News by results: regulation

European Central Bank blasts Bitcoin —community responds

After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency.

White House says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX

According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.

Switzerland's financial regulator extends reporting requirements for crypto transactions

FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs.

New UK Finance Minister Jeremy Hunt In Charge Of Stablecoin Regulation, Deflationary Crypto Uniglo.io To Find Key Niche

The UK Finance Minister, Kwasi Kwarteng, has been removed as head of HM Treasury by Prime Minister Liz Truss after the disastrous financial consequences of his tax cut announcements in September ended being the crashing of the British Pound and a downward spiral in the UK markets.

Argentinian Tax Authority Strengthens Crackdown on Illegal Crypto Miners

Argentina’s tax body has bolstered its ongoing crackdown on crypto miners who do not declare their operations – and looks set to make good on the government’s pledge to ensure that all crypto-related activity in the nation is taxed.

Coinbase gains in-principle approval for Singapore crypto license

The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it's also working with local industry groups to improve regulations.

U.S. SEC Setting up New Office to Look After Crypto Filings

The U.S. Securities and Exchange Commission (SEC) is set to create a new office to handle the review of company filings related to crypto assets. Named the Office of Crypto Assets, it will be under the SEC's Division of Corporate Finance as part of its Disclosure Review Program (DRP).

Republican lawmakers call for answers on digital dollar from Fed vice chair

The House members asked for clarification on whether the Fed may be considering an “intermediated model” for a digital dollar that could require authorization from Congress.

Japanese Regulator Wants to Reform Crypto Tax Laws for Companies & Investors

Japan’s top financial regulator, the Financial Service Agency (FSA), has indicated that it is prepared to reform the nation’s tax laws that govern the way firms and their investors are taxed on their interactions with crypto.

Luxury Life For Crypto – Puerto Rico Opens the Door to Bitcoin Real Estate Buying

An avid Bitcoin enthusiast and property entrepreneur is selling his beautiful luxury 2-story property in the “Hidden Valley” of Guaynabo, Puerto Rico. The property is situated amidst a picturesque landscape with the convenience of the center of San Juan metro within several minutes drive.

Bank Of Korea Calls For End To ICO Ban

The central Bank of Korea (BOK) is changing its stance on the blanket ban of domestic initial coin offerings (ICO) after having instituted it in 2017.

MAS doesn’t trust retail crypto investments, mulling more regulations

Regulators in Singapore say cryptocurrencies are problematic due to high market volatility and warn against retail investments in cryptocurrencies.

Australia To ‘Token Map’ Its Crypto Industry

Australia will become the first country in the world to chart the number, type, and underlying code of available cryptocurrencies.

All U.S. Crypto Exchanges Including Binance To Be Investigated By SEC

According to a staffer from the office of United States Senator Cynthia Lummis, every exchange in the country, as well as Binance, is reportedly being investigated by the U.S. Securities and Exchange Commission (SEC).

UK Parliamentary Group Seeks Views of Crypto Industry Players

A parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation. In addition to gathering information via evidence sessions, the APPG said it is also open to views from players in the sector.

Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says

The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor.

Crypto Purchases Using Credit Cards To Be Banned In Taiwan: Report

Cryptocurrency transactions using credit cards will no longer be allowed in Taiwan, as the island nation’s watchdog believes digital currencies are risky and speculative assets, local reports disclose.

Ireland Authorizes Gemini As Crypto Service Provider

Crypto exchange Gemini has been officially authorized as a virtual asset service provider in Ireland.

Gemini becomes Ireland’s first approved Virtual Asset Service Provider

US-based crypto exchange Gemini expands into Europe as it receives an additional license from the Central Bank of Ireland.

Singapore Plans To Strengthen Its Regulations On Cryptos

Singapore has voiced its intentions to broaden the scope of cryptocurrency regulations in the country. The Monetary Authority of Singapore (MAS) plans to consult and revise its proposed regulations in September or October, according to Managing Director Ravi Menon. Mr. Menon said the revised rules may include further tightening retail-investor access to cryptocurrencies.