The Securities Commission of Thailand (SEC) announced that it has opened a criminal case against the cryptocurrency exchange Binance on charges of illegal financial transactions. Several regulators are already investigating the activities of the largest cryptocurrency exchange, but the step taken by the SEC of Thailand has become the most serious – regulators of other countries are limited to only warnings. The SEC said in a statement that the regulator sent a letter to the

The Cayman Islands Monetary Authority (CIMA) said that the Binance cryptocurrency exchange is not licensed and licensed to operate in the country. According to media reports, the trading floor is registered in the Cayman Islands. However, CIMA said the exchange is not licensed to trade cryptocurrencies on these islands or within the British Overseas Territories. According to the department, Binance, Binance Group and Binance Holdings Limited are not under the control of CIMA. Therefore, the

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The Verkhovna Rada of Ukraine adopted in the second reading the Law “On Payment Services”, which gives the Central Bank of the country the right to issue state cryptocurrency, which is recognized as legal tender. On Wednesday, June 30, the majority of deputies of the Verkhovna Rada of Ukraine voted for bill No. 4364. After the law comes into force, complex changes will take place on the payment market of Ukraine. The new law contains

President of Kazakhstan Kassym-Jomart Tokayev signed a law providing for the introduction of an additional tax on electricity for miners working in the country. The law will come into force in January 2022. Due to the ban on mining in China, a large number of Chinese miners have been moving to Kazakhstan in recent months. Kazakhstan has previously been one of the main directions for the extraction of bitcoin. According to the Cambridge Bitcoin Electricity

New York Digital Investments Group (NYDIG) and payments firm NCR have announced a partnership that will bring about 650 banks in the United States to offer their customers the option to buy bitcoin. Digital asset management firm NYDIG is a subsidiary of Stone Ridge Asset Management. The agreement between NYDIG and NCR will allow American banks and credit cooperatives to offer cryptocurrency trading to their clients, which total about 24 million people across the country.

The Financial Crimes Enforcement Network of the United States (FinCEN) has identified the fight against illegal activities related to cryptocurrencies among the agency’s key priorities. In the first list of national priorities, FinCEN identified eight key areas: corruption, cybercrime and related aspects of cryptoasset-related illegal activities, including terrorist financing, fraud, transnational criminal organizations, drug trafficking, human trafficking and financing the proliferation of weapons of mass destruction. So far, the agency’s priority list is not linked

The Monetary Authority of Singapore (MAS) and the International Monetary Fund (IMF) have launched a competition to tackle twelve problems related to government cryptocurrencies. The regulator of Singapore has teamed up with the International Monetary Fund, the World Bank and other organizations to launch a competition in which participants must offer solutions to twelve problems related to government cryptocurrencies. “Could a government-owned retail cryptocurrency system be embedded into existing infrastructure with additional functionality beyond basic

Ethereum Classic Technology Coordinator Stevan Lohja has announced the upcoming Magneto hardfork, which includes four proposals for Ethereum 1.x (EIP). These EIPs first appeared in the Berlin update for the live Ethereum network, which was activated in April. These offers are aimed at increasing the level of security and reducing commission costs by storing addresses and keys in the same place. Magneto is slated to launch in July, following the beta testing of the Ethereum

It is sometimes difficult for newcomers to the industry to understand the difference between electronic money and cryptocurrencies. What are the main differences between these concepts and in what scenarios is it better to use these two types of payment instruments? So far, cryptocurrencies remain a new and relatively little-studied technology that does not have an established terminology and systematization. New users of the industry and even the media sometimes confuse the terms “electronic money”