Legal & Regulation / Çàãîëîâêè íîâîñòåé 
UAE Introduces New Law to Combat Crypto Crime, Allows Licensed Cryptocurrency Offering & Promotion
The United Arab Emirates (UAE) is introducing new rules to promote cryptocurrency development while curbing digital currency scams targeting investors in the country. Under the new rules, crypto scammers will face prison time for up to 5 years and a penalty of up to AED 1 million (just over $272k), starting January 2, 2022. äàëüøå »
2021-12-30 20:14
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South Korean Exchange Suspends Withdrawals to External Wallets, Govt. Reaches Out to Apple and Google to Block P2E Apps
One of the four regulated cryptocurrency exchanges in South Korea, Coinone, has announced that it will no longer allow withdrawals to non-verified external wallets starting Jan. 24, 2022. If Coinone users want to withdraw their crypto assets to another digital wallet, they would have to register their wallet address with the exchange, “in accordance with […] The post South Korean Exchange Suspends Withdrawals to External Wallets, Govt. äàëüøå »
2021-12-29 20:07
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Newly-Signed Defense Bill Calls For A Digital Strategy, Sen. Warren Slams Crypto for Wealth Concentration
Democratic Senator Elizabeth Warren, a crypto skeptic, again criticized cryptocurrencies, saying they are not the path to financial equality. “The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars. äàëüøå »
2021-12-29 18:52
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Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year
Wyoming Republican Senator Cynthia Lummis plans to introduce a comprehensive bill next year covering tax taxation of digital assets and their categorization to consumer protections. Lummis, who is also a Bitcoiner and one of the most vocal crypto advocates, will also be pitching Congress on creating a crypto regulatory body under the joint jurisdiction of […] The post Bitcoiner Senator, Cynthia Lummis, Is Planning to Bring In A New Crypto Bill Next Year first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-24 16:56
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Bank of England to Coordinate with International Regulators for Stricter Crypto Rules
The Bank of England to step up its talks with the international counterparts on a regulatory regime for cryptocurrency next year. In an interview with The Times, Sarah Breeden, executive director for financial strategy and risk at the central bank, said that as banks begin to offer crypto-assets trading and custody services to clients, global […] The post Bank of England to Coordinate with International Regulators for Stricter Crypto Rules first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-20 21:44
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Paraguayan Senate Passes Bill to Regulate Crypto Trading and Mining
The Senate of Paraguay has passed a bill that will regulate the trading and mining of cryptocurrencies in the country. Paraguayan Senator Fernando Silva Facetti, one of the three authors of the bill, confirmed this on Twitter, saying Paraguay’s Chamber of Deputies will discuss the bill next year. äàëüøå »
2021-12-19 18:26
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“We Have A Negative Attitude Towards Cryptocurrencies,” says Russian Central Bank Official
While Russian President Vladimir Putin supports crypto as a means of payment, the country’s central bank remains skeptical about them. “We are advocating for Russia’s financial infrastructure not to be used for investments into cryptocurrencies, and this is possible to implement,” Governor Elvira Nabiullina told a briefing on Friday. äàëüøå »
2021-12-18 22:11
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Federally Insured Credit Unions Are Now Allowed to Partner With Third-Party Crypto Service Providers
Federally Insured Credit Unions (FICU) can now partner with third-party digital asset service providers, said Todd Harper, Chairman of the National Credit Union Administration (NCUA), this week. As a counterpart to the Office of the Comptroller of the Currency (OCC), which regulates national banks, NCUA oversees credit unions. äàëüøå »
2021-12-17 16:54
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Fed Chair Says, Crypto Is Not A Financial-Stability Concern But An Issue For Those Who Don’t Understand It
On Wednesday, the Federal Reserve announced that it was doubling the pace of its bond-buying tapering and forecasted three rate hikes in 2022. Following the end of the central bank's two-day policy meeting, in a news conference, Fed Chair Jerome Powell also commented on cryptocurrencies, saying he doesn’t view them as a “financial stability concern. äàëüøå »
2021-12-16 18:33
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Bank of Thailand to Release a Consultation Paper on Crypto to “Strike the Right Balance”
