Tag: regulations
News related to cryptocurrency regulations in different countries.
Dubai Unveils New Virtual Assets Regulator
Reading Time: < 1 minute Dubai has recently unveiled a new agency that will be responsible for regulating virtual assets.
The SEC May Soon Consider the Regulation of Non-fungible Tokens
Reading Time: < 1 minute The SEC has started work to determine the eligibility of NFTs as securities as well as the application of relevant legislation to them.
China Tights Punishments for Crypto Fundraising
Reading Time: < 1 minute The Supreme People’s Court of the People’s Republic of China has recently amended the legal norms on illegal attraction of funds, toughening criminal liability.
Brazilian Senators Plan to Consider Bill on Crypto Regulation
Reading Time: < 1 minute The Brazilian Parliament plans to consider a bill to regulate the relations between holders of digital assets.
Italy Unveils Law to Combat Criminal Use of Cryptocurrencies
Reading Time: < 1 minute Last week, the Italian authorities published a law aimed at combatting money laundering through digital currencies in the country.
Kazakhstan Wants to Raise Taxes on Crypto Mining
Reading Time: < 1 minute The President of Kazakhstan has instructed at a government meeting to increase the tax on crypto mining and identify all mining farms.
FDIC Says Crypto Adoption Poses Risks to Financial System
Reading Time: < 1 minute The FDIC acting chairman Martin Gruenberg has said cryptos and the assessment of the risks associated with them have been among the top priorities in the work of the FDIC for this year.
Russian Authorities May Receive 1 Trillion Rubles Per Year From Crypto Taxation
Reading Time: < 1 minute The Russian authorities have estimated they will be able to receive up to 1 trillion rubles annually in taxes from participants in the crypto market.
The White House Intends to Speed Up the Development of Crypto Regulation
Reading Time: < 1 minute The administration of US President Joe Biden plans to instruct federal agencies to analyze digital assets and prepare the appropriate regulatory framework to ensure national security interests.
Russia Approves Roadmap for Crypto Regulation
Reading Time: < 1 minute The Russian Deputy Prime Minister Dmitry Chernyshenko has approved a roadmap for regulating the crypto market for the period until the end of 2022.
SEC Starts Investigation Into Gemini, Voyager and Celsius Network
Reading Time: < 1 minute The US Securities and Exchange Commission (SEC) has launched an investigation into the activities of the providers of landing services Voyager, Gemini and Celsius Network.
Russian FSB Agrees with Central Bank to Ban Crypto Transactions in Russia
Reading Time: < 1 minute The FSB has convinced the head of the Central Bank of the Russian Federation, Elvira Nabiullina, to support a complete ban on operations with cryptos in Russia.
US Banking Regulator Says Supervision Will Increase Confidence in Stablecoins
Reading Time: < 1 minute Banking regulation can increase confidence in stablecoins, said Michael Hsu, acting head of the OCC at the US Treasury.
FTX CEO Calls on Regulators to Create Uniform Regulation for Cryptocurrencies
Reading Time: < 1 minute Sam Bankman-Fried has said regulators should create a unified global system for overseeing the crypto market.
A Division of Central Bank of India to Develop Law on Crypto Sphere
Reading Time: < 1 minute A new division of the Reserve Bank of India is developing a regulatory framework for the blockchain industry and the national digital currency (CBDC).
SEC Files Suit Against Operator of $33M Crowd Machine ICO
Reading Time: < 1 minute The SEC has recently filed a suit against Australian Craig Derel Sproule for selling “digital asset securities.”
CFTC Fines DeFi Project Polymarket with $1.4 million
Reading Time: < 1 minute The US Commodity Futures Trading Commission (CFTC) has fined prediction platform Polymarket with $1.4 million.
Israel Allows Users to Transfer Crypto Profits to Banks
Reading Time: < 1 minute The Bank of Israel has allowed the country’s citizens to transfer the profits received from legal operations with cryptos to financial organizations.
Canadian Regulator Warns Binance is Operating Without a License
Reading Time: < 1 minute The Ontario Securities Commission (OSC) has announced crypto exchange Binance lacks the necessary license to operate in the country.
US Senator Cynthia Lummis to Present Crypto Regulation Bill
Reading Time: < 1 minute US Senator Cynthia Lummis plans to introduce legislation in 2022 to provide clarity on crypto regulation.
US Banking Regulator Reminds of Risks of Introducing Cryptocurrencies
Reading Time: < 1 minute Banks should be wary of adopting such tools, as warned by the OCC of the US Treasury in its semi-annual risk report.
SEC Says No to WisdomTree’s Application to Launch a Spot Bitcoin ETF
Reading Time: < 1 minute The Securities and Exchange Commission (SEC) has rejected an application from management company WisdomTree to register its own spot Bitcoin-ETF.
South Korea Delays Introduction of Tax on Bitcoin Traders
Reading Time: < 1 minute The National Assembly of South Korea has recently passed an amendment to the legislation, which implies the introduction of taxation of cryptocurrencies from January 1, 2023.
Central Bank of China to Develop a System for Tracking Crypto Transactions
Reading Time: < 1 minute The director of the Anti-Money Laundering Monitoring and Analysis Center of the People’s Bank of China has called for the creation of a cryptocurrency transaction tracking system to strengthen the regulation in the country.
Hillary Clinton Warns Against Possible Manipulation of Crypto Market By Russia and China
Reading Time: < 1 minute Joe Biden’s administration needs to strengthen the regulation of cryptocurrencies in the face of manipulation by individual states and non-governmental players.
