Tag crypto regulation
EU Parliament Passes Anti-Money Laundering Bill, Spotlights Crypto Services
Key Takeaways The European Parliament has passed new regulations aimed at combating anti-money laundering (AML) measures, including provisions targeting crypto exchanges. The legislation, which received approval on April 24, formalises due diligence requirements for crypto companies as part of the…
Manitoba In Canada Suspends New Electricity Requests for Crypto Operations Until 2026
Key Takeaways Manitoba, a Canadian province, has extended its moratorium on new requests for electrical service for cryptocurrency operations until April 30, 2026. This extension follows the initial pause imposed in November 2022 due to concerns about the strain cryptocurrency…
ASIC Targets Unlicensed Blockchain Firms, Court Grants $40 Mln Crypto Transfer
Key Takeaways In a recent development, the Australian Securities and Investments Commission (ASIC) has taken decisive action against NGS companies and their directors. Brett Mendham, Ryan Brown, and Mark Ten Caten now face legal proceedings for allegedly enticing local investors…
US Treasury Official Proposes Measures for Enhanced Crypto Crime Prevention
Paraguay Mulls Temporary Crypto Mining Ban Over Power Strain Concerns
Key Takeaways Paraguay lawmakers have proposed a bill to temporarily ban crypto mining and related activities in the South American nation, citing concerns over illegal mining operations draining power and causing disruptions to the electricity supply. The bill, introduced by…