China to Certify 11 Fintech Products Used in Blockchain and Online Payment Services
October 30, 2019
China’s central bank, the People’s Bank of China (PBoC), has said that it will certify 11 different types of financial technology (Fintech) hardware and software that are regularly being used for online payment and…
Paxos Receives "No-Action" Letter from SEC to Settle Blockchain-based Equities
October 29, 2019
Paxos is planning to streamline equities settlement by using a regulatory compliant blockchain-based process.
The Paxos Trust Company received a no-action relief letter from the US Securities and Exchange Commission (SEC) on October…
Bitfinex's Former Payment Processor Crypto Capital's Oz Yosef Indicted in NY Court
October 28, 2019
The US Attorney for the Southern District of New York indicted Oz Yosef, an executive at Crypto Capital, on three criminal counts.
According to an October 23 court filing, Oz Yosef was indicted by US authorities on charges involving…
Another Major AT&T SIM Swapping Heist Targeting Several Crypto Entrepreneurs
October 27, 2019
A crypto entrepreneur has filed a lawsuit against giant telecommunications firm AT&T over an alleged SIM swapping hack which reportedly led to the loss of $1.7 million in digital currency, in an attack targeting three blockchain…
Final Russian Nuclear Researcher Receives Prison Sentence for Illegal Crypto Mining
October 26, 2019
A nuclear lab researcher in Russia will reportedly be serving three years in a prison colony for allegedly using government equipment to illegally mine Bitcoin (BTC).
Andrey Rybkin, a nuclear scientist working at the All-Russian…
G7 Group of Nations Warns that Global Stablecoins Threaten Existing Financial System
October 14, 2019
The G7 group of nations has prepared a draft report which notes that globally accessible stablecoins pose a significant threat to the existing financial system.
According to BBC, G7’s draft report detailed the different risks…
IRS Will Ask If You Own Cryptocurrency on its New Income Tax Form 1040
October 13, 2019
The US Internal Revenue Service (IRS), a bureau of the Department of Treasury, recently added a question regarding cryptocurrency ownership to its standard 1040 income tax form for the upcoming tax filing season.
A draft of the…
SEC, CFTC, FinCEN Issue Warning to Crypto Industry to Adhere to Banking Laws
October 12, 2019
The heads of three US financial regulators have issued a warning to the crypto asset industry to adhere to relevant banking laws.
In a joint statement released on October 11, signed by Commodity Futures Trading Commission (CFTC)…
