Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

Brussels Wants All Crypto Service Providers to Report Transactions of EuropeansThe European Commission has set out to oblige platforms processing crypto transactions for EU residents to share information with tax authorities in the Union. According to the proposal, all crypto service providers, regardless of where they are based, will have to abide by the new rules. EU to Consider New Reporting Requirements for Crypto Platforms […]

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New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations

New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation RegulationsA special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation. Advisory Board to Take On Matters Related to Cryptocurrency Taxation in Ukraine The National Securities […]

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Australia Suspends Financial Services License of Local FTX Entity

Australia Suspends Financial Services License of Local FTX EntityAustralia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives. FTX Australia Sees License Suspended After Accepting Voluntary Administration The Australian Securities […]

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Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals

Brussels Set to Begin Talks on EU Crypto Tax, Report RevealsThe European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the differentiated tax treatment of cryptocurrencies across the bloc’s 27 jurisdictions. European Union to Consider […]

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Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says

Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog SaysHigh rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail investors in Australia keep one coin or another. Australian Securities Regulator Pushes for […]

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

Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog SaysThe 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. Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank Cards Taiwan’s Financial Supervisory […]

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European Commission Has ‘Serious Doubts’ About Markets in Crypto Assets Draft, Report Reveals

European Commission Has ‘Serious Doubts’ About Markets in Crypto Assets Draft, Report RevealsThe European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence. European Commission Working on Compromise Proposal for EU Crypto Rules Europe’s upcoming Markets in Crypto Assets (MiCA) […]

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China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

China’s Hainan Province Ramps Up Crackdown on Crypto Mining OperationsThe province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown on cryptocurrency mining in […]

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