Ukraine regulator drafting crypto tax rules

A special council has just been created in Ukraine to draft crypto taxation regulations and strengthen existing laws.

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US President Joe Biden is pushing for tighter crypto regulations

During the G20 leaders’ summit in Indonesia, US President Joe Biden issued a statement in response to the FTX fiasco. Biden calls for stricter international crypto regulation, which would compel crypto exchanges to abide by rules similar to traditional finance.…

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Report: FATF's 'Grey List' includes countries ignoring crypto-AML rules

The Financial Action Task Force (FATF) has a 'Grey List' for nations that don't follow its "Anti-money laundering (AML) regulations for cryptocurrencies." According to a report by Al Jazeera, the The post Report: FATF's 'Grey List' includes countries ignoring crypto-AML rules appeared first on AMBCrypto.

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Low Cap Cryptos May Find Home in Japanese Crypto Exchanges After New Regulations

Japan regulator will reportedly amend certain rules, making it simpler for exchanges to list new digital assets. The post Low Cap Cryptos May Find Home in Japanese Crypto Exchanges After New Regulations appeared first on BeInCrypto.

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US lawmaker says crypto regulation from SEC is 'needed now'

Senator Hickenlooper requested the SEC engage with the public by opening a “notice-and-comment period” to develop rules and regulations applicable to crypto.

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Thai SEC Sues Bitkub Crypto Exchange For Alleged Wash Trade

Thailand was the first in Southeast Asia to implement digital-assets regulations in 2018. The move attracted investors to cryptocurrencies. After that, however, the crypto industry started facing setbacks as regulators tightened rules during trading irregularities and the collapse of a top exchange.

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EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA

A leaked draft of the text, reviewed by CoinDesk, shows the rules could apply to fractionalized NFTs.

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Indonesia’s Trade Ministry To Tighten Regulations Governing Cryptocurrency Exchanges  

Indonesia’s Trade Ministry plans to enact tight rules on cryptocurrency exchanges within its borders to give the local administration more control over digital asset transactions. Indonesian Exchanges Chocked by the Trade Ministry The Trade ministry plans to achieve more DeFi…

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Iran implements rules allowing businesses to use crypto for import trade transactions

The administration of Iran has passed a set of regulations on trade transactions with cryptocurrencies, according to Reza Fatemi Amin, minister of industry, mines, and trade. The post Iran implements rules allowing businesses to use crypto for import trade transactions appeared first on CryptoSlate.

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Singapore mulls tightening rules around crypto-trading by retail investors

Singapore is planning to introduce new regulations that will tighten the trade of cryptocurrencies by retail investors, according to one of the country's leading regulatory officials. The step is beinThe post Singapore mulls tightening rules around crypto-trading by retail investors appeared first on AMBCrypto.

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Coinbase Petitions SEC to Clarify Crypto Rules

US cryptocurrency exchange Coinbase has petitioned the country’s securities regulator to clarify regulations surrounding the trading of digital assets. The post Coinbase Petitions SEC to Clarify Crypto Rules appeared first on BeInCrypto.

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BoE calls for tougher rules as crypto market plunges $2 trillion

Bank of England’s (BoE) Financial Policy Committee believes the crypto industry needs more stringent regulations as the crypto market cap’s decline from almost $3 trillion in late 2021 to $900 billion in six months exposes vulnerabilities in the market, Bloomberg News reported July 5.

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BHero highlights the importance of being fully compliant with cryptocurrency regulations and laws

Until a few years ago, there was no regulation for cryptocurrencies in Europe, but this is about to change because the European Union’s executive body designed a set of rules to guard investors and establish market stability by asking platforms and cryptocurrencies compliance, transparency, authorization, and licensing.

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Key US Senators Introduce Crypto Bill Outlining Sweeping Plan for Future Rules

A wide-reaching, bipartisan crypto bill finally emerged Tuesday from U. S. Senators Cynthia Lummis (R-Wyo. ) and Kirsten Gillibrand (D-N. Y. ), who are seeking to extend a comprehensive set of regulations across digital assets in the U.

