The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC additionally
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A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an examination of almost 30,000 business
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The founder of two cryptocurrency hedge funds in New York, Stefan Qin, has been sentenced to 7.5 years in prison and three years of supervised release. He is likewise purchased to surrender about $55 million. The
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As regulatory stress mounts within the U.S., policymakers are placing stablecoins on the high of their agendas. Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to
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A number of US state regulators have gone after the favored cryptocurrency lender Celsius Community for failing to adjust to native securities legal guidelines. The project’s CEO was quick to refute the allegations, promising that
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The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. An overall of 28 cryptocurrency exchanges have supposedly been cleared by the regulators
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A news release published by the New Jersey government web portal indicates that the cryptocurrency lending platform Celsius has been sent a cease and desist order from the New Jersey Bureau of Securities. Furthermore, the
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The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “extremely speculative, suspicious often, and excessive depth by way of vitality consumption.” She additionally mentioned the
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Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. In keeping with a quoted announcement by the area’s our on-line world administration, plenty of authorities businesses are
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At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She raised numerous issues she connects with
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