Gibraltar has released new legislation aimed at preventing insider trading and market manipulation in the cryptocurrency business. A guidance letter is also issued by the British overseas territory to crypto firms operating inside its jurisdiction.
The creation of a cryptocurrency holder registry is supported by the Argentinian tax agency. The Argentinian national tax collection agency, AFIP, aims to improve its efficiency in collecting cryptocurrency-related taxes.
The Presidential Transition Committee of new South Korean President Yoon Soo-Yoon is “seeking to award more cash-to-crypto licences to crypto trading platforms in an effort to undermine the oligopoly of local crypto exchanges
Senator Cynthia Lummis, a Republican, is following through on her vow to introduce a cryptocurrency bill in Congress this year.
The Bank of England has urged policymakers to broaden crypto market regulation, but many British businesses are already irritated by present norms and regulations.
The Abu Dhabi Global Market (ADGM) is building out a regulatory framework that may make trading platforms or exchanges that have licenses to operate within the free trade zone to trade NFTs. (Read More) …
India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals Taxation Plan The Indian ministry of finance answered some questions Monday […] …
Under new legal interpretation from China’s Supreme People’s Court, raising funds using cryptocurrency is deemed as an illegal activity in the country, according to South China Morning Post.
The post China outlaws crypto fundraising, offenders could face jail sentences appeared first on CryptoSlate. …
Crypto regulation on Brazilian soil gained steam after the senate’s economic affairs committee approved a bill highlighting the ground rules and day-to-day usage of digital currency funds. (Read More) …
Regulators need to take preemptive measures, bringing the crypto market to obey rules and regulations as risks from the sector could grow quickly, the Financial Stability Board said. (Read More) …
In what is set to be one of the toughest penalties against a cryptocurrency firm, details have now emerged that the foremost crypto lending platform, BlockFi, is set to pay a fine of $100 million to the Securities and Exchange Commission (SEC) of the United States government.
The post Crypto Lending: BlockFi to pay $100 million fine to SEC appeared first on CryptoSlate. Source cryptoslate.com…
The Biden administration is reportedly working on an executive order emphasizing potential economic, regulatory, and national security challenges that cryptocurrencies might pose in the future.
The post Report: Biden administration may soon unveil an executive order on cryptocurrencies appeared first on CryptoSlate. Source cryptoslate.com…
The Central Bank of Russia is going on the offensive in relation to the digital currency ecosystem in the country as the apex bank is calling for a blanket ban on crypto-related activities. (Read More) Source blockchain.news
The United Kingdom regulator intends to bring crypto promotions into line with other financial advertisements, to make sure these advertisements are transparent and fair. (Read More)Source blockchain.news
In a bid to restrict misleading ads concerning cryptocurrency, the UK Treasury on Tuesday announced its plans to regulate cryptocurrency advertisements as other financial products and ensure that the ads concerning crypto adhere to proper and ethical advertising standards to limit the spread of false information. UK’s crackdown on misleading crypto ads The UK treasury … Read moreUK to impose strict restrictions on misleading crypto ads
In a bid to protect members of the investing public, the Monetary Authority of Singapore has prohibited all outdoor advertisements for all cryptocurrencies or digital payment tokens (DPT) service providers. (Read More)Source blockchain.news
Michael J. Hsu, the Acting Comptroller of the Office of the Comptroller of the Currency (OCC) has advocated that regulators should collaborate with major crypto intermediaries in order to get a grasp of how the ecosystem functions. (Read More)Source blockchain.news
Inflation is on the rise in many parts of the world. On Wednesday, The U.S. Federal Reserve reported a CPI inflation of 7.0% for December. Following this trend, the inflation rate of the Swedish krona SEK rose to 4.1% in December, a strong increase from November’s inflation rate of 3.6%. These levels of inflation have … Read moreSweden’s inflation rate at a 29 year high, “transitory”
