rules – DIGIT INFO

FDIC Releases 175 Crypto Banking Docs, Signaling Regulatory Overhaul

DIGIT — Fri, 07 Feb 2025 00:30:33 +0000

The FDIC’s release of 175 documents marks a major shift toward transparency, signaling new opportunities for banks to engage in crypto as regulators reassess outdated policies. Regulators vs. Crypto: FDIC Signals New Approach With Massive Document Dump The Federal Deposit Insurance Corporation (FDIC) released 175 documents on Feb. 5, detailing its oversight of banks engaged […]

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Australia’s tax agency won’t clarify its confusing, ‘aggressive’ crypto rules

DIGIT — Fri, 24 Nov 2023 01:09:09 +0000

The Australian Tax Office’s new rules on DeFi are unclear on whether capital gains taxes apply to liquid staking and transferring to layer 2 bridges.

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Crypto firms have already breached new UK promo rules 221 times, says FCA

DIGIT — Thu, 26 Oct 2023 01:36:33 +0000

Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too.

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‘Near impossible to know’ what is and isn’t a security: Mark Cuban on SEC

DIGIT — Mon, 12 Jun 2023 03:00:06 +0000

The billionaire is the latest to argue that the United States Securities and Exchange Commission hasn’t provided crypto firms with a registration process to follow.

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EU Council Adopts New Rules for Europe’s Crypto Markets

DIGIT — Thu, 18 May 2023 03:49:57 +0000

The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets […]

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Tax Authority Slated to Become Main Crypto Regulator in Russia

DIGIT — Wed, 17 May 2023 10:25:56 +0000

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service […]

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Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says

DIGIT — Sun, 14 May 2023 08:00:45 +0000

Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature to Vote on Crypto Laws by End of July The State Duma, the lower house of […]

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Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

DIGIT — Thu, 11 May 2023 12:04:58 +0000

The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 […]

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Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation

DIGIT — Sun, 23 Apr 2023 09:49:56 +0000

Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader […]

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Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12

DIGIT — Wed, 12 Apr 2023 07:30:04 +0000

The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the […]

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