Hong Kong’s ZA Bank Explores Virtual Asset Services Amid Regulatory Changes

by Александр Пирогов | May 2, 2024 | Blog News

Hong Kong’s ZA Bank, a subsidiary of China’s ZhongAn Online P&C Insurance, is considering entering the virtual asset market following the implementation of new regulations for digital assets in the region. These regulations, established last year,...

Bipartisan Lawmakers Introduce Providing Tax Clarity for Digital Assets Act

by Александр Пирогов | May 2, 2024 | Blog News

Two U.S. lawmakers, Representatives Drew Ferguson and Wiley Nickel, have proposed the Providing Tax Clarity for Digital Assets Act to address taxation issues concerning block rewards earned by crypto miners. The bill seeks to clarify the tax treatment of staking...

SEC Initiates Legal Action Against Geosyn Mining and Co-Founders for Alleged Fraud

by Александр Пирогов | Apr 26, 2024 | Blog News

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Geosyn Mining and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, accusing them of fraudulent activities. The lawsuit, filed on April 24 in a federal court in Fort...

Kenyan Government Establishes Working Group to Regulate Cryptocurrency Industry

by Александр Пирогов | Apr 26, 2024 | Blog News

The Kenyan government has formed a multi-agency technical working group tasked with developing a regulatory framework for the cryptocurrency industry. This group, which includes regulators such as the Central Bank of Kenya (CBK), aims to draft rules for controlling...

Approves New Regulations Targeting Money Laundering in Cryptocurrency Space

by Александр Пирогов | Apr 26, 2024 | Blog News

The European Parliament has approved new regulations aimed at combating money laundering and illicit activities in the cryptocurrency industry. These regulations, part of the Markets in Crypto-Assets (MiCA) framework introduced by the EU in 2023, particularly impact...

Armenian Officials Trained on Crypto Investigations to Combat Crime

by Александр Пирогов | Apr 26, 2024 | Blog News

Armenian law enforcement agencies recently underwent training on crypto-asset investigations, facilitated by the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA) in collaboration with the United Nations Office on Drugs and Crime...