Regulatory Updates
Lithuania to Tighten Crypto Regulation
According to the Lithuanian Ministry of Finance, the national government has approved amendments to the country’s Anti-Money Laundering (AML) and...
Japan Regulates Stablecoins to Enhance Investor Protection
Japan has become one of the first countries to regulate stablecoins in the wake of the implosion of TerraUSD. The Japanese parliament passed a bill...
US Issues a Paper on Retail Central Bank Digital Currency (CBDC)
The United States Federal Reserve has published a paper examining the possible effects of a retail central bank digital currency (CBDC) on U.S....
Binance Approved to Provide Crypto Services in Italy
Binance has been registered as a cryptocurrency service provider by the Italian financial regulator, the Organismo Agenti e Mediatori (OAM),...
EU Central Bank’s President Calls for Crypto Regulation to Protect Investors
Christine Lagarde, President of the European Central Bank (the ECB), described cryptocurrencies that are not backed by underlying assets as “worth...
UK Treasury Plans to Legalise Stablecoins as Legal Tender
The United Kingdom’s Treasury Department plans to accept stablecoins as legal tender and bring them within the scope of UK regulation. In legalising...
U.S. Regulator Halts Fraudulent Global Cryptocurrency Trading and Mining Scheme
The US Securities and Exchange Commission (SEC) has halted a fraudulent crypto mining and trading scheme conducted by MCC International (Mining...
Uzbekistan to Adopt Crypto Regulatory Framework
The Republic of Uzbekistan is preparing to adopt a new crypto regulatory framework under a decree ordering the restructuring of the National Agency...
Ireland Bans Political Crypto Donations 19 April 2022
New political and electoral integrity laws in Ireland will prohibit donations to Irish political parties made in cryptocurrencies. The legislative...
New Indian Tax Law Negatively Affected Crypto Trading
India's new 30% crypto tax rule came into effect on April 1, notwithstanding many stakeholders and exchange operators warned against the possible...
Indonesia to Impose Crypto Taxes From May 2022
The Indonesian government is reportedly planning to impose a 0.1% capital gains tax on crypto investments and value-added tax (VAT) on digital asset...
OECD Starts Consultation on Crypto Tax Transparency Framework 22 March 2022
The Organisation for Economic Cooperation and Development (OECD) has issued a consultation document proposing additional requirements for reporting...