This comes amidst a growing appetite for crypto amidst low-interest rates, a record low of 0.5%, and rising prices, with inflation in Thailand rising in November at the fastest pace since April. The post Bank of Thailand to Release a Consultation Paper on Crypto to “Strike the Right Balance” first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-15 00:29
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South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022
The South Korean government is prohibiting withdrawals from local cryptocurrency exchanges to non-KYC wallets such as MetaMask, starting next year, as per the local report. Regulators in the country are imposing the travel rule when transferring assets from one venue to another, requiring information of sender and recipient to be recorded in order to prevent […] The post South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022 first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-11 18:12
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South Africa’s Financial Regulator Working on a Regulatory Framework for Crypto
The Financial Sector Conduct Authority (FSCA) of South Africa is planning to unveil a regulatory framework for cryptocurrencies next year to protect the users. The framework will be designed in coordination with peers like the financial surveillance board and the prudential authority. äàëüøå »
2021-12-11 17:05
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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. äàëüøå »
2021-12-10 17:52
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Crypto Asset Reform to Place Australia “Firmly” in the Lead, Bringing More Consumer Interest & Entrants, says Treasurer
“It represents the most significant reforms to our payments system in 25 years,” said Treasurer Josh Frydenberg. The post Crypto Asset Reform to Place Australia “Firmly” in the Lead, Bringing More Consumer Interest & Entrants, says Treasurer first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-9 00:16
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Bank for International Settlements (BIS) says DeFi’s Governance Structure Is A Natural Entry Point for Public Policy
These entry points can be used to contain DeFi-related issues “before this ecosystem attains systemic importance,” said the agency. The post Bank for International Settlements (BIS) says DeFi’s Governance Structure Is A Natural Entry Point for Public Policy first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-8 23:26
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Gary Gensler Says SEC is “Going to Use the Enforcement Tool” If Crypto Firms Do Not Register
Because DeFi tokens offer some kind of return, the watchdog needs to have oversight on them, said the Chair, as “the public is not as protected as it could be.” The post Gary Gensler Says SEC is “Going to Use the Enforcement Tool” If Crypto Firms Do Not Register first appeared on BitcoinExchangeGuide. äàëüøå »
2021-12-2 17:07
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Treasury Secretary Confirms Unhosted & Hardware Wallets, Developers and Miners Not Subject to Transaction Reporting
Treasury Secretary Janet Yellen clarified that US federal regulations do not cover non-custodial entities — “hardware wallet manufacturers, providers of unhosted wallets, software developers, or miners” — for the purpose of requiring transaction reporting. äàëüøå »
2021-12-1 16:51
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UK’s HMRC says Cryptocurrencies Not Exempt from Digital Services Tax
HM Revenue and Customs (HMRC) says cryptocurrencies do not qualify as money or commodities and are not exempt from the digital services tax. The tax office has also informed online crypto exchanges that they are subject to the tax, according to a report from The Telegraph, which says it is designed to ensure tech firms […] The post UK’s HMRC says Cryptocurrencies Not Exempt from Digital Services Tax first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-30 23:57
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Indian Finance Minister says No Plan to Recognize Bitcoin as a Currency, Meanwhile Indians Want Crypto Taxed but Not Legalized
India does not plan to recognize Bitcoin as a currency, said Finance Minister Nirmala Sitharaman on Monday, in response to a question in the Lok Sabha, as per the local report. When asked whether the government has a proposal to recognize the leading cryptocurrency as a currency in the country, Sitharaman gave a “No. äàëüøå »
2021-11-29 21:18
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Major US Banking Regulators Finish “Policy Print” and Release 2022 Crypto Roadmap
Top US banking regulator said on Tuesday that banks must seek and obtain written permission from their bank supervisors before engaging in cryptocurrencies. The Office of the Comptroller of the Currency said that before taking on activities like providing custody services for crypto assets, banks must demonstrate they have appropriate risk management tools. äàëüøå »
2021-11-25 16:49
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$3.5 Billion In Crypto Accounted for 93% of All Assets Seized by IRS in 2021: Report
