The HKMA warned stablecoins could enable easier capital flight in a financial crisis undermining a central bank’s control over the economy or undermine payment integrity due to financial or operational failures.
The license for crypto service providers will be valid for a year and will be granted to both national and foreign firms and individuals.
The Bitcoin bill was first proposed in 2015 by Federal Deputy Aureo Ribeiro.
The Middle East is one of the fastest-growing crypto markets in the world and now accounts for up to 7 percent of global trading volumes.
Minister Darragh O’Brien is proposing to amend a 2022 Electoral Reform Bill to include a ban on crypto donations to political parties citing fears of Russian interference in Ireland’s elections.
The Hydra Market has probably the highest turnover among illegal marketplaces worldwide with sales of at least €1.23 billion ($1.35 billion) in 2020 alone.
Aside from the high tax rate for crypto, many investors are discouraged by the inability to offset losses against profits in crypto trading.
The fact-funding study will explore other issues associated with the use of cryptos such as financial stability, consumer benefits and risks, financial stability, security concerns, and environmental impact.
Thailand's SEC clarified that it will only ban crypto’s use in payments but the trading of crypto and other digital assets are still allowed.
The Communications Deputy Minister is calling for the legalization of crypto for certain transactions as he believed in the importance of the crypto industry, describing it as the “business and financial program of th…
The Salvadoran Chamber of Commerce conducted a survey between January 15 and February 9 this year involving 337 companies to gauge Bitcoin usage among businesses.
Bitwise CIO Matt Hougan believes that the executive order on crypto could set the stage for the next bull market.
Japan’s Ministry of Finance and the FSA jointly announced penalties on crypto platforms that fail to comply with sanctions against Russia, which could include a fine of up to a million yen and jail time for their exec…
The EU’s amendments to adopt further targeted sanctions and clarified cryptocurrency’s inclusion are meant to address concerns that Russia might use crypto for evading sanctions.
The long-awaited directive is the first-of-its-kind that exclusively focused on the growing digital asset sector amidst growing concerns of the lack of regulatory clarity in the industry, which ballooned to more than …
House Bill No 263, which was submitted by Delegate Christopher T. Head in January 2022, sought to amend the Code of Virginia to allow eligible banks to offer crypto custody services.
With the restrictions in place, Ukrainians are turning to crypto such as the USDT stablecoin while Bitcoin is the crypto of choice for those who want to donate funds for the Ukrainian military.
As the call to impose a bloc-wide ban on crypto mining gained momentum, crypto advocates expressed their concern that regulators might be rushing into a ban when regulations would have sufficed.
An EU diplomat said that the plan to include crypto firms under the AML watchdog’s oversight is aimed at providing more explicit coverage of crypto transactions.
The combined remaining crypto balance of the identified addresses is only around 6 BTC.
The rules outlined registration and reporting requirements for virtual asset service providers (VASP) that are aligned with the European Union’s fifth AML directive and the Financial Action Task Force (FATF) guideline…
The rules are aimed at preventing a repeat of last year’s ethics scandal where officials actively made trades, often ahead of key policy decisions.
Governor Jared Polis said that Colorado plans to accept Bitcoin (BTC), Ethereum (ETH), and other cryptos for taxes and other payments by summer.
RBI's deputy governor T Rabi Sankar expressed his preference for imposing a ban on cryptocurrencies.
Instead of banning crypto trading and mining, Russia is opting to regulate the industry.
The seized crypto is part of the 119,754 Bitcoin stolen in the 2016 Bitfinex hack.
While there are those who expressed concerns that the taxation scheme could discourage participation from retail investors, there are also those who believe that it is ultimately beneficial to the industry as it may h…
Indian Finance Minister Nirmala Sitharaman announced that a 30% tax will be levied on any income from the transfer of virtual digital assets.
The announcement came as the planned taxation scheme received heavy opposition from industry participants.
The Central Bank of the Russian Federation, also known as the Bank of Russia, is proposing to ban an array of crypto activities, such as its issuance, exchange, and mining.
Facing high inflation rates, some of the city’s residents have learned to use cryptos such as Bitcoin as an inflation hedge.
El Salvador purchased 410 BTC when the crypto plunged below $37,000 last week.
Presidential candidate Yoon Suk-yeol of South Korea’s conservative People Power Party said that he plans to raise the threshold for taxes on crypto earnings to 50 million won (around $42,000).
Bitfinex said that effective immediately, it will close accounts of Ontario-based customers that do not have balances.
However, Powell also pointed out that investing in crypto might be risky especially for those who are not sufficiently knowledgeable on the new asset class.
With the significant growth of the crypto market last year, the Revenue Department is planning to strengthen its surveillance of crypto trading this year.
The CBDC pilot, which ran for eight months, was completed on December 31, 2021.
The decision to ban crypto mining was based on recommendations made last week by the Technical Committee on Emergency Measures for Energy Supply.
The Ontario Securities Commission (OSC) clarified that the exchange is not registered under the securities law in Ontario and described Binance’s action of sending emails as unacceptable.
Authorities said that the frozen accounts were used to process transactions worth 51 million rupees (around $288,000) to and from crypto exchanges including Binance, Coinbase, and Coinmama.