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Global cryptocurrency regulations possible in 2023

There is a chance that the same rules will apply to all crypto markets…

The post Global cryptocurrency regulations possible in 2023 appeared first on Coin Journal.

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India Has New KYC Requirements For Crypto Businesses

Crypto regulations are all the rage in 2022, and while India is yet to roll out its regulations for the nascent market, it has applied new rules to the market in recent times. In its latest directives, the government now requires crypto service providers to store customer data for five years. Details Of The Latest […]

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UK Crypto Industry Hopes for More Clarity From Planned Stablecoin Rules

A new regulatory package for crypto could clear up some gray areas for digital asset companies around which regulations they should comply with.

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Bank of Japan official calls for G7 nations to adopt common crypto regulations

The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly, as current rules do not take into account the potential for digital assets to be used to skirt sanctions.

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UK set to unveil a new crypto regulatory regime

The UK is expected to introduce a fresh set of rules to regulate the cryptocurrency sector. The regulations will focus on stablecoins. Stablecoins are cryptocurrencies backed by other assets such as fiat currency, commodities or other coins.

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Coinbase introduces new rules for crypto transactions in some countries

Regulations continue to give crypto exchanges a hard time.

The post Coinbase introduces new rules for crypto transactions in some countries appeared first on CryptoSlate.

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Crypto miners exempt from IRS reporting rules, US Treasury affirms

The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations.

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FINTRAC to Enforce Stricter Rules for Crypto Companies to Comply with FATF’s Regulations

The Canadian financial crimes watchdog is making preparations for the implementation of its new powers on virtual currency oversight before the June 2020 deadline set by the Financial Action Task Force (FATF).

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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Out of Business

Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.

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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business

Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.

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Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U. K. We also cover numerous crypto regulatory developments in the U.

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Deribit Cryptocurrency Exchange Withdraws From Europe, Others Likely to Follow

The EU-based cryptocurrency exchange Deribit has announced it is moving to Panama amid new anti-money laundering regulations in the European Union that are coming into full force on Jan 10. The new, stricter rules coming into play will likely force out other European trading platforms going forward as well.

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Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship

As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless.

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Crypto Custodians Grapple With Germany’s New Rules

While a grandfather clause allows crypto custodians to keep serving German customers without being penalized, those same companies are waiting on financial regulator BaFin to release final regulations around the law.

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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.

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Crypto Regulation Is Coming To Europe: Are Exchanges Ready for New Rules?

European crypto companies have a countdown clock on regulations kicking in on Jan. 10 next year. So how are they preparing?

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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.

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Cryptocurrency Regulations: The Good, The Bad And the Future

In June 2019, the Financial Action Task Force (FATF), an inter-governmental agency created to address and reduce international money laundering, terrorist financing, and other financial threats, released new guidelines for international banks.

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Iranian Government Implements Cryptocurrency Rules

Iranian authorities have implemented new regulations to govern all cryptocurrency-related activities in the state. The new law stipulates that all crypto-related transactions in the region remain illegal and cryptocurrency miners are required to obtain the relevant licenses while also operating in compliance with other guidelines, reports PressTV on August 5, 2019.

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From Belarus to Bahrain and Singapore: Small Nations Enthusiastic About Crypto

Coinspeaker From Belarus to Bahrain and Singapore: Small Nations Enthusiastic About CryptoA number of new players in the industry are creating an alternative option by drafting specific rules and regulations for cryptocurrency.

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Bitcoin to Be Regulated by New Rules Made Inside US Agencies: US Treasury Chief Mnuchin

The head of the US Treasury believes new crypto regulations will emerge from US agencies to prevent Bitcoin and Co from harming the current global financial system

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French government to create ‘ICO white list’ with new regulations

While the world is looking at Facebook’s Libra and its recent senate hearing, France is knuckling down and is set to approve the first wave of cryptocurrency businesses under new legislation. Under the rules, cryptocurrency-related firms will voluntarily abide by a regulatory framework that requires them to pay tax, provide consumer protection, and meet capital requirements, Reuters reports.

