Crypto Regulation
Italy Announces Capital Gains Tax on Cryptocurrencies in 2023 Budget
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…
Brazilian Regulators Approve Bill to Allow Crypto Payments
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…
Amidst China’s Covid-Zero Mobility Restrictions, Crypto Suffers Severely
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…
FSMA Provides Schematic Analysis of Crypto Classification
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…
US Senator Warren Believes Crypto Is ‘Dangerously Delusional’
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…
Global Regulators Will Focus On Crypto Platforms Post FTX Crash
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…
KRA Proposes Crypto Tax Collection; Kenya Moves Toward Regulation
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…
S.Korean FSC Necessitates Compensation for Crypto Firms’ Misconduct
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…
Peter Schiff Tweets “We Don’t Need More Government Regulation”
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…
SEC Chair Gary Gensler Says the SEC Received $4B in Civil Penalties
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…
