The US Department of the Treasury issued a semiannual regulatory agenda on August 16, 2024, proposing a revised definition of "money" to include cryptocurrencies and other digital assets. This redefinition essentially brings cryptocurrencies under the same legal and regulatory...
Australia has launched a task force to crack down on cryptocurrency ATM operators failing to adhere to the country’s anti-money laundering (AML) regulations, as announced by the Australian Transaction Reports and Analysis Centre (AUSTRAC) on December 6. In its...
Coinbase CEO Brian Armstrong recently voiced his criticism of law firms representing crypto companies while employing individuals with a history of opposing the blockchain and cryptocurrency industry. Taking to X (formerly Twitter), Armstrong stated: "As a company committed to...
Australian regulators are ramping up efforts to tighten oversight of the country's cryptocurrency market, with the Australian Securities and Investments Commission (ASIC) leading the charge. On December 4, ASIC released Consultation Paper 381, which outlines strategies to close regulatory...
Cathie Wood, founder of Ark Invest, has expressed concern that the U.S. almost lost its competitive edge in crypto, especially before Donald Trump's reelection. In a CNN interview, Wood stressed the importance of the U.S. regaining leadership in emerging...
China's central bank digital currency, known as the digital yuan, is facing challenges in achieving widespread user adoption. Charles Chang, director of the Fintech Research Centre at Fudan University in Shanghai, stated in an interview with the South China...
South Korea has delayed the implementation of its controversial 20% cryptocurrency tax for the third time, extending the deadline to 2027. Democratic Party (DP) floor leader Park Chan-dae announced a postponement of cryptocurrency tax enforcement, citing the need for...
The Securities and Exchange Commission (SEC) may be reconsidering its legal battle against Ripple Labs, according to former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo. Speaking on Fox Business, Giancarlo suggested that the agency might abandon its appeal...
Russia is on the brink of implementing a sweeping cryptocurrency taxation framework after the Federation Council approved a federal bill on November 27, following its earlier passage in the State Duma. Now awaiting President Vladimir Putin’s signature, the legislation...
The Eurasian Group on Combating Money Laundering (EAG) has raised alarms over increasingly sophisticated money laundering operations in 2024, driven by the growing use of cryptocurrencies and multi-layered schemes. According to a report by Russia’s state-run news agency, the EAG,...
