European police has busted a major illegal online streaming business dealing in cryptos that had reportedly been running for the past five years. On June 10 Bloomberg reported that Europol conducted around 15 house searches, arresting over 11 people while successfully taking down 50 servers across nine countries. European police have busted an illegal streaming ring that provided service to 2 million people and was so sophisticated that it had its own customer-service team ht

Lawmakers in Kyrgyzstan, officially the Kyrgyz Republic are considering a bill to tax and regulate activities on cryptocurrency mining. The bill- On Amending the Tax Code of the Kyrgyz Republic, seeks to increase government revenue by establishing taxation obligations for miners while aiming to establish clearer definitions for terms such as ‘virtual assets’ and ‘mining’ within the context of cryptocurrencies. If passed, the new taxation regime would comprise the first major

China’s new inheritance law allows China’s citizens to pass on their cryptocurrency and other virtual assets to their heirs. The Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference has come to an end on May 28. Xinhua news reported that on the same day the parliament passed a new civil code; a legislation package that includes protecting the civil rights of inheritance, marriage, property, personality, contract and infringement. The ne

On May 18, the Ministry of Digital Transformation of Ukraine published a new draft bill “On Virtual Assets” that aims to determine the legal status of crypto assets, rule of their circulation and issuance in the country. However, the current version of the bill is not final and is open for discussion by the crypto community until June 5, 2020. The main purpose of the new draft bill is to finally enable local crypto firms like exchanges to open bank accounts, according to one

Legislation regarding the operations of cryptocurrency firms in Singapore comes into effect from Jan. 28. The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment services and require them to hold a license. Crypto payment services must also comply with: The Financial Advisers Act Insurance Act Securities and Futures Act Trust Companies Act The new rules pl

Hong Kong based Diginex, a digital financial services startup joins Blockchain Alliance, becoming the first firm in Asia to do so. Alliances of Diginex Diginex claimed to be the “first fully diversified blockchain player on Nasdaq”. On Oct. 9 Diginex announced it is now ‘part of the public-private forum of firms and organizations promoting the secure development of blockchain.’ The company was co-founded in 2015 by the Chamber of Digital Commerce and Coin Center and led by in