1. US Copyright Office Says It Does Not ‘Recognize’ Craig Wright as Satoshi
Even as bitoin SV (BSV) enjoyed a Craig Wright/Satoshi bump Tuesday, the U.S. Copyright Office was hard at work dispelling notions that it officially “recognized” anyone as the inventor of bitcoin.
“As a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials. The Copyright Office does not investigate the truth of any statement made,” the Copyright Office wrote in a press release. “In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.”
[Source: Coindesk] ✩✩✩✩✩
2. Japan’s Financial Regulator to Increase Oversight of Local Crypto Exchanges
Japan’s financial regulator, the Financial Services Agency (FSA), is reportedly planning to closely monitor cryptocurrency transactions due to heightened concerns regarding their use in financing illicit activities.
According to the Nikkei Asian Review, the FSA is “stepping up its countermeasures” in order to prevent money laundering. The countermeasures include conducting more extensive inspections of the operations of local cryptoasset exchanges.
[Source: Cryptoglobe] ✩✩✩✩✩
3. Binance Suffers Crippling Lag, Angry Crypto Traders Lose
The Securities and Exchange Commission yesterday announced it has obtained a court order halting an ongoing $30 million Ponzi scheme targeting more than 300 investors in the U.S. and Canada. The SEC complaint unsealed Monday charges South Florida-based Argyle Coin, LLC, a purported cryptocurrency business, and its principal Jose Angel Aman with using investor funds to run a Ponzi scheme.
[Source: CCN] ✩✩✩✩✩
4. Coinbase Payment Processing Service Now Supports Circle’s USDC Stablecoin
Major United States-based cryptocurrency exchange Coinbase announced that its cryptocurrency payment processor Coinbase Commerce now supports Circle’s stablecoin USD Coin (USDC) in a blog post on May 20.
[Source: Cointelegraph] ✩✩✩✩
5. Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court
Cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted its stay of demands for which they applied yesterday May 21, according to a blog post published on May 22.
[Source: Cointelegraph] ✩✩✩✩
6. South Korean Gov’t Announces Second Study Group for Blockchain Regulations
The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21.
The study is called the “Blockchain Regulation Improvement Study Group” and is part of an initiative run by the government’s science and tech arm to figure out how regulations could be improved so that blockchain tech could achieve widespread institutional adoption.
[Source: Cointelegraph] ✩✩✩
7. Thailand’s Oldest Bank Officially Discloses Interest in Blockchain; Mentions BTC, XRP and VET
Adoption of cryptocurrency is increasing quite steadily and is still expected to do better numbers in the new future. Many big firms are considering cryptocurrency and blockchain projects and more are expected to follow.
In a new and interesting turn for adoption, Thailand’s oldest bank, Siam Commercial Bank, recently published a blog post on its official website, showing its interest and use of blockchain technology and digital assets. Siam, which is also the largest commercial bank in Thailand, specifically points to Bitcoin, Ripple and VeChain. Amongst other things, the blogpost delves into the use of blockchain technology by various sectors to proffer all kinds of solutions for better effectiveness and efficiency.
[Source: Bitcoinexchangeguide] ✩✩✩
8. Israeli Courts: Bitcoin Is a Taxable Financial Asset, Not a Currency
A central district court in Israel has reportedly ruled in favor of the nation’s tax collection department, which has categorized bitcoin (BTC) as a financial asset — but not a medium of exchange (MoE).
According to the court’s ruling, the Israeli tax department may impose and collect taxes on transactions involving bitcoin, the world’s most dominant cryptocurrency. The court’s decision on the matter was announced on Monday (May 20, 2019).
[Source: Cryptoglobe] ✩✩✩
9. Russia’s Central Depository to Launch Security Token Blockchain Next Month
Russia’s National Settlement Depository (NSD) plans to launch its long-awaited digital asset ledger next month — 5,000 kilometers away from the institution’s Moscow headquarters.
Revealed exclusively to CoinDesk, the Moscow Exchange Group subsidiary chose Switzerland as the jurisdiction to incorporate D3ledger (Decentralized Digital Depository), a project that’s been in the works since 2017.
Artem Duvanov, head of innovation and a director at NSD, said it picked Switzerland for its congenial regulatory environment and potential for market-making in digital assets.
[Source: Coindesk] ✩✩✩
10. Europol Shuts Down $200 Million Crypto Mixing Service Bestmixer
Dutch, Luxembourg authorities and Europol have shut down one of the three largest cryptocurrency tumblers, Europol reported on May 22.
A cryptocurrency tumbler, also known as a cryptocurrency mixing service, is an anonymity tool that claims to transform transactions of non-private coins to private ones by mixing crypto funds with others, which makes it difficult to track the funds’ original source.
[Source: Cointelegraph] ✩✩✩✩
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