Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
Industry commentators speak out over the shrinking anonymity in crypto: “There was no chance that such a growing industry would escape unnoticed” Go to Source Powered by WPeMatico
Regulation
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Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces … Read more
Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing
India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but does not stop crypto trading, the court explained that “being an honest contributor to the blockchain is more profitable than … Read more
Deloitte Approves Gemini Crypto Exchange in High-Level Security Evaluation
U.S. crypto exchange and custody company Gemini finishes high-level SOC 2 Type 2 security check, a purported industry first Go to Source Powered by WPeMatico
World Economic Forum Debuts Framework for Central Bank Digital Currency
The World Economic Forum together with major central banks and financial institutions has released a toolkit for policymakers regarding central bank digital currencies Go to Source Powered by WPeMatico
Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines … Read more
Blockchain Association Supports Telegram in Legal Battle With SEC
In its amicus curiae brief, the Blockchain Association argues that Telegram’s token sale complies with U.S. securities laws Go to Source Powered by WPeMatico
Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court Today
India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed again that cryptocurrency is not banned in India, but still justifies the banking restrictions on the crypto industry. Also read: … Read more
Vodafone Becomes 8th Company to Exit Libra Association
After a spate of big names parting ways with the Libra Association late last year such as Paypal, Visa, Mastercard, and Ebay, British telecommunications giant Vodafone has become the latest to bid the ambitious digital asset project farewell. While Vodafone’s statement notes it does not rule out the possibility of working with Libra in the … Read more
Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange
A new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency miners. The country has just launched its first licensed crypto exchange. Also read: Uzbekistan to … Read more
