Is ADA looking like the next XRP? Rumors of regulatory concerns are flying around as eToro delists the token. Hoskinson argues back calling on the widespread misinformation, he is not worried about ADA's future. A recent announcement from eToro seemed to have put Cardano in hot waters. The cryptocurrency exchange said it would be limiting the...
The government of Laos issued exclusive crypto regulation guidelines this Tuesday, encouraging cryptocurrency mining operations and trading platforms in the nation, but assuring that the government also benefits from the industry. While attempting to pull off a rather commercial move as something charitable, Laos' Minister of Technology and Communications, Dr. Boviengkham Vongdara backed the new The post This Country is promoting Crypto businesses,...
Argentina has announced new taxation for crypto transactions based on the existing credits and debts. The announcement came on Wednesday reversing the earlier exemptions granted to third-party payment service providers and businesses. The official decree read, “The exemptions provided for in this decree and in other regulations of a similar nature will not be applicable The post Argentina Announces New Taxation on Crypto...
The Central Reserve Bank of Peru's (BCRP) President, Julio Velarde, announced they are working on developing a CBDC in collaboration with other central banks around the globe. As the country experiences instability and inflation in goods and services, the central bank discusses financial models to fight...
The exchanges will likely fall under the GST regime of the country.
Taiwan authorities have struck back after a long haul, changing the game for crypto businesses in the area. At the latest Cabinet meeting, Taiwan's Ministry of Economic Affairs (MOEA) announced the switch, changing the crypto businesses' category, further listing them under "finance, insurance, and real estate" as "virtual currency platforms and trading businesses", after removing The post Taiwan regulators list Crypto under new...
Patricia, a crypto exchange, revealed its fundraising plans in an interview with Bloomberg. The exchange moved its...
The Indian Central Bank governor Shaktikanta Das has once again raised alarm on the inclusion of cryptocurrencies in the financial system. Das called cryptocurrencies a very serious concern for the macroeconomics of the nation as well as from a financial stability point of view. The governor is well known for making such statements and has The post Breaking: Indian Central Bank Governor Calls...
The Kazakhstan national parliament has passed a law that subjects crypto service providers to the country’s financial monitoring system. The law aims to protect investors and also prevent crypto-related crimes from happening. According to a...
Senator Olga Perepechina warned of criminal crypto activity
The Australian senate committee made 12 proposals to modify the current license and regulations over crypto assets, as well as the laws of taxation. The lawmakers believe Australia could take the lead in the digital economy if the laws were amicable. The Senate Committee on Australia as a Technology and Financial Center (ATFC) states that the current regulations need to be adapted. As...
Spanish banks are gearing up in preparation for the upcoming crypto regulations. But in line with the regulations, the Bank of Spain must first put together, a list of virtual assets service providers by October 29. Now, this in itself would naturally not be a major challenge, but for the bogus nature of the whole The post Crypto regulations for Spanish banks might...
The warning came when retail crypto investments in the country are skyrocketing.
Tether and Bitfinex - the issuers of the highly popular cryptocurrency USDT stablecoin have agreed to pay $42.5M in fines to the Commodity Futures Trading Commission (CFTC) for false claims that the Tether Stablecoin was fully backed by US Dollars and over execution of illegal transactions while operating Bitfinex cryptocurrency trading platform, a...
As many as 7 lawmakers from the United States Congress have sent an open letter to the Federal Reserve Chairman, Jerome Powell, demanding to know how the American apex bank aims to support innovations bordering on digital currencies. Spearheaded by Reps Tom Emmer, Ted Budd, Ro Khanna, Darren Soto, Frank Lucas, Glenn “GT” Thompson, and The post US Lawmakers Want to Know Powell's...
Like other countries, Authorities in France have recently warned investors in France against unauthorized crypto services. Two regulators, Autorité des Marchés Financiers (AMF) and Autorité de Contrôle Prudentiel et de Résolution (ACPR), have updated the list of blacklisted platforms that...
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