Tags : illegal

Regulation

Chinese province sounds fresh alarm on ‘illegal’ crypto schemes

China’s Hainan province issued a fresh warning about illegal crypto schemes yesterday, adding to what is an ongoing campaign against the growth of the industry in the region. Fresh round of crypto FUD Financial regulators, as per Reuters, in China’s southern Hainan region cautioned investors against illegal fundraising schemes involving cryptocurrency and blockchain. They used […]Read More

Bitcoin

Crypto bets via Bitcoin, Ethereum, XRP are fueling illegal gambling

The acceptance of top cryptocurrencies like Bitcoin, Ethereum, and XRP on gambling sites are part of the reason why illegal online gambling is rising in Asia, a report from the Asian Racing Federation (ARF) said earlier this week. Macau’s famed ‘junkets’—businesses that act as middlemen for Chinese high-rollers who make up half the city’s gambling […]Read More

Bitcoin

Bill Gates explains why he associates Bitcoin with tax avoidance

Billionaire Microsoft co-founder Bill Gates said he doesn’t hold Bitcoin, nor is he short against it. Instead, Gates claims he holds a neutral position as far as the leading cryptocurrency is concerned. However, his follow-on comments contradict his opening statement. While he’s all for the digitization of money, he believes Bitcoin encourages tax avoidance and […]Read More

Regulation

XRP falls further 33% as Ripple slammed by US SEC

XRP holders in Asia woke up to a red morning as the US Securities and Exchange Commission officially filed a charge sheet against Ripple, one day after CEO Brad Garlinghouse leaked the news on social media. SEC charges Ripple and two executives with conducting $1.3 billion unregistered securities offering https://t.co/3VP23RpSyV — SEC_News (@SEC_News) December 22, 2020 […]Read More