Cryptocurrency

Fraud, Scams & Cybercrime

US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years

By Editors | 14/09/2023

OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.

Cryptocurrency

EU Parliament Approves Crypto Tax Reporting Rules

By Mark Johnston | 14/09/2023

The rule, known as DAC8, aligns with the OECD’s crypto-asset reporting framework and will take effect on 1 January 2026.

Cryptocurrency

India’s Crypto Market Booms Despite Regulatory Challenges – Chainalysis

By Jill Wong | 12/09/2023

The global crypto adoption index seeks to rank markets based on the people’s share of wealth put into cryptocurrencies.

Cryptocurrency

G20 Endorses Crypto Regulatory Roadmap, India Unlikely to Impose Ban

By Manesh Samtani | 12/09/2023

The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.

Cryptocurrency

CFTC Commissioner Urges Creation of Crypto Regulatory Sandbox

By Manesh Samtani | 10/09/2023

CFTC commissioner Caroline Pham said creating a pilot programme will enable the safe exploration of innovations involving crypto, digital assets, and tokenisation.

Cryptocurrency

UK FCA Issues Guidance on New Crypto Advertising Rules

By Manesh Samtani | 10/09/2023

The FCA is “concerned” about crypto firms that have not engaged with it on the new advertising rules, which come into force next month.

Fraud, Scams & Cybercrime

Turkish Court Sentences Crypto Founder to 11,000 Year Jail Term

By Mark Johnston | 08/09/2023

The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.

DeFi & Web3

IOSCO Proposes Global Approach to Address DeFi Risks

By Manesh Samtani | 08/09/2023

The recommendations are predicated on the need to identify “responsible persons”, regardless of the operating model of the DeFi arrangement.

Cryptocurrency

FSB, IMF Publish Global Regulatory Roadmap for Crypto

By Manesh Samtani | 08/09/2023

The joint report says comprehensive regulatory and supervisory oversight of crypto-assets should be a baseline to address macroeconomic and financial stability risks.