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4.85m French Crypto Holders ‘Fail to Declare Their Holdings’ as Gov’t ‘Takes Aim’ at Offenders
7.5.2024
Only a small fraction of French crypto holders have declared their coins to the state, a report claimed – with the government set to take action.
The post 4.85m French Crypto Holders ‘Fail to Declare Their Holdings’ as Gov’t ‘Takes Aim’ at Offenders appeared first on Cryptonews
Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt
2.5.2024
Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report
Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report
1.5.2024
Between 2022 and 2023 Crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed
UK Lawmakers Call for Govt to Develop Crypto, Blockchain Skills Pipeline
17.4.2024
Member of Parliament Lisa Cameron called for the government to ensure that all stages of education and the workplace develop digital skills
Cryptocurrencies Not Banned, Vietnam Requires Legal Framework for Regulation — Govt Official
15.4.2024
A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is...
UK Govt-Backed Report Urges Firms to Execute Tokenization Strategies
26.3.2024
The Technology Working Group's report says firms need to be able to settle transfers on the blockchain via digital money and that funds should be allowed to hold tokenized assets
Current Copyright Laws Sufficient for NFTs, No Need for New Legislation: US Govt Study
13.3.2024
A recent US government study found that existing intellectual property laws are sufficient to handle infringement related to NFTs. Consequently, there is no requirement for new legislation to tackle this issue, it says.
The post Current Copyright Laws Sufficient for NFTs, No Need for...
U.S. Govt. Study Concludes No NFT-Specific Legislation Needed Yet, Current Copyright Laws Adequate
13.3.2024
The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs)
Philippine Gov’t Cracks Down on Unlicensed Crypto Exchanges, Binance Still Accessible
7.3.2024
The Philippine National Telecommunications Commission (NTC) has initiated the blocking of websites belonging to crypto companies offering investment products without the necessary licenses in the country.
The post Philippine Gov’t Cracks Down on Unlicensed Crypto Exchanges, Binance Still...
Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says
25.1.2024
Many respondents to the digital pound consultation said that they had concerns about privacy and control
South Korean Gov’t to ‘Completely Review’ Crypto Tax Law
18.1.2024
Source: HyunJun/Adobe The South Korean government says it will “completely re-examine” the “need” to tax crypto traders on their earnings. As things stand, traders are set to be taxed on their earnings from January 2025. But per News1, the government will “review” its stance on the taxation...
Gov’t Servers in South Korean City ‘Infected with Crypto Mining Malware’
16.1.2024
Source: iuliia_n/Adobe Crypto mining malware has been found on two government servers in the South Korean city of Daejeon, an audit has found. Per MBN, the nation’s Ministry of Public Administration and Security commissioned biannual audits of the city government’s servers. During...
South African Govt. enforces fresh taxes on online forex brokers: National Treasury updates
5.12.2023
The government has decided to levy a fresh tax on online forex brokers. The aim is to align the initiative of increasing revenue for the public good. New forex tax rules outline that platforms providing forex services to their customers will have to shed a few more dollars on their gross revenue....
Did Odisha Government Earn ₹6,500 Crore In Forex Profit From Software Exports?
4.12.2023
Odisha and foreign exchange worth Rs. 6500 crore from the software export industry in FY 2022-23. Odisha recorded around 22% growth from software exports in 2012-13, reaching a value of Rs. 1970 crore. This year, the state has reached another financial milestone by reaching another peak, thanks...
More Hong Kong Banks Set to Join Digital Yuan Pilot, Gov’t Confirms
1.12.2023
Source: dmitriy/Adobe Hong Kong’s government says more banks based in the country are preparing to join Mainland China’s digital yuan pilot. Mainland China’s central bank, the People’s Bank of China (PBoC), wants to expand its CBDC’s cross-border applications. And it seemingly wants even more...
North Korean Hackers Disguise as South Korean Govt Agencies to Steal Cryptos: Report
27.11.2023
Source: Pixabay North Korea’s state-backed hacking group ‘Kimsuky,’ is supposedly behind a cryptocurrency heist, where hackers disguised as South Korean government agencies. Per a local report, hackers impersonated as South Korean journalists, government agencies and research institutes. Between...
GOP Candidate Ramaswamy Would Reduce Govt Involvement in Crypto If Elected
16.11.2023
GOP Candidate Vivek Ramaswamy Source: YouTube/NBC News The 2024 United States presidential candidate, Vivek Ramaswamy, has disclosed his plans to curb the Securities and Exchange Commission’s (SEC) control and government involvement in the crypto space if elected. In an exclusive interview with...
Russia Gov’t Wants to Use Its CBDC for Tax Collection, Paying Benefits
20.10.2023
Russia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes.
Per Finam, the Central Bank and the Ministry of Finance say they are “exploring the possibility of using the digital ruble for government payments,” and want...
Major Japanese Businesses Ask Gov’t to Reform Crypto Tax System
18.10.2023
Some of Japan’s biggest businesses have asked the nation’s government to make crypto tax reforms, as the country continues to pivot to Web3 and crypto.
Per an official Japan Association of New Economy (JANE) announcement, the group has submitted a tax reform proposal to Tokyo.
JANE has asked...
US gov't shutdown looms — 5 things to know in Bitcoin this week
25.9.2023
Bitcoin starts the week with a trip to $26,000 — can BTC price strength overcome sellers and a weekly "death cross?"