Binance, Kraken and 7 Other Crypto Sites to Be Blocked in India for ‘Operating Illegally’ LeapRate

December 29, 2023 BY Sam Boughedda

Binance, Kraken and 7 Other Crypto Sites to Be Blocked in India for 'Operating Illegally'

The Financial Intelligence Unit India (FIU IND) said it has written to the Ministry of Electronics and Information Technology in the country to block the URLs of the nine entities it states are "operating illegally without complying with the provisions of PML Act in India." The cryptocurrency exchanges on the notices are Binance, Kraken, Bitfinex,…

March 04, 2020 BY Steffy Bogdanova

Ukraine taxpayers will now have to report cryptocurrencies

Ukraine’s revenue agency has published guidance for taxpayers to report their digital assets holdings as intangible property, similar to intellectual property or licenses for natural resources extraction. Cryptocurrency is indicated in the guidance in accordance with the Financial Action Task Force (FATF)'s definition – as a virtual unit with value that can be traded and…

January 13, 2020 BY Valentina Kirilova

The UK watchdog becomes AML and CTF supervisor of UK cryptoasset activities

The UK regulator FCA has informed earlier that any UK business conducting specific cryptoasset activities falls within scope of the regulations and will need to comply with the regulator's requirements. Cryptoasset businesses are required to identify and assess the risks of money laundering and terrorist financing which their business is subject to. The companies also…

October 16, 2019 BY Valentina Kirilova

Crypto exchanges struggling with FATF AML regulations – 8 months to go

When the G20 approved the recommendations of the Financial Action Task Force (FATF) back in late June, the group imposed a one-year deadline for local regulators to adopt new rules and regulations regarding implementation and compliance. The rules themselves have no explicit penalty provisions, but crypto exchanges are already four months into the process and…

July 17, 2019 BY Valentina Kirilova

If Russia ends its ‘Love-Hate’ of cryptos, can it be the ‘King of Blockchain’?

As Russian government officials continue to debate the efficacy of cryptocurrencies and blockchain technology, industry observers are curious as to why there has not been a major push to lead in this arena. Observers have noted that Russia is definitely a “global powerhouse for development talent and business acumen in the blockchain space”, but, unlike…

Tag: crypto regulation