China tightens crypto trade oversight with new Forex rules
China’s new forex rules require Chinese banks to track identity, fund sources, and trading frequencies to curb cross-border crypto activities. Go to Source
crypto transactions
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Blockchain Association sues IRS over crypto broker rules
The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act. Go to Source
Bolivia reports 100% rise in virtual asset trading since lifting Bitcoin ban
The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets. Go to Source
Saudi Arabia Leads MENA in Crypto Growth for Second Year Running
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth … Read more
Nigeria Accuses Four Crypto Traders of Forex Regulations Violations
The Nigerian government has filed criminal charges against four individuals and several firms for allegedly conducting illegal crypto transactions, including USDT to naira conversions, without a banking license. The four are Ejiogu A. Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley, and Chukwuebuka F. Ogumba. The defendants are accused of violating the Banks and Other Financial … Read more
Gavin Wood’s biggest hope: Free crypto transactions and Web3 tech worldwide
We need to “divorce Ethereum from Ether” to onboard the six billion Web2 users, Wood told Cointelegraph during an exclusive. Go to Source
Unstoppable Domains to let farmers accept crypto with new Web3 domain
The new top-level domain “.farms” will play a role in Farmsent’s blockchain-based marketplace dedicated to farmers. Go to Source
Whale continues $154M dumping spree with 5K ETH deposit to OKX
Lookonchain wrote that the whale bought 1 million tokens during the Ethereum initial coin offering. Go to Source
Visa and Wirex Partner to Bring Seamless Crypto Payments to Millions of Merchants Globally
Wirex and Visa have partnered to launch Wirex Pay, aiming to bring seamless crypto payments to millions of merchants worldwide, enhancing accessibility and convenience. “This partnership is set to revolutionize the way we use digital assets,” said Wirex Pay, emphasizing that Wirex and Visa are teaming up to “drive innovation in web3 payments.” Wirex and … Read more
Chainalysis: $100 Billion in Illicit Crypto Funds Traced Since 2019
Crypto analytics firm Chainalysis has previewed an in-depth report on money laundering within the crypto space, providing insights into tracing illicit funds and advanced identification techniques. The firm discovered that since 2019, nearly $100 billion has been transferred from known illicit wallets to conversion services. The report underscores the need for broad expertise among law … Read more
