Regulation Financial News

10.02 / 06:41

regulation Investments Taxes Central Bank of Ireland nixes crypto funds: Too difficult 'for a retail investor'

The Central Bank of Ireland has stated that it is unlikely to approve investment funds for retail crypto investors because they lack the know-how to navigate the high-risk asset class.

09.02 / 12:11

Stablecoin regulation hearing us house US House Hearing on Stablecoins and Crypto Reveals Sharp Divide on Approach to Regulation

A hearing on stablecoin regulation in the US House of Representatives’ Financial Services Committee yesterday revealed strongly diverging views on both stablecoins and crypto more broadly among lawmakers on Capitol Hill.

09.02 / 11:13

Digital Currency regulation Bitcoin Russian gov't and central bank agree to treat Bitcoin as currency

The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement.

09.02 / 10:27

cryptocurrency regulation Bitcoin Russian Government Set to Launch Bill that Calls Bitcoin & Crypto a Currency Analogue

The Russian cabinet has reportedly thrashed out an agreement with the Central Bank on the matter of cryptoassets. Widespread media reports from the likes of Kommersant, as well as CNet explained that the agreement would see a draft law rolled out by February 18.

09.02 / 07:43

hacks regulation Scams bail 'Comedic rapper' charged over Bitfinex hack laundering out on bail

New York resident Heather Morgan, 31, claims to be many things: “a serial entrepreneur, prolific writer, irreverent comedic rapper, and investor in B2B software companies with high growth potential.”

09.02 / 04:21

cryptocurrency regulation Hong Kong Needs to Respond to Crypto Market Changes with New Rules - Treasury Chief

Hong Kong regulators and senior members of the government have spoken about their willingness of introducing new rules to police the crypto sector, with a new set of guidelines already formulated for crypto brokerages.

08.02 / 21:19

Law regulation Department Of Justice Bitfinex DoJ seizes $3.6B in crypto and arrests two in connection with 2016 Bitfinex hack

Authorities in the United States have made arrests and announced the seizure of $3.6 billion in cryptocurrency more than five years after hackers stole 119,756 Bitcoin from the Bitfinex exchange.

08.02 / 18:25

cryptocurrency regulation Tax Russia Plans Up To USD 13.3B In Crypto Taxes

Amid ongoing talks on new crypto regulation, the Russian government reportedly estimates that, if the country introduces regulations for the crypto market and imposes a tax on transactions that involve cryptoassets, it could generate as much as RUB 1tn (USD 13.3bn) in revenue for the state budget.

08.02 / 12:57

regulation Taxes Simple math says Russia could collect up to $13B in crypto tax each year

The Russian government is expected to collect up to 1 trillion rubles ($13 billion) in crypto tax each year, as per an estimation by the authorities.

08.02 / 07:49

regulation Bitcoin Power Crypto miners Kazakhstan proposes power price hikes and taxes targeting crypto miners

The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.

07.02 / 22:09

regulation partnerships Major crypto firms and groups form coalition aimed at promoting 'market integrity'

Several cryptocurrency exchanges and advocacy groups across different countries have banded together to form a coalition intended to fight market manipulation.

07.02 / 17:05

regulation DEX network Beginnings of sustainable and connected world apparent in scalable compute network mainnet launch

Blockchain holds significant promise for avid cryptocurrency investors and the world at large. Unfortunately, the keyword in this phrase is “promising.” Upon an initial industry inspection, high computing costs are among the apparent barriers before the technology is ready for prominent, real-world applications.

07.02 / 16:57

cryptocurrency regulation Tax Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes

Certain crypto and foreign currency transactions in Venezuela will be taxed at up to 20% after the government and parliament signed off on a rule aimed at reducing inflationary pressure on the troubled fiat bolivar.

05.02 / 00:35

Digital Currency regulation Asia Military Myanmar’s military government considers launching digital currency: report

The armed forces of Myanmar, which have been in control of the government since forcibly detaining many elected leaders in 2021, is reportedly planning to release a digital currency to help the local economy.

04.02 / 11:47

regulation SEC lending SEC’s Gensler Wants Crypto Exchanges, Lending Platforms to ‘Come and Work with’ Regulators

The US Securities and Exchange Commission (SEC) Chairman Gary Gensler has suggested that crypto exchanges and lending platforms should voluntarily work with the agency under existing securities laws.

04.02 / 07:29

Digital regulation coinbase Japanese government considers relaxing strict coin listing rules

The Japanese government is considering a proposal to make it easier for registered crypto exchanges to list digital assets in the local retail trading market.

03.02 / 19:37

business Blockchain regulation asset manager Russian central bank registers nation’s first digital asset manager

The Bank of Russia has registered tokenization service Atomyze as the country’s first digital asset management company, the central bank officially announced Thursday.

03.02 / 09:09

regulation Altcoin IRS Tezos NOT Court victory precedent: IRS may not tax staking rewards until sold

A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them a refund.

03.02 / 07:25

Government Adoption regulation ‘Philly is ready’ for CityCoins says city council

Philadelphia is on the cusp of following in the footsteps of Miami, Austin and New York City by partnering with CityCoins to develop a crypto for the city of Brotherly Love.

03.02 / 06:31

regulation Scams Court Meta Platforms Crypto scams Aussie billionaire sues Facebook over crypto scams with AG's consent

Australian billionaire Andrew “Twiggy” Forrest is taking Facebook to court over scammy cryptocurrency ads that he alleges used his name to defraud victims.

03.02 / 05:05

defi regulation lending UK government Agency Tax Agency UK tax agency cracks down on rules around DeFi lending and staking

Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has released a controversial set of guidance that could affect innovation in Decentralized Finance (DeFi).

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