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Regulation

News, Regulation

South Korea postponed introduction of income tax on cryptocurrency trading

20% tax on profits from digital asset transactions in excess of 2.5 million won per year to be levied in the country from January 1, … Read more

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Written by: Dante Rosario

Published on: August 13, 2024

News, Regulation

U.S. Congress to Discuss Digital Assets with Crypto Industry Representatives

The House of Representatives meeting will be attended by the heads of companies such as Circle, FTX, Bitfury, Paxos and the Stellar Development Foundation. The … Read more

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Written by: Dante Rosario

Published on: August 13, 2024

News, Regulation

The bank blocked the account for operations with cryptocurrency. What to do?

The lawyers told how to unblock a bank account, which transactions may be considered suspicious, and why it is important to make transactions with digital … Read more

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Written by: Dante Rosario

Published on: August 13, 2024

News, Regulation

The head of the SEC called bitcoin a competitor of the US banking system

According to Gary Gensler, the first cryptocurrency is trying to undermine the American banking system, so the regulator does not support this competition. US Securities … Read more

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Written by: Dante Rosario

Published on: August 13, 2024

Mining, News

The Ministry of Energy excluded the application of a preferential tariff for miners

The department explained that the electricity used for the extraction of cryptocurrencies does not belong to household needs The electricity allocated for cryptocurrency mining cannot … Read more

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Written by: Dante Rosario

Published on: August 12, 2024

Mining, News

The Governor of the Irkutsk Region proposed to create platforms for mining

Governor Igor Kobzev believes that cryptocurrency mining companies should negotiate with electricity suppliers to connect via a dedicated line. This solution should reduce the load … Read more

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Written by: Dante Rosario

Published on: August 12, 2024

News, Regulation

China will create a tracking system for crypto transactions

The Central Bank of the People's Republic of China believes that state bodies should strengthen supervision over the illegal circulation of digital assets In China, … Read more

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Written by: Dante Rosario

Published on: August 11, 2024

News, Regulation

The Central Bank estimated the volume of transactions of Russians with cryptocurrencies at $ 5 billion per year

The regulator called the widespread use of cryptocurrencies and the growth in the volume of transactions with them a threat to the Russian financial market … Read more

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Written by: Dante Rosario

Published on: August 11, 2024

News, Regulation

Hillary Clinton Calls For Tough Regulation Of Cryptocurrencies

Former US Secretary of State is confident that stricter rules for the circulation of digital assets will protect the US dollar from technological manipulation by … Read more

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Written by: Dante Rosario

Published on: August 11, 2024

News, Taxes

How do I pay cryptocurrency tax? Simple instruction

When do you need to pay tax, and when not, do you need to declare your cryptocurrency and in whom it is worth registering as … Read more

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Written by: Dante Rosario

Published on: August 10, 2024

News, Regulation

IMF warns El Salvador about risks of bitcoin legalization

The organization believes that using the first cryptocurrency as a means of payment is dangerous for consumers, the financial integrity and stability of the country. … Read more

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Written by: Dante Rosario

Published on: August 10, 2024

News, Regulation

The Central Bank proposed to introduce liability for the illegal circulation of digital assets

The regulator also considers it necessary to establish a taxation procedure for this class of assets. The Bank of Russia proposed to introduce liability for … Read more

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Written by: Dante Rosario

Published on: August 10, 2024

News, Regulation

The British regulator began checking the advertising of the "meme" cryptocurrency

In October, announcements appeared on public transport in London urging the purchase of the Floki Inu cryptocurrency. Altcoin Promotion Complaints UK Advertising Standards Authority (ASA) … Read more

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Written by: Dante Rosario

Published on: August 9, 2024

News, Regulation

The head of the Central Bank described the attitude of the "responsible state" to cryptocurrencies

According to the chairman of the regulator Elvira Nabiullina, a responsible state should not stimulate the proliferation of private digital assets The head of the … Read more

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Written by: Dante Rosario

Published on: August 9, 2024

News, Regulation

Binance Calls For Uniform Regulatory Rules For The Crypto Market

The exchange publishes its own guidelines for regulating the digital asset industry Binance, the world's largest cryptocurrency exchange in terms of trading volume, has urged … Read more

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Written by: Dante Rosario

Published on: August 8, 2024

News, Regulation

The USA introduced new reporting rules for crypto brokers and operators

After Joe Biden signed the Infrastructure Funding Act, digital asset organizations must notify the IRS of transactions worth more than $ 10,000. US President Joe … Read more

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Written by: Dante Rosario

Published on: August 8, 2024

News, Regulation

Auditor of the Accounts Chamber urged to introduce regulation of cryptocurrencies

The value of digital assets depends on the optimism of market players, although cryptocurrencies are a noticeable and significant element of the global financial system, … Read more

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Written by: Dante Rosario

Published on: August 7, 2024

News, Regulation

The State Duma will create a working group to discuss the legalization of mining

Such an order was given by the speaker of the Duma Vyacheslav Volodin. The draft law on the regulation of the circulation of digital assets … Read more

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Written by: Dante Rosario

Published on: August 6, 2024

News, Opinions

"Point of pressure". Why regulation of stablecoins is dangerous for the market

Large capital outflows from digital assets, institutional investor exit and industry crisis. What else threatens the increased attention of regulators to stablecoins On November 8, … Read more

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Written by: Dante Rosario

Published on: August 6, 2024

News, Regulation

US financial market regulator calls on DeFi projects to cooperate

SEC spokesman Caroline Crenshaw believes that many services in the decentralized finance industry are similar to products in the traditional financial market. Commissioner of the … Read more

