Crypto and Laws
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PBoC: Digital yuan trial expands to 11 more cities
On March 31, 2022, the People’s Bank of China held a symposium on the pilot work of digital RMB (digital yuan) research and development...
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Trading volume drops as 30% capital gains tax on crypto tax goes into effect in India
The new crypto tax regime in India has finally gone into effect, and it appears to be affecting the trading volume in the country. Media...
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Senator Lummis says Bitcoin is a commodity and will become a currency soon
The U.S. Senator from Wyoming, Cynthia Lummis, recently championed Bitcoin as a future currency in an interview. The interview started with...
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UK government tables stablecoin regulation discussions
TL;DR Breakdown • National Secretary believes it is time for the crypto trade to move forward. • Major agents in the UK government could...
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Crypto miners strike gold in Oklahoma as state introduces new tax incentives
Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in the U.S....
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UK begins campaign to become crypto “world leader” with an NFT
The UK announced plans to mint an NFT and said it want to bring stablecoins into the country’s payments framework to enable issuers...
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Indian crypto exchanges record 15%–55% drop in volume amid new tax regime
TL;DR Breakdown Local crypto exchanges have seen a sharp decrease in volumes over the first three days of April. Aditya Singh, the...
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ASIC announces new guidelines on financial influencing
TL; DR Breakdown ASIC rolls out new guidelines on financial influencing ASIC says offenders could spend years in prison Crypto community...
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Scammer connected to $160 million crypto fraud arrested
TL; DR Breakdown Scammer incarcerated in $160 million crypto fraud The scammer was connected to the Morris scam India records a high...
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Russia will not clampdown on residential crypto miners
TL; DR Breakdown Russia will not ban residential crypto mining The country plans to monitor energy consumption Russian ministries...
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Will Indonesia’s decision to tax crypto stifle local adoption?
Indonesia is the latest Asian country to announce intentions to impose a tax scheme on all crypto transactions and income tax on capital gains...
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Former Indian chief minister likens crypto to gambling, calls for higher taxation
A former Indian chief minister said “crypto is gambling” and urged the government to raise the taxes imposed on virtual assets....
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Turkish regulators seek life penalty for crypto scammers
TL; DR Breakdown Turkish regulators want scammers incarcerated for life The regulators used the Thodex scam as a benchmark The crypto...
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Thodex indictment demands over 40,000 years of prison time for the missing crypto CEO
TL;DR Breakdown The Turkish prosecutor has called for a 40,000-year sentence for Thodex Rugpull’s founder. Faruk Fatih Özer, the...
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The SEC requires crypto exchanges to expose their customers’ assets
This year, a crackdown on digital assets has been at the top of the US Securities and Exchange Commission’s (SEC) plan. This was made clear by...