The Spanish Tax Administration Agency (AEAT) has announced its intention to amplify its efforts to collect taxes from cryptocurrency holders in Spain. Specifically, the agency plans to send out 328,000 notices in the upcoming fiscal year of 2022 to individuals who are required to pay taxes on their cryptocurrency holdings. ...
On April 6, 2023, the UK's Financial Conduct Authority (FCA) and Advertising Standards Authority (ASA) released a joint statement warning financial influencers, known as "finfluencers," about promoting fraudulent investment schemes on social media. Cryptocurrencies and non-fungible tokens were explicitly mentioned in the statement, and a seven-point checklist was provided to ...
The International Organization of Securities Commissions (IOSCO) plans to launch a consultation on its regulatory report on crypto assets in the current quarter (Q2) of this year and aims to release its final recommendations by the end of 2023. IOSCO's 2023–2024 work program centers on decentralized assets in the Fintech ...
The Giving Block, a crypto donation platform, has released the 2023 edition of its annual report. The report was titled "Crypto Philanthropy Data, Trends and Predictions," and it revealed that the total crypto donations on the platform exceeded $125 million in 2022. 📣 Announcing 📣The 2023 Annual Report on Crypto ...
OKX, a crypto exchange and Web3 company based in Seychelles, has announced its plans to expand its range of crypto services to Australia. In a statement released on March 29, 2023, OKX revealed that it considers Australia a critical growth market and aims to establish a robust local office to ...
Mike Novogratz, the CEO of digital asset investment company Galaxy Digital, has stated that the U.S. government is misguided in its focus on crypto legislation while ignoring the potential dangers posed by artificial intelligence (AI). He made these remarks during the company's fourth-quarter conference call on March 28, 2023. Testing ...
Liberal Senator for New South Wales, Andrew Bragg, has submitted a private bill that proposes regulations for cryptocurrency services in the country to the Australian Parliament. I have now introduced the Digital Assets (Market Regulation) Bill in the @AuSenate. Link to the bill and explanatory statement is enclosed.https://t.co/pkjuNfvE0G — Senator ...
Cryptocurrency index funds provide a straightforward way to invest in the cryptocurrency market, with the added benefit of potentially high returns. Crypto newbies might find investing in cryptocurrency through regular brokerage accounts or retirement plans can be challenging due to the lack of regulation and high price volatility. By investing ...
According to a report, the Bank of China Ltd., the Shanghai Pudong Development Bank, and the Bank of Communications Co. have initiated contact with or begun providing banking services to cryptocurrency companies in Hong Kong. Also, a Chinese bank sales representative reportedly visited the main office of a crypto firm ...
The Federal Deposit Insurance Company (FDIC) of the United States has stated that any investor who wishes to purchase Signature Bank must agree to discontinue all the bank’s cryptocurrency-related activities. Signature Bank, headquartered in New York, and California-based Silicon Valley Bank (SVB) were known for their favourable stances towards cryptocurrencies ...
