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Crypto Taxation Rules on Deductibles Unfortunate For Indian Industry, Says WazirX Founder
India crypto taxation rules in the proposed Finance Bill 2022 will only make things harder and curtail the industry unless they are changed, according to the founder of WazirX crypto exchange Nischal Shetty. дальше »
2022-3-22 16:56 | |
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US Treasury exempts crypto miners from IRS reporting rules
Last year, US legislatures were torn between supporting and rejecting the Infrastructure Bill due to its lack of clarity. However, the recent announcement by the US Treasury is a major win for the cryptocurrency industry. дальше »
2022-2-15 13:55 | |
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It’s Different This Time: “Overwhelmingly Positive” and Bullish Crypto Hearing Before Congress
On Wednesday, top executives from six major cryptocurrency companies urged Congress to provide clearer rules for the growing crypto industry so that innovation can thrive in the US, warning that tough restrictions can push it overseas. дальше »
2021-12-10 17:52 | |
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FTX exchange offers its suggestions as the US moves towards crypto regulations
The United States’ regulators have finally decided that it is time for the country to get some laws regarding the ever-growing cryptocurrency industry. However, while many in the industry are willing to accept any kind of rules, crypto exchange FTX seems to have come up with its own idea of what the regulated crypto industry […] The post FTX exchange offers its suggestions as the US moves towards crypto regulations appeared first on Invezz. дальше »
2021-12-5 16:57 | |
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Australia’s $2.4 Trillion Pension Fund Industry Calls Crypto “Untested” and “Uninvestable”
Australia’s corporate watchdog ASIC Chair meanwhile is working with lawmakers to develop rules for crypto, which he said is “driven by extraordinary consumer and investor demand. ” The post Australia’s . дальше »
2021-11-22 18:09 | |
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10 US Congress Members Say Current Crypto Tax Rules Can Kill Industry Innovation
10 members of the US Congress have voiced their dissatisfaction with the Infrastructure Investment and Jobs Act. The group expressed their dissatisfaction with the legislation in a strongly worded letter to the Speaker of the House of Representatives A part of the law is widely believed to have unfair negative effects on the cryptocurrency industry. […] дальше »
2021-11-18 17:05 | |
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Israel enacts fresh crypto rules to combat laundering, terror funding activities
Israel has had a hard time accepting the growth of the blockchain and cryptocurrency industry, with many burdensome regulations keeping companies in limbo. The nation already has strict anti-money lauThe post Israel enacts fresh crypto rules to combat laundering, terror funding activities appeared first on AMBCrypto. дальше »
2021-11-15 20:30 | |
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Burn-X: A New HyperDeflationary Token Ready To Revolutionize The Crypto Industry With Its Unique Token Burn Rules
Burn-X is the latest in a long series of innovative HyperDeflationary tokens intended to excite investors with their unique characteristics. Burn-X is the next revolutionary HyperDeflationary token in the crypto market. дальше »
2021-10-21 14:49 | |
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Post Crackdown: China’s $28 Billion Crypto Outflow To Foreign Countries Drops By 40%
Key takeaway Data shows that the amount of unregulated fund outflow dropped by 40% in China after the recent round of tightened crypto regulations. The development could drive China to adopt even stricter rules for the industry. дальше »
2021-10-14 16:47 | |
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Japan’s Financial Services Agency (FSA) Looks to Step Up Crypto Oversight: Report
Japan has always been seen as a shining light in the Asian market for crypto adoption, with favorable regulations and a pang of hunger for digital assets. However, recent events have caused many in the industry to rethink this stance, especially with the regulator now looking towards imposing stricter rules against companies in the space. дальше »
2021-8-25 21:13 | |
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Ted Cruz Makes Shocking Reveal About Effects Of New Crypto Tax Rules As Jack Dorsey Pleads With Senate To Reconsider
The U.S cryptocurrency community has spent the last week battling Congress over the proposed Bipartisan Infrastructure Bill that has a provision that defines “brokers” in the cryptocurrency industry as “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.” Along with the crypto […] дальше »
2021-8-10 17:42 | |
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New SEC Regulations Add Cryptocurrency Under Security-Based Swap Rules
