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Category: Guidance
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NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry
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Australian Regulator Seeks Advice on Crypto-Related Assets
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Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes. Also read: Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online […]
The post Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions appeared first on Bitcoin News.
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IRS Explains What Crypto Owners Must Know to File Taxes This Year
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million filers to reveal whether they acquired or […]
The post IRS Explains What Crypto Owners Must Know to File Taxes This Year appeared first on Bitcoin News.
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Malaysia Announces Digital Asset Guidelines
The Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the commission. The guidelines also detail the obligations of approved platforms as well as the requirements token issuers must meet. Also […]
The post Malaysia Announces Digital Asset Guidelines appeared first on Bitcoin News.
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New Guidelines Subject Canadian Crypto Exchanges to Securities Laws
Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide custodial services, will have to abide by the country’s securities laws and act like securities dealers. Also […]
The post New Guidelines Subject Canadian Crypto Exchanges to Securities Laws appeared first on Bitcoin News.
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FATF Holds Global Forum to Discuss Crypto Supervision
The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that cryptocurrencies are global products. Also read: Regulation Roundup: EU-Wide Crypto Regulations, New Rules in […]
The post FATF Holds Global Forum to Discuss Crypto Supervision appeared first on Bitcoin News.
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Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines […]
The post Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance appeared first on Bitcoin News.
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FATF Starts Checking How Well Countries Implement Crypto Standards
The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements swiftly,” the FATF emphasized. Also read: Where US Regulators Stand on Cryptocurrency FATF […]
The post FATF Starts Checking How Well Countries Implement Crypto Standards appeared first on Bitcoin News.
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