Russia is advancing a draft amendment to its Bitcoin mining legislation, proposing new tax regulations for crypto mining activities, transactions, and associated infrastructure. According to a report by local media Interfax, the country’s Ministry of Finance has introduced...
Authorities in Paju, a city in South Korea's Gyeonggi Province, are ramping up efforts to collect unpaid taxes by targeting residents who use cryptocurrency to evade payment. Local officials have issued warnings to 17 individuals with outstanding tax debts...
Robinhood CEO Vlad Tenev has criticized UK policymakers for what he described as a “backward” approach to crypto trading regulations, especially when contrasted with the permissive stance on regulated gambling. In an interview with The Times, Tenev emphasized the...
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), issued a warning on November 15 regarding the misuse of the term "bank" by unlicensed crypto companies operating in the region. The HKMA cautioned that such misrepresentations could potentially...
The European Banking Authority (EBA) has issued new guidelines for payment service providers (PSPs) and crypto-asset service providers (CASPs) to ensure compliance with the European Union’s sanctions when transferring funds or crypto assets. Released on November 14, the guidelines...
The British government is reportedly planning to introduce new crypto regulations by December 2024 to retain crypto companies drawn to the pro-crypto policies emerging in the U.S. under President-elect Donald Trump. According to Bloomberg, the U.K. Treasury is preparing...
In the last six months, many governments worldwide have introduced or revised their tax frameworks to include cryptocurrencies. Countries like Denmark, South Korea, the Netherlands, Italy, Japan, and New Zealand are leading this regulatory shift. The Netherlands now mandates...
The United States has earned itself the reputation of being "the land of opportunity", and that was very true in the early days of cryptocurrency. The country was home to startups and investments that fueled innovation and growth in...
The Italian government is reportedly reviewing its substantial 42% tax on crypto gains, with sources suggesting a possible revision. A recent Bloomberg report indicates that the government may approve a proposal from one of its coalition partners to lower...
Deutsche Bundesbank, Germany's central bank, has officially joined Singapore's Project Guardian, a collaborative initiative aimed at advancing financial markets through asset tokenization. In a press release published on November 8, the central bank announced the move, stating that its...
