Daily Archives: 20/05/2022

President of Panama refused to sign the cryptocurrency bill

Panama’s President Laurentino Cortiso has said he will not sign a bill to regulate cryptocurrencies in the country until it includes tougher anti-money laundering measures. In April, the Economic Affairs Committee of the National Assembly of Panama (AN) approved a bill to regulate digital assets. It aims to make it easier for cryptocurrency exchanges to obtain licenses to operate in Panama. If the bill goes into effect, the government will also use blockchain to transparently…

Media: South Korean regulator fined Terraform Labs $78 million

The South Korean tax authorities have set their sights on sinking Terraform Labs and its co-founder Do Kwon. Terraform Labs and its co-founder Do Kwon have been fined 100 billion won ($78 million) by South Korea’s National Tax Agency, according to a report published by local publication Naver, on charges of tax evasion. Earlier it was reported that the company attracted the attention of the supervisory authorities of South Korea amid the collapse of LUNA…