The agency expects to seize billions of dollars worth of crypto in the coming year after getting more ability to surveil crypto transactions in the infrastructure package, to counter which a comprehensive bipartisan bill has been introduced in the House. äàëüøå »
2021-11-20 23:18
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DOJ Selling $56M Worth of Crypto to Compensate BitConnect Victims, Mt Gox Rehabilitation Plan Also Finalized
The timing and specific amount of the Mt. Gox repayments haven't been announced yet. Meanwhile, the DOJ describes the liquidation as the US's largest single recovery of crypto fraud. The post DOJ Selling M Worth of Crypto to Compensate BitConnect Victims, Mt Gox Rehabilitation Plan Also Finalized first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-18 22:53
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Indian Government to Avoid A Complete Ban, Would Regulate Crypto As Assets
The overall view within the government is that the steps taken should be proactive, “progressive and forward-looking,” as crypto is an evolving technology. The post Indian Government to Avoid A Complete Ban, Would Regulate Crypto As Assets first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-18 19:37
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Banking Watchdog Warns of Highly Cautious Approach to Crypto from OCC, Fed, and FDIC
Meanwhile, Binance CEO CZ says as much as 97% of its users go through KYC and that regions like Singapore, France, and Dubai “understand the importance of attracting crypto businesses.” The post Banking Watchdog Warns of Highly Cautious Approach to Crypto from OCC, Fed, and FDIC first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-18 17:13
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US Senators Introduce Legislation to Limit ‘Broker’ Definition in Infrastructure Bill Signed by President Biden
On Monday, President Joe Biden signed the $1 trillion infrastructure bill that contains the controversial over-reaching cryptocurrency tax definition. The bill-signing ceremony was held on the White House South Lawn, where members of both parties came as a bipartisan show of support for the new legislation. äàëüøå »
2021-11-17 19:31
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SEC Investigating Bitcoin Miner, Marathon Digital Holdings, Regarding Violation of Federal Securities Law
Marathon Digital holds a total of 7,453 Bitcoin and plans to buy more BTC and miners by selling $500 million in convertible securities. The post SEC Investigating Bitcoin Miner, Marathon Digital Holdings, Regarding Violation of Federal Securities Law first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-16 17:17
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Terraform Labs and CEO Strike Back at SEC’s Subpoena Enforcement Action
Terraform Labs’ algorithmically-governed stablecoin UST meanwhile has reached a market cap of $5.2 billion, up from $2.9 billion early last week thanks to the LUNA supply burn. The post Terraform Labs and CEO Strike Back at SEC’s Subpoena Enforcement Action first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-15 21:37
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VCs and Insiders in DeFi Creating A “Two Tier Market” at The Expense of Retail, says SEC Commissioner
A top US Securities and Exchange Commission (SEC) raised new concerns about decentralized finance (DeFi) this week. In an op-ed published Tuesday, SEC Commissioner Caroline Crenshaw called the lack of transparency and pseudonymity of DeFi “structural hurdles” holding the market’s development back. äàëüøå »
2021-11-11 21:41
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Austria to Treat Crypto like Stock for Taxation Purpose to “Reduce Prejudice Toward New Technologies”
Austria is going to tax crypto assets like mainstream stock and bond investments to boost confidence in them. Starting in March of next year, Austria will impose a 27. 5% capital gain on digital currencies, including Bitcoin and Ether. äàëüøå »
2021-11-11 18:53
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Biden Administration Sanction Another Crypto Exchange for Facilitating Illicit Transactions Along with REvil Operators
Cryptocurrency exchange Chatex is the latest one to be sanctioned by the Biden administration for facilitating financial transactions for hackers. An analysis of the exchange’s known transactions indicates that over half are “directly traced to illicit or high-risk activities such as darknet markets, high-risk exchanges, and ransomware,” said the US Treasury Department in a statement. äàëüøå »
2021-11-10 22:55
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Swedish Financial Supervisory Authority Calls For An EU-Wide Ban on Cryptocurrency Mining
Finansinspektionen, the Swedish financial supervisory authority, has called for a ban on cryptocurrency mining due to crypto-assets, citing them to be a threat to the climate. “Sweden needs the renewable energy targeted by crypto assets by crypto-asset producers for the climate transition of our essential services, and increased use by miners threatens our ability to […] The post Swedish Financial Supervisory Authority Calls For An EU-Wide Ban on Cryptocurrency Mining first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-6 16:57
