Pakistan investigates $100 million crypto scam

    Pakistan’s Federal Investigation Agency (FIA) has uncovered a cryptocurrency investment scam that allegedly cost Pakistani citizens about 17.7 billion rupees (about $100 million). Over the last month, many people in Pakistan complained to the FIA against at least 11 mobile applications which had stopped working over some time and allegedly defrauded their money. The notice…

    Crypto in 2022: 5 predictions for Bitcoin, NFTs and the future of money

    CNET’s experts reveal where cryptocurrency is headed in 2022. This story is part of The Year Ahead, CNET’s look at how the world will continue to evolve starting in 2022 and beyond. Cryptocurrency made many of the strangest headlines of 2021. Boosters touted digital currencies as a world-changing technology with the potential to create new…

    Indian authorities raid cryptocurrency exchanges over alleged tax evasion

    On Saturday, Central Goods and Services Tax (CGST) Mumbai Zone detected massive evasion of around 700 million rupees during the crackdown on cryptocurrency service provider – WazirX. A local media report has confirmed that major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion. According to NTDV, the director-general GST…

    Gibraltar is poised to become the world’s cryptocurrency hub

    The British overseas territory, Gibraltar, that was once perceived as a tax haven, might be making The British overseas territory, Gibraltar, that was once perceived as a tax haven, might be making history soon by becoming the world’s first global hub for cryptocurrency trading. According to The Guardian, the territory is reviewing a proposal to…

    Crypto in 2021: 5 cases of governments embracing digital assets

    While 2021 surely saw a few regulatory setbacks, some governments delivered masterclasses in forward-looking crypto regulation. Helen Partz collected some prominent cases on Cointelegraph.   As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments. In addition to Bitcoin crossing…

    Not only China: Over 50 countries issued bans on crypto to date

    Over 50 countries have banned cryptocurrencies, according to a report from the Global Legal Research Directorate of the Law Library of Congress. The November report served as an update to research published in 2018, found the number of countries banning crypto “increased significantly” since the research first came out in 2018. Since 2018, “the number…