South Korea will be adopting a crypto-tracking system within the first half of 2023. With the new system in place, authorities will be able to monitor and analyze cryptocurrency transactions as part of the governments...

El Salvador is the first country to declare Bitcoin (BTC) legal tender but other jurisdictions appear to be set on following on its footsteps and plan on making the worlds largest crypto in terms of market cap also...

Crypto asset providers that seek to attract potential investors through advertisements are now facing increased scrutiny and stricter requirements from South Africas advertising regulator. These include a warning on the...

While the current crypto market downturn and recent FTX collapse caused some countries to become wary of Bitcoin (BTC), Ethereum (ETH), and other digital currencies, the United Arab Emirates (UAE) continues to express...

The Federal Bureau of Investigation (FBI) claims to have seized millions of dollars worth of Bitcoin (BTC) and other cryptos from foreign con artists who prey on the elderly. The scammers convinced the victims to send...

Iran and Russia are reportedly in discussions for the possible issuance of a stablecoin to be used for international settlements. A stablecoin is a type of crypto that is backed by more stable assets such as fiat...

Japanese financial regulators are now calling for tougher regulations for the crypto sector. They are urging regulators worldwide to treat crypto the same way they do their respective banking sectors. Deputy...

Bithumb, one of South Koreas largest crypto exchanges is facing increased scrutiny from regulators. The countrys National Tax Service (NTS) is reportedly conducting a special tax investigation on the crypto company. As...

The governor of the Bank of France, the countrys central bank, is pushing for stricter licensing requirements for crypto firms in the country. The official cited the current turmoil in the crypto market as the main reason...

Indonesia plans to create a national crypto exchange this year as part of the reform of its crypto regulation. The government aims to launch the platform before the planned transfer of regulatory power for the digital...

Italy is set to impose a 26% capital tax on crypto gains as part of the 2023 budget law. Taxpayers are also encouraged to declare their cryptocurrency holdings by offering an amnesty on gains made or face additional fines...

A California regulator has issued 17 separate warnings in a two-day period against 17 crypto brokers and websites. The California Department of Financial Protection and Innovation (DFPI) issued the warnings as the 17...

The Russian government is moving ahead with its plans of using cryptocurrency for international settlements. The Central Bank of the Russian Federation, also known as the Bank of Russia, plans to conduct trials with...

Nigeria is set to recognize Bitcoin (BTC), Ether (ETH), and other cryptos within its jurisdiction. The government will reportedly pass a law soon that will recognize crypto usage in the country, a move that will keep...

Shark Tank star Kevin OLeary has a different explanation for why the crypto exchange FTX failed, which he shared with U.S. senators. OLeary told U.S. Congress that the reason for FTXs failure was because rival Binance...