Inherited or gifted digital assets will be taxed based on the average price of the crypto the month before and after the date of the donation or the date of the commencement of inheritance.
The temporary ban on crypto mining is expected to free up 209 megawatts of power for household use,
Bank of Russia sad that the move is aimed at identifying risk areas associated with the use of payment cards and wallets issued to fictitious individuals by cryptocurrency exchangers, online casinos, and unscrupulous …
The crypto scammer duped his victims into investing by promising high returns of up to 400 percent in just 200 days.
The country’s Financial Crimes Investigation Board (MASAK) has imposed an 8 million lira (around $750,000) fine on Binance Turkey.
The government reportedly “wants to hold wider consultations on the matter” and it is highly unlikely that the bill will be drafted before March as the Finance Ministry and institutional stakeholders have other priori…
Japan’s recently approved tax plan might negatively impact the country’s crypto sector.
The number of BTC purchased is also to commemorate the scarcity of Bitcoin’s supply, which is only limited to only 21 million BTC by design.
Banning cryptocurrencies would pose a practical challenge for regulators due to the decentralized nature of digital currencies.
Once the bill is passed, the Industry and Commerce Secretariat, along with the National Securities Commission, Anti-Money Laundering Office, and National Electricity Administration, will regulate the crypto mining ind…
The Advertising Standards Authority banned seven crypto ads on December 15 for “irresponsibly taking advantage of consumers’ inexperience and for failing to illustrate the risk of the investment.”
No major banks in the U.K. have direct exposure to crypto but they are starting to offer related services such as custody and derivatives trading.
The NUG is hopeful that using the world’s largest stablecoin as an official currency could potentially make it easier for it to raise funds and make payments.
Russia’s monetary authority will allow users not residing within its jurisdiction to open and use digital ruble wallets and will facilitate the CBDC’s conversion to foreign currencies by non-residents.
The PM’s office also advised everyone to ignore any social media post made using Modi’s personal account during the time it was compromised.
CFTC Commissioner Dawn Stump noted that it’s becoming commonplace for regulators including her own agency to punish firms without giving them the necessary guidance for compliance.
Some lawmakers argued that there are no measures in place that will help identify taxable income from crypto trading done via overseas exchanges.
The company claimed that SEC’s decision has been “arbitrary and capricious” considering that the agency already approved three Bitcoin futures ETFs.
A Bank Indonesia official said that a CBDC would be one of the tools to fight crypto.
Finance Minister Nirmala Sitharaman revealed that there is no proposal from the government to recognize Bitcoin as currency in the country.
The government sees a huge opportunity in luring rich crypto-owning tourists which could help offset lost tourism revenue due to the coronavirus pandemic.
Recently, there were speculations that the government could impose a ban on private crypto based on a bulletin posted on the Indian parliament’s website Lok Shabha.
The country's monetary authority estimates that the annual volume of crypto transactions in the country is worth around $5 billion.
Some experts believe the government might impose strict regulations but not impose an outright ban on crypto.
The government is now allowing its residents to trade crypto as long as it’s done on licensed trading platforms.
British lenders still have a lot of time to make adjustments as a digital pound isn’t likely to arrive within three years.
The country’s top financial regulator wants the National Assembly to bring criminal liability to price manipulations, insider trading, and other unfair behavior.
The group pointed out that there are no existing laws criminalizing crypto in the country.
Senator Jane Hume said that crypto is not a fad and encouraged Australia to forge its own trail in this area.
Investors could soon be less influenced by fads and FOMO while the high energy usage in Bitcoin and Ethereum mining, as well as crypto's potential use in crime, could increase regulatory scrutiny.
While some countries are already in various stages in the development of their central bank digital currencies, three Federal Reserve governors said that there is no reason for the Fed to issue its own CBDC.
The Justice Department said that the liquidation is the “largest single recovery of a cryptocurrency fraud by the United States to date.”
Sian Berry argued that the transport system should not be used to market unregulated and risky schemes to London’s commuters.
Existing Singapore-based users are given until the first quarter of 2022 to close their accounts.
The Financial Services Commission (FSC) said that non-fungible tokens won’t be regulated as it does not consider NFTs virtual assets.
El Salvador's next BTC-related project aims to promote cryptocurrency education for locals and will be funding using profits made from the crypto asset.
While a number of central banks worldwide are already considering the issuance of a CBDC, the BIS also questioned the need for such projects and pointed out that CBDCs present their own policy challenges for EMDE auth…
ASIC recently released a set of regulatory requirements for firms seeking to offer ETPs, including exchange-traded funds, managed funds, and structured products.
The lack of clarity from the Bank of Spain, the country’s central bank, has prevented these financial institutions from making their entry into the crypto space.
The total losses due to crypto fraud from January to October this year already surpassed losses for the entire year of 2020 by almost a third.
