Global CryptoReg Roundup #004
cryptocurrency·@bubbleboy·
0.000 HBDGlobal CryptoReg Roundup #004
 -------------- The **Global CryptoReg Roundup** is a weekly digest of crypto-focused political, regulatory, and legal news from across the globe. No frills or needless exposition. Just the facts (ma'am).... -------------- -------------- --------------  -------------- -------------- ------------- ### Marshall Islands -------------- * Marshall Islands [developing sovereign cryptocurrency](https://www.calcalistech.com/ctech/articles/0,7340,L-3732995,00.html). ------------- ### Australia -------------- * Taxation Office declares it will [utilize new AML laws to investigate crypto investor tax cheats](https://www.theaustralian.com.au/national-affairs/treasury/tax-blitz-to-hit-bitcoin-investors/news-story/eae1d8b15e19b3e8e8034dd834cc855b). -------------- --------------  ------------- ### Japan -------------- * The Financial Service Agency is considering [implementation of regulations on ICOs](https://www.coindesk.com/japans-finance-watchdog-eyeing-ico-regulation-says-report/). * Additional 132 investors [join the class action lawsuit against Coincheck in aftermath of NEM hack](https://www.pymnts.com/blockchain/2018/coincheck-cryptocurrency-exchange-hack/). * Crypto exchange industry association [officially announces formation, to ask government recognition as approved regulatory body](https://dcebrief.com/japanese-crypto-exchanges-to-create-industry-body-for-self-regulation/). -------------- ### North Korea -------------- * Former NSA official: DPRK is believed to have [obtained at least 11,000 bitcoin through mining and hacking in 2017](https://news.bitcoin.com/north-korea-obtained-11000-bitcoins-2017-expert-says/). -------------- ### China -------------- * Regulators planning to [investigate bank and financial payment accounts of those suspected of trading crypto via offshore venues](https://www.bloomberg.com/news/articles/2018-02-27/china-is-said-to-crack-down-on-cryptocurrency-trading-loophole). * China targeting [chat groups as part of larger crypto crackdown](https://www.fxstreet.com/news/china-now-targeting-cryptocurrency-chat-groups-new-regulations-are-on-the-way-201803011327). -------------- ### Malaysia -------------- * New crypto regulations [go into effect, mandating exchanges follow KYC/indentification rules](https://news.bitcoin.com/new-malaysian-cryptocurrency-regulation-come-into-effect/). -------------- ### Thailand -------------- * TDAX exchange [halts ICO registrations until the Thai SEC releases regulatory framework](https://cointelegraph.com/news/thai-crypto-exchange-pauses-ico-registrations-awaits-release-of-regulatory-framework). -------------- ### Singapore -------------- * Central bank examining [whether more regulation is necessary](https://cointelegraph.com/news/singapore-central-bank-assessing-need-for-more-cryptocurrency-regulation). -------------- ### India -------------- * Two widely-used crypto exchanges [suspend all trading amid regulatory pressures](http://www.livebitcoinnews.com/two-popular-cryptocurrency-exchanges-india-suspend-trading/). -------------- ### Uzbekistan -------------- * The President of Uzbekistan [decreed that government ministries should draft a law legalizing crypto by the end of September](https://ambcrypto.com/uzbekistan-pass-law-legalize-bitcoin-cryptocurrencies/). -------------- ### Russia -------------- * Court rules that cryptocurrency [can’t be seized as payment to bankruptcy debtors](https://cointelegraph.com/news/moscow-court-rules-crypto-assets-cannot-be-seized-for-debt-payment). * Tax exemption [proposed for all profits from crypto mining](https://news.bitcoin.com/crypto-tax-breaks-proposed-officials-russia/). * Saint Petersburg court [struck down a bank on 40 bitcoin-related informational sites](https://news.bitcoin.com/court-strikes-ban-40-bitcoin-sites-russia/). * Ministry of Telecom and Mass Communication [proposes setting up fiat exchange for miners](https://news.bitcoin.com/russian-ministry-offers-set-crypto-exchange-miners/). -------------- ### Iran -------------- * Iran’s Information Minister announces that it is working to [develop its own cryptocurrency](https://www.cnbc.com/2018/02/22/iran-becomes-latest-rogue-state-to-develop-its-own-cryptocurrency.html). -------------- ### Israel -------------- * Israeli Supreme Court: [banks are prohibited from limiting accounts associated with the crypto industry](https://cointelegraph.com/news/israeli-supreme-court-prohibits-banks-from-restricting-crypto-activity-in-landmark-decision). -------------- --------------  -------------- ### Kenya -------------- * Kenya is setting up task force to [evaluate blockchain tech advantages & risks](https://ambcrypto.com/kenyan-government-embraces-blockchain-technology/). -------------- ### South Africa -------------- * Alleged scam at BTC Global [results in $50 million in losses, primarily for South African investors](https://www.timeslive.co.za/news/south-africa/2018-03-01-50-million-crytocurrency-scam-cripples-south-african-investors/). -------------- ### Nigeria -------------- * Central Bank again reaffirms that crypto currencies and exchanges [are not licensed or regulated, and that citizens should be wary](https://economicconfidential.com/business/cbn-warns-virtual-currencies/). -------------- --------------  -------------- ### European Union -------------- * EU financial services chief: [EU may move ahead on crypto regs if global bodies do not](https://www.reuters.com/article/us-crypto-currencies-eu/eu-says-stands-ready-to-regulate-crypto-currencies-idUSKCN1GA1Q3). ------------- ### Germany -------------- * Finance Ministry Report [addresses taxable events for bitcoin transaction and miners](https://btcmanager.com/bitcoin-transactions-treated-legal-tender-tax-purposes-germany/). ------------- ### Liechtenstein -------------- * Bank Frick & Co. [becomes first financial institution in Liechtenstein to allow direct investments in crypto](https://globenewswire.com/news-release/2018/03/01/1409465/0/en/Net1-s-affiliate-Bank-Frick-now-permits-direct-investments-in-leading-crypto-currencies.html). -------------- ### Belgium -------------- * Multiple investigations of crypto traders [underway by Special Tax Inspectorate](https://news.bitcoin.com/belgian-tax-authority-going-crypto-investors/). -------------- ### United Kingdom -------------- * UK poised to regulate crypto in a way that will be [“advantageous to all stakeholders”](https://btcmanager.com/uk-government-set-create-favorable-crypto-regulations/). * Labour Shadow Home Secretary: [Bitcoin is “a gigantic Ponzi scheme” used to fund terror](http://m.huffingtonpost.co.uk/entry/diane-abbott-bitcoin_uk_5a981eace4b07dffeb708b94). * BOE head [calls for crypto regulations](https://sg.finance.yahoo.com/news/bitcoin-rises-boe-calls-cryptocurrency-161200167.html). -------------- ### Iceland -------------- * A 100% renewable energy [crypto mining facility planned for Iceland](https://www.inverse.com/article/41753-iceland-crypto-mining-center). -------------- --------------  -------------- -------------- ### Canada -------------- * TD Bank becomes the latest financial institution to [ban crypto purchases via credit card](https://cointelegraph.com/news/canada-td-bank-bans-credit-card-purchases-of-crypto-following-global-trend). * Crypto scams were the [#5 financial crime in Canada last year](https://cryptovest.com/news/crypto-scams-emerge-as-canadas-5-money-crime-in-2017/). -------------- ### United States -------------- * SEC [subpoenas issuers of ICOs, SAFTs](https://www.newsbtc.com/2018/03/01/sec-subpoenas-crypto-industry-route-fraud/) including [TechCrunch founder](https://www.cnbc.com/2018/03/02/sec-subpoenas-techcrunch-founders-cryptofund-amid-broader-investigation-into-digital-coins.html), and is conducting a [review of Overstock’s tZero ICO](https://btcmanager.com/overstocks-tzero-facing-sec-review-250-million-ico-february/). * SEC head predicts [more crypto enforcement actions if industry players don’t change their behavior](https://www.forbes.com/sites/tedknutson/2018/02/25/investigations-pick-up-as-cryptocurrency-worries-permeate-sec/#5fe5ff1b31a4). * Coinbase to [turn over account info of 13,000 users to IRS](https://www.marketwatch.com/story/bitcoin-exchange-coinbase-is-handing-over-user-information-to-the-irs-2018-02-27). * CFTC head [allows employees to trade crypto](https://www.bloomberg.com/news/articles/2018-02-28/bitcoin-futures-regulator-clears-employees-to-trade-crypto-coins). * California