Law

IRS Seized $3.5 Billion in Crypto This Year, Expects Further Billions

Source Node: https://beincrypto.com/irs-seized-3-5-billion-in-crypto-this-year-expects-further-billions/
Time Stamp: November 19, 2021 6:00 AM - Modified On: November 19, 2021 - Published By:
Source Cluster:
Republished By Plato

The United States Internal Revenue Service (IRS) seized cryptocurrency worth $3.5 billion during the fiscal year of 2021.Sponsored Sponsored According to the latest IRS criminal investigation report, this figure represents 93% of assets seized by tax enforcement over the past year. The tax collection agency believes that it could seize further billions in crypto from tax fraud and other crimes over the coming year.Sponsored Sponsored “I expect a trend of crypto seizures to continue as we move forward into fiscal year ‘22,” said IRS Criminal Investigation Chief Jim Lee. “We’re

Israel adds more teeth to crypto and money laundering regulations

Source Node: https://bitcoinerx.com/blockchain/israel-adds-more-teeth-to-crypto-and-money-laundering-regulations/
Time Stamp: November 18, 2021 4:21 AM - Modified On: November 18, 2021 - Published By:
Source Cluster:
Republished By Plato

In its campaign against cryptocurrency fraud, Israel is upping the ante. New legislation has gone into action to prevent illegal behavior and normalize the use of bitcoin and other FinTech products, according to the Authority for Combating Terrorism Financing and Money Laundering’s director.  The execution of these regulations, as stated by the leader, Shlomit Wegman, will help to establish order and clear norms. New restrictions and benefits The regulations are a direct result of the Financial Action Task Force’s 2018 requirements. The Financial Action Task Force (FATF) is made up

Israel Beefing Up Crypto and Money Laundering Regulations

Source Node:
Time Stamp: November 17, 2021 1:14 AM - Modified On: November 17, 2021 - Published By:
Source Cluster:
Republished By Plato

Israel’s Authority for Combating Terror Financing and Money Laundering has announced a tightening of regulations applying to the crypto and Fintech sectors.Sponsored Sponsored Israel is upping the ante in its fight against cryptocurrency crime. The Authority for Combating Terror Financing and Money Laundering announced via the authority director that new regulations have come into effect to combat criminal activity and normalize the use of cryptocurrency and other FinTech products. According to authority director Shlomit Wegman, the application of these regulations will help to establish order and clear standards.  The regulations

Krypto News: Bitcoin, Ethereum, Cardano, Solana crashen nach China FUD

Source Node: https://de.beincrypto.com/krypto-news-ethereum-cardano-solana-crashen-nach-china-fud/
Time Stamp: November 16, 2021 11:01 AM - Modified On: November 16, 2021 - Published By:
Source Cluster:
Republished By Plato

Heute sind die meisten Altcoins zusammen mit dem Bitcoin Kurs eingestürzt. Was sind die Gründe für den Crash? Sehen wir bald eine Erholung?Gesponsert Gesponsert Laut Coingecko sind die Kurse fast aller Top 100 Krypto-Währungen wie z.B. der Cardano, Solana und auch Ethereum Kurs zusammen mit dem Bitcoin Kurs ca. 10% gefallen. Der XRP, Polkadot, Dogecoin und Shiba Inu Coin – die nächstgrößten Kryptowährungen (gemessen an der Marktkapitalisierung) sind, um 9,8%, 13,2%, 9,1% und 9,8% gefallen. Werden die Kurse der Coins weiter fallen? Was sind die Gründe für den Crash? Top

Crypto Valley Roundup – Fall 2021

Source Node: https://beincrypto.com/crypto-valley-roundup-fall-2021/
Time Stamp: November 15, 2021 3:31 PM - Modified On: November 15, 2021 - Published By:
Source Cluster:
Republished By Plato

