Regulatory Updates
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...
Biden Issues Executive Order on Cryptocurrencies 9 March 2022
U.S. President Joe Biden signed an executive order on 9 March initiating a governmental examination of cryptocurrencies’ risks and benefits. The...
UAE establishes virtual asset regulator and announces new crypto regulation 9 March 2022
Sheikh Mohammed bin Rashid Al Maktoum, prime minister and ruler of the United Arab Emirates (UAE), has announced a new law on virtual assets and the...
Thailand Exempts Crypto Traders on Authorized Exchanges From Vat 8 March 2022
The Finance Ministry of Thailand has reportedly relaxed crypto tax regulation to promote investment in the digital asset market. The revision...
South Korea to create a national metaverse ecosystem
South Korea’s Ministry of ICT, Science, and Future Planning has pledged around US$186.7 million to create a broad metaverse ecosystem called the...
HKEX is the first exchange to list an ETF investing in metaverse-linked stocks 20 February 2022
CSOP Asset Management, a Hong Kong-based investment manager, launched its Metaverse Concept exchange-traded fund (ETF) on 21st February making it...
India plans to issue its CBDC and tax private crypto 14 February 2022
The Finance Minister of India, Nirmala Sitharaman, said recently that discussions are being conducted with the Reserve Bank of India (RBI) on...
Russia will regulate Bitcoin as currency 9 February 2022
The Russian government and the Central Bank of Russia have agreed on their approach to regulating cryptocurrencies after months of speculation about...