Regulation

Working with the US department of homeland security, the Australian Police Force has arrested three men with ties to an ongoing statewide case of money laundering and drug importation using cryptocurrencies. Detainees Found With Cash and Narcotics As shown by a video released following the arrest, authorities arrested one of the 3 men, aged 34, on the fly. Using unmarked vehicles officers came up to a black car which they then searched. The video depicts the officers recovering a parcel…

The EU Council has decided to impose another ban on Russia, bringing the total number of sanctions against the Russian Federation to five. Its latest will tighten up previous sanctions on Russian-related wallets. As well as traditional accounts linked to Russia and Belarus. What the New Sanction Entails According to a press release issued by the EU, the current package features five items. The package focuses on coal and fossil fuels, access to EU ports, road transportation, exportation bans, as…

The Kazakh government has plans for the trial of a pilot project relating to exchange platforms in the Astana International Financial Center (AIFC).  As a result, crypto exchanges in Kazakhstan could operate under more legal protection if the test pilot is successful. Working alongside local banks and governmental bodies these platforms will be able to offer their services beneath the AIFC. Former Kazakh President Nursultan Nazarbayev proposed the creation of the center in 2015. The idea behind this was to…

On Wednesday, Washington state Governor Jay Inslee signed off on a new crypto-positive law.  The law details plans to see blockchain technology further incorporated into the state’s financial sector. Open to New Developments The bill first appeared before the senate in 2019 when Republican Senator Sharon Brown submitted the original proposal. Supported by the WTIA, the proposal was crafted to help establish Washington as a significant leader in blockchain tech. In  the past years, WTIA and Senator Sharon remain the…

Some of Canada’s biggest crypto advocates have founded a non-profit organization to help with crypto regulation in the country. The formation of a crypto-positive non-profit comes on the back of the government's seizure of some crypto assets donated to the protests. Web3 Council to Work with the Government Canada’s newest crypto non-profit is dubbed the Canadian Web3 Council. The term Web3 describes the next phase of the evolution of the internet. This coming stage is integrated with blockchain technology and…

Working with Mastercard, Australia-based crypto exchange BTC Markets is providing its users with a new range of payment options. Creating a Crypto Ecosystem Post-partnership, the crypto platform will enable customers to purchase their digital assets using direct debit, prepaid, or credit cards. In the past, the exchange only supported payment via bank transfer. However, as CEO Catherine Bowler pointed out, the crypto industry is always evolving, and staying on top of developments is essential. Bowler noted that crypto users are…

The Japanese government is ready to amend its foreign exchange policy. This move is part of global efforts to bar Russia from avoiding financial restrictions via crypto. Japan to Block all Loopholes Japan is not the first nation to revise its laws in the aftermath of Moscow’s invasion of Ukraine. The Russian Federation is reportedly leveraging digital assets as escape routes to ameliorate the effect of Western sanctions. Due to this, nations like Japan world have begun reviewing crypto regulation…

Members of the European Parliament are preparing for a historical vote the coming week. This event could mean the end of anonymous crypto transactions. EU Could Enforce Several Restrictions According to new reports, EU legislators could block transfers to flagged jurisdictions and enforce ID  check on all crypto transactions. Urged on by Russia’s increased focus on crypto to evade financial restrictions, lawmakers worldwide are reviewing regulations with renewed intensity. The European Union has not fallen behind in this global movement.…

Moving forward with its plans for expansion within the metaverse, Facebook’s parent company Meta filed 8 pertinent trademark applications with the United States Patent and Trademark office. Meta’s Trademark Applications Cover a Lot Meta’s latest trademark filings prepare for multiple scenarios of crypto-related services and products. Most of the company's applications connect its logo to products and services within the crypto industry, as well as the metaverse, and the digital sphere at large. Trademark attorney Mike Kondoudis provided a breakdown…