crypto regulation News and Articles

The chair of the US SEC, Gary Gensler said that platforms offering crypto trading services will be a primary focus of the agency. Bloomberg informs that during a recent virtual conference, Gensler said that he had asked the staff to get crypto exchanges inside the investor protection area and look...

The Indian government has repeatedly postponed the consideration of a bill to regulate relations in the cryptocurrency market. The authorities take this decision due to opposition from the Central Bank, which is categorically against recognizing such instruments as means of payment. This week,...

A total of 51 countries in the world have imposed bans on cryptocurrencies to some extent. What follows from a report from the Office of Global Legal Research (GLRD) of the US Law Library of Congress. GLRD noted that since the first publication of the report, the number of such jurisdictions had...

The Bank of Russia management is considering options for introducing new restrictions on cryptocurrency holders. According to the head of the Central Bank Elvira Nabiullina, who already has a negative attitude towards bitcoin, the regulator wants to achieve a ban on the use of the state's financial...

The United Kingdom’s Central Bank released a Financial Stability Report, where it mentioned the rapid evolution of the crypto industry. The regulator said that domestic and global regulations must cooperate to control the risks of the fast-evolving market of cryptocurrencies. The Financial Policy...

Blockchain-based payment protocol that developed the XRP coin, Ripple, published its vision of how the crypto industry must be regulated. The team sees the necessity to build a new regulatory system. In the release titled "A Real Approach to Cryptocurrency Regulation", the firm says the...

The Israeli authorities have decided to tighten control over companies representing the cryptocurrency industry. Local startups and bitcoin exchanges are required to obtain a license granting the right to operate on the domestic market. Such enterprises must be registered in a special state...

Financial regulators of Taiwan changed the business category of cryptocurrencies removing them from the class of "software design services". As local media announced, during inter-ministerial meetings and industry discussions held on Nov. 15, the Ministry of Economic Affairs informed...

Australia is rapidly calculating the number of citizens buying cryptocurrencies. Moreover, bitcoin is much popular in the country compared to precious metals. Local businesses representing the cryptocurrency industry have expressed their willingness to work strictly within the framework of the...

On October 21, India's top securities regulator, the Securities and Exchange Board of India (SEBI), issued a notice over crypto trading, telling advisers not to deal in assets that are unregulated in the country. In the notice, SEBI announced it would take action against investment advisers...

The head of the Bank of England, Andrew Bailey, has repeatedly stated that he has a negative attitude towards Bitcoin. In his opinion, cryptocurrency has no value. Its value is growing only because more and more people are investing in it. Each BTC holder should remember that, at any time, he can...

Fed chair Jerome Powel said that the bank has no plans to prohibit crypto activities like China. Congressman Ted Budd raised the question in terms of a hearing of the House Committee on Financial Services, asking if Fed Plans include banning or limiting the use of crypto. Previously, in July,...

The United States Internal Revenue Service Commissioner De Lone Harrison said the IRS is still discussing the possibility of introducing new reforms to the taxation of crypto income. The state department proposes to apply new rules, approaches, and procedures for collecting taxes to a business that...

Tesla CEO Elon Musk is known as one of the fans of the digital currency Dogecoin (DOGE). Last Tuesday, the businessman spoke at a conference in California and called on the US authorities to abandon the implementation of crypto regulation. It is impossible to destroy this industry, but states can...

In a recent interview with the Washington Post, Securities and Exchange Commission Chairman Gary Gensler reiterated the need for an early regulatory framework for the cryptocurrency industry. According to the head of the SEC, the US authorities will be able to apply the law on securities to this...

Leading cryptocurrency exchange Coinbase announced that it received a Wells Notice from the Securities and Exchange Commission. The regulatory agency warned the company against launching a product that would allow consumers to earn interest for their crypto holdings. A Wells Notice represents a...

On September 3, South African financial regulatory body, the Financial Sector Conduct Authority (FSCA) urged people against leading crypto exchange operator Binance. The press release, published by the authority, says Binance doesn’t have permission to offer advisory or intermediary services in...

In a survey of residents of the European Union, researchers found that people want local governments, not Brussels, to handle crypto regulation. The survey conducted by Redfield & Wilton Strategies for the Euronews TV channel included respondents living in Greece, France, Estonia, Germany,...