Tag: Countries

How 5 Asian Countries Regulate Cryptocurrency

How 5 Asian Countries Regulate Cryptocurrency The Financial Stability Board has detailed how its member countries regulate crypto assets, who the regulators are, and the scope of their oversight. Most countries have more than one government body monitoring and regulating different aspects of crypto activities. Among the board’s Asian member […]

35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks

35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks The Financial Action Task Force has finalized its requirements for the supervision and monitoring of cryptocurrency service providers. The inter-governmental body has reportedly urged all of its 35 member countries to regulate crypto exchanges in the same manner they regulate […]

Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries

Big Banks Money Laundering: UBS Fined .2 Billion, Danske Shuts Down in 4 Countries Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$ 4.2 billion) for money laundering. Amid a $ 226 billion scandal, […]

Iran in Talks With 8 Countries for Use of Cryptocurrency in Financial Transactions

Iran in Talks With 8 Countries for Use of Cryptocurrency in Financial Transactions Iran is exploring various options, including holding negotiations with other countries to introduce cryptocurrency in global trade, as the Islamic state moves to sidestep U.S. economic sanctions. Mohammad-Reza Modoudi, the acting head of Iran’s Trade Promotion Organization […]

Crypto Experts From Sanctioned Countries to Receive Training in Crimea

Crypto Experts From Sanctioned Countries to Receive Training in Crimea The leading crypto industry association in Crimea has proposed establishing an international training center to prepare experts from countries that have been placed under western sanctions. The idea is to use advanced technologies associated with cryptocurrencies to attract foreign investors […]

Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common Cryptocurrency

Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common Cryptocurrency Muslim countries around the world are planning to push back against the U.S. dollar’s long global dominance by creating a common digital currency for use in Islamic states. The dollar has evolved into a “sanctioning tool,” charged Erol Yarar, chairman […]

Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Chechnya to Create Mining Pool for Eurasian Economic Union Countries Chechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Also read: 160 Crypto […]

South Korea Urges 14 Countries to Create International Discipline System for Crypto

South Korea Urges 14 Countries to Create International Discipline System for Crypto At an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings. The Korean government also outlined […]