Regulation — Page 106

Tax authorities were able to locate the crypto holdings of 1,566 tax delinquents.

Norway imposes a 22 percent tax for crypto earnings.

ASIC commissioner Cathie Armour recently spoke about her office’s stance on crypto during the Australian Blockchain Week event held on April 22.

Charlie Gasparino also revealed that the SEC will likely approve a Bitcoin ETF.

Recent data from South Korea's Financial Supervisory Service (FSS) reveal that crypto fraud cases reported rose by 41.6 percent.

Members of the 8th Congress of the Communist Party of Cuba (PCC) proposed to include crypto in the guidelines of the economic and social policy of the Party and the Revolution.

Comments made by Li Bo, the deputy governor of the People’s Bank of China, seem to suggest that China is softening its stance on Bitcoin.

With the John Doe summons, the IRS is sending a strong signal when it comes to enforcing tax laws on crypto transactions.

Crypto advocate Zia Ullah Bangash announced his resignation as a science and information technology advisor on Saturday.

Congressman Kevin McCarthy warned that the U.S. will end up losing its future competitiveness to other countries in the rapidly growing crypto economy.

The Central Bank of the Republic of Turkey issued a new regulation banning the use of crypto as payment, which will take into effect on April 30, 2021.

Hester Peirce likened banning crypto to shutting down the internet.

Investors in an alleged crypto scam in Spain lost around 250 million euros in cryptocurrencies such as BTC, ETH, and LTC.

Authorities seized the crypto mining hardware because the documentation did not “comply with the requirements for circulation, ownership, and operation of the bitcoin mining rigs."

The Spanish tax agency warned 14,800 crypto holders that they might be fined up to 5,000 euros for failure to disclose their crypto holdings in their tax filings.

Sri Lanka's central bank warned the public of 'significant financial, operational, legal, customer protection and security-related risks posed by investments in VCs.'

The top financial regulator in Japan, the Financial Services Agency (FSA) has sent a warning of the possible risks involved with crypto investment for younger citizens after new legislation is set to effectively lower…

Ron Paul believes that a government crackdown on Bitcoin and gold could happen because 'they have the ability to do it.'

The Japanese Financial Services Agency (FSA) indicated that the authority is considering to introduce the travel rules of FATF in April 2022 to the Japan Virtual and Crypto Assets Exchange Association (JVCEA) in a bid…

The UK’s Her Majesty’s Revenue and Customs (HMRC) has issued crypto tax guidelines for businesses. The regulations cover various assets and processes.

British financial regulator Financial Conduct Authority has published a new policy statement: from now on, crypto companies will be included in the category of businesses referred to as "REP-CRIM."

South Africa's Financial Sector Conduct Authority released its second crypto health warning as crypto-related losses surged in the past three months.

The Rosfinmonitoring is working with banks and the Russian Central Bank to monitor crypto to ruble transactions.

India's crypto community welcomed the move as it hints at the government's intention to regulate crypto trading and investments.

Buyers who plan to use Bitcoin to purchase a Tesla car need to compute the capital gains taxes for the transaction.

Argyle Coin Co-Founder Jose Angel Aman already paid more than $23.8 million to the SEC in restitution in a parallel 2019 case.

Norges Bank says Bitcoin is too resource-intensive, costly, and doesn’t preserve stability.

People can still trade and use crypto in Nigeria as the Central Bank's directive also covered banks.

Thailand’s central bank expects to issue regulations on asset-backed stablecoins this year, an assistant governor said on Friday (March 19), after warning against use of a new baht-denominated stablecoin that was crea…

South Korea's National Tax Service noted that around 36.6 billion won ($32.2 million) of assets are concealed using cryptos such as Bitcoin, Ether and Ripple.

The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet.

A man allegedly stole over $620,000 in cryptos from the 7t largest exchange in the world.

The securities watchdog in Texas has issued a cease-and-desist order against an allegedly fraudulent platform posing as the cryptocurrency company Binance.

India could introduce one of the world's strictest policies against cryptos.

Businesses dealing with virtual assets including cryptocurrencies must report their transactions to a government body and abide by anti-money laundering requirements, the Financial Services Commission (FSC) of South K…

A 52-year-old officer worker in Ishikawa became the first person sentenced for evading Bitcoin taxes.

Crypto mining has become very lucrative as the market rally pushed the prices of popular digital currencies such as Bitcoin (BTC) and Ether (ETH) to new all-time highs.

Thousands have already signed an online petition urging the Portuguese police to investigate social media influencers that provide crypto investment advice.

The main objective of Operation Hidden Treasure is to “root out tax evasion from cryptocurrency owners.”

CPA Australia is a professional accounting organization in Australia that has been working since 1886 with more than 166,000 employees in over 150 nations globally.