US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business – Regulation Bitcoin News

[ad_1] A California man has been sentenced to three years in federal prison “for operating an unlicensed business that exchanged at least $13 million in bitcoin and cash, often for drug traffickers,” the U.S. Department of Justice said. He agreed to forfeit various assets, including seized cryptocurrency. Bitcoin Exchange Operator Sentenced to 3 Years in… Continue reading US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business – Regulation Bitcoin News

Published
Categorized as Regulation

Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer – Regulation Bitcoin News

[ad_1] The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv but the government wants the legislation passed before the parliament’s summer break. Draft… Continue reading Revised Bill ‘On Virtual Assets’ Aims to Regulate Ukraine’s Crypto Space This Summer – Regulation Bitcoin News

Published
Categorized as Regulation

Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub – Regulation Bitcoin News

[ad_1] A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender. Paraguay Wants to Be Global Hub for Crypto Investors Following El Salvador passing a bill… Continue reading Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub – Regulation Bitcoin News

Published
Categorized as Regulation

Regulators Claim $70 Billion in Crypto Passed Through ‘Blockchain Island’ – Regulation Bitcoin News

[ad_1] The island country of Malta in the Mediterranean Sea has been known to be friendly toward cryptocurrency solutions and blockchain technology for years now. According to a regional report, government sources say more than $70 billion moved through the country over past years while regulations were lax. Furthermore, the Financial Action Task Force (FATF)… Continue reading Regulators Claim $70 Billion in Crypto Passed Through ‘Blockchain Island’ – Regulation Bitcoin News

Published
Categorized as Regulation