The state-backed platform will operate as a secondary market for NFTs and digital asset copyrights.Powered by Froala Editor
US Treasury Department has decided to postpone until further notice a major set of crypto tax reporting regulations.Powered by Froala Editor
The proposed law follows as Nigeria's eNaira has only achieved 0.5% adoption rate a little over a year after its launch.Powered by Froala Editor
One of the responsibilities of the role is to provide "full product life cycle legal advice and support for global NFT products," along with other responsibilities.Powered by Froala Editor
According to the MSIT, enforcing outdated regulations acts as a barrier to the development of new systems. Powered by Froala Editor
According to ECB President Christine Lagarde, cryptocurrency constitutes a "threat" to global security, but this is in stark contrast to real-world data and expert opinion.
On Wednesday, the U.S. president signed a first-of-its-kind executive order on digital currencies that instructs federal agencies to coordinate their efforts
With the exclusion of the Dubai International Financial Centre, the Sheikh stated the regulator will have power throughout Dubai's special development zones and free regions.
The crypto law, once executed, will establish a new economic model that can assist the lira to restore its value.
The Israeli government is currently evaluating multiple crypto firms to issue operating licenses.
Switzerland becomes the first major financial hub with a full set of regulations governing the blockchain and cryptocurrency industry, after the Senate approved regulations to facilitate the use of digital assets and decentralized finance.
A recent announcement issued by the Reserve Bank of India (RBI) suggests that Indian banks are not prohibited from opening accounts for crypto companies anymore.
Governments around the world are introducing laws that impose taxes on the income from BTC transactions, but there are still a few countries that allow investors to buy, sell or store digital assets without paying a penny. Today we present you with a list of eight countries that can be considered as a Bitcoin tax haven.
According to the Russian government, cryptocurrencies trading is about to become a crime, and traders could end up in prison. This is part of a law bill through which Russia wants to regulate cryptocurrencies.
Supposedly, the Russian security services and the central bank have come to an understanding on the topic of cryptocurrencies. The organs' intention is to not allow cryptocurrencies as a means of payment on the territory of Russia.
It seems that the losing streak around Libra is endless as recent weeks have been quite pessimistic for this project. Not only have several members decided to leave the association, but also Facebook will have to face another problem, this time regarding a trademark.
The Bitfinex exchange has not had a winning streak in recent months. This time, a group of investors filed a class action for damages of up to a trillion dollars.
The Dutch central bank has announced that institutions that provide any cryptocurrency services must prepare for new legal regulations from January 2020.Date of changesJanuary 10, 2020 - it is then that the new regulations prepared by De Nederlandsche Bank are to go into effect. Institutions conducting operations related to cryptocurrencies will have to register relevant documents in the bank in order to continue operating them.In the official statement of the central bank we can read:“In concrete terms, firms offering services for the exchange between cryptos and regular money, and crypto wallet providers, must register with De Nederlandsche Bank.”In July ministers of the Netherlands have attached a condition that cryptocurrencies have to be regulated; the reason is that not so long ago people have been concerned about increasing threat of money laundering, as cryptocurrencies are used for scams pretty frequently.Finance Minister Wopke Hoekstra received a note in January from the Dutch tax office and the central bank. It suggested the implementation of appropriate licenses that should be required from companies providing cryptocurrency services. The Netherlands is a country that does not officially recognize cryptocurrencies as a means of payment, but in 2018 one court ruled that Bitcoin is a "transferable value". In 2018, a survey was conducted on the most popular cryptocurrency exchanges used by the Dutch. Coinbase is the leader here, indicated by 23% of respondents. 12% of respondents said that they do not use any exchanges.
In the blockchain and cryptocurrency industry, more and more disputes over intellectual property have been emerging recently. This is an example of one
The topic of the cryptocurrency in the United States is still relevant. A delegation from the US House Financial Services Committee will raise the issue of Libra in Switzerland.
New Zealand officially declared income in cryptocurrencies as legal. The country introduced a formula on how to tax this income as well.
The European Union has outlined specific requirements for cryptocurrency regulations. The Czechs, however, want to establish their own regulations.
Various struggles have been going on for many months in the Bitcoin environment, sparking controversy. There have even been trials. One of them was brought by Craig Wright.
The court in China, after looking into one of the cases, considered Bitcoin as a virtual property of a certain value, which, in turn, makes it a legally protected asset there.
The Inter-ministerial Committee (IMC), established to examine Bitcoin and cryptocurrency regulations in India, states that the government should put a complete ban on cryptocurrencies.
Democrats proposed a bill that is supposed to punish technology companies with a fine amounting to million dollars a day for putting cryptocurrencies into circulation.
One of Bitcoin's main opponents, Iran, while allowing BTC to be mined, will still not allow for the trade of it.
Canada has amended the regulations against money laundering. The changes will affect cryptocurrency exchanges and their operations.
Christine Lagarde is to become the new president of the European Central Bank. Up until now, Lagarde looked rather kindly on cryptocurrencies, but recently it has diametrically changed.
One of the discussions of the last G20 meeting was connected with the legal regulations regarding cryptocurrencies. The leaders of the countries will carefully look at the postulates of the Financial Action Task Force FATF).
