Crypto

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Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as Securities

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The Brazilian Securities and Exchange Commission (CVM) has clarified the criteria by which different cryptocurrency assets can be considered securities. Through the issuance of a guidance opinion document, the CVM defines different classifications for existing cryptocurrency assets, specifies which can be viewed as securities, and explains how it will intervene in these markets. Brazilian Securities … Read more

Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country

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Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament of Kazakhstan Votes on Bill Regulating Activities of Crypto … Read more

Crypto Exchanges Still Available to Russians Despite Latest EU Sanctions, Report Unveils

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A list of crypto exchanges, including global platforms, have not introduced new restrictions on Russian users after the EU’s most recent sanctions round, Russian crypto media reported. The latest European penalties target an array of crypto-related services to increase pressure on Russia amid an escalating conflict in Ukraine. Major Exchanges Continue to Work in Russia … Read more

Bearish Downturn Continues as Crypto Markets Struggle to Maintain Support

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Cryptocurrency markets continue to struggle after failing to hold support last night, causing additional bearish pressure this Wednesday. Bitcoin remains below the $20k level, trading at $19,103. Ethereum is also down below $1,300, currently at $1,294. The short-term sentiment for cryptocurrencies remains bearish this week as global markets continue to struggle this October. Key Points: … Read more

Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto

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European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto Law Passes Another Hurdle Before Final Adoption The European Parliament Committee on Economic and … Read more

Interoperable QR Payments Reach Record Number in Argentina

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Interoperable QR payments, a system that allows all digital wallets in Argentina to make payments in several stores, reached a record number in September. According to official numbers, 3.15 million payments were completed using this system, including cryptocurrency-based payments that exchanges like Bitso are already offering in the country. Interoperable QR Payments Gain Ground in … Read more

Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils

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Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government of Portugal Proposes New Tax for Cryptocurrency-Related Gains In the past … Read more

Cryptocurrency Markets Continue to Face Bearish Momentum as BTC and ETH Fail to Hold Support

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After showing bearish momentum during yesterday’s indigenous day holiday, crypto markets continue to decline in price as BTC is struggling to hold support at $19k and ETH broke through the $1,300 level. The global cryptocurrency market cap saw a further decline of 1.38% today, with the current valuation at $921 billion. Key Points: The global … Read more

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