legislator [introduces bill to legalize blockchain-based contracts, electronic records, and electronic signatures](https://www.legalgamblingandthelaw.com/news/california-georgia-joins-wyoming-to-introduce-crypto-regulation-bill/). * The city of Berkeley, CA is [developing a plan to turn municipal bonds into digital currency](https://www.sfchronicle.com/bayarea/article/Berkeley-s-plan-to-make-its-own-cryptocurrency-12705057.php). * Man who claimed to be Satoshi Nakomoto [sued for stealing $5 billion from dead business partner](https://www.cnbc.com/2018/02/27/bitcoin-creator-craig-wright-accused-of-stealing-cryptocurrency-from-colleague.html). * New York state senators hold a [roundtable with industry leaders on reforming state’s BitLicense system](https://statescoop.com/bitlicense-roundtable-convenes-in-new-york-as-senators-consider-overhaul). -------------- ### Mexico -------------- * Crypto regulation bill [passes Chamber of Deputies, awaits signature by President Nieto](https://www.coindesk.com/mexican-lawmakers-pass-cryptocurrency-regulation-bill/). -------------- --------------  -------------- ### Trinidad & Tobago -------------- * T&T Securities and Exchange Commission issues [warning to investors that no regulatory protections are in place for ICOs](http://www.guardian.co.tt/business/2018-02-25/ttsec-warns-no-regulation-place-icos). -------------- ### Venezuela -------------- * Venezuela may [limit the number of domestic crypto exchanges to just eight](https://www.coindesk.com/venezuela-may-move-limit-new-crypto-exchange-launches/). -------------- --------------  -------------- -------------- * The Financial Action Task Force (FATF), an organization of 35 countries and EU, is working to [revise regulations on cryptocurrencies, focusing on AML and terrorist funding](https://ambcrypto.com/members-fatf-discuss-policies-regulate-bitcoin-cryptocurrencies/). -------------- --------------  -------------- -------------- * Indian police arrest man for setting up a [fake trading platform](https://insidebitcoins.com/news/indian-police-arrest-man-operating-ponzi-schemes-exploiting-cryptocurrency/108658). * Waltonchain comes under fire after [apparent rigged giveaway is revealed](https://cryptoslate.com/waltonchain-price-plummets-amidst-accusations-rigged-valentines-giveaway-scam/). --------------  -------------- -------------- * CoinDash announced that a [hacker returned approx. 30,000 ETH tokens, valued at $26 million](http://blocktribune.com/crypto-hacker-returns-20000-ethereum-coindash/). * Hackers steal 18.7 BAR tokens, [force a fork of Titanium blockchain](https://cryptovest.com/news/titanium-blockchain-forced-to-fork-after-hackers-make-off-with-187-million-bar-tokens/). * rTorrent client misconfigruation vulnerability [exploited to mine Monero](https://www.hackread.com/rtorrent-client-exploited-to-mine-monero-cryptocurrency/). * Analyst: NEM (XEM) coins stolen from Japanese exchange Coincheck [traced to Vancouver-based exchange](https://www.bloomberg.com/news/articles/2018-03-02/stolen-coincheck-cryptocurrency-traced-to-canada-researcher). ---------------- ---------------- <center> *Thoughts, comments, and corrections are always appreciated. Cheers!* </center> -------------- --------- ## <center>|| @bubbleboy ||</center> -------- <center> **Protect your crypto assets with a [Ledger Nano S](http://amzn.to/2F09GEX) or [Trezor](http://amzn.to/2EoGIBw)**</center> -------- -------- <center></center> <center>[](www.steemit.com/@appreciator) <sub>Animated Banner Created By @zord189</sub></center>
👍 bubbleboy, davidfnck, khanrony, yogacoach, egbujorvictor, ryacha21, kryptoblogger, wakeupjohnny, seer, appreciator, upme, postpromoter, rahulsingh25843, we1even, blessedman939, mdwakil, retoldname, sustainablyyours, troopaloop, buttcoins, veritasvav, shreyasgune, gamemusic, quotesbyharper, cryptowani, pi1000, rwedegis, ozoo, jasimg, ipromote, aileenvallar, resteemable, hursh, mpw, jjcali, upmyvote, gertex, dhruv123-2, yoonsg, on1x, andruto, mctiller, xiaoliang, panql1979, passive, ikrahch, zeartul, nazmul1996, cwen, jameszenartist, investwarrior, smarthamster72, msp-bidbot, thelovejunkie, onlyprofitbot, adriatik, aandebickel, mrswhale, clanbwarclan, jerseynash, fitnessnerd,