The cryptocurrency industry might soon be flooded with different kinds of rules to checkmate its operations. The recent developments in the sector point towards a new SEC rule that will guide the security swaps occurring in many financial assets, including crypto. дальше »
2021-8-7 19:34 | |
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U.S. Authorities Set to Impose Stricter Crypto Taxes on Investors
United States lawmakers are looking to impose stricter taxation rules on crypto investors, in a bid to milk out roughly $28 billion from the industry and use it to fund part of the proposed $1 trillion bipartisan infrastructure deal that aims to invest over half a trillion dollars in the country’s public works system, accordingRead More дальше »
2021-7-30 21:00 | |
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India May Discuss Crypto Bill In Coming Parliament Session
India is finally getting closer to having its first set of rules and regulations for the crypto industry. In an interview with a media outlet last week, Indian Finance Minister Nirmala Sitharaman has said that her ministry is ready with a proposal and it would be placed before the Cabinet for discussion. “We have done […] дальше »
2021-7-10 18:07 | |
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Caizcoin Introduces Islamic-Themed Blockchain Platform
Caizcoin, an Islamic blockchain protocol built to close the gap between the Islamic financial system and the crypto-asset industry. The firm is on the verge of developing a means for Islamic believers and also non-Islamic users a means to transfer money globally in compliance with the Islamic finance rules. дальше »
2021-7-4 20:44 | |
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New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange
Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange market. дальше »
2021-7-4 19:30 | |
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Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. дальше »
2021-6-17 07:00 | |
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Here’s How Hoard Is Trying to Revolutionize NFT Industry
Non-fungible tokens (NFTs) are becoming a staple in the post-pandemic world, and people need markets to safely trade and buy these precious items. One of the most popular sectors in the “new normal” type of the world – gaming – is a multibillionaire one, and the publishers make strict rules on what users can do. Read More дальше »
2021-6-13 15:28 | |
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Concordium aims to end the era of anonymity in crypto industry
Crypto and blockchain industries need to play by the rules to realize their full potential, Concordium CEO says.
дальше »2021-6-9 23:15 | |
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Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges
The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. дальше »
2021-5-22 18:30 | |
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ASIC calls for closer engagement, but crypto industry says rules are unclear
Australia’s securities regulator wants crypto firms to work closely with it, but industry executives are unsure of their obligations. дальше »
2021-4-19 08:06 | |
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Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022
Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule” and standards toward the cryptocurrency industry throughout the nation. дальше »
2021-4-4 02:00 | |
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Experts say new South Korean crypto rules will create a monopolized market
Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements. дальше »
2021-3-24 13:48 | |
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New York Attorney General Calls on Crypto Industry to ‘Play by the Rules’
On Monday, March 1, New York Attorney General Letitia James urged the cryptocurrency industry to “play by the rules.” Otherwise, the regulator “will shut you down.” The post New York Attorney General Calls on Crypto Industry to ‘Play by the Rules’ appeared first on BeInCrypto. дальше »
2021-3-2 00:04 | |
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Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules
The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation. дальше »
2021-1-20 11:05 | |
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Results of the year: 2020 for the cryptocurrency industry
One cannot but agree that 2020 has become a truly unprecedented year. The coronavirus pandemic that swept the whole world caused a severe economic crisis in all countries of the world and forced us to live by new rules. дальше »
2021-1-1 18:52 | |
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US Lawmakers Tell Mnuchin to Back Off From Potential Crypto Wallet Regs
Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday which warned such rules might "crush a nascent industry." дальше »
2020-12-10 03:20 | |
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Hong Kong to Tighten Regulation on All Crypto Trading Platforms
