After years of discussions, South Korean might soon be taxing profits from cryptocurrencies. While the details have not yet been officially revealed, there are talks that the government might opt to impose a 20 percent tax...

A group of cryptocurrency scammers has been taken down by Chinese authorities in the city of Wenzhou. The police seized millions in cryptocurrencies, villas, and luxury cars from the group. Chinese authorizes seized...

Chinese authorities have been ramping up efforts to curb illicit economic activities. To speed up its investigations, the countrys law enforcement is now reportedly detaining over-the-counter (OTC) cryptocurrency...

The U.K. High Court ordered GPay to be wound up in the public interest. The cryptocurrency trading platform was accused of scamming crypto traders by using fake endorsements by celebrities. UKs Insolvency Service posted...

The governments plan to impose taxes on cryptocurrency transactions might be a bit premature at this point, according to an economist. Sung Tae-yoon, an economist from the Korean Yonsei University economist, expressed his...

The cryptocurrency sector in India is facing uncertain times ahead with rumors swirling around that the government could be planning a total ban on cryptos. However, the various reports did not seem to dampen investors...

Estonia has cancelled the licenses of 500 cryptocurrency companies as part of its efforts to crackdown on illicit financial transactions after an Estonia branch of the Danske Bank was involved in a $220 billion money...

Russias Ministry of Economic Development expressed its disapproval of a proposed bill that plans to impose a total ban on cryptocurrency usage in the country. The ministry explained that such a bill would backfire and...

China finally passed its new civil code, which, among other things, expanded the scope of the inheritance rights of its citizens. Perhaps one of the most exciting additions brought by the new code is that inherited...

Indias cryptocurrency industry could be facing another challenge just two months after the Supreme Court ruled against Reserve Bank of Indias circular banning crypto trading. A recent report revealed that the government...

Chinese police in Guangdong province reportedly froze several thousands of bank accounts that belong to cryptocurrency traders. The move was part of the authorities efforts to crack down on illicit activities but reports...

VaultAge Solutions CEO Willie Breedt might soon be facing charges as investors of his cryptocurrency firm are already discussing with lawyers how to proceed with their planned legal action. Around 2,000 investors of the...

Maltas futuristic Blockchain Island is facing a setback. In 2018, Malta announced its intention to regulate virtual financial assets by initiating legislation. The European country also invited several companies to...

Campaign group Positive Money is calling central banks to issue digital currencies. Positive Money published a report titled Money We Trust: Designing Cashs Digital Counterpart. The report called central banks like Bank...

Fintech Monzo has applied for a U.S. banking license. The U.K.-based bank has over 4 million customers. On April 20, it applied to the US Office of the Comptroller of the Currency for the license, The Telegraph...