Crypto and Laws
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Indonesia to set up cryptocurrency exchange to reform crypto regulation
Indonesia plans to launch a national cryptocurrency exchange in 2023 as part of its regulatory reform adopted by the Indonesian House of...
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World Economic Forum discloses its future vision for crypto
The World Economic Forum (WEF) recently published an article outlining its future vision for crypto. It mentioned JPMorgan and other...
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US Federal Reserve, FDIC warn banks against crypto risks
The US Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) warned banks about...
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Ex-Meta crypto head expects crypto winter to drag through 2024
David Marcus, founder of Bitcoin (BTC) payments firm Lightspark, disappointed crypto bulls hoping for a quick crypto market recovery, as he...
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Italians to pay 26% crypto gains tax from 2023
The Italian Parliament has approved the implementation of a 26% taxation on any crypto-oriented profits above €2,000 on Dec. 30. This...
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Japan’s FSA set to lift the ban on foreign stablecoins in 2023
Stablecoins have been a contentious topic for the better part of 2022. However, Japan has taken a stand that could change the tide of this...
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The reason Russia’s crypto mining bill keeps getting delayed
On Dec. 23, Anatoly Aksakov, Russia’s congressional finance committee chairman, stated at a press conference in TASS that Russia’s law on...
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Russia’s crypto mining bill could be finalized in January 2023
Russia’s cryptocurrency mining bill, which would legalize crypto mining and the sale of mined crypto, could be approved by January,...
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Can the SEC ban crypto exchanges?
The United States Securities Exchange Commission is looking into the possibility of suspending the activities of centralized crypto exchanges....
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General counsel Berkovitz who ‘wined & dined’ SBF to leave SEC in Jan
The US SEC general counsel Dan Berkovitz will leave his role by Jan. 31, according to a Dec. 22 statement . Washington Examiner reported...
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SEC eyes auditing firms handling cryptocurrency companies
With its intent to counteract cryptocurrency, the U.S. Securities and Exchange Commission (SEC) is beginning to audit firms that work with crypto...
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US Senator Toomey unveils permissive stablecoin bill prior to retirement
Soon-to-be retired U.S. senator Pat Toomey introduced a bill on Dec. 21 that could pave the way for a more open stablecoin framework beginning...
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SEC filing declares FTT a security in FTX case development
The U.S. Securities and Exchange Commission, in its filing against Caroline Ellison and Gary Wang, said that the FTX’s exchange token (FTT)...
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Indian central bank governor calls for crypto ban, champions CBDCs
India’s Central Bank Governor Shaktikanta Das said private crypto assets like Bitcoin ( BTC ) could cause the next financial crisis and...
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India Central Bank Governor’s bold prediction on crypto’s impact on the nation
As the crypto industry continues to expand despite sporadic hiccups, not everyone is on board with the emerging asset class. Governor of...