax Administration has issued a warning to crypto traders in advance of Norway's April 30 deadline to file tax returns.According to a notice from the Norwegian Tax Administration on Wednesday, the government agency advises all taxpayers who owned or sold crypto in 2020 to enter it on their
Read More
John Glen, the United Kingdom's financial services minister, has said that stablecoins will be the main focus of the government’s crypto regulatory activity.Glen made delivered his comments while addressing a conference organized by City & Financial Global on Tuesday, Reuters reported.For Glen, the U.K.’s decision to prioritize stablecoins over regulating the broader
Read More
The illegal mining operations will be disconnected from the national power grid and the miners will face prosecution. Source
Read More
The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform. Chinese law enforcement has seized cryptocurrencies worth over $4.2 billion from the PlusToken Ponzi scheme. Apparently, a total of 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167
Read More
Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China. Source
Read More