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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 […]
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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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Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Guidelines Aiming to Avoid More […]
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With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are not taxing crypto transactions. Furthermore, many tools exist […]
The post Tax Guide: What Crypto Owners Should Know appeared first on Bitcoin News.
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The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard forks and airdrops are taxed. Also read: 10 Tax Tools […]
The post IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In appeared first on Bitcoin News.
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Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. Also read: China Publishes New Rankings of 37 Crypto Projects A New Crypto […]
The post Crypto Regulations Are Changing Worldwide to Comply With FATF Standards appeared first on Bitcoin News.
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Cryptocurrency companies in the United States aren’t happy. Token issuers, exchanges, and VCs are up in arms about vague and contradictory guidance on crypto asset regulation. Should the U.S. fail to update its archaic securities laws, they warn, there is a risk of top talent making an exodus to friendlier crypto climes. Also read: Countries […]
The post Dithering U.S. Regulators Risk Causing a Brain Drain to Friendlier Crypto Climes appeared first on Bitcoin News.
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The Cyberspace Administration of China (CAC) has announced that it will accept public feedback through Nov. 2 on draft rules it recently published to regulate blockchain projects, but the proposed legislation has already drawn a mixed response from distributed ledger technology (DLT) analysts. Also Read: Bitstamp Confirms Acquisition by South Korean Company Strict Rules for DLT Users […]Powered by WPeMatico
On Oct. 17, the world’s largest cryptocurrency exchange by volume, Binance, announced a partnership with blockchain surveillance company Chainalysis. According to the exchange, Chainalysis has implemented a compliance solution that meets regulatory guidelines worldwide. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus Binance Is Using Chainalysis for Compliance According to a press […]
The post Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance appeared first on Bitcoin News.
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The Swiss Bankers Association (SBA) has released a set of guidelines intended to bolster the availability of financial services to cryptocurrency companies. They are in response to the stubbornness of many banks to provide financial services to crypto-related businesses. Also Read: Markets Update: Despite Negative Headlines – Crypto-Prices Continue to Rise Swiss Bankers Association Publishes Guidelines Intended to […]
The post Swiss Bankers Association Acts to Prevent Crypto Firm Exodus appeared first on Bitcoin News.
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