Regulation

CoinFlash

Russian Ministry Wants Citizens to Report Their Crypto Wallet Details: Report

The Ministry of Finance is seeking amendments to the law that would force cryptocurrency users to report wallet balances and large transactions to the tax authorities.

Policy & regulation  ·  24 September 2020
CoinFlash

Gibraltar Updates Distributed Ledger Guidance to Match FATF Crypto Rules

The Gibraltar Financial Services Commission has updated its guidance for virtual asset service providers to include clarity on risk management, token issuance and more.

News  ·  17 September 2020
Regulation

Tassat Gains CFTC ‘No-Action’ Relief Ahead of Eventual Bitcoin Swaps Contract Listing

Tassat blamed COVID-19 and leadership changes for its long-delayed bitcoin derivatives contract listing.

News  ·  15 September 2020
CoinFlash

US State Bank Regulators Agree to Single Set of Rules for Fintech, Crypto Firm Licensing

Agencies from 48 states are expected to unveil a new framework today that will simplify and consolidate regulation for crypto companies.

Policy & regulation  ·  15 September 2020
CoinFlash

India Said to Be Preparing to Ban Cryptocurrency Trading: Bloomberg

The federal cabinet is expected to shortly discuss a new bill before passing it to the parliament, people familiar with the matter told Bloomberg.

Policy & regulation  ·  15 September 2020
CoinFlash

Nigeria’s SEC Says All Crypto Assets Are Securities by Default

The Securities and Exchange Commission of Africa's most populous country said all crypto assets will fall under the regulation that covers securities exchanges and transactions.

Policy & regulation  ·  15 September 2020
CoinFlash

User Profiling Can Help Regulators Identify Illegal Crypto Activity, Says FATF

The international watchdog has recommended comparing users' age and wealth with their crypto transactions to identify possible criminal activity.

Policy & regulation  ·  14 September 2020
CoinFlash

European Crypto Tax Companies Announce Merger to Power US Expansion

The merger means Blockpit and Crypto Tax can look at taking their newly combined regtech offering to the lucrative U.S. market.

Business  ·  8 September 2020
CoinFlash

Bitcoin Should Be Regulated Like Stocks in India, Says Think Tank Founder

Because it is similar to other financial assets, India should legitimize bitcoin by regulating it like a corporate stock, according Deepak Kapoor.

Policy & regulation  ·  7 September 2020
CoinFlash

Starling Bank Co-Founder’s New UK-Licensed App Adds P2P Crypto Payments

Peer-to-peer cryptocurrency payments are now live on Ziglu, a week after the app-based platform got its EMI license from a U.K. watchdog.

Business  ·  7 September 2020
CoinFlash

Australian Financial Watchdog Bans Local BitConnect Promoter for 7 Years

The Australian man was banned from working in financial services by the Australian Securities and Investment Commission.

Policy & regulation  ·  7 September 2020
Cryptocurrency

Russia’s Latest Draft Bill Would Still Largely Ban Crypto, Stifle Miners

Russia's Ministry of Finance wants to ban any cryptocurrency payments, which could be bad news for the country's mining farms.

Policy & regulation  ·  3 September 2020
CoinFlash

Robinhood May Face $10M SEC Fine Over Disclosure Failures

Robinhood is reportedly under investigation by the SEC for not fully disclosing that it was passing customer orders on to market makers.

Policy & regulation  ·  3 September 2020
Regulation

Crypto Long & Short: What Changes at the Fed and the SEC Mean for Crypto

Chairman Powell’s speech on Thursday highlighted how much the Fed’s role is changing, and that's an opportunity for the crypto industry.

Policy & regulation  ·  30 August 2020
Regulation

Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia

Affected mining centers in the area may see a notable increase in electricity costs.

Business  ·  28 August 2020