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Article by Steve Kaaru

Kazakhstan shuts down 13 illegal mining farms as energy shortage bites
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25 February, 2022

Kazakhstan shuts down 13 illegal mining farms as energy shortage bites

The Ministry of Energy cracked down on the 13 illegal mining farms, which it claimed had been using a lot...
Brazil: Senate bill seeks to legalize digital currencies
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25 February, 2022

Brazil: Senate bill seeks to legalize digital currencies

The bill has been in the works for three years and was unanimously approved by a Senate committee. It legally...
South Korea’s largest bank to launch a digital asset investment fund
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25 February, 2022

South Korea’s largest bank to launch a digital asset investment fund

Kookmin Bank plans to launch the exchange traded fund once there are regulations in place for such a product and...
Russian investors will have to take an exam to invest in digital assets
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24 February, 2022

Russian investors will have to take an exam to invest in digital assets

The Ministry of Finance submitted a new draft bill in parliament that will license exchanges, make Bitcoin a legal asset,...
Jamaica on track for Q1 CBDC rollout, central bank says
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24 February, 2022

Jamaica on track for Q1 CBDC rollout, central bank says

The Bank of Jamaica says that it’s seeking to add the number of banks doing onboarding, have the local currency...
China: Beware of scammers in the ‘deceptive’ metaverse, banking watchdog warns
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24 February, 2022

China: Beware of scammers in the ‘deceptive’ metaverse, banking watchdog warns

The watchdog warned about the various scams in the metaverse, including illegal fundraising for pump-and-dump tokens and overhyped virtual real...
India: Authorities arrest 11 in $5.3M Ethereum scam
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23 February, 2022

India: Authorities arrest 11 in $5.3M Ethereum scam

The authorities arrested the leaders of Ether Trade Asia, which lured investors to its Ether investment funds and then made...
Russian Finance Ministry introduces digital asset draft law despite central bank objection
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23 February, 2022

Russian Finance Ministry introduces digital asset draft law despite central bank objection

The Finance Ministry has opened a public feedback period until mid-March on a piece of legislation that will make Bitcoin...
Ukraine legalizes digital currencies as it prunes market regulators
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22 February, 2022

Ukraine legalizes digital currencies as it prunes market regulators

The Ukrainian parliament has passed a bill giving digital currencies legal status after months of debate and has also reduced...
US court orders Terraform Labs and CEO Do Kwon to comply with SEC subpoena
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22 February, 2022

US court orders Terraform Labs and CEO Do Kwon to comply with SEC subpoena

Do Kown had argued that the securities regulator doesn’t have jurisdiction over him as he is a Korean national and...
Singapore won’t regulate ‘speculative and risky’ NFTs
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22 February, 2022

Singapore won’t regulate ‘speculative and risky’ NFTs

Singapore’s central bank says that the sector is still nascent and rather than regulating it in its current form, it...
FCA concerned about Binance’s backdoor re-entry into UK payments network
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21 February, 2022

FCA concerned about Binance’s backdoor re-entry into UK payments network

Binance announced a partnership with Paysafe that once again gives it access to the U.K. payments network, having lost it...

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