Demand for widely used euro stablecoin is huge, says DeFi expert
The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone? Go to Source Powered by WPeMatico
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The regulatory implications of India’s crypto transactions tax
India’s introduction of new crypto taxes had a negative impact on overall trading, forcing entrepreneurs to move to friendlier jurisdictions. Go to Source Powered by WPeMatico
Andorra green lights Bitcoin and Blockchain with Digital Assets Act
An analysis of Andorra’s Digital Assets Act and the potential confusion surrounding Bitcoin, blockchain and crypto according to crypto business owners. Go to Source Powered by WPeMatico
Putin Signs Law Prohibiting Payments With Digital Assets in Russia
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary surrogates.” President Putin Approves Legislation Banning Digital Asset Payments in Russian Federation Russian President Vladimir … Read more
CFTC labels 34 crypto and forex firms as unregistered foreign entities
“Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson. Go to Source Powered by WPeMatico
UK financial watchdog exec hints at importance of international collaboration on crypto regulation
“In the past, innovative firms would have been pleading for less regulation — now they understand and appreciate that rules are there to help provide certainty,” said Nikhil Rathi. Go to Source Powered by WPeMatico
UK court allows lawsuit to be delivered via NFT
Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook, and a contact form on a website. Go to Source Powered by WPeMatico
UK Treasury Committee opens inquiry into crypto industry
The public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament on the risks and opportunities related to crypto and DLT. Go to Source Powered by WPeMatico
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin. Cryptocurrency Miners in Kazakhstan to Pay Higher Taxes President Tokayev … Read more
BoE official compares current crypto market regulation to ‘unsafe aeroplanes’
According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of “same risk, same regulatory outcome.” Go to Source Powered by WPeMatico