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Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank
17.2.2022
It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto...
No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan
14.2.2022
Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian...
Crypto miners exempt from IRS reporting rules, US Treasury affirms
14.2.2022
The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations
Puerto Rican Treasury Department Aims to Tax NFT Sales
10.2.2022
The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also...
Hong Kong Needs to Respond to Crypto Market Changes with New Rules - Treasury Chief
9.2.2022
Hong Kong regulators and senior members of the government have spoken about their willingness of introducing new rules to police the crypto sector, with a new set of guidelines already formulated for crypto brokerages.
According to RTHK, Hong Kong’s Secretary for Financial Services and...
Wonderland’s treasury saga exposes the fragility of DAO projects today
8.2.2022
The controversy around Wonderland DAO has brought back focus on the “not-so” decentralized nature of some DAO projects
Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year
8.2.2022
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and...
US Senator: China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities
8.2.2022
A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’...
KPMG in Canada Makes First Direct Crypto Investment — Adds Bitcoin, Ether to Corporate Treasury
8.2.2022
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow...
KPMG in Canada adds BTC and ETH to its treasury
7.2.2022
In an inflationary environment, assets such as Bitcoin are becoming more attractive to corporations looking to diversify their cash holdings
US Treasury Warns NFTs May Present New Illicit Finance Risks
6.2.2022
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more than $80 billion by 2025. NFTs May Present Illicit Finance Risks The U.S. Department of...
US Treasury targets NFTs for potential high-value art money laundering
6.2.2022
The Department of the Treasury suggested that the increasing use of art as an investment or financial asset could make the high-value art trades vulnerable to money laundering
Rich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin
6.2.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers and uninformed investors to “financial hell,” he advised...
US Senator: ‘America Competes Act’ Is a Direct Attack on Crypto Industry, Government Is Picking Winners and Losers
31.1.2022
U.S. Senator Cynthia Lummis says that the recently introduced “America Competes Act of 2022” is a direct attack on the crypto industry. “I will not stand by and let the heavy hand of the government pick winners and losers,” she stressed. Congressman Tom Emmer explained...
Averted a year ago, controversial transaction monitoring rule is back on Treasury’s radar
31.1.2022
The Treasury will consider imposing KYC regulations on transactions involving self-custodied wallets
Ex-FinCEN Officials Urge Calm After US Treasury’s 'Unhosted Wallet' Regulation Proposal Returns
31.1.2022
American crypto users could face new scrutiny, as much-derided Treasury Department proposals to regulate the industry have resurfaced for the first time since 2020 – but experts have warned observers not to panic....
Read More: Ex-FinCEN Officials Urge Calm After US Treasury’s 'Unhosted Wallet'...
House members urge US Treasury Secretary to clarify definition of broker in infrastructure law
27.1.2022
“We must ensure requirements imposed on the digital asset ecosystem are both crafted and implemented in such a way to ensure the United States remains at the forefront of financial innovation,” said the letter to Janet Yellen
US Unveils Bill Giving Treasury Secretary ‘Unchecked and Unilateral Power’ to Ban Crypto Transactions, Advocate Warns
27.1.2022
A new bill introduced in the U.S. has a provision that “would essentially give the Treasury Secretary unchecked and unilateral power” to ban cryptocurrency transactions, warned crypto advocacy organization Coin Center. Treasury Secretary Janet Yellen will be able to prohibit...
US Community on Alert over Draft Law that Could Give Treasury Sweeping Powers over Crypto
27.1.2022
Crypto-advocating lawyers and pro-crypto pressure groups are gearing up for a fresh fight in Washington – as another piece of legislation that could potentially restrict the sector’s ability to grow has appeared on the political landscape. However, one influential lawyer has claimed that...
Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin
24.1.2022
Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury,...