The lower house of the Federal Assembly of Russia approved a draft bill on June 28 that could exempt cryptocurrency issuers from Value Added Tax (VAT). Sanctions are hurting “unfriendly nations” more ...
Tag: issuers
No VAT On Cryptocurrency Issuers In Russia, Details
According to Reuters, the Russian draft law that sought to exempt issuers of digital assets and cryptocurrencies from value-added tax has been approved by members of the state Duma today. Tax exemptio...
Russia Approves Potential Tax-Exemption for Digital Asset Issuers
Russian lawmakers recently approved a draft law that could possibly exempt digital asset issuers from making value-added tax payments. It has also established new tax rates on income earned through th...
New York requires stablecoin issuers to comply with new guidelines
The Department of Financial Services (DFS) of the state of New York has published a regulatory guideline for stablecoins backed by the US dollar. The regulatory guidelines will look into stablecoins i...
NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines
? Want to work with us? CryptoSlate is hiring for a handful of positions! The NY Department of Financial Services (DFS), which oversees regulated crypto companies in the state, on June 8 released form...
Cathie Wood’s Asset Plunge Is Biggest Among ETF Issuers in 2022
(Bloomberg) — Cathie Wood’s Ark Investment Management is suffering a steeper drop in assets than almost any other US exchange-traded fund issuer this year. Most Read from Bloomberg Ark’s lineup ...
Bank Of England To Become Stablecoin Issuers’ Savior?
A latest proposal may offer Central Bank of England legal oversight over stablecoin issuers, should they pose a threat to monetary stability. The British authorities proposed to make amendments into t...
UK proposes legislation amendments to regulate stablecoin issuers
? Want to work with us? CryptoSlate is hiring for a handful