Tag: regulations
News related to cryptocurrency regulations in different countries.
India Reevaluating Its Crypto Stance
Reading Time: < 1 minuteThe Indian government may be reconsidering its stance on cryptocurrency as global attitudes towards digital assets evolve.
Trump Signs Executive Order Establishing a Crypto Task Force
Reading Time: < 1 minuteOn Thursday, President Donald Trump signed an executive order aimed at promoting the growth and development of cryptocurrencies in the United States.
SEC Cancels SAB 121 Crypto Accounting Bulletin
Reading Time: < 1 minuteOn Thursday, the SEC introduced a new bulletin, SAB 122, which allows financial institutions to hold digital assets.
Trump May Sign Crypto Executive Orders on His First Day
Reading Time: < 1 minuteUpon taking office, President-elect Donald Trump and his administration are expected to prioritize the cryptocurrency industry, with executive orders planned for the first day of his term.
IMF: Kenya Must Develop a Regulatory Environment
Reading Time: < 1 minuteThe IMF has recommended that Kenya implement clear and predictable regulatory measures for the cryptocurrency market.
Chinese Regulator Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Chinese government has implemented new foreign exchange regulations that require banks to closely monitor and flag any high-risk transactions involving cryptocurrency assets.
Turkey to Implement New Crypto AML Regulations
Reading Time: < 1 minuteTurkey has announced new regulations for cryptocurrencies, taking inspiration from similar developments in major jurisdictions like Europe.
Nigerian SEC Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Nigerian Securities and Exchange Commission (SEC) has recently updated its regulations concerning cryptocurrencies, specifically targeting the marketing of crypto products and services by virtual asset service providers (VASPs) and social media influencers.
UK’s Regulator Seeks Public Comment on Crypto Regulations
Reading Time: < 1 minuteThe Financial Conduct Authority of the United Kingdom is asking for the public’s opinion on its proposed strategies for enhancing the transparency of the nation’s crypto markets.
Australia May Introduce A Stricter Crypto Regulation
Reading Time: < 1 minuteAustralia has suggested more stringent measures to combat financial crime through the implementation of stricter Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) rules.
Czech Republic Delays Tax on Bitcoin Gains
Reading Time: < 1 minuteThe Czech Parliament has voted to approve an amendment that will exempt individuals from paying personal income tax on capital gains from the sale of Bitcoin and other cryptocurrencies.
Russian Lawmakers Greenlight Crypto Tax Bill
Reading Time: < 1 minuteRussian lawmakers have given their approval to the government’s proposal for a crypto tax bill, which will require Bitcoin miners to pay taxes on their earnings.
Norway’s Central Bank Supports MiCA
Reading Time: < 1 minuteNorges Bank has voiced its support for the Markets in Crypto-Assets Regulation (MiCA) proposed by the European Union.
Taiwan’s FSC Plans to Implement a Crypto Exchange Registration System
Reading Time: < 1 minuteTaiwan’s Financial Supervisory Commission (FSC) will establish a registration system for cryptocurrency exchanges before the end of November, according to a report by local news outlet Anue Juheng.
Dubai Tightens Crypto Marketing Regulations
Reading Time: < 1 minuteDubai’s crypto regulation just got stricter with the introduction of new Marketing Regulations for Virtual Assets and Related Activities 2024 by the Dubai Virtual Assets Regulatory Authority (VARA).
Revolut Wins a Banking License in UK
Reading Time: < 1 minuteRevolut announced on Thursday that it has been granted a banking license by UK financial regulators.
OKX Establishes its MiCA Hub in Malta
Reading Time: < 1 minuteCrypto exchange OKX has chosen Malta as its hub for MiCA (Markets in Crypto-Assets) as this new regulatory framework is being implemented in the European Union.
Taiwan Tightens its Crypto Regulations
Reading Time: < 1 minuteThe Legislative Yuan, Taiwan’s highest legislative body, has approved a law that updates the country’s Anti-Money Laundering (AML) legislation to include digital assets.
US House Fails to Overturn Biden’s Veto of a SEC Crypto Rule
Reading Time: < 1 minuteIn a vote of 228-184, US lawmakers fell short in their attempt to override President Joe Biden’s veto of a legislative measure designed to reverse a controversial crypto accounting bulletin.
Hawaii’s Crypto Companies Will Not Have to Obtain a Money Transmitter License
Reading Time: < 1 minuteHawaii has officially decided to exempt cryptocurrency companies from the need to obtain a Money Transmitter License (MTL) in order to operate in the state.
Crypto.com Obtains a Crypto License in Ireland
Reading Time: < 1 minuteIreland has granted approval to Crypto.com to register as a virtual asset service provider, permitting the cryptocurrency exchange to conduct operations in the country.
US Appeals Court: SEC Exceeded its Authority with Fund Rule
Reading Time: < 1 minuteA recent decision by a United States appeals court has struck down a Securities and Exchange Commission (SEC) rule that aimed to increase transparency in the hedge fund and private equity sectors.
US House Approves Bill to Regulate Crypto
Reading Time: < 1 minuteOn Wednesday, the US House of Representatives passed a bill to establish a new legal structure for digital currencies, despite concerns raised by the US securities regulator about potential financial risks.
UK Intends to Implement a New Crypto Legislation This Summer
Reading Time: < 1 minuteEconomic Secretary Bim Afolami announced that the UK government plans to introduce legislation by June or July for stablecoins, crypto staking, exchange, and custody.
The EU Does Not Plan to Ban Self-custodial Crypto Transactions
Reading Time: < 1 minuteOver the weekend, there was widespread panic in the crypto community due to misinterpretation of comments made by Patrick Breyer, a member of the European Parliament.
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