In a recent update in policy, Google said that it will begin enforcing stricter advertising policies for cryptocurrency services in Europe under the Markets in Crypto-Assets (MiCA) framework.
Here are the latest updates from the crypto world
In a recent update in policy, Google said that it will begin enforcing stricter advertising policies for cryptocurrency services in Europe under the Markets in Crypto-Assets (MiCA) framework.
According to Cointeegraph, the legal advisers have said that this move
could be a “double-edged sword” for regulation that may prevent initial coin offering (ICO) frauds, but can also risk further enforcement gaps.
The cryptocurrency exchanges and crypto wallet advertising in Europe must be licensed under Europe’s MiCA framework or under the Crypto Asset Service Provider (CASP) regulation starting April 23.
According to a March 24 Google policy announcement, Crypto advertisers on Google will also have to comply with “local legal requirements,” including “national-level restrictions or requirements beyond MiCA” and be “certified by Google.”
The new advertising policy will apply to most European countries, including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.
According to the US Attorney’s Office for the Middle District of Pennsylvania, a non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, .
According to Cointelegraph, Waylon Wilcox, 45, accepted filing false income tax returns for the 2021 and 2022 tax years. The former CryptoPunk investor pleaded guilty on April 9 to two counts of filing false individual income tax returns, federal prosecutors said in an April 11 press release.
A false individual income tax return was filed for the tax year 2021 by Wilcox in April 2022. This reduced his tax due by approximately $2.1 million.
In October 2023 also, Wilcox filed another false individual tax income return for the year of 2022 which reduced his tax due by nearly $1.1 million.
The former CEO of Binance, Changpeng “CZ” Zhao, has rejected the claims that he agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).
In a report on April 11, The Wall Street Journal reported that unnamed sources alleged that CZ had agreed to testify against Sun under the terms of his settlement with US prosecutors.
WSJ reported that “as a part of Zhao’s plea deal, he agreed to give evidence on Sun to prosecutors,” an “arrangement” that “hasn’t previously been reported.”
In an April 12 X post, Zhao wrote that “WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn't. People who become gov witnesses don’t go to prison. They are protected. I heard someone paid WSJ employees to smear me.”