The Indonesian government is yet to finalize the transfer of crypto asset oversight from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK), as required by the Financial Sector Law, as reported...
China's State Administration of Foreign Exchange has rolled out new regulations requiring banks to identify and report high-risk transactions, including those tied to cryptocurrencies. This move is expected to create significant hurdles for mainland investors seeking to trade Bitcoin...
Starting January 1, 2025, cryptocurrency mining will be deemed illegal in Chechnya, with violators facing severe punishment, according to Adam Delimkhanov, a lawmaker in the Republic’s legislative chambers. Speaking to local media outlet Tsargrad TV, Delimkhanov stated that crypto...
As cryptocurrencies get increasingly integrated into mainstream finance, tax policies have emerged as a critical regulatory tool. Governments worldwide have introduced various frameworks to generate revenue from the sector. While these efforts add legitimacy to the industry, they also...
The Reserve Bank of India (RBI) has raised concerns about cryptocurrencies, including stablecoins, warning they pose significant risks to the country’s financial stability. In its latest 2024 Financial Stability Report, the RBI noted that despite a surge in crypto...
Hong Kong lawmaker Wu Jie has called on the region’s government to explore the possibility of including Bitcoin in its fiscal reserves, according to a local media report. The report revealed that Wu suggested the Hong Kong Special Administrative...
The People's Bank of China recently released its China Financial Stability Report 2024, which offers a detailed analysis of global cryptocurrency regulations, focusing on Hong Kong's regulatory progress. The report highlights increased global regulatory oversight of crypto assets following...
The National Bank of Cambodia (NBC) has authorized commercial banks and payment service providers (PSPs) to offer limited services involving crypto assets, excluding unbacked cryptocurrencies. The policy update, detailed in a directive issued on December 26, 2024, permits the...
The crypto industry is at a pivotal moment. Once hailed as a beacon of financial freedom, it now grapples with regulatory pressures that threaten to dilute its revolutionary ideals. Policies like Know Your Customer (KYC) and Anti-Money Laundering (AML)...
The Russian government has approved a sweeping ban on cryptocurrency mining in ten regions, effective January 1, 2025, through March 15, 2031. The decision, reported by the State-owned news outlet TASS on December 24, addresses local electricity shortages and...
