A recent announcement revealed that the South Korean Financial Services Commission (FSC) has given its approval for a blockchain-based ID system to be implemented in banking. Called my-ID by ICONLOOP, it is a method for...

Two brothers of Israeli origin have been arrested recently for alleged crimes of stealing $100 million worth of cryptocurrency. The pair is accused of their involvement in the hacking of Bitfinex back in 2016, which was...

Facebook is no stranger to being called by the House of Congress and the Senate, with this happening several times in the past due to the social networks controversial activities. This time, Mark Zuckerbergs company will...

The American Institute of Certified Public Accountants (AICPA) has proposed an updated set of standards for audit evidence including the accommodation of blockchain-based data. The new proposal, entitled Proposed...

The Bank of International Settlements (BIS) has cautioned that financial services provided by giant companies like Alibaba, Amazon, Facebook, Google, and Tencent could come with new risks for the banking sector as well as...

The U.S. Internal Revenue Service (IRS) will start auditing taxpayers who own crypto-assets, according to Bloomberg. As per the report, the IRS has established a list of taxpayers who have failed or underreported their...

The Financial Action Task Force (FATF) will focus on combating money laundering and terrorism financing by strengthening cryptocurrency regulations for its member nations. U.S. Secretary of the Treasury Steven Mnuchin...

Russia is reportedly considering permitting cryptocurrency trading, although a final decision is yet to be made, Deputy Minister of Finance Alexi Moiseyev revealed on Friday as per a report by Interfax. According to the...

The Financial Services and Markets Authority (FSMA), a Belgian watchdog, has recently released a report documenting financial crimes notifications it received in 2018. In the report, the agency received a total of 2,066...

Blockchain is considered useful for a lot of things and helping to curb economic disasters was just added to this long list. Regulators in Brazil are now thinking of turning to the decentralized ledger technology in the...