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Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net

Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […] The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net appeared first on CCN Markets

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Multi-Million Bitcoin ATM Scheme Exposes Holes in EU's Money Laundering Net

Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […] The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU's Money Laundering Net appeared first on CCN Markets

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Spanish Police: Bitcoin ATMs Highlight Flaws in EU Money Laundering Rules

Following a Spanish investigation into a gang’s recently-busted money laundering operation, the nation’s police force claim to have exposed gaps in the European Union’s regulations designed to prevent money laundering.

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Bitcoin ATMs Expose Loopholes in EU’s Anti-Money Laundering Laws, Claims Spanish Police

In an effort by Spanish law enforcement agencies to nail a criminal gang that has been utilizing Bitcoin ATMs to send about $10 million to drug dealers in Colombia and other nations, has exposed the glaring loopholes that exist in the EU's anti-money laundering laws.

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Canada relaxes rules for cryptocurrency exchanges despite ongoing QuadrigaCX saga

Reassurance for Canadians: Cryptocurrency exchanges across the nation will now only have to report transfers of more than CA$10,000 ($7,663). It comes after the Canadian government relaxed some of its new anti-money laundering regulations following feedback from payment service providers and cryptocurrency exchanges.

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Japan holds crypto exchange FISCO on the grounds of anti-social activities

The Financial Service Agency (FSA) took FISCO cryptocurrency exchange to task earlier today for business violation. This development comes as an aftermath of FISCO’s raid that was carried out in February.

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Group Of Seven Task Force Created In Wake Of Libra Announcement

France’s central bank governor Francois Villeroy de Galhau has announced the creation of a Group of Seven central bank governors task force, which will work to produce a study outlining how central banks can regulate Facebook's Libra cryptocurrency to keep it in line with anti-money-laundering regulations and consumer protection rules.

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Tightened Identity Regulations Could Spell Trouble for Crypto Exchanges

The Financial Action Task Force (FATF) is set to release new rules and guidelines regarding the cryptocurrency market. Per a report on Bloomberg on June 11, 2019, the upgraded guidance seeks to apply bank rules to the innovative sector.

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France Set to Introduce Clear Regulations for Cryptocurrency Token Sales

The French government is looking to introduce clear-cut regulations for ICOs in the country. As reported by Crowdfund Insider on June 10, 2019, regulators in the country want to issue rules governing the issuance of utility ICO tokens, which would serve as a new “ICO regime.

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Twitter’s simplified policies won’t help fix its underlying abuse problem

Brevity is baked into the way we tweet, but now Twitter is implementing this philosophy on its own rules. The social microblogging platform has updated, reorganized, and shortened its regulations in an attempt to make it clear for users to understand what is and isn’t acceptable on the service.

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Kin Foundation launches ‘defendcrypto’ campaign to take on the SEC; requests new Howey test for crypto

Regulations in the cryptocurrency market have been of utmost importance, with many proponents of the field defending the industry by asking for fair and just rules for its proper functioning. Recently, Anthony Pompliano, Co-founder of Morgan Creek Digital Captial, announced that Kin Foundation was launching a campaign to ask for better regulations for the world […] The post Kin Foundation launches ‘defendcrypto’ campaign to take on the SEC; requests new Howey test for crypto appeared first on AMBCrypto.

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Anti-Money Laundering Efforts in Japan Become More Aggressive Towards Bitcoin

Japan is tightening their anti-money laundering efforts to go after Bitcoin exchanges. Russian and Dutch governments are also becoming restrictive in their cryptocurrency regulations, particularly involving money laundering efforts.

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FATF Orders Lawmakers To Expand Crypto Terminology On Federal Bill, Delays Adoption Of Regulations

FATF Orders Lawmakers To Expand Crypto Terminology On Federal Bill, Holding Up Adoption Of Regulations Adoption of cryptocurrency regulations has been postponed in Russia. FATF requires the terminology be changed to reflect major industry phrases like “Bitcoin” and “cryptocurrency.

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2020 Presidential Runner Andrew Yang Affirms Regulars Need To Be Clear With Crypto Rules and Regulations

Andrew Yang is the crypto candidate for president of the United States. Because of this, he basically had to appear on Consensus 2019, the most important crypto conference in the United States. There, the hopeful candidate discussed several issues like Bitcoin, the blockchain technology and his pretension to run for the White House. During his […]

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