crypto regulation News and Articles

Representatives of the American crypto business insist on the speedy legalization of the blockchain industry. Companies use a variety of channels to communicate with the government and Congress, including lobbying groups. According to the CEO of the Crypto Council for Innovation, Sheila Warren,...

The SEC recommends a flexible approach to registering digital tokens as securities. A similar statement is contained in the transcript of the forthcoming speech of the head of department Gary Gensler before the US Senate. "I instructed the team to devise a technique to permit the trading of...

At the end of May, the Parliament of Paraguay approved a bill to legalize the cryptocurrency market and mining. This document was submitted to the President of the country, Mario Abdo Benitez. However, the head of state rejected it because mining can create risks for the energy infrastructure. The...

The Cyberspace Administration of China (CAC) announced the blocking of 12,000 social media accounts that promoted cryptocurrencies and attracted investors. According to the regulator, information was spread through Weibo, Baidu, Tieba, WeChat, and other platforms about “easy money on digital...

Indian Finance Minister Nirmala Sitharaman reaffirmed her department's tough stance on digital currencies. Back in April, she expressed concern that cryptocurrencies were often used in criminal schemes. The Ministry of Finance and the Reserve Bank of India believe that bitcoin cannot be used as a...

Massachusetts Senator Elizabeth Warren periodically appeals to the authorities of her country with a call to establish control over the digital currency market. In an interview last Monday, she said that Congress and the SEC (Securities and Exchange Commission) should take the toughest possible...

The Belgian authorities will regulate transactions with digital currencies by securities laws. Last Wednesday, the Financial Services and Markets Authority (FSMA) issued a statement saying that Belgian law will be guided by the European Union's anti-money laundering regulatory framework. Issuers of...

Over the past few years, the Armenian authorities have been eyeing other states developing cryptocurrency legislation. The Tax Service and the Central Bank decided to accelerate the creation of a regulatory framework to bring the cryptosphere out of the shadows. Rustam Badasyan, who heads the State...

Over the past few years, the Vietnamese authorities have periodically appealed to the citizens of the country with a call not to invest in cryptocurrencies. However, interest in such assets in the country, on the contrary, continues to grow steadily, and officials can no longer ignore this trend....

The Japanese government plans to amend the legislation on currency regulation. In parallel, it plans to strengthen control over cryptocurrency exchanges and services as part of compliance with the sanctions legislation. According to Cabinet spokesman Hirokazu Matsuno, Japan will adhere to a policy...

The Bank of England is set to sketch the first regulatory framework for crypto. According to the institution, the industry could pose risks to financial stability without being unregulated. The Bank mentioned that although the sector is still small, it sees rapid growth. Discussions over crypto...

Beginning in December 2021, the Thai Securities and Exchange Commission announced the preparation of a new regulatory framework that would regulate the digital asset industry. According to reports, among the main tasks that the agency has set for itself is the definition of so-called “red...

US President Joe Biden signed a decree on the control of digital currencies the day before. This document should become the basis for the regulatory framework for the blockchain industry. It states that all major US agencies should work with each other to ensure the safety of investors and prevent...

The Canadian authorities intend to put into practice the "Emergencies Act", which, among other things, will allow the government to block the bank accounts of citizens and track the crypto transactions of Web users. According to reports, the adoption of such drastic measures by senior...

Private cryptos pose a “huge threat” to macroeconomic and financial stability, and investors should be aware of all the risks. That was stated by the head of the Reserve Bank of India (RBI) Shaktikanta Das. In his opinion, private digital assets could undermine the RBI's ability to maintain...

The bill “On Fair Taxation of Cryptocurrencies” was resubmitted to the House of Representatives of the US Congress. The initiative provides for exemption from capital gains tax when the profit from the use of digital assets does not exceed $200. The bill was sponsored by Arizona Republican...

Indian Finance Minister Nirmala Sitharaman announced recently that the agency is ready to present the 2022 budget to the public. In addition, the woman noted, supporters of digital assets will finally be able to get acquainted with the newly minted bill on cryptocurrencies. So, it took a lot of...

During a budget presentation today, India's Minister of Finance Nirmala Sitharaman revealed plans for the release of national digital currency and the taxation of the revenue from crypto assets for 30%. As announced, the Reserve Bank of India intends to release a digital rupee in 2022-2023. The FM...