Crypto Regulation

FTC investigates some crypto firms alleged of some possible misconduct. The spokesperson was reluctant to reveal the names of the firms or the reasons for the action. The agency also...

Ripple filed a redacted reply to the SEC’s opposition for summary judgment.  It is the final submission before the ultimate pronouncement from the court. In 2020, SEC claimed Ripple raised...

Italy plans to implement 26% capital gains on Crypto profits. Regulators aim to encourage crypto asset reporting. The move follows Portugal’s implementation of a similar tax slab on crypto. Reports...

A new bill will allow cryptocurrency payments in Brazil. Crypto companies require federal clearance to operate. However, the bill does not make cryptocurrencies legal tender. The Chamber of Deputies in...

Bitcoin, at one point went down 3.2% and was trading at about $16,170. Moreover, rumors around a possible insolvency of wETH reportedly led to massive sales of Ethereum. As a...

FSMA released the classification of digital assets, categorizing them into securities, investment instruments, or financial instruments. The Communication intends to provide a systematic analysis of the classification plan and its...

Elizabeth Warren said crypto is similar to the delusional claims of past financial scams. The senator believes FTX implosion shows the need for protective regulation. Ripple blockchain CTO, David Schwartz,...

The FTX collapse has injected urgency to regulate the global crypto industry. The crypto exchange’s collapse left over a million creditors with losses in billions of dollars. IOSCO association laid...

KRA proposed to collect taxes from crypto transactions as a part of new regulations. If the proposal is accepted by the Parliament, the Authority will start implementing the regulations. The...

FSC released a notice regarding the necessity of compensating customer losses by crypto exchanges. The Conservative Party had already initiated the procedures for securing customer funds. The proposal included the...

Peter Schiff has stated that “we don’t need more government regulation.” The economist and global strategist urged for a free market and to “end the Fed”. For Schiff, competing for...

SEC chair Gary Gensler reported that the agency filed more than 700 actions. The regulator obtained judgments and orders summing to over $6.4 billion. Gensler remarked that they will pursue...

India fled the worldwide crypto crisis due to RBI’s cautious regulations. From $3 trillion in 2021, the total of crypto is below $1 trillion. RBI has strongly defied crypto from...

Cardano’s co-founder said that ‘crypto didn’t fail but people failed’. FTX’s case can damage the industry or possibly offshore the American crypto industry. He suggested honest and better standards for...

US jurisdiction would not apply to FTX since it didn’t have any US customers. Lawyer Chervinsky feels applying regulations would be counterproductive. The community believes US regulations will push investors...

The Russian Federation and the Turkish Ministry signed a bill for ensuring legal cooperation. The deal includes the prevention of information crimes like the illegal use of cryptocurrency. The Federation...

Former House Speaker to join advisor policy council to shape crypto. Next year will be a significant year with Congress poised to make the CFTC the dominant regulator. “Crypto –...

Changpeng Zhao stated that high crypto taxes in India will “kill  the sector.” India will lead the G20 nations for a year beginning in December 2022. The formation of a...

Circle Internet Financial has received regulatory permission in Singapore. The firm can now offer digital payment token products and services in the country. Circle issues USDC and EURO Coin. Global...

According to the Grayscale survey, 79% of American adults were in need of more regulations on cryptocurrency. 76% added that clear rules must be implemented by the government. The survey...

Indian finance minister calls on world financial bodies to discuss crypto regulation. She believes no country can singularly regulate crypto successfully. Previously, Indian Reserve Bank published a concept note for...

Financial authorities in South Korea aim to pass legislation to protect crypto investors. A 10% tax would be levied on any transaction involving digital assets under the proposal. 5.6 million...

CEO of ShapeShift and FTX CEO, SBF debate on proposed crypto regulations. “If DeFi front-ends catering to Americans need to be licensed, DeFi in America dies.” says Voorhees. Bankman-Fried stresses...

Vitalik Butern says crypto must mature to be in sync with regulatory policies. He suggested the use of zero-knowledge proofs to satisfy regulatory needs. Buterin has also touted Bitcoin as...

OECD publishes a framework to aid tax authorities to implement tax regulations. The CARF addresses three phenomena prevalent in the industry. Exchanges or bodies related to crypto-asset transfer are required...