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French Regulator Revises Crypto Rules to Align With EU’s MiCA Law
13.8.2023
France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like...
France Amends Crypto Regulatory Framework In Line With MiCA Licensing Rules
10.8.2023
France’s financial regulator Autorité des Marchés Financiers (AMF) has announced key amendments to its digital asset regulatory regime in light of the Market in Crypto Asset (MiCA) regulation.
The new amendments will come into effect from Jan 1 2024 and would affect both its General Regulation...
Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges
10.8.2023
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for...
Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait
10.8.2023
A Supreme Court judge has rejected a request from Epic Games that would've immediately loosened Apple's App Store payment rules, to the potential benefit of crypto and NFT apps
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
10.8.2023
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar...
Argentine Peso Plunges to Historic Lows as Uncertainty Rules Before Elections
8.8.2023
The exchange rate of the Argentine peso reached historic lows Monday in a decline that took its exchange rate to almost 600 pesos per U.S. dollar. Economists state that the uncertainty of the upcoming elections caused key bagholders to hedge their portfolios with foreign currency. However, analysts...
US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’
8.8.2023
Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, stablecoins “hold promise as a pillar of...
G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules
7.8.2023
The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and adequately minimize associated risks. India’s...
Warren and Sanders Urge IRS and Treasury to Enforce Rules Against Crypto Tax Evaders
4.8.2023
Almost two years after Biden’s infrastructure bill became law, two high-profile Democrat senators are keen on ensuring that crypto reporting requirements within the bill are properly enforced.
Senators Elizabeth Warren (D-Mass.), Bob Casey (D-Pa.), and Richard Blumenthal (D-Conn.) joined Bernie...
G20 President India Publishes its Input for Framing Global Crypto Rules
2.8.2023
As the current president of the Group of Twenty (G20), India has made public its presidency note on crypto in an effort to have its suggestions included in the framing of global crypto rules
Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System
31.7.2023
An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using...
Crypto․com Granted Registration Approval in the Netherlands
30.7.2023
Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering legislation, the company pointed out. Trading Platform...
GitHub, Hugging Face, urge EU to relax open-source AI rules
29.7.2023
An open letter calls for a review of the European AI Act, claiming that existing provisions would hinder open source AI development
As judge rules XRP not a security, Bitcoin & InQubeta rally
29.7.2023
The crypto world is buzzing with excitement as XRP secured a significant legal victory. The U.S. Securities and Exchange Commission’s (SEC) long-standing lawsuit against Ripple was finally settled, with the judge ruling that XRP is not a security. This development has boosted XRP’s...
Bank Policy Institute Supports Elizabeth Warren's Push for Stricter Crypto Rules
29.7.2023
The Bank Policy Institute (BPI), an organization that advocates for the banking industry in the US, has publicly backed Senator Elizabeth Warren's efforts to tighten regulations for cryptocurrencies.
Warren, along with three other senators, has recently reintroduced the Digital Asset Anti-Money...
US State of Minnesota Okays Crypto Donations to Political Campaign Committees
29.7.2023
Minnesota has become one of the few U.S. states to permit crypto donations to political campaign committees. However, according to the state’s new rules, crypto donations must be converted to U.S. dollars within five days. In the event of price changes within the five-day grace period, these...
Indian supreme court raps Union government on crypto rules delay: report
28.7.2023
The Supreme Court bench asked the union government to file a report on whether they are capable of setting up a federal agency to investigate crypto-related crimes
SEC adopts cyberattack disclosure rules, listed crypto firms included
28.7.2023
Coinbase, Marathon Digital and Riot Blockchain are among the SEC-registered cryptocurrency firms that would need to comply with the rules
SEC passes new ‘conflict of interest’ rules governing how brokers can use AI
26.7.2023
The new rules will govern how brokers use artificial intelligence to entice investors and how they use “optimization functions” to target investors and determine investment strategies
Canada proposes new capital rules for crypto holdings
26.7.2023
The Office of the Superintendent of Financial Institutions (OSFI) is opening public consultations on two draft guidelines updating its capital and liquidity approach to crypto assets