The U.S. Internal Revenue Service (IRS) will be updating its current 2014 guidance on bitcoin tax in the coming weeks, the Wall Street Journal reported. Based on its IRS Notice 2014-12, bitcoin and other crypto assets...

Ponzi schemes are nothing new in the crypto world and recently, four people in India have been arrested for allegedly perpetrating the act. The suspects that were apprehended were Vijay Prajapati, Dhiraj Patel, Kamruddin...

Although the US is better at engaging in blockchain technology than most countries, the regulations that will allow companies going into this space to thrive have yet to be fully formed. This might soon change with the...

Unlike countries that have declared their support for or against cryptocurrencies, the Philippines remains unwilling to fully commit to either side. Bangko Sentral ng Pilipinas (BPS) Governor Benjamin Diokno recently...

With regards to the implementation of blockchain technology, Cyprus has been showing enormous interest in pursuing the nascent sector to its fullest degree. Finance Minister Harris Georgiades has been particularly...

Becoming only the second U.S. state to do so, Utah has decided to create a regulatory sandbox with focus on fintech and blockchain sectors. The only other state to do this is Arizona and in both cases, the intent is the...

Malaysias Securities Commission (SC) has issued an advisory warning to the public cautioning them against any new initial coin offering (ICO) or digital assets exchange (DAX). Pending the release of the new guidelines with...

Venezuelan President Nicolas Maduro has ordered Banco de Venezuela, the nations biggest bank, to open desk for Petro (PTC), the famous oil-backed cryptocurrency in the country, according to a tweet posted by its local...

The UK Financial Conduct Authority (FCA) recently proposed a ban on the sale of crypto-derivatives in a bid to protect investors from sudden losses resulting from extreme volatility in the prices of cryptoassets. In a...

Russia is not planning on creating any special regulations separate from the ones that it is now thinking of introducing to cover the crypto industry, as a whole. As things stand, it will still not be possible to purchase...