2024-5-13 08:35 |
The draft law to regulate cryptocurrency in Turkey proposes licensing by the SPK and stricter oversight to enhance trading platform standards and compliance. origin »
|
Turkmenistan has passed a new law, legalising cryptocurrency activity after years of stringent controls. For years, Turkmenistan enforced a broad ban on cryptocurrency use, trading and mining. Severe internet restrictions and tight surveillance kept most citizens cut off from global markets.
The bill proposes a formal licensing regime for crypto firms and introduces stiff penalties for breaches of service obligations.
Spain’s Sumar parliamentary group has introduced a series of tax amendments that could significantly reshape how digital assets are treated in the country. The proposals target personal and corporate taxation, asset classification, and investor warnings, sparking a wave of criticism from legal experts and industry observers.
Vietnam has taken a decisive step in regulating its fast-growing digital asset market by approving a five-year pilot programme for crypto asset trading, reported Bloomberg. The move seeks to formalise activities that have flourished without legal oversight and establish clear structures for trading, issuance, and payments.
Onyxcoin (XCN) price is around $0. 015, down 19% over the past week. XCN is under pressure as the broader market battles fresh selling as traders book profits. Onyx V2’s anticipated launch and the regulatory clarity provided by the CLARITY Act could be a bullish catalyst.
In a surprising regulatory twist, the US Securities and Exchange Commission (SEC) has applied the brakes on Bitwise Asset Management’s effort to convert its cryptocurrency index fund into a spot exchange-traded fund (ETF).
The long-running legal battle between crypto advocacy group Coin Centre and the US Treasury Department over the sanctioning of Tornado Cash has been officially concluded, bringing a dramatic chapter in crypto regulation to a close.