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SEC Chair Calls for DeFi Projects to “Step Back” in Case of Unclarity Regarding Being A Security Or Not
Gary Gensler said they would also take “enforcement” actions against fraudsters, Ponzi scheme architects, and pump-and-dumps in the crypto space that “sends a message to the rest of the market.” The post SEC Chair Calls for DeFi Projects to “Step Back” in Case of Unclarity Regarding Being A Security Or Not first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-6 17:47
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US House of Representatives to Vote on Controversial Infrastructure Bill Today
The controversial trillion-dollar infrastructure bill that included an overreaching definition of ‘broker’ covering crypto miners, stakers, lenders, and decentralized applications, is now going for a vote in the US House of Representatives on Friday. äàëüøå »
2021-11-5 15:06
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The Best Approach to Cryptocurrency is Not A Ban, But “Strong Regulation,” says MAS Head
To keep from being left behind, Singapore is getting a head start with its regulations so that they can be prepared “for the web 3.0 world” and be well-positioned for the “tokenized economy.” The post The Best Approach to Cryptocurrency is Not A Ban, But “Strong Regulation,” says MAS Head first appeared on BitcoinExchangeGuide. äàëüøå »
2021-11-2 18:24
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CFTC Chair Calls for ‘Expanding’ the Agency’s Authority as ‘Nearly 60%’ of Crypto Are Commodities
Rostin Behnam, the nominee to lead the Commodity Futures Trading Commission (CFTC), wants the agency to have greater authority over the crypto market and be the “primary cop on the beat.” The CFTC is currently overseeing derivatives, but the Biden administration’s pick to head the CFTC said the explosive growth of digital tokens means their […] The post CFTC Chair Calls for ‘Expanding’ the Agency’s Authority as ‘Nearly 60%’ of Crypto Are Commodities first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-28 20:36
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FATF Releases Updated Guidance on Crypto Covering P2P, Stablecoins, DeFi, and NFT
Financial Action Task Force (FATF), the agency that makes anti-money laundering (AML) rules for governments to follow worldwide, released its updated guidance for crypto on Thursday. Based on prior guidelines issued in 2019 and the follow-up report from last year, the FATF has laid down new rules on everything from custodians to crypto exchanges. äàëüøå »
2021-10-28 16:50
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Dubai Financial Services Authority Releases Regulatory Framework for “Investment Tokens”
The Dubai Financial Services Authority (DFSA) has announced its regulatory framework for “Investment Tokens,” which can be securities or derivatives. The agency defines investment tokens as cryptographically secured tokens that represent rights and obligations similar to those conferred by a security or derivative or has a similar purpose and are issued, transferred, and stored using […] The post Dubai Financial Services Authority Releases Regulatory Framework for “Investment Tokens” first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-26 17:36
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SEC to Gain Significant Oversight on Stablecoins, Tether to Test Notabene’s Travel Rule Solution to Comply with FATF Guidelines
The US Securities and Exchange Commission (SEC) has moved closer to having significant oversight on stablecoins, said Bloomberg in a report citing people familiar with the matter. The Treasury Department and other agencies are reportedly planning to release a report this week that will indicate that the SEC has significant authority to regulate fiat pegged […] The post SEC to Gain Significant Oversight on Stablecoins, Tether to Test Notabene’s Travel Rule Solution to Comply with FATF Guidelines first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-26 16:02
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Decentralized Prediction Market Polymarket is Under CFTC Investigation: Report
New York-based decentralized prediction market Polymarket is under the scrutiny of a top Wall Street regulator. The Commodity Futures Trading Commission (CFTC) is investigating whether Polymarket is letting customers improperly trade binary options or trade swaps and if it should be registered with the agency, according to a Bloomberg report citing people familiar with the […] The post Decentralized Prediction Market Polymarket is Under CFTC Investigation: Report first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-26 20:05
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The Biden Administration Proposes Tax on Unrealized Capital Gains With ‘Build Back Better’ Plan
