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Japanese Tax Body Updates Crypto Guidelines for Staking and Lending, but Not NFTs
25.12.2021
Japan’s tax body – the National Tax Agency – has updated its crypto FAQs, addressing issues including staking and crypto lending. But the body has made no mention of non-fungible tokens (NFTs) or token airdrops – a sign that it does not currently consider NFT trading or airdrops taxable....
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Australian securities regulator issues guidelines for crypto ETPs
29.10.2021
The Australian securities regulator decided not to require crypto ETF providers to hold domestic crypto custody
FATF Wants to ‘Gut’ DeFi with ‘Vague’ New Guidelines, Say Crypto Players
29.10.2021
The crypto community has issued a withering response to the latest updated Financial Action Task Force (FATF) guidance, issued yesterday – with one lamenting that the document is “so bad that it makes the [American] infrastructure bill look reasonable.” Most appear particularly irked by the body’s...
Bank of Spain issues registration guidelines for crypto services
26.10.2021
All individuals and institutions in the country, including banks, will have to sign up using the new AML registry from the Bank of Spain
FATF’s New Guidelines Drop Next Week, Will Tackle Stablecoins, NFT & DeFi
22.10.2021
The Financial Action Task Force (FATF) will publish its updated guidelines on crypto sector policing next week – and will broaden its scope to include stablecoins, peer-to-peer (P2P) platforms, non-fungible tokens (NFTs), and decentralized finance (DeFi).
The body also wants to see evidence that...
Valve Bans Games Built on Blockchain, NFTs, and Cryptocurrencies From Steam Gaming Platform
17.10.2021
This past week, Valve, the parent company of the video game digital distribution service Steam updated its distribution onboarding guidelines. According to the newly updated rules, the company is banning any “applications built on blockchain technology that issue or allow exchange...
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies
15.10.2021
Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and data protection, the officials stated. The forum adopted 13 public policy principles...
G7 leaders issue central bank digital currency guidelines
14.10.2021
Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system
Tracking NFT Users, Mt. Gox Voting, 267 YO Bank Goes Crypto + More News
7.10.2021
kens (NFTs), to leverage Chainalysis products and analytics tools to monitor transactions and "ensure better compliance to regulatory guidelines." Dapper Labs will use Chainalysis’ tools Know You
Ripple CEO Says SEC Gives No Clear Framework for Crypto, Discusses XRP Lawsuit
27.9.2021
As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and...
Canadian regulators warn against 'gambling style' advertising and marketing in guidelines for crypto companies
23.9.2021
“Misleading advertisements and improper marketing strategies may encourage investors to take on risks they would normally avoid," said CSA chair Louis Morisset
Central Bank of Ukraine Supports Crypto Industry, Fears Cryptocurrency
23.9.2021
The National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its monetary policy guidelines for the near future, the regulator noted it’s going to defend the status of the hryvnia...
South African Tax Body Updates Crypto Tax Guidance, Confusion Persists
2.9.2021
In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in...
Central Bank of Nigeria Selects Barbados-Based Fintech Firm as Technical Partner for CBDC Project
1.9.2021
The Central Bank of Nigeria (CBN) has named the fintech firm Bitt Inc. as a technical partner for its digital currency project, the e-naira. As a technical partner, Bitt is expected to use its “technological competence and implementation experience” to help the CBN successfully launch...
Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet
30.8.2021
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics...
Nigeria's central bank issues draft guidelines on eNaira CBDC project
30.8.2021
CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC
Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines
20.7.2021
The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
28.6.2021
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening...
Central Bank of Brazil Issues Guidelines for Its CBDC
31.5.2021
The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document...
Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications
31.5.2021
Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan...