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Why the EU’s Rushed ‘Travel Rule’ for Crypto Should Be Struck Down
25.7.2022
Financial Superintendence of Colombia Presents Project to Regulate Crypto Service Providers
20.7.2022
The Financial Superintendence of Colombia presented a project that seeks to bring clarity to how links between banks and virtual asset service providers (VASPs) will be handled in the future. The document defines certain key concepts and determines a set of prerequisites that banks need to verify...
Aussie FPA supports 'crypto rule book' and regulation of exchanges
15.7.2022
Swyftx co-CEO Ryan Parsons echoed the calls from the FPA, noting that “Our preference is for crypto platforms to operate within the existing financial services licensing framework.”
ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban
14.7.2022
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint...
IMF: Global Economic Outlook Has ‘Darkened Significantly’ — Global Recession Cannot Be Ruled Out
8.7.2022
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.” IMF Says Global Economic Outlook ‘Has...
Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect
5.7.2022
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading...
Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule
30.6.2022
“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization
SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation
27.6.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in these markets,” said...
Gensler appeals for ‘one rule book’ in negotiations with CFTC over crypto regulation
24.6.2022
In an interview with The Financial Times, SEC chair Gary Gensler said he is working on a memorandum of understanding with the agency’s digital asset market co-regulator
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
22.6.2022
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions...
BoE's Cunliffe Cautions Against 2008 Repeat With FTX's Derivatives Rule Change Proposal
22.6.2022
The Bank of England official is skeptical whether decentralised finance (DeFi) will ever be a thing
Coin Center Sues US Treasury Over 'Unconstitional' Tax Reporting Rule
11.6.2022
Crypto think tank Coin Center filed a suit against the U.S. Treasury Department and Internal Revenue Service on Friday, claiming a crypto tax reporting requirement enshrined in a 2021 infrastructure law is "unconstitutional."
Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600
10.6.2022
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through...
Crypto Custody Firm Qredo Adds Blockchain Analytics to FATF ‘Travel Rule’ Offering
2.6.2022
Qredo is bringing its APIs to bear on the global push for crypto AML compliance
Coinbase-Led Travel Rule Group Grows Members, Expands to Canada and Singapore
24.5.2022
South Korean Crypto Exchanges Resume Service as Usual after Travel Rule Breakthrough
28.4.2022
South Korea’s biggest crypto exchanges have finally linked their rival Travel Rule solutions – over a month after a new law that requires trading platforms to abide by the protocol came into force.
As previously reported, the Financial Action Task Force (FATF)’s measure, which requires...
Nigerian Agencies Told to Stop ‘Demonizing’ Crypto Industry Players
20.4.2022
Nigerian public and law enforcement agencies have been urged to “stop the demonization” of the blockchain and cryptocurrency industry. According to an association that advocates for the risk-based regulation of the crypto industry, financial institutions should not use a Nigerian...
The Week In Games: Rule The Middle Ages On Your Console
28.3.2022
A wide variety of games, both big and small, are out this week across everything from PS5 to Switch to Mac. Possibly the biggest and most interesting release is the next-gen console ports of Crusader Kings III. Very curious to see how that plays on a TV with a controller! Read more
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
Korean crypto exchanges are now in compliance with the Travel Rule
25.3.2022
Complying with the rules puts South Korea ahead of the curve for regulating virtual assets, but may be harming the domestic industry with overbearing transfer restrictions between exchanges