Treasury Secretary Janet Yellen has proposed a tax on unrealized capital gains. Speaking on CNN’s “State of the Union” over the weekend, Yellen said this new tax would be levied on the very wealthy. äàëüøå »
2021-10-26 18:41
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FATF to Publish Detailed Cryptocurrency Guidelines Late Next Week
The Financial Action Task Force (FATF) will be publishing its revised guidance for cryptocurrency firms very soon, said President Marcus Pleyer. The outcomes of the October plenary meeting of the FATF were released this week, in which the agency shared that it has finalized its guidance and plans to publish the updated version on October […] The post FATF to Publish Detailed Cryptocurrency Guidelines Late Next Week first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-23 20:58
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Australia to Push for A Cryptocurrency Framework to Promote Innovation and Investment
The Parliamentary committee chairman reviewing digital assets’ use says they don’t want to “put a new coat on an old hook,” and he is hopeful that crypto will “break the back” of de-banking. The post Australia to Push for A Cryptocurrency Framework to Promote Innovation and Investment first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-21 21:25
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NYAG Now Goes After Crypto Lenders, Nexo Says It Doesn’t Offer Services In New York Anyway
After settling charges with Tether and Bitfinex for $18. 5 million, the New York State Attorney General has now asked two cryptocurrency lending platforms to cease activities in New York. Three other platforms have also been directed to provide information about their business. äàëüøå »
2021-10-20 20:49
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Digital Currencies Reduce “Efficacy” of American Sanctions, says Treasury Department
The Biden administration is now warning that cryptocurrencies pose a threat to the sanctions program of the US and calls for modernizing how sanctions are deployed and using a more multilateral approach to them so that they remain an effective tool. äàëüøå »
2021-10-19 17:36
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Coinbase Calls for a New, Dedicated Crypto Regulator that “Comprehends this Technological Revolution”
The largest cryptocurrency exchange in the US wants the US to be the ‘shaper’ of modern financial services instead of a ‘taker’ of regulations which is at risk of becoming. The post Coinbase Calls for a New, Dedicated Crypto Regulator that “Comprehends this Technological Revolution” first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-15 16:29
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Cryptocurrency Regulation Should Be “Pursued As A Matter Of Urgency,” Says BoE Governor
The collapse of crypto “is certainly a plausible scenario,” says Jon Cunliffe due to “the power of herd behaviour,” as one of the reasons, much like the $1.2 trillion sub-prime market. The post Cryptocurrency Regulation Should Be “Pursued As A Matter Of Urgency,” Says BoE Governor first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-14 18:57
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Russia Has No Plans to Ban Cryptocurrencies Unlike China, says Deputy Finance Minister
A Siberian region, which relies heavily on hydroelectric power and is known for its cheap electricity, also saw its energy consumption surging 159% due to an “avalanche” of crypto-mining. The post Russia Has No Plans to Ban Cryptocurrencies Unlike China, says Deputy Finance Minister first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-14 23:28
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SEC Commissioner Says Crypto Projects Shouldn’t Be Able To Raise Money “More Cheaply And With Fewer Burdens”
Caroline Crenshaw is not in full support of the safe harbor proposal for crypto rather insists on building a bridge where “market participants accept proactive responsibility for compliance.” The post SEC Commissioner Says Crypto Projects Shouldn’t Be Able To Raise Money “More Cheaply And With Fewer Burdens” first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-14 22:00
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China Update: Binance, OKEx, and Gate Kicks Out CNY & Existing Users, WeChat Blocks Searches, Mining Share Goes to Zero
Leading cryptocurrency exchange Binance announced on Wednesday that it is delisting the CNY trading zone, starting Dec. 31, 2021, in response to the regulatory requirements of the local government. äàëüøå »
2021-10-13 17:55
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The Biden Administration Now Weighing an Executive Order on Cryptocurrency
The Biden administration continues to try to think of ways to regulate the burgeoning cryptocurrency industry. The latest move in this direction is the White House weighing an executive order on crypto as part of its efforts to set up a government-wide approach to cryptocurrency, reported Bloomberg citing people familiar with the matter. äàëüøå »
2021-10-10 18:20
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