An Idaho resident has sued the bank on behalf of “hundreds or thousands” of affected cryptocurrency investors.
Taiwan Moves to Capture Bitcoin Under Money Laundering Laws
The government of Taiwan has moved a step closer to regulating bitcoin under existing anti-money laundering (AML) rules.
Cloud Mining Contracts Are Securities, Says Philippines SEC
The Philippines securities watchdog has warned that it will regulate cryptocurrency cloud mining contracts under existing securities rules.
Alibaba’s Taobao Bars Crypto, ICO Services In Policy Update
Alibaba’s Taobao e-commerce site has updated its list of prohibited goods and services on the platform, which now includes those related to cryptos.
Crypto Exchange Bitfinex Denounces Fund Freeze Claims
Bitfinex is pushing back against reports that Polish authorities froze $400 million of its funds.
UK Cyber Security Division Issues Warning on PC ‘Cryptojacking’
The UK National Cyber Security Centre highlighted the rising number of browser apps which force computers to mine cryptocurrencies in a new report.
What You Don’t Know About Crypto Taxes Can Hurt You
There has been no new cryptocurrency tax guidance from the IRS since 2014. Consequently, few investors fully understand how to treat 2017 gains.
3.5 Million Traders: Japan Releases Domestic Cryptocurrency Statistics
Japan’s Financial Services Agency has published domestic cryptocurrency trading statistics for the first time.
Police Officers Charged in $1.3 Million Bitcoin Extortion Scheme
Ten Indian police officials have been charged with kidnapping and attempted extortion after allegedly forcing a victim to transfer 200 bitcoins.
Samoa’s Central Bank Investigates OneCoin Investment Scheme
The Central Bank of Samoa is investigating the OneCoin crypto investment scheme and has issued a warning about the business to investors.
Normal Tax Rules Apply to Crypto Income, Says South Africa
The South African Revenue Service has clarified its stance on the treatment of cryptocurrency tax, saying current rules suffice.
Korea to Inspect 3 Banks Over Crypto Exchange AML Compliance
Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.
Japanese Regulator Suspends Two Crypto Exchanges Over KYC Failings
Japan’s financial regulator has ordered two cryptocurrency exchanges to halt operations for two months due to insufficient KYC procedures.
Ontario Regulator ‘Gathering Information’ on Crypto Trading Platforms
The province’s securities regulator is gathering information after receiving numerous complaints.
Arizona’s Crypto Tax Payments Bill Is Being Revamped
Arizona’s crypto tax bill is still moving forward, despite seeming to have stalled in the Senate last month.
Crypto and Cannabis Investment Promoter Hit With Cease-and-Desist
The Texas State Securities Board filed an emergency cease and desist against a cryptocurrency and weed investment platform on alleged fraud charges.
How to Mount a Tax Defense for Unreported Crypto Income
Most individuals with unreported cryptocurrency income have options available to mitigate and defend against civil penalties and criminal prosecution.
Most Cryptos Aren’t Commodities, Defendants Claim in CFTC Case
Defendants from My Big Coin Pay, which is being sued by the CFTC for fraud, argue that the agency lacks jurisdiction over the case.
Is Every ICO a Fraud? ‘Absolutely Not’ Says SEC Chief
U.S. SEC chairman Jay Clayton addressed ICOs and enforcement actions taken against them during a talk at Princeton University.
Japanese Research Group Calls for ‘Appropriate’ ICO Rules
A research group led by members of Japan’s private and public sectors called for ICO regulation and published its recommendations in a report today.