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Dubai does for crypto what Silicon Valley did for tech: Gov't affairs firm CEO
29.4.2024
NH Management’s Tao Xiao explained that VARA’s objective is not to hinder progress but to secure the market’s integrity
UK FCA Plans to Implement Market Abuse Regime for Crypto in 2024
19.3.2024
The Financial Conduct Authority (FCA) of the United Kingdom has announced its intention to introduce a market abuse regime for cryptocurrencies by the end of the year.
The post UK FCA Plans to Implement Market Abuse Regime for Crypto in 2024 appeared first on Cryptonews
Bank of Japan Ends Eight-Year Negative Rates Regime; Bitcoin Slides to $62.7K
19.3.2024
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy
UK Regulator FCA Plans to Deliver a Market Abuse Regime for Crypto This Year
19.3.2024
The U.K. has been refining it approach to regulating the crypto sector
Indonesia Watchdog Urges Finance Ministry to Re-Evaluate Crypto Tax Regime
4.3.2024
Cryptocurrencies are treated as a commodity in Indonesia and is currently subject to 0.11% value-added tax and 0.1% income tax.
The post Indonesia Watchdog Urges Finance Ministry to Re-Evaluate Crypto Tax Regime appeared first on Cryptonews
South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases
22.2.2024
The Intergovernmental Fintech Working Group is also considering the impact of tokenization on domestic markets
Glassnode Study Signals High-Risk Bitcoin Regime, Hints at Early Bull Market Stage
10.2.2024
In the wake of the market’s recovery from the FTX collapse, a notable shift has occurred, pushing bitcoin into a high-risk regime, as indicated by the onchain analysis firm, Glassnode. The firm’s latest report notes that this regime typically signals a pivotal phase often preceding...
Hong Kong Seeks Input on OTC Crypto Trading Rules
8.2.2024
Hong Kong on Thursday announced a consultation on regulating over-the-counter (OTC) crypto trading. The Financial Services and the Treasury Bureau consultation seeks to establish a conceptual framework for licensing virtual asset OTC services. Under the regime, operators would be mandated to obtain...
European Markets Org Praises Bank of England On UK Stablecoin Rules
7.2.2024
Today, the Bank of England extended the deadline for citizens to provide feedback on its proposed regulatory regime for UK stablecoins from February 6 to February 12. The central bank’s discussion paper focused on rules for sterling-denominated stablecoins, which it believes are the most likely...
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