The Crypto Valley is known to be one of the most “crypto-friendly” regions in the world. But what specifically is happening within the Blockchain ecosystem? The “Crypto Valley Roundup” aims to provide insight and highlights from selected events every two months.Sponsored Sponsored With the first Blockchain companies settling in the area of Zug from 2013 onwards, the term “Crypto Valley” was soon born in reference to the “Silicon Valley”. Thanks to politics and regulation, Switzerland was able to create the necessary legal certainty for a flourishing ecosystem around Blockchain and

U.S. Treasury Department & Israel Form Joint Venture to Combat Cyber Crime

Source Node: https://beincrypto.com/u-s-treasury-department-israel-form-joint-venture-to-combat-cyber-crime/
Time Stamp: November 15, 2021 2:37 PM - Modified On: November 15, 2021 - Published By:
Source Cluster:
Republished By Plato

The U.S. and Israel join forces to combat the growing threat of ransomware attacks that often leave fiscal destruction in their wake for the affected victims.Sponsored Sponsored The U.S. Treasury Department is joining forces with Israel to combat the threat of ransomware. The U.S. Deputy Treasury Secretary met with two Israeli officials, the Minister of Finance and the National Cyber Directorate Director-General, to formalize the joint venture launch. The venture seeks to oversee “the development of risk mitigation tools for law enforcement to enhance the efficiency of analytical and enforcement

🔴 A Major Bitcoin Upgrade Activated | This Week in Crypto – Nov 15, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-nov-15-2021/
Time Stamp: November 15, 2021 1:00 AM - Modified On: November 15, 2021 - Published By:
Source Cluster:
Republished By Plato

 Apple’s CEO reveals he owns crypto, Twitter establishes a crypto department and bitcoin gets a major upgrade. These stories and more this week in crypto. The value of the total crypto market topped above $3 trillion this week with Bitcoin reaching $69000 and Ethereum going over the $4800 mark. Prices rose after the US Bureau of Labor Statistics released its October inflation figures which reflected the steepest monthly rise in 30 years, and investors are looking to cryptocurrencies as a hedge against inflation. Tim Cook—the CEO of Apple—revealed that

Brazilian Federal Deputy Proposes Crypto Payment Option for Workers

Source Node: https://coingape.com/brazilian-federal-deputy-proposes-crypto-payment-option-workers/
Time Stamp: November 7, 2021 3:32 AM - Modified On: November 7, 2021 - Published By:
Source Cluster:
Republished By Plato

Brazilian Federal Deputy and congressman Luizão Goulart, has proposed a bill to make crypto a legal form of payment for workers in the public and private sector. Brazilian Federal Deputy Seeking to Legalize Crypto Remunerations Goulart’s proposal is looking to establish a new law that will allow all Brazilian workers to have an option to request their wages and salaries from their employers, in cryptocurrencies. But the bill warrants crypto payments to be made only after a mutual agreement has been reached between the workers and the employer. The translated version

Russian Crypto Businessman Arrested in Netherlands, Moscow Confirms

Source Node: https://coingape.com/russian-crypto-businessman-arrested-netherlands-moscow-confirms/
Time Stamp: November 7, 2021 2:08 AM - Modified On: November 7, 2021 - Published By:
Source Cluster:
Republished By Plato

A Russian crypto businessman has been arrested by authorities in the Netherlands, according to the Foreign Ministry in Moscow. The long arm of the law caught up with the man — who is directly linked with the founding of two crypto exchange platforms, after he was apprehended earlier this month, although reportedly on the request of U.S. law enforcement. Russian Crypto Businessman Detained in Holland According to a report by Forkleg news which quoted a certain Maria Zakharova of the Ministry of Foreign Affairs of Russia, Denis Dubnikov, co-founder of

Powers On… Don’t worry, Bitcoin’s adoption will not be stopped

Source Node: https://cointelegraph.com/magazine/2021/09/30/powers-on-bitcoins-adoption-will-not-be-stopped
Time Stamp: September 30, 2021 9:08 AM - Modified On: September 30, 2021 - Published By:
Source Cluster:
Republished By Plato

In a series of  recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches