Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’

Senators Introduce Bill to Limit Use of China's Digital Currency in USSeveral U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance,” said the […]

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Binance to Advise Kazakhstan on Crypto Regulations

Binance to Advise Kazakhstan on Crypto RegulationsCryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the domestic banking system with the expanding digital assets market. Kazakhstan to Cooperate With Binance on the Development of Its Crypto Sector Binance, the world’s leading […]

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Chamber of Representatives in Paraguay Advances Crypto Bill

ParaguayCryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap electricity costs, will be passed to the Senate to […]

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SEC Drops the Ball on Crypto Regulation and There Are Long-Term Consequences, Says Commissioner

SEC Has Dropped the Ball on Crypto Regulation and 'There Are Long-Term Consequences,' Says CommissionerA commissioner with the U.S. Securities and Exchange Commission (SEC) has warned that the securities market regulator has dropped the ball on crypto regulation. “We’re not allowing innovation to develop and experimentation to happen in a healthy way, and there are long-term consequences of that failure,” said the commissioner. SEC Commissioner Warns About the ‘Failure’ […]

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No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal

No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw ProposalA new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted to Russian Parliament Without Amnesty for Miners […]

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Thailand Exempts Crypto Transfers From VAT Until End of 2023

Thailand, Thai, decree, decrees, regulation, regulations, rules, tax, VAT, tax break, tax exemption, crypto, cryptocurrency, cryptocurrencies, trade, trading, crypto trading, exchanges, transactions, digital tokens, CBDC, digital currency, central bankAuthorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and […]

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ECB Survey Finds 10% of Eurozone Households Own Crypto Assets

ECB Survey Finds 10% of Eurozone Households Own Crypto AssetsOne in every 10 households in six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has found with a new survey. While the richest are most likely to own crypto assets, poor families are not far behind, the poll indicates. Dutch Households Lead in Terms of Crypto Ownership, ECB Survey Shows Every tenth […]

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Bank of England’s Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of Payment

Bank of England's Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of PaymentThe governor of the Bank of England, the British central bank, says bitcoin has no intrinsic value and the cryptocurrency is not suitable as a practical means of payment. His warning came after the crypto market plunged. Andrew Bailey on Bitcoin and Cryptocurrency Bank of England Governor Andrew Bailey warned about bitcoin and cryptocurrency on […]

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Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See Precedent

Russian Court Recognizes Cryptocurrency as Means of Payment, Prosecutors See PrecedentThe City Court of St. Petersburg has recognized a large amount of cryptocurrency handed over by the victim in an extortion case as a means of payment, Russian media reported. The prosecutor’s office in Russia’s second-largest city describes the ruling as a precedent. Two Men Sentenced for Cryptocurrency Extortion in Russia Two Russian citizens have […]

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India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST

India's Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, USTIndia’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das. RBI’s Governor on Crypto Market and […]

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