crypto regulation News and Articles

UK financial regulator FCA (Financial Conduct Authority) informed that the digital asset organizations that didn't manage to register, have the opportunity to work under limited-period licensing terms for 6 months as the regulator faces some issues with a stockpile of requests. FCA stated that the...

By the end of 2021, the Organization for Economic Cooperation and Development (OECD) may approve cryptocurrency regulation standards. Pascal Saint-Amans, head of the Center for Tax Policy and Administration of the international organization, told about this to journalists. He noted that the...

The Securities and Exchange Commission of Nigeria announced that all virtual currencies are securities for forfeit. The assertion was signed on Friday. It says that crypto proposes additional investment methods for people and needs to be managed to guarantee contributor safety and trading...

According to the posts on social media, the Internal Revenue Service is directing crypto tax warning notes (dated August 14, 2020) to US taxpayers. This proves another time that the government makes efforts to take the crypto tax space under control. Some users published their letters online. The...

The authorities of the countries included in the G20 began preparations for the development and implementation of legislation governing cryptocurrency transactions. According to Kyodo News, a significant milestone in the history of the crypto sphere will be the G20 summit in Saudi Arabia in...

According to Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert, it is necessary to develop the concept of cryptocurrency regulation before adopting legislation. That is, the US authorities should not just introduce laws on the control of the industry, but determine the...

In Canada, on June 1, amendments to the law on financial services that control the activities of crypto firms in the country entered into force. “Financial services now include Canadian and foreign companies that conduct operations with virtual currencies. These operations include services for...

The Japan Financial Services Agency (FSA) lately adopted Huobi Token (HT), and the eponymous exchange became the first global platform whose native token received permission from a specific jurisdiction. FSA has established HT as a crypto asset that complies with the country's regulatory rules, and...

New arrangements for cryptocurrencies in Japan due to “unexpected delays” will come into force on May 1, and not from April, as previously planned. That is about improvements to the Law on Financial Settlements and the Law on Financial Instruments and Exchanges. The changes in them concern both...

The deputies of the Verkhovna Rada adopted in the 1st reading a draft law on the implementation of FATF standards to combat money laundering and the financing of terrorism while regulating the crypto market. This was announced by the chairman of the deputy association Blockchain4Ukraine, People's...

Hearings of Mark Zuckerberg on Wednesday lasted six hours and supposed to be over Libra currency, but very soon they converted into a broad indictment of Facebook. Maxine Waters, the committee chairwoman said at the beginning of the hearings that she has studied numerous difficulties that the...

The CEO of Facebook is going to protect the Libra project before a congressional committee on October 23. He states that coin won’t issue until the US government confirms the project. Zuckerberg made remarks before the hearing in the House Financial Services Committee, where he mentions that the...

During the meeting of the Group of 20 nations in Osaka, major economies said that stablecoins should be managed to have control over the risks that can arise before any digital currency issues. Haruhiko Kuroda head of Japan’s Bank said during the briefing: “We must consider appropriate...

Facebook Inc. warns Washington that if the corporation’s plans for launching a cryptocurrency fail, it will be a huge win for China. David Marcus said in an interview that China is going ahead and trying to create a digital payment system with a worldwide reach and, at the same time, the US is...

A banker from a French Central Bank says that the world needs a regulatory framework for crypto assets. Denis Beau, an executive chief of Banque De France said during the Official Monetary and Financial Institutions Forum in London that there is a necessity for overall consistency to prevent...

Internal Revenue Service sent new guidance to cryptocurrency holders. The IRS published two documents (a ruling and a question-and-answer paper) on Wednesday. This is the first guidance since 2014, and it contains information about expected methods of reports about income from cryptocurrencies....

Two Senate Democrats are warning three payment corporations to review their membership in the Libra Association and involvement with the crypto project of the Facebook. Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii are sure that Libra is a threat not only to the worldwide economy...

The current Executive Vice President of the European Commission for Financial Services and Economics Valdis Dombrovskis promised, in the event of his re-election to this post, to introduce new rules for regulating the cryptocurrency industry. It is reported by Reuters. According to him, in light of...