Tired of getting lost in the avalanche of news about cryptocurrencies? With my weekly summary, I provide you with a personalized compendium of the most relevant trends of the moment. Forget about searching through hundreds of articles: we offer you something concise and direct to keep you always a step ahead in this exciting crypto world.
For example, the regulatory landscape for cryptocurrencies continues to evolve globally. Turkey has implemented new anti-money laundering rules, while Cambodia has taken a step forward by allowing its banks to offer services related to certain cryptocurrencies.
On the other hand, the founder of Terraform Labs, Do Kwon, will be extradited to the United States to face fraud charges. In Argentina, UIF and CNV have intensified their training to understand and regulate this growing market.
Here are the 5 most outstanding news stories of the week:
Turkey tightens rules for cryptocurrencies: focus on AML.
Financial revolution in Cambodia: banks can now operate with cryptocurrencies.
Do Kwon will be tried in the United States for million-dollar fraud.
Argentina strengthens crypto surveillance: intensive training for UIF and CNV.
Crypto executives challenge the IRS: ask Congress to block regulation on DeFi.
Turkey tightens rules for cryptocurrencies: focus on AML.
To begin with, new regulations on cryptocurrencies were published in Turkey, which will come into effect on February 25, 2025, within the Regulation on Measures Related to the Prevention of Money Laundering and the Financing of Terrorism, which includes anti-money laundering (AML) regulations that have been implemented in other countries and regions of the world.
Do Kwon will be tried in the United States for million-dollar fraud.
Almost two years after the arrest, Bojan Bozovic, the Minister of Justice of Montenegro, approved a crucial sentence that allows the extradition of Terraform Labs founder, Do Kwon, to the United States.
Argentina strengthens crypto surveillance: intensive training for UIF and CNV.
The National Securities Commission (CNV) of Argentina and the Financial Information Unit (UIF) organized a training on crypto asset regulation, aimed at the staff of both agencies.
Crypto executives challenge the IRS: ask Congress to block regulation on DeFi.
The Internal Revenue Service (IRS) of the United States is setting its sights on decentralized finance (DeFi) with an innovative tax rule that could transform the landscape of decentralized platforms.
Starting in 2027, DeFi brokers will have to collect detailed data on user transactions, including names, addresses, and business activities, and issue tax forms similar to those used in traditional financial markets.
