Australian Tax Office seeks data from 1.2 million crypto exchange users: Report

Regulators around the world have been thinking seriously about the risks associated with stablecoins since 2019 but recently, concerns have intensified, particularly in the United States. In November, the United States’ President’s Working Group on Financial Markets, or PWG, issued a key report, raising questions about possible “stablecoin runs” as well as “payment system risk.” The…

South Korea pushes forward with its CBDC pilot and targets three potential test regions for issuing and distributing the digital currency. 334 Total views 2 Total shares The Bank of Korea has narrowed down three regions for the piloting of its central bank digital currency (CBDC), which does not include the country’s capital, Seoul, according…

One user claims they were defrauded out of more than $50,000 by the website, which authorities are now referring to as an “alleged cryptocurrency exchange.” 557 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe Washington State Department of Financial Institutions (DFI) has issued a consumer protection alert…

In October 2022, the European Union finalized the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the days of an unregulated crypto market in the EU may soon be over. The MiCA regulations introduce clear guidelines for handling…

Local government in China endorsed a public Blockchain infrastructure project. Conflux Network, a permissionless blockchain project, announced that it has been endorsed by government officials from the Chinese province of Hunan on August 19. The company was previously endorsed by the Shanghai Municipal Government for similar reasons.Hunan province, located in south central China, is a…

Research on a central bank digital currency (CBDC) in China has been delayed as the coronavirus epidemic continues.Global Times reported on Feb. 25 that the epidemic’s impact on staff has resulted in significant setbacks. A source familiar with the matter reportedly said:“The coronavirus outbreak has led to postponed work resumption in government institutions, including the…

In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC. 536 Total views 45 Total shares Bitcoin (BTC) retreated and reversed its intraday gains after the Federal Reserve announced its third consecutive 75 basis point (bps)…

A perennial question surrounding blockchain technology is: When will it make a mainstream impact? Understandably, enthusiasts in the industry are anxious to see this technology live up to its promise of empowering consumers, accelerating cross-border payments and bridging the financial inclusion gap for the under- and unbanked.The reality is that today, its scope is limited.…

RIOT stock was down by as much as 14.4% on Thursday. 2607 Total views 14 Total shares Shares of Riot Blockchain (RIOT) and other cryptocurrency miners sold off sharply on Thursday, as Bitcoin’s (BTC) gravitational pull on the market continued to broaden. RIOT declined by as much as 14.4% during Thursday’s session, extending its losing streak…