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Nalezeno "regime": 139

Indonesia Sees Sharp Decline in Crypto Tax Revenue, Falling 63% in 2023

24.1.2024
The Indonesian government has reported a significant decline in crypto tax revenue for 2023, amounting to $31.7 million (Indonesian Rupiah 467.27 billion), according to a report by local news outlet Kontant. The fall marks a sharp 63% drop compared to the partial collection period in 2022 when...

The SEC Is ‘out of Their Mind and a Change of Regime Is Required’ — Former US Ambassador

1.1.2024
Trevor Traina, the founder and CEO of Kresus, has said he foresees non-custodial mobile wallets “transforming into something more comprehensive than just tools for storing digital assets.” According to Traina, such a transformation is needed if non-custodial wallets are to become apps...

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...

CFTC Chairman: Many Crypto Tokens Are Considered Commodities Under Existing Laws

17.12.2023
The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many digital assets are considered commodities under existing law. Behnam urged the U.S. Congress to hasten the process of establishing a regulatory regime for cryptocurrency. He also emphasized that...

Japan Mulls Exempting Companies From Paying Taxes on Unrealized Cryptocurrency Gains

9.12.2023
Japan is considering exempting corporations from paying unrealized gains income taxes related to cryptocurrency holdings. The measure, proposed as part of a reform in Japan’s tax code, would allow companies to avoid paying taxes for cryptocurrencies even if their market value changes during...

US Lawmakers Write to Treasury Department Seeking Amendment On Proposed Crypto Tax Rules

16.11.2023
Source: Pixabay A group of United States lawmakers have led an effort for a change in the proposed cryptocurrency tax regime announced by the Treasury Department. The group addressed a letter to the Department on Nov 15 urging the body to change its approach to regulating the sector specifically...

Lessons from New York for California’s New Crypto Licensing Regime

14.11.2023
Linda Lacewell, who helped modernize New York’s regime for crypto startups, offers advice to California regulators about setting up a similar scheme there

UK Regulator Publishes Guidance for Crypto Marketing Regime

2.11.2023
The Financial Conduct Authority’s new ad regime took effect in October

BitGo Secures Digital Asset Custody License in Germany

1.11.2023
Digital assets custody firm BitGo has obtained a cryptocurrency custody license from the German Federal Financial Supervisory Authority (BaFin). According to a recent press release, the cryptocurrency firm has been granted a full license in Germany following years of operations in the country...

Australia Proposes New Licensing Regime for Crypto Exchanges, Aims for Draft Legislation by 2024

16.10.2023
Australia expects to release a draft legislation which covers licensing and custody rules for crypto asset providers by 2024

Aussie crypto exchanges look to new licensing regime with cautious optimism

16.10.2023
Australian crypto exchanges have largely praised the Treasury’s latest proposal to place crypto exchanges under the existing financial services license regime, though some worry it could box the crypto industry into a TradFi-shaped box

Crypto exchanges to fall under TradFi licensing — Australian Treasury proposal

16.10.2023
The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator

Ethereum's New Low-Fee Regime May Put Its 'Ultra Sound Money' Thesis to Test

13.10.2023
The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said

Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages

10.10.2023
Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...

UK Regulator Issues 146 Crypto Alerts Within 24 Hours

10.10.2023
British financial regulator, the Financial Conduct Authority (FCA), has issued 146 crypto promotion alerts in the first 24 hours of its new crypto marketing regime. “We expect businesses including social media platforms, app stores, search engines, domain name registrars, and payments firms...

Binance, OKX Adjust Crypto Operations to Comply With UK FCA’s New Regime

9.10.2023
Crypto exchange behemoth Binance has launched a dedicated domain for British users to comply with the UK Financial Conduct Authority's (FCA) new Financial Promotions Regime, effective October 8. With the new UK domain, – Binance.com/en-GB – the exchange will offer retail users in the UK only...

Zumo First to Integrate Tech Requirements of FCA’s New Financial Promotion Regime for Crypto Assets

29.9.2023
Digital asset-as-a-service platform Zumo has become the first cryptocurrency platform to integrate the financial promotions technical flow design laid out by the Financial Conduct Authority (FCA). In June, the FCA published rules on financial promotions for cryptoassets, which will have effect...