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Crypto Industry Battles to Exempt NFTs, DeFi From Tax Reporting Rules
23.5.2022
The OECD is trying to introduce new rules to stop crypto being used to stash assets out of sight of the taxman
FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: Report
20.5.2022
The United Kingdom's Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets
UK Regulator to Consider Terra Coins Collapse in New Crypto Rules: Report
20.5.2022
The U.K.'s Financial Conduct Authority and Treasury will scrutinize the collapse of Terra's coins and factor that into its crypto regulatory package
Cyprus Drafts Crypto Rules, May Introduce Them Before EU Regulations
20.5.2022
Cyprus has prepared its own legislation to regulate crypto assets and is likely to adopt it before Europe finalizes a common regulatory framework, a government official has indicated. The authorities in Nicosia welcome the “careful” use of cryptocurrencies, he added. Government...
Trade Minister Expects Russia to Legalize Cryptocurrency
19.5.2022
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister...
Nigerian SEC Announces New Rules Governing Issuance of Digital Assets
15.5.2022
The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. Initial Assessment Filing The Nigerian Securities and Exchange Commission (SEC) has announced new rules...
Global Regulators Consider Launching a Joint Body to Coordinate Crypto Rules
15.5.2022
Global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations, said a top executive of the International Organization of Securities Commissions (IOSCO). A Global Body to Coordinate Crypto Rules Top executives at the International...
European Commission Has ‘Serious Doubts’ About Markets in Crypto Assets Draft, Report Reveals
13.5.2022
The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence. European...
Michael Saylor welcomes FASB vote to review crypto accounting standards
12.5.2022
The FASB is set to review its accounting rules for digital assets, which could see firms no longer be required to report crypto such as BTC as “intangible assets” on their balance sheets
FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report
11.5.2022
A clearer framework for how companies might account for crypto might pave the way greater adoption
Let’s Create a Tiny Programming Language
10.5.2022
By now, you are probably familiar with one or more programming languages. But have you ever wondered how you could create your own programming language? And by that, I mean:
A programming language is any set of rules that convert
…
Let’s Create a Tiny Programming Language originally...
Putin Bids to Create New International Settlements Platform, Reform Foreign Currency Rules
10.5.2022
Russian President Vladimir Putin has spoken of plans to revamp the country’s international settlements ecosystem – in a bid to prevent Moscow from sliding into an economic quagmire at the hand of Western-led sanctions.
The nation has been all but frozen out of international trade and the global...
NFT Issuers Could Have to Centralize and Register Under EU's MiCA Rules, France Warns
5.5.2022
The EU bill would also tackle decentralized finance and bitcoin's energy use
Kazakhstan Amends Registration Rules for Cryptocurrency Miners
5.5.2022
The government of Kazakhstan has revised the registration requirements for persons and companies involved in crypto mining. The updated regulations come amid an ongoing clampdown on the industry in the Central Asian nation, where the influx of miners has been blamed for persisting electricity...
Kazakhstan ramps up power consumption reporting requirements for crypto miners
5.5.2022
Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption
Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers
3.5.2022
Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their...
India Includes Crypto Businesses in New Rules for Cyber Security
2.5.2022
The move is seen as a positive step that gives clarity to the crypto industry on several fronts
Bahrain Central Bank Issues New Regulations Governing Operations of Crowdfunding Platforms
1.5.2022
The Central Bank of Bahrain (CBB) has said new regulations compelling operators of crowdfunding platforms to ensure their products are suitable for clients are set to replace existing rules which were first issued in 2017. Segregation of Client Money From Platform Operators The Central Bank...
Bill Regulating Crypto Mining Submitted to Russian Parliament
30.4.2022
A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners. Russian Lawmakers...
Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation
29.4.2022
The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after...