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Top Russian Lawmaker Joins Calls for Legalizing International Crypto Payments
9.9.2022
A high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments. His proposal comes after key regulators in Moscow said that Russia needs to allow the use of cryptocurrencies in foreign trade, now that...
Billionaire David Rubenstein Bullish on Crypto, Optimistic About Regulation
5.9.2022
Billionaire David Rubenstein, Carlyle Group’s founder, believes that U.S. lawmakers will not push to regulate the crypto industry unduly. Noting that he is bullish on crypto, the billionaire investor said: “the greatest fortunes are made when people go against conventional...
South Korea expands its efforts to regulate Metaverse
2.9.2022
The country has been very active in the Metaverse development since the beginning of 2022, teasing large investments and a regulatory framework
Paraguay’s President Vetoes Bill That Would Regulate Crypto Mining and Trading
31.8.2022
The bill now heads back to Paraguay’s National Congress, where if it is ratified by both chambers with absolute majorities, it can still be enacted
Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say
25.8.2022
The changing geopolitical and economic environment, as well as persisting differences between responsible government institutions, are hindering the advance of legislation tailored to regulate cryptocurrency mining in Russia. According to a report quoting industry watchers, these factors...
Australia to Stocktake Crypto Holdings Ahead of Regulation
23.8.2022
Australia intends to do a virtual stocktake of cryptocurrency assets held by its citizens, the new executive power in Canberra announced this week. The move is viewed as an indication that the center-left government plans to regulate the country’s crypto space. Treasury Embarks...
Former CFTC Chair: Here's How SEC and CFTC Can Work Together to Regulate Crypto
22.8.2022
The governing committee “might be a way to develop standards for this market,” former CFTC Chairman Timothy Massad said on CoinDesk TV’s “First Mover.”
As SEC Leans on Enforcement to Regulate, Crypto Lawyers Study Every Word
18.8.2022
The U.S. Securities and Exchange Commission isn’t volunteering to clarify what makes a crypto token a security, but the agency showed some of its hand in enforcement documents crypto lawyers are studying like scripture
Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan
17.8.2022
Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but the development has already been hailed as a landmark achievement for the company in the Central...
Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets
10.8.2022
Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are...
Renowned Investor Jim Rogers Warns Governments Want to Control Crypto — ‘They Want to Regulate Everything’
8.8.2022
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests...
Lessons From the Turkish Government's Hasty Attempt to Regulate Cryptocurrencies
3.8.2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms
30.7.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the agency plans to regulate crypto exchanges. “I’ve asked our staff to work directly with the platforms to get them registered and regulated,” the SEC chief...
European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space
28.7.2022
Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is also concerned over the lack of clarity regarding which digital assets it’s...
Russia Gears Up to Regulate NFTs Through Legislative Amendments
27.7.2022
Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and proposed solutions to legally define and regulate transactions with the digital...
EU Banking Regulator Worries It Can’t Find the Staff to Regulate Crypto: Report
27.7.2022
José Manuel Campa, chair of the European Banking Authority, told the Financial Times he is worried the agency does not yet have the capacity to supervise digital assets
Financial Superintendence of Colombia Presents Project to Regulate Crypto Service Providers
20.7.2022
The Financial Superintendence of Colombia presented a project that seeks to bring clarity to how links between banks and virtual asset service providers (VASPs) will be handled in the future. The document defines certain key concepts and determines a set of prerequisites that banks need to verify...
US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate
19.7.2022
U.S. Senator Elizabeth Warren says that “too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.” She stressed the need for stronger rules, urging the Securities and Exchange Commission (SEC)...
Paraguayan Senate Approves Cryptocurrency Bill
18.7.2022
The Paraguayan Senate has approved a bill that seeks to regulate cryptocurrencies and their operations in the country. The bill, which had already been submitted to the deputy chamber, was approved with some changes suggested, establishing clear definitions and tax exemptions for companies in...
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan
17.7.2022
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implications for both crypto investors and organizations providing intermediary services....