Regulations – Page 27

Robinhood exec says proposal for a single digital asset regulator is stupid

Robinhood’s chief legal officer is not enamored with a recent Coinbase proposal for a separate regulatory body for the crypto space.

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Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs

Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate the losses. Underground Crypto Farm Busted in Kyrgyzstan The region […]

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Russian Nationalists Prepare Bill to Regulate Cryptocurrency Mining

Lawmakers from the Liberal Democratic Party of Russia are gearing up to introduce a draft law designed to regulate crypto mining. The nationalists say the legislation will benefit both Russian citizens and the state, as well as those who want to get involved in the business legally. Nationalists Propose Regulations for Russian Crypto Miners The […]

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Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment

As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto […]

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Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

Russian Officials Back Idea to Recognize Crypto Miners as Entrepreneurs

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian Government to Collect Millions of Dollars in Taxes After Legalizing Crypto Mining While the […]

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Russia to Change 13 Laws and Codes for Digital Ruble

Authorities in Russia are gearing up to amend various pieces of legislation to facilitate the issuing and function of the digital ruble. Officials in Moscow believe this version of the national fiat needs to be regulated separately from other digital forms of money such as cryptocurrencies. Russia Prepares to Trial Digital Ruble, Officials Say CBDC […]

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Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring

The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house in Kazakhstan’s parliament, the […]

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Kazakhstan Imposes Purchase Limits on Retail Crypto Investors

Kazakhstan Imposes Purchase Limits for Retail Crypto Investors

Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors in Kazakhstan Can Buy up to $1,000 in Crypto a Month Without Declaring Income Kazakhstan […]

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Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding coin minting sector. President Tokaev Calls for Legislative Regulation […]

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Iran Blockchain Association Offers Help With Crypto Regulations, Says Regulators Are Not Qualified

The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal with the complex issue. Blockchain Association Proposes Public-Private Partnership on Crypto Rules in Iran […]

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