Cryptocurrency

Japan to revise forex law to end crypto loophole for sanctions on

Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top government officials said on Monday. The government will submit a revision of the foreign exchange and Foreign Trade Act to the current parliament session to strengthen protections against potential sanction-busting by…

Cryptocurrency aid for Ukraine: Innovation or just a sideshow?

Ukraine, which has waged a staunch defense against Russian invasion, says it has pioneered a new source of financial support: People around the world who have donated millions of dollars directly to its war effort via cryptocurrencies such as bitcoin. Since Feb 26, when Ukrainian officials began tweeting calls for cryptocurrency donations, the Ukrainian government…

Cryptoverse: Bitcoin not anonymous enough for growing cohort of u

Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of crypto known as privacy coins, created with the primary aim of masking the identity of users and details of transactions, has quietly been gaining ground this month as maturing Bitcoin inches towards mainstream finance….

Australian watchdog sues Facebook-owner Meta over scam advertisem

Australia’s competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The advertisements, which endorsed investment in cryptocurrency or money-making schemes, could have misled Facebook users into believing they were promoted by famous Australians,…