Two Turkish Imams Fired for Allegedly Investing in Bitcoin

Two Turkish imams have been fired for possessing bitcoin investments, according to local media reports. Turkey’s religious authorities determined that bitcoin is “not compatible with Islam” in November 2017. Also Read: Bitcoin Mining Training Coming to 30 Cities in India Two Imams Fired for Owning Bitcoin It has been reported that two religious officials in Zonguldak, … Read more

G20 Argentina Ends With No New Cryptocurrency Regulation

Nations forming the Group of 20 (G20) summit in Argentina this week issued Comunicado oficial de la primera reunión de ministros de Hacienda y presidentes de Bancos Centrales del G20, or first communication from the world’s central bankers concerning their work. The two page document is crammed with statements, and on the final page bankers … Read more

Report Shows Egypt is Covertly Mining Cryptocurrency on Citizens’ Computers

The Egyptian government has been called out in a new report that suggests they are not only spying on and censoring their citizens’ internet but also using them to mine cryptocurrency.  Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Government Mining Cryptocurrency Covertly The Citizen Lab, an interdisciplinary laboratory at the University … Read more

Hackers Target 400,000 Computers with Mining Malware

More than 400,000 personal computers have been attacked in a large-scale attempt to distribute cryptocurrency mining malware. The hackers used sophisticated trojans to infect PCs mostly in Russia, but also in Turkey, Ukraine, and other countries. The coordinated assault lasted more than 12 hours. Also read: New Monero Mining Malware Sends Proceeds to Kim Il … Read more

35 Countries, EU and FATF Agree to Revise Global Cryptocurrency Standards

Thirty-five countries and the European Commission have asked the Financial Action Task Force (FATF), responsible for setting global anti-money laundering (AML) policies, to revise its standards relating to cryptocurrencies. The organization promised to present its revised AML countermeasures for cryptocurrencies at the upcoming G20 meeting of finance ministers. Also read: Indians Look to Buy Bitcoin Overseas … Read more

Turkish Minister Proposes National Cryptocurrency

The deputy chair of Turkey’s Nationalist Movement Party (MHP), Ahmet Kenan Tanrikulu, has written a 22-page report seeking to highlight the regulatory vacuum that presently exists in Turkey pertaining to cryptocurrencies. The report also makes a number of policy recommendations for the development of a regulatory framework for virtual currencies, including advocating that Turkey develop … Read more