Regulation Financial News

27.12 / 13:13

Mining regulation Bitcoin Iran halts authorized crypto mining to save energy for winter

Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to halt operations of authorized cryptocurrency mining centers.

25.12 / 04:05

NFT regulation Tax guidelines Updates NOT Japanese Tax Body Updates Crypto Guidelines for Staking and Lending, but Not NFTs

Japan’s tax body – the National Tax Agency – has updated its crypto FAQs, addressing issues including staking and crypto lending. But the body has made no mention of non-fungible tokens (NFTs) or token airdrops – a sign that it does not currently consider NFT trading or airdrops taxable.

24.12 / 19:31

Mining regulation Crypto miners Russian Provinces Free to Make Crypto Miners Pay Higher Electricity Rates, Says Gov’t

Crypto miners in Russia could be set to pay higher electricity fees in 2022, but the development could allow miners to ply their trade without further scrutiny from energy providers – who may even assist them in setting up their operations in ways that place less strain on local grids.

23.12 / 23:05

Government regulation lawmaker US lawmaker planning to introduce comprehensive crypto bill in 2022: report

Wyoming Senator Cynthia Lummis, one of the United States lawmakers behind many pro-crypto pieces of legislation, is planning to introduce a comprehensive bill next year to handle digital assets.

23.12 / 14:03

cryptocurrency regulation Central Bank crypto law No Progress on Russian Crypto Law until February 2022 at the Earliest, Says Duma Chief

Those hoping to see crypto regulations roll out in Russia will need to wait until at least February next year to see what any draft legislation might look like, per a key parliamentarian.

22.12 / 19:55

Government Binance regulation Digital payment 100 digital payment token firms in Singapore fail to win licenses: Report

More than 100 out of 170 “digital payment token services” in Singapore have reportedly failed to obtain licenses from the local financial regulator, the Monetary Authority of Singapore, or MAS.

22.12 / 14:43

Adoption regulation Media Agency China’s state-run news agency to launch NFT collection

In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of NFT collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish 10,000 copies of 11 photos taken by journalists in 2021.

22.12 / 13:59

cryptocurrency regulation Custody US Regulator Tells Credit Unions They Can Team Up with Crypto Firms

America’s credit regulator, the National Credit Union Administration (NCUA) has told domestic credit unions that they can partner with third-party cryptoasset service providers to give their members access to crypto markets.

21.12 / 17:39

regulation Investments foreign Bank of Russia to allow crypto investment via foreign firms: Report

Russia continues sending mixed signals to the cryptocurrency markets as more reports provide details on the country’s upcoming crypto regulation.

21.12 / 04:05

regulation Latin America Argentine Crypto Firm Sets up El Salvador Base to Side-step Fiscal Reporting Duties

The bitcoin (BTC)-keen El Salvador President Nayib Bukele has bet big on international crypto firms’ willingness to relocate to his country, opening the door for crypto companies to set up shop in the nation. And there are tentative signs that his much-hoped for crypto exodus has begun.

20.12 / 22:15

regulation Bitcoin Indian Indian parliament's agenda for winter session no longer includes crypto bill

The Indian government may still be considering a bill that could ban certain cryptocurrencies in the country, but lawmakers are unlikely to vote on any legislation in the current parliamentary session.

20.12 / 20:11

Government regulation SEC end SEC commissioner Elad Roisman will leave by end of January

Elad Roisman, one of five members of the Securities and Exchange Commission’s board, has announced his intention to resign from the government agency.

20.12 / 12:51

Mining regulation Latin America Paraguay: Bitcoin & Crypto Mining Bill Passes Senate, Heading to Lower House

Crypto advocates have secured a remarkable victory in Paraguay, with a piece of crypto mining legislation – a private member’s bill – passing a vote in the Senate with a resounding majority.

20.12 / 11:43

Blockchain Adoption regulation Indian Indian state government to accredit Web2 and Web3 blockchain startups

The state government of Telangana announced the launch of the India Blockchain Accelerator program to foster early-stage Web2 and Web3 startups and blockchain developers aimed at solving real-world challenges. The program will be launched in partnership with unicorn crypto exchange CoinSwitch Kuber and Lumos Labs, a technology innovation management firm.

18.12 / 20:19

Law Adoption regulation corruption Cure for the itch: Deputizing blockchain to fight public corruption

Puerto Rico recently announced that it may be looking for a blockchain solution to fight government corruption, particularly after a Puerto Rican mayor pleaded guilty to accepting a cash bribe of more than $100,000.

18.12 / 12:19

Law regulation Bitcoin Creating a pathway for crypto market growth through better regulation

As supply-chain woes continue and the U.S. dollar battles to fight back inflation concerns, crypto remains an alluring port in the current financial storm.

18.12 / 00:55

Law Stablecoin regulation financial stability Financial US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system

In an annual report published on Friday, the United States Financial Stability Oversight Council, or FSOC, voiced its concern over the adoption of stablecoins and other digital assets.

17.12 / 19:33

regulation Ban Central Bank Bank of Russia governor: Banning crypto in Russia is 'quite doable'

In a Friday press conference, Central Bank of Russia governor Elvira Nabiullina further escalated the fear, uncertainty, and doubt (FUD) surrounding the state of crypto regulation in the country. When asked about the rise of digital assets, Nabiullina gave the following remarks, as reported by local news outlet finmarket.ru and translated by Cointelegraph:

16.12 / 16:20

Adoption regulation Tether Asia Tether lauds Myanmar shadow government for making USDT an official currency

Tether, the issuer of the eponymous stablecoin, has praised the decision of Myanmar’s parallel government, The National Unity Government (NGU), to use USDT as an official currency.

16.12 / 13:53

cryptocurrency regulation Central Bank regulatory Aussie Regulatory Body Backs Government’s Plan to Regulate Crypto

In a bid to develop new regulations for cryptocurrencies and other digital assets, Australia’s regulators - acting through their joint body, the Council of Financial Regulators (CFR) - have released a statement in which they embrace the government’s plan to implement a payments and crypto-asset reform.

16.12 / 13:31

regulation Central Bank Bitcoin Thailand to define ‘red lines‘ for crypto in early 2022

The government of Thailand is preparing a new regulatory framework for cryptocurrencies like Bitcoin (BTC) in order to minimize risks and improve investor protection.

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