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Andorra Receives Technical Assistance From IMF on Bitcoin Transactions
14.3.2024
The International Monetary Fund (IMF) has issued technical guidance, charging Andorra with tracking and recording Bitcoin transactions. This follows the European country's seeking guidance from the IMF.
The post Andorra Receives Technical Assistance From IMF on Bitcoin Transactions appeared first...
U.S. House Panel Votes to Disapprove of Controversial SEC Custody Guidance
29.2.2024
The House Financial Services Committee also seemed inclined to adopt a bill giving the U.S. Secret Service more resources to investigate crypto crimes
Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services
20.2.2024
Hong Kong's central bank issued guidance for authorized institutions interested in providing custody services for digital assets
Trump Reiterates Anti-CBDC Stance, Credits Vivek Ramaswamy for Policy Guidance
23.1.2024
The Republican frontrunner credited former candidate Vivek Ramaswamy for the policy
IRS Delays Enforcement of Digital Asset Reporting Rules, Awaiting Regulations
18.1.2024
On Tuesday, the U.S. Internal Revenue Service (IRS) and Treasury provided transitional guidance on digital asset reporting, postponing enforcement pending regulation issuance. IRS Temporarily Halts Enforcement of Digital Asset Reporting The U.S. Treasury Department and the Internal Revenue Service...
Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation
28.12.2023
Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will...
New York Offers New Virtual Currency Guidance
22.12.2023
On Nov. 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to Bitlicensees and limited-purpose trust companies and include business model considerations for virtual currency entities...
Big Money Management Firms Expect SEC to Greenlight Spot Bitcoin ETFs by January 10
21.12.2023
Source: AdobeStock / Backcountry Media Big money management firms expect the Securities and Exchange Commission (SEC) to grant approval for the first “spot” Bitcoin (BTC) exchange-traded fund (ETF) in early January. According to sources close to these firms, recent guidance from...
IOSCO Publishes Policy Recommendations for Decentralized Finance (DeFi)
20.12.2023
Source: Adobe / BeNeDak The International Organization of Securities Commissions (IOSCO), which sets standards for securities market regulation globally, has issued policy recommendations for the supervision of decentralized finance (DeFi). On December 19, IOSCO unveiled nine policy recommendations...
Indian Government Provides Update on Crypto Regulation
14.12.2023
The Indian government has responded to questions during a parliamentary session regarding crypto regulation in India. The government emphasized the valuable guidance provided by the IMF-FSB synthesis paper presented at the G20 summit, noting that this paper offers a framework for both G20...
DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules
24.11.2023
The ATO’s opaque DeFi tax guidance perplexes Australian crypto investors. Image by Vadym, Adobe Stock. The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency...
Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules
24.11.2023
The Australian Tax Office’s new rules on DeFi are unclear on whether capital gains taxes apply to liquid staking and transferring to layer 2 bridges
Crypto Regulation News Weekly Digest: SEC Sues Kraken and IOSCO Issues Crucial Crypto Regulations
21.11.2023
  Multiple countries advanced cryptocurrency oversight last week through legal actions, guidance, and policy initiatives. Image by RareStock, Adobe Stock. The past week brought several new major developments on the crypto regulation front. The SEC sued a major crypto exchange, IOSCO developed...
Senator Cynthia Lummis Slams SEC for its “Ruling by Enforcement” Approach Following Kraken Lawsuit
21.11.2023
Source: Sen. Cynthia Lummis’ website Senator Cynthia Lummis has criticized the Securities and Exchange Commission (SEC) for its current approach to cryptocurrency regulation. In a recent post on X (formerly Twitter), the senator accused the agency of relying on a “ruling by enforcement”...
Report of SEC’s Spot Bitcoin ETF Advice Fuels Hope for Approval — Crypto Industry Views It as ‘Real Progress’
19.11.2023
The Securities and Exchange Commission (SEC) has reportedly provided specific guidance to exchanges seeking to list and trade spot bitcoin exchange-traded funds (ETFs) on what they should do next. “This is real progress,” said one crypto exchange insider. “The cash vs in-kind...
NYDFS Releases New Guidelines on Listing and Delisting Crypto on Trading Platforms
16.11.2023
Source: NYDFS The New York State Department of Financial Services (NYDFS), the authority that supervises and regulates activities of financial institutions in the State of New York, has released a guidance that regulate the listing and delisting of cryptocurrencies. The updated guidance, named...
New York finance regulator tightens crypto listing guidance
16.11.2023
Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
14.11.2023
Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols
FCA releases guidance for compliance with new UK crypto asset promotion rules
2.11.2023
The regulator has made a few efforts to help crypto firms comply with the rules that came into force on Oct. 8
UK Regulator Publishes Guidance for Crypto Marketing Regime
2.11.2023
The Financial Conduct Authority’s new ad regime took effect in October