El Salvador made headlines in June when it made Bitcoin a legal tender in June, becoming the first country to do so. While many are skeptical of the countrys decision, Bank of America seems supportive of the move and...

Critics have argued about cryptos potential use in criminal activities such as money laundering. However, the recently appointed chief digital currency advisor for the Financial Crimes Enforcement Network (FinCEN) views...

The Israeli government is proposing a new crypto reporting requirement as part of its efforts to combat tax evasion and money laundering. However, crypto proponents in the country are opposing the draft bill saying that it...

Russia is one of the countries that are forging ahead with its central bank digital currency development. However, a recent study revealed that Russians might not yet be ready to use the CBDC with four out of 10...

While some governments have opted to restrict banks from giving financial services to crypto-related firms, Kazakhstan appears to be backing the trend. Instead, the Central Asian country is reportedly planning to...

The pile of exchange-traded fund (ETF) applications received by the United States Securities and Exchange Commission just keeps growing. The latest one came from the New York-based investment bank and financial services...

South Korea is planning to crack down on tax evasion by crypto investors and high-income individuals in the country via tweaking its tax codes. The move is part of the governments drive to bolster revenue collection to...

With the rising popularity of cryptos such as Bitcoin and Ether, central banks worldwide realized that they need to come up with an alternative or get left behind. More than 80 central banks are already in various stages...

Brazilian authorities recently seized R$172 million (usd$33 million) as part of an ongoing money-laundering investigations. The laundering was reportedly carried out through crypto exchange and involved Bitcoin, the worlds...

While it might have banned crypto transactions earlier this year, Nigeria is moving ahead with its central bank digital currency project. The Central Bank of Nigeria (CBN) revealed plans of launching its CBDC pilot scheme...

Beijing wants the U.S. senators who raised concerns over digital yuans use by U.S. athletes in next years Winter Olympics to stop making trouble. Three senators recently sent a letter to Olympic officials urging them to...

China appears to be ahead of the pack in the central bank digital currency race. The Peoples Bank of China, the countrys central bank, has already tested its CBDC pilot also known as the digital yuan in a variety of...

Three United States senators recently expressed concerns over the possibility of American athletes using Chinas central bank digital currency also known as the digital yuan. The lawmakers sent a letter urging Olympic...

The Enforcement Directorate (ED) has issued a notice to crypto exchange WazirX demanding an explanation on why withdrawals from its crypto wallets should not be considered violations of the Foreign Exchange Management Act...

Regulatory certainty will soon be coming to Turkeys crypto industry. The countrys Ministry of Treasury and Finance recently announced the completion of a draft bill that will establish the legal framework for crypto...