Hong Kong’s government is poised to change the rules for cryptocurrency trading firms operating within the city’s jurisdiction. Financial regulators worldwide are still in the process of formulating the best approach for regulating the cryptocurrency industry. дальше »
2020-11-4 17:55 | |
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BitMEX announces that users have six months to finish KYC
The crypto industry is starting to see some progress in regards to regulations, or at the very least, it is trying to self-regulate in order to avoid potential problems. As always, the goal is to find a compromise between serving its users the way they want to be served, and satisfying the authorities that demand strict rules to ensure users’ security. дальше »
2020-8-16 14:16 | |
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Singapore’s Financial Regulator, MAS, Wants More Power to Push Stringent Rules For Crypto
Singapore's financial regulator, which also serves as the country's central bank, The Monetary Authority of Singapore (MAS), is seeking to introduce stricter rules for the crypto industry to adhere to the new Financial Action Task Force (FATF) standards. дальше »
2020-7-22 19:09 | |
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Blockchain Bites: PayPal’s Push, FATF’s Rules and ‘Overstated’ Libra Fears
Industry leaders reflect on PayPal's reported plan to offer direct access to crypto for its 325M users, while banks and crypto startups look for solutions to FATF's Travel Rule. дальше »
2020-6-23 19:30 | |
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Indian Supreme Court Rules in Favor of Cryptocurrency — RBI Ban Lifted
A historic day for the Indian crypto community, the supreme court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional. дальше »
2020-3-4 08:49 | |
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China Adopts Security Standards for Blockchain Applications in the Financial Sector
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers operating in the industry. дальше »
2020-2-26 08:45 | |
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Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions
Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding operations with digital assets. дальше »
2020-2-8 07:45 | |
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Crypto Friendly US Presidential Candidate Calls for Clarity on Rules
US Democratic presidential candidate Andrew Yang has called for more clarity with regards to crypto currency regulation as the country slips further behind in the rapidly expanding industry. Andrew Yang On Crypto In an interview with Bloomberg’s Joe Weisenthal on Wednesday US Democratic presidential candidate Andrew Yang has aired his views on the current state of the crypto industry in the country. дальше »
2020-1-30 11:00 | |
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Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. дальше »
2020-1-1 18:57 | |
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Why Canada’s Crypto Industry is Threatened by Tax Rules
Canadian tax authorities’ approach to crypto-assets might discourage the country’s citizens from using digital assets, as things like double taxation remain an issue. While the US still struggles to bring regulatory clarity to the world of cryptocurrencies, its neighbor, Canada, currently faces taxation issues. дальше »
2019-12-24 11:30 | |
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Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. дальше »
2019-12-19 01:45 | |
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New European AML Regulations Look Set to Impact Cryptocurrency
New anti-money laundering (AML) regulations are coming into force by January 10 in Europe. The rules, which address cryptocurrency companies for the first time, look set to have a large impact on the industry. дальше »
2019-12-17 16:55 | |
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Bitcoin And Crypto Compliance From A US Tax Perspective
One of the things which causes undue consternation for many holders of Bitcoin and cryptocurrency is its taxable status. While some naysayers still consider the whole industry a tax avoidance scheme, most users just want to make sure they comply with the rules. дальше »
2019-12-5 16:00 | |
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Bitcoin Cash Major Upgrade Planned Tomorrow, Market Shrugs It Off
Bitcoin Cash will be undergoing a planned update tomorrow on the network’s consensus rules. The upgrade will add two new features. Bitcoin Cash will be having an update tomorrow which has been planned and discussed meticulously for months. дальше »
2019-11-14 22:38 | |
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US Senator concerned over FB, Google tapping financial sector without rules
2019 has undoubtedly been the year of tech giants tapping into the financial industry. With Apple launching its Titanium Credit Card with Goldman Sachs, Facebook launching its crypto-initiative Libra The post US Senator concerned over FB, Google tapping financial sector without rules appeared first on AMBCrypto. дальше »
2019-11-13 20:00 | |
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