Crypto adoption is accelerating at a rapid pace since the coronavirus pandemic started as more companies also started accepting digital currencies as a payment option. The latest to join the trend is Elon Musks Tesla,...

A U.S. court sentenced the founder of a multi-million crypto Ponzi scheme to pay a $4.5 million fine for operating a web of fraudulent companies. However, the man managed to escape shelling out cash for the hefty fine...

Norway is known as the worlds most cashless society where most of the payments are done via digital wallets or contactless cards and only 4 percent of payments are made with cash. However, its central bank is not...

A senior official from the Central Bank of Nigeria (CBN) clarified that the monetary authority has not banned crypto trading not placed any restrictions on its use in the country. The official explained that CBNs directive...

Thailands central bank expects to issue regulations on asset-backed stablecoins this year, an assistant governor said on Friday (March 19), after warning against use of a new baht-denominated stablecoin that was created...

South Korea is ramping up its tax collection efforts by targeting those that might have used crypto to evade taxes. The nations tax agency has listed more than two thousand individuals suspected of using popular...

The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the...

A person suspected of stealing from a crypto exchange has been detained by Romanian authorities. The police accused the man of stealing hundreds of thousands of dollars in cryptocurrencies from a major trading platform...

The securities watchdog in Texas has issued a cease-and-desist order against an allegedly fraudulent platform posing as the cryptocurrency company Binance. According to a press release on Tuesday (March 16), Securities...

India is on the verge of imposing what might be one of the strictest crypto bans in the world. The government is reportedly planning to propose a law that would make cryptocurrency trading and even owning digital...

Businesses dealing with virtual assets including cryptocurrencies must report their transactions to a government body and abide by anti-money laundering requirements, the Financial Services Commission (FSC) of South Korea...

Japan is getting serious about its crackdown on crypto traders who do not properly file their tax declarations on cryptocurrency-related income. One offender was recently fined and sentenced to a year in prison for not...

Crypto adoption has surged in South Korea as the rising prices of popular digital currencies such as Bitcoin(BTC) and Ether (ETH) make them increasingly attractive to investors. Unsurprisingly, the countrys crypto miners...

Social media influencers who provide crypto investment advice might be facing investigations by Portuguese authorities. The countrys law enforcers are reportedly contemplating launching investigations after thousands of...

The U.S. Internal Revenue Service (IRS) has just launched a new program that specifically targets crypto investors. Called Operation Hidden Treasure, the team consists of experts trained in tracking unreported...