SEC chair: retail crypto investors should be protected
“There’s no reason to treat the crypto market differently just because different technology is used,” said Gary Gensler. Go to Source Powered by WPeMatico
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Intergovernmental Panel on Climate Change calls cryptocurrency CO2 emissions a ‘growing concern’
The group said that all technologies — seemingly including crypto — had the potential to enable emissions reductions as well as increased emissions based on how they were governed. Go to Source Powered by WPeMatico
UK government moves forward with regulatory framework on stablecoins for payments
“If crypto technologies are going to be a big part of the future, then we, the U.K., want to be in — and in on the ground floor,” said Economic Secretary of the Treasury John Glen. Go to Source Powered by WPeMatico
Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates
A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The top official also revealed that the department is currently finalizing regulations for the mining sector as part of efforts to legalize Russia’s crypto space. Russia … Read more
India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules impose a 30% flat tax on crypto income and do not allow losses to be offset against gains. New Crypto Tax Rules in Effect The new crypto tax rules entered into force on April 1 after the … Read more
Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia Recognizes Need for Local Crypto Assets Market Amid expanding international sanctions over … Read more
Indian Government Consulting With IMF, World Bank on Crypto Policy
India’s government is consulting with the International Monetary Fund (IMF), the World Bank, and Indian regulators in order to form the country’s crypto policy. “We have reached out to institutional stakeholders within the country and outside. We are taking inputs from the IMF and the World Bank and incorporating these,” said an official from the … Read more
US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool
U.S. Senator Ted Cruz has introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals and competing with the private sector. The senator from Texas warned that not only would this CBDC model centralize financial information, leaving it vulnerable to attack, but it could also be used … Read more
SEC rejects ARK 21Shares spot Bitcoin ETF application
21Shares submitted the spot Bitcoin ETF application with Ark Investment Management in June 2021 for listing on the Cboe BZX Exchange. Go to Source Powered by WPeMatico
Indonesia to impose 0.1% crypto tax starting in May: Report
The government is still reportedly considering how to implement crypto taxes, but legislation passed in response to the pandemic laid the groundwork. Go to Source Powered by WPeMatico
