Korean Crypto Exchanges to Share Data with Banks in New Account System This Month | Crypto News

The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges this month. Under the new system, the government requires exchanges to share user data with banks. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Exchanges to Share Data with Banks The Korean…

Read more

Consumer Protection Association Slams Bank for Blocking Transfers to Bitcoin Exchanges | Crypto News

From Israel to Australia, commercial banks in various parts of the world have tried preventing people from entering the cryptocurrency market by blocking money transfers to bitcoin exchanges. Now the largest consumer association in Portugal has called out a local bank for trying to do the same. Also Read: U.S. Rating Agency to Issue Bitcoin…

Read more

Indian Crypto Traders Getting Notices From Tax Authority Due to Unreported Investments | Crypto News

The Indian tax authority has sent notices to cryptocurrency investors after discovering that some crypto investments are not reflected on tax returns. The government conducted a survey of crypto trading at the country’s 9 exchanges and found that more than $3.5 billion worth of transactions were traded over a 17-month period. Also read: Despite Multiple Government…

Read more

Bill Introduced to Make South Korean Officials Declare Their Crypto Investments | Crypto News

A bill has been introduced in South Korea to require public officials to declare their investments in cryptocurrencies including bitcoin. This initiative follows the recent controversies within the government regarding cryptocurrency regulations, including insider trading and market manipulation. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Bills for…

Read more

New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions | Crypto News

The Foundation for Defense of Democracies’ Center of Sanctions and Illicit Finance in conjunction with blockchain analytics company, Elliptic, has published a study seeking to track the circulations of illicit funds within the bitcoin economy from 2013 to 2016. The research concludes that the share of funds of illicit origin comprises less than one percent…

Read more

Onecoin Offices Raided in Sofia, Servers Shut Down | Crypto News

Bulgarian law enforcement agencies have raided the offices of Onecoin in Sofia as part of a multinational effort to neutralize what authorities call a “centralized cryptocurrency pyramid scheme”. Three million people may have been defrauded by the company which offers services on four continents, according to media reports. Bulgarian officials were diligent enough to note…

Read more

PR: Retail Conglomerate Launches Online Mall Accepting Only MegaX and Bitcoin Cash | Crypto News

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Singapore-based MegaX introduces first-of-its-kind global millennial online mall having raised…

Read more