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Japan intends to create its own cryptocurrency

Japan intends to create its own cryptocurrency

There are a number of Japanese companies interested in creating Japan’s first cryptocurrency. Reuters says that a consortium of approximately 70 Japanese companies is aiming to launch a yen-based cryptocurrency in 2022. Unlike other cryptocurrencies, which are not regulated, this digital currency – which for

93% of the assets confiscated by the IRS involve crypto

93% of the assets confiscated by the IRS involve crypto

The US Internal Revenue Service (or IRS) has published a report that details the degree to which cryptocurrencies appear in criminal investigations. According to the report, 93% of all confiscations carried out by the Criminal Investigations (or CI) team involve cryptocurrencies. In total, $3.5 billion

India will allow Bitcoin as an asset and ban it as a currency

India will allow Bitcoin as an asset and ban it as a currency

The government of India has been undecided about regulating or banning Bitcoin (BTC) and other cryptocurrencies. But now, new information suggests that the South Asian country will finally allow BTC as an asset, like gold and bonds. However, on the other hand, the Indian government

Sweden asks European Union to ban cryptocurrency mining in Europe

Sweden asks European Union to ban cryptocurrency mining in Europe

In a recently released statement, the Swedish Financial Supervisory Authority proposed a ban on cryptocurrency mining in European Union countries. According to the regulator, mining activity for Bitcoin and other cryptoactives based on the Proof of Work (PoW) algorithm could prevent the country and the