Category: Regulations

EU Makes Deal on MiCA Legislation to Regulate Crypto Markets

EU Makes Deal on MiCA Legislation to Regulate Crypto Markets

Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European officials agreed to adopt a set of anti-money laundering rules for cryptocurrency transactions. […]

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EU Agrees on Hard-Hitting Crypto Regulatory Framework 

EU Agrees on Hard-Hitting Crypto Regulatory Framework 

On June 30, European Union policymakers hammered out an agreement on what will become the first major regulatory framework for the cryptocurrency industry. The Markets in Crypto-Assets (MiCA) legislation will make things more challenging for crypto exchanges and stablecoin issuers operating in Europe. Under the new regulations, stablecoin issuers such as Tether and Circle will […]

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Russian Parliament Adopts Tax Rules for Digital Assets

Russian Parliament Adopts Tax Rules for Digital Assets

Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes Law to Tax Crypto Transactions A bill amending the Tax Code of the Russian […]

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Indian Crypto Excange CoinDCX Extends Withdrawal Restrictions to Meet Compliance Requirements

Indian Crypto Excange CoinDCX Extends Withdrawal Restrictions to Meet Compliance Requirements

India’s largest crypto exchange by value – CoinDCX – has extended the withdrawal restrictions that have been in place since May 13 until further notice. It said these extreme steps are necessary to implement enhanced compliance and risk frameworks.  After many investors took to social media to express their frustration over the pausing of withdrawals at […]

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Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, […]

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Albania to Start Taxing Crypto-Related Income From 2023

Albania to Start Taxing Crypto-Related Income From 2023

Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. Albania Set to Impose Crypto Tax as Early as Next Year The Albanian state should […]

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Charles Hoskinson Testifies to Congress on Digital Asset Regulation

Charles Hoskinson Testifies to Congress on Digital Asset Regulation

Charles Hoskinson – CEO of Input Output Global (IOK) and founder of Cardano – testified to the U.S. House Subcommittee on Commodity Exchanges, Energy and Credit on Thursday. He provided congress with information about the utility of blockchain, and what responsible regulation of the technology and industry could look like. The Benefits of Transparency In […]

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SEC Chair Seeks Formal Deal With the CFTC for Crypto Regulation 

SEC Chair Seeks Formal Deal With the CFTC for Crypto Regulation 

US Securities and Exchange Commission (SEC) Chair Gary Gensler has sought a formal cooperation between financial agencies to regulate the crypto assets effectively. One Rulebook for Crypto Trade According to a news report in the Financial Times, Gensler said there should be one rule book so that bad actors don’t make use of regulatory gaps and […]

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Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive Calls for More Regulations for ‘Abusive’ Crypto Market Governments are still […]

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Russia to Trial Digital Ruble Settlements for Real Estate Deals

Russia to Trial Digital Ruble Settlements for Real Estate Deals

The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart Contracts on Digital Ruble Platform Russia’s central […]

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