council – DIGIT INFO

Lobby group to dispel crypto mining misconceptions in DC, says founder

DIGIT — Wed, 16 Aug 2023 04:48:47 +0000

The crypto mining industry is getting a dedicated lobby group aimed at opening up discussions with lawmakers in Washington D.C.

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EU Council Adopts New Rules for Europe’s Crypto Markets

DIGIT — Thu, 18 May 2023 03:49:57 +0000

The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets […]

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Brussels Wants All Crypto Service Providers to Report Transactions of Europeans

DIGIT — Fri, 09 Dec 2022 12:30:00 +0000

The 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

DIGIT — Mon, 21 Nov 2022 06:50:15 +0000

A 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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EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

DIGIT — Fri, 07 Oct 2022 11:30:09 +0000

An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for […]

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EU Council Endorses Markets in Crypto Assets (MiCA) Legislation

DIGIT — Thu, 06 Oct 2022 13:30:05 +0000

Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space. It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption. Comprehensive Crypto Regulation Moves Closer to Adoption in EU The Committee of Permanent Representatives (COREPER) […]

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Iran Blockchain Association Offers Help With Crypto Regulations, Says Regulators Are Not Qualified

DIGIT — Thu, 04 Nov 2021 03:30:36 +0000

The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal with the complex issue. Blockchain Association Proposes Public-Private Partnership on Crypto Rules in Iran […]

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Religious Ban on Cryptocurrencies Provokes Social Media Reproach in Ingushetia

DIGIT — Sat, 29 May 2021 05:30:16 +0000

A decision by a prominent religious body in Ingushetia to prohibit dealings with cryptocurrency has sparked controversy in the predominantly Muslim Russian republic. Critics have taken to social media to express their disagreements with the ban, pointing out that the treatment of bitcoin in Islamic jurisdictions is not one-sided. Islamic Cleric Explains Reasoning Behind Crypto […]

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Spanish Island Government Decides to Sell Its Bitcoin Investment by Citing ‘Ethical’ Reasons

DIGIT — Tue, 30 Mar 2021 04:30:01 +0000

Bitcoin is not liked by everyone from the Island Council of Tenerife, Spain. At least that’s what was suggested by its president, Pedro Martín, who ordered the sale of the local government’s investment in cryptocurrency. Bitcoin Is an ‘Opaque’ Currency, Martín Says Martín, from the Spanish Socialist Worker’s Party (PSOE), issued the order of dismantling […]

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Regulations Roundup: Industry Leaders Want Clarity, Alliance Capitals Earns FINMA Warning

DIGIT — Mon, 01 Oct 2018 10:25:53 +0000

In recent news pertaining to cryptocurrency regulations, industry leaders have urged U.S. lawmakers to provide regulatory clarity or risk a crypto firm exodus, a Greek representative to the European Parliament has advocated for a lightweight cryptocurrency apparatus to avoid stifling innovation across the distributed ledger technologies industries, and the Swiss Financial Market Supervisory Authority has […]

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