The scope of the reporting obligations covers both trading platforms and custodial wallet providers.
Headquartered in Amsterdam, Flow Traders has been a principal trading firm and a major liquidity provider.
The proposed regulatory framework includes mandatory licensing for certain cryptocurrency trading platforms.
The organization will publish the public consultation draft in March.
The country is moving towards a ban on all cryptocurrencies.
Russian lawmakers still deem crypto assets to be property rather than currency for income tax purposes
Armour sought to change the ASIC’s reputation for being stuck in the mud when it comes to Bitcoin-linked products.
The market regulator was running a sandbox for crypto companies.
The new rules are in line with the FATF recommendations.
An ECB-backed digital currency would revamp the traditional banking system.
Cryptocurrency usage in Singapore is on the rise. Hence, the need for better crypto regulations to guide crypto activities in the country. In line with this, the Monetary Authority of Singapore (MAS) has proposed several new crypto regulations. According to...
The majority of digital-asset providers that were applied for a license operate crypto wallets and exchange platforms.
For the last few weeks, the blockchain community had been waiting for the new regulations that were rumored to be proposed imminently. There were widespread speculations about their nature and effect on blockchain's future. A lot of worse case ideas were being heard, including those hinting at an end to private custody or sort of a blanket wallet ban. They were finally proposed...
The license allows Bitpanda to offer regulated services under legislation governing digital asset service providers.
The need for the regulation of digital currencies has received backing from the G7 financial officials. These G7 financial officials consist of central bankers and finance ministers from the Group of Seven (G7) advanced economies. The U.S. Treasury Department recently released a statement that shows that the G7 finance officials have strongly supported that digital currencies should be regulated, as...
Failing to disclose data or deliberately providing false information is a criminal offense.
Many see regulations as an impediment to innovation and success. This view is pervasive in the decentralized crypto ecosystem. There are those, however, who maintain a different point of view. An article posted by Entrepreneur posits that fintech regulations can be a good thing and bring about innovation in the industry. The article...
Jeremy Allaire said that he is hopeful from Biden Administration to present a clear crypto regulatory framework.
The whole crypto ecosystem was built on the foundation of decentralization; to hand over the final control into the hands of the common man. However, as days are passing by, this ecosystem is turning more and more centralized, which defies the purpose of blockchain and cryptocurrencies. In many countries, crypto regulations are a “gray area.” While some countries have defined some regulations for...
The country’s legislative body said more time is needed to build the relevant tax infrastructure.
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