Regulations on crypto<\/strong><\/h3>\n\n\n\n- On December 13, Russia’s Central Bank banned cryptocurrency investment funds<\/strong>. It also reiterated<\/a> that, on previous occasions, it had warned investors about cryptoassets.
<\/li>- Turkey is making progress in regulating cryptocurrencies<\/strong>. In this regard, at the end of December, the Binance exchange was fined $750k by the government of this country. The fine comes after the government banned the use of cryptocurrencies as a payment method in April<\/a>. That was due to the current context of a social and economic crisis the country has been going through.<\/li><\/ul>\n\n\n\n
![\"Crypto-regulations-Turkey-AML\"](\"https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/tax-office-4007106_1280-1024x602.jpg\")
<\/figure><\/div>\n\n\n\n- In Spain, December was the month in which some taxpayers received requests<\/strong> for information from the Treasury to declare the possession of cryptoassets during the last four years. In the country<\/a>, the wealth tax places cryptoassets from 19% of the total balance. However, it doesn\u2019t indicate a specific formula to stipulate it in the income tax return.<\/li><\/ul>\n\n\n\n
Crypto security<\/strong><\/h3>\n\n\n\n- Mexico was in the crosshairs of hackers during 2021<\/strong>. Compared<\/a> to the previous year, ransomware attacks increased by 127% in this Latin American country. According to Avast Software<\/a>, attacks of this type will continue to increase worldwide.<\/li><\/ul>\n\n\n\n
![\"Scammers-OpenSea-NFT-Discord\"](\"https:\/\/alfacash.blog\/wp-content\/uploads\/2021\/08\/hacker-3480124_1280-1024x678.jpg\")
<\/figure><\/div>\n\n\n\n- The number of cryptocurrencies seized by the US IRS multiplied 8 times<\/strong> in 2021 compared<\/a> to last year. Thus around $1.2 billion of cryptocurrencies were added to the agency’s wallets, which stated that its database does not include seizures in addition to money laundering or tax evasion.<\/li><\/ul>\n\n\n\n
A crypto summary: 2021<\/strong><\/h2>\n\n\n\n- The market capitalization of cryptocurrencies increased by 200% in value<\/strong> compared to the beginning of the year [CoinMarketCap]. In November, it almost reached $3 trillion, up to $1 trillion after just six months. Bitcoin reached a new ATH<\/a> of $69,000 on November 10.
<\/li>- In January 2021, Tesla CEO Elon Musk began driving Bitcoin adoption<\/strong>, with the purchase of $1.5 billion in BTC. Subsequently,<\/a> the company sold 10% of this stockpile. In March, Tesla enabled the purchase of its cars with the cryptocurrency, although it later suspended this payment method, claiming that Bitcoin mining affects the environment<\/a>. The rest of the BTC has been held by the company. All the announcements around Tesla affected the price of the cryptocurrency positively and negatively.<\/li><\/ul>\n\n\n\n
<\/li>
<\/figure><\/div>\n\n\n\n- In Spain, December was the month in which some taxpayers received requests<\/strong> for information from the Treasury to declare the possession of cryptoassets during the last four years. In the country<\/a>, the wealth tax places cryptoassets from 19% of the total balance. However, it doesn\u2019t indicate a specific formula to stipulate it in the income tax return.<\/li><\/ul>\n\n\n\n
Crypto security<\/strong><\/h3>\n\n\n\n
- Mexico was in the crosshairs of hackers during 2021<\/strong>. Compared<\/a> to the previous year, ransomware attacks increased by 127% in this Latin American country. According to Avast Software<\/a>, attacks of this type will continue to increase worldwide.<\/li><\/ul>\n\n\n\n<\/figure><\/div>\n\n\n\n
- The number of cryptocurrencies seized by the US IRS multiplied 8 times<\/strong> in 2021 compared<\/a> to last year. Thus around $1.2 billion of cryptocurrencies were added to the agency’s wallets, which stated that its database does not include seizures in addition to money laundering or tax evasion.<\/li><\/ul>\n\n\n\n
A crypto summary: 2021<\/strong><\/h2>\n\n\n\n
- The market capitalization of cryptocurrencies increased by 200% in value<\/strong> compared to the beginning of the year [CoinMarketCap]. In November, it almost reached $3 trillion, up to $1 trillion after just six months. Bitcoin reached a new ATH<\/a> of $69,000 on November 10.
<\/li>- In January 2021, Tesla CEO Elon Musk began driving Bitcoin adoption<\/strong>, with the purchase of $1.5 billion in BTC. Subsequently,<\/a> the company sold 10% of this stockpile. In March, Tesla enabled the purchase of its cars with the cryptocurrency, although it later suspended this payment method, claiming that Bitcoin mining affects the environment<\/a>. The rest of the BTC has been held by the company. All the announcements around Tesla affected the price of the cryptocurrency positively and negatively.<\/li><\/ul>\n\n\n\n
- In January 2021, Tesla CEO Elon Musk began driving Bitcoin adoption<\/strong>, with the purchase of $1.5 billion in BTC. Subsequently,<\/a> the company sold 10% of this stockpile. In March, Tesla enabled the purchase of its cars with the cryptocurrency, although it later suspended this payment method, claiming that Bitcoin mining affects the environment<\/a>. The rest of the BTC has been held by the company. All the announcements around Tesla affected the price of the cryptocurrency positively and negatively.<\/li><\/ul>\n\n\n\n
- The market capitalization of cryptocurrencies increased by 200% in value<\/strong> compared to the beginning of the year [CoinMarketCap]. In November, it almost reached $3 trillion, up to $1 trillion after just six months. Bitcoin reached a new ATH<\/a> of $69,000 on November 10.
- The number of cryptocurrencies seized by the US IRS multiplied 8 times<\/strong> in 2021 compared<\/a> to last year. Thus around $1.2 billion of cryptocurrencies were added to the agency’s wallets, which stated that its database does not include seizures in addition to money laundering or tax evasion.<\/li><\/ul>\n\n\n\n
- Mexico was in the crosshairs of hackers during 2021<\/strong>. Compared<\/a> to the previous year, ransomware attacks increased by 127% in this Latin American country. According to Avast Software<\/a>, attacks of this type will continue to increase worldwide.<\/li><\/ul>\n\n\n\n