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Written by: Dante Rosario

Published on: August 6, 2024

News, Regulation

Sweden proposed to ban mining in the European Union

Swedish regulators believe cryptocurrency mining will prevent the country and the EU from complying with the Paris agreement on climate change The head of the … Read more

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Written by: Dante Rosario

Published on: August 5, 2024

News, Regulation

Two ministries supported the idea of equating mining with entrepreneurship

The initiative was supported by the Ministry of Economic Development and the Ministry of Energy. The Bank of Russia is against, since the proposal is … Read more

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Written by: Dante Rosario

Published on: August 5, 2024

News, Regulation

US authorities urged to accelerate development of stablecoin regulation

US Presidential Financial Markets Working Group Sees Potential Undersupply of Stablecoins as Threat Stablecoins (digital coins whose value is pegged to a dollar or other … Read more

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Written by: Dante Rosario

Published on: August 4, 2024

News, Regulation

The FSB will expand the powers of employees on cryptocurrencies. Why is it important

The department has published a document according to which specific officials will be able to send requests to operators of information systems for the release … Read more

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Written by: Dante Rosario

Published on: August 3, 2024

News, Regulation

US publishes DeFi and NFT regulation guidelines

According to the new rules, projects in the field of decentralized finance come under the supervision of regulators only if any persons retain control or … Read more

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Written by: Dante Rosario

Published on: August 3, 2024

News, Regulation

The CFTC announced its readiness to become the regulator of the cryptoindustry

Acting Chairman of the Commodity Futures Trading Commission, Rostin Behnam, recalled that 60% of the digital asset market is commodities Acting Chairman of the Commodity … Read more

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Written by: Dante Rosario

Published on: August 2, 2024

News, Regulation

US authorities will develop rules for banks on working with cryptocurrencies

US regulators are exploring under what circumstances banking organizations can engage in digital asset activities The Federal Deposit Insurance Corporation (FDIC) is working with the … Read more

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Written by: Dante Rosario

Published on: August 2, 2024

News, Regulation

US authorities to provide guidance on regulation of stablecoins

New powers to work with stable digital coins will receive the Securities and Exchange Commission (SEC) and the Commission for Futures Trading (CFTC) The US … Read more

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Written by: Dante Rosario

Published on: August 2, 2024

News, Regulation

Thai Prime Minister Warns Residents Against Cryptocurrency Investments

The head of the Thai government Prayut Chan-Ocha called for a sober assessment of all the risks associated with digital assets, as well as be … Read more

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Written by: Dante Rosario

Published on: August 1, 2024

Bitcoin ETF, News

Nabiullina announced the Central Bank's unwillingness to admit ETFs on bitcoin to trading

The head of the financial regulator answered the question about the launch of the first exchange-traded fund in the United States, based on Bitcoin futures … Read more

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Written by: Dante Rosario

Published on: August 1, 2024

News, Regulation

The head of RACIB criticized the policy of the Russian authorities in relation to cryptocurrencies

Yuri Pripachkin said that from the point of view of regulation of the cryptoindustry in the Russian Federation, “absolutely nothing” has been done over the … Read more

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Written by: Dante Rosario

Published on: August 1, 2024

Mining, News

Russian oilmen offered to mine cryptocurrency in the fields

For the extraction of digital assets, oil companies plan to use associated petroleum gas, with the help of which electricity will be generated to supply … Read more

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Written by: Dante Rosario

Published on: July 31, 2024

News, Regulation

US Senators Demand Facebook To Stop Developing Novi Wallet

On October 19, Facebook announced the launch of a pilot test of its own crypto wallet. The company chose the first public crypto exchange Coinbase … Read more

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Written by: Dante Rosario

Published on: July 31, 2024

News, Regulation

Aksakov urged to legislate the taxation of mining

According to the head of the State Duma Committee on the financial market, the deputies have serious work to improve the regulation of cryptocurrencies It … Read more

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Written by: Dante Rosario

Published on: July 31, 2024

Mining, News

How to legally mine bitcoins in Russia. detailed instructions

The mining of cryptocurrency is not spelled out in the legislation. However, there is a way to work within the legal framework In the second … Read more

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Written by: Dante Rosario

Published on: July 30, 2024

News, Regulation

Coinbase proposes to create a regulator for the US cryptocurrency market

Brian Armstrong, CEO of the crypto exchange, said that the current system of regulation of financial markets is not suitable for the digital assets industry … Read more

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Written by: Dante Rosario

Published on: July 29, 2024

News, Regulation

The Bank of Russia will study the volume of investments of Russians in cryptocurrency

The representative of the regulator called the investments of Russians in digital assets a potentially significant problem The Bank of Russia sees Russian investment in … Read more

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Written by: Dante Rosario

Published on: July 29, 2024

News, Regulation

Irkutsk Governor proposed to recognize mining as a type of entrepreneurship

The head of the region Igor Kobzev complained about a significant increase in energy consumption due to underground enterprises for the extraction of cryptocurrencies and … Read more

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Written by: Dante Rosario

Published on: July 29, 2024

News, Regulation

The Ministry of Finance announced that there are no plans to lift the ban on cryptocurrencies

The country's authorities emphasized that citizens can buy digital assets and use electronic wallets outside of Russia The government does not plan to lift the … Read more

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Written by: Dante Rosario

Published on: July 28, 2024

News, Regulation

US Department of Justice will create a group to combat money laundering in cryptocurrency

The new structure of the regulator will fight cybercriminals and services that help them illegally obtain digital assets US Department of Justice will create "cryptocurrency … Read more

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Written by: Dante Rosario

Published on: July 27, 2024

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