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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...
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...
Indian minister wants global crypto rules to curtail money laundering risk
19.4.2022
India is yet to finalize a crypto regulatory framework despite assurances of a speedy draft law over the past few years
Crypto Rules Should Match Traditional Financial System, Yellen to Say Thursday
7.4.2022
Treasury Secretary Janet Yellen will deliver her first speech focusing on cryptocurrencies and the digital assets industry on Thursday. Excerpts of Yellen's remarks reveal her views on how to oversee the industry according to guidelines set forth in a recent executive order from President Joe Biden
Georgia Central Bank Plans to Introduce New Crypto Rules: Report
5.4.2022
The eastern European nation will follow international guidance as it sets out anti-money laundering and licensing regime
Singapore Tightens Crypto Rules with New Law on Licenses for Virtual Asset Firms
5.4.2022
In a bid to enforce tightened rules for crypto businesses, Singapore’s unicameral parliament has passed a law that will oblige virtual asset service providers (VASPs) to apply for licenses.
The latest development extends the country’s regulations on anti-money laundering and countering...
EU Parliament Votes on Privacy-Busting Crypto Rules as Industry Rails Against Proposals
31.3.2022
The move by lawmakers Thursday is set to end even the smallest anonymous crypto transactions, and could see unregulated exchanges cut off from the financial system
Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules
28.3.2022
The proposal also seeks to expand the DOJ’s budget by $52 million to fight ransomware and combat the “misuse of cryptocurrency.”
Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March
9.3.2022
The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work...
US Treasury Department Formally Adds Crypto Rules to Russian Sanctions Guidance
28.2.2022
U.S. officials also hope crypto exchanges will block sanctioned individuals regardless of where they're headquartered
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto
17.2.2022
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regulatory framework. It’s important that we get to a solution as quickly...
Iran Blockchain Association Offers Help With Crypto Regulations, Says Regulators Are Not Qualified
4.11.2021
The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal...
BNY Mellon Urges Ireland to Adopt Crypto Rules Before EU Regulations, Report Reveals
25.10.2021
As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish government to adopt its own rules for the space. BNY Mellon launched its digital asset business in Ireland this year to provide custodian services to institutional...
Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules
14.10.2021
Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to...
US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
17.9.2021
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts...
Biden Administration Pushes Global Crypto Data Sharing Rules in $3.5 Trillion Budget Bill: Report
1.9.2021
The Biden administration is reportedly pushing to include global crypto data sharing rules in the $3.5 trillion budget package. The Treasury wants crypto businesses to report information on foreign account holders “so that the U.S. can share information with global trading partners.”...
Crypto Assets: Securities or Commodities? Commissioner Explains How They Are Regulated in US
30.8.2021
A commissioner with the U.S. Commodity Futures Trading Commission (CFTC) has detailed how crypto assets are regulated in the U.S. and whether they fall under the jurisdiction of the CFTC or the Securities and Exchange Commission (SEC). “There has often been a grossly inaccurate...
Japanese financial regulator considers imposing stricter crypto rules
24.8.2021
The new regulation will be designed to provide better protection to Japanese investors
SEC Chairman Says Satoshi Nakamoto’s Innovation Is Real, Crypto Rules Are Clear
8.8.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that Satoshi Nakamoto’s innovation is real. “It has been and could continue to be a catalyst for change in the fields of finance and money,” he said. Satoshi Nakamoto’s Innovation Is Real...