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EU Parliament can outlaw transacting with 'unhosted' wallets, crypto advocate warns
28.3.2022
The proposed legislation would require exchanges to verify personal data behind any transaction
Russian Prime Minister, Economy Ministry Support Legalization of Cryptocurrencies
27.3.2022
Prime Minister Mikhail Mishustin and the Russian Ministry of Economic Development have backed efforts to regulate cryptocurrencies and integrate them into the country’s economy. The support comes amid mounting sanctions over the war in Ukraine which restrict Russia’s access to global...
FATF Travel Rule Now Law in Sout Korea – But Crypto Exchanges Are Still Struggling with it
26.3.2022
The Financial Action Task Force (FATF)’s Travel Rule is now compulsory in South Korea – but critics have decried the nation’s lack of preparedness for the measure....
Read More: FATF Travel Rule Now Law in Sout Korea – But Crypto Exchanges Are Still Struggling with it
European crypto regulatory framework goes to three-way consideration without PoW ban
25.3.2022
The EU parliament didn’t use its option to block the current version of MiCA that does not contain the hostile clause
US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation
25.3.2022
Senator Cynthia Lummis has won support from a Democrat senator for her new digital asset bill
India’s Stiff Crypto Tax Legislation Becomes Law
25.3.2022
Amendments sought by the crypto industry were not accommodated and the policies will go into effect on April 1
EU Passes Law to 'Rein In' Big Tech’s Domination Over Smaller Players
25.3.2022
Companies such as Google, Apple, Amazon and Meta could face fines as high as 20% of turnover as the EU seeks to stop “gatekeepers” curbing competition from smaller players
Crypto Pyramid Busted in Russia, Losses Exceed $10 Million
24.3.2022
Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto...
Next 24 Hours Crucial for EU Crypto Law as Officials Debate Emissions, DeFi, NFTs
24.3.2022
A landmark law attempting to regulate crypto asset markets in Europe faces a key turning point, as lawmakers make a final call on banning Bitcoin-style validation and governments consider how to treat decentralized finance
‘US Government does not stand for freedom’: Bukele reacts to US bill passing Senate committee
24.3.2022
The bill would direct federal agencies to scrutinize how El Salvador implements its Bitcoin law
Colorado accepts tax payments in crypto: Was it just a matter of time?
24.3.2022
Colorado is set to accept tax payments in crypto. To some experts, it’s only a matter of time before other U.S. states follow suit
Tax man: India’s new tax policies could prove fatal for crypto industry
24.3.2022
India’s crypto tax policy is set to become law on March 24. However, stakeholders believe it could eradicate small-time traders and derail the thriving industry
Russian Law Requires Election Candidates to Disclose Their Crypto Assets
24.3.2022
The Russian parliament has adopted a new law obliging persons running for office to present information about their digital asset holdings. The legislation will amend a number of acts and apply to presidential and parliamentary candidates as well as government officials. Russian Politicians...
Spanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720
24.3.2022
Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad. While the antifraud law approved last year established this duty, there are still no rules...
Proposal for crypto tax policy in India will go to parliament on March 24
23.3.2022
First announced by India's finance minister in February, the amendment to existing laws proposed a 30% tax targeting digital asset transactions
India’s Proposed Crypto Tax Rules Likely to Become Law Thursday
23.3.2022
Any easing of the government's stance on crypto taxation will be contained in amendments to the bill
‘Satoshi Island’ crypto utopia receives 50K citizenship NFT applications
23.3.2022
A crypto island in the South Pacific where fiat is not allowed is making waves: Modular homes under construction, NFT citizenship applications and a promise of a decentralized future
Wex Exchange Co-Owner Reportedly Detained in Russia
23.3.2022
Authorities in Russia have arrested a crypto entrepreneur associated with an unidentified cryptocurrency exchange who is suspected of embezzling funds and property. According to a media report, the detained person is one of the owners of Wex, successor of the infamous BTC-e exchange. Owner of...
Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining
22.3.2022
Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit....
OECD opens proposal on tax transparency framework for crypto to public comment
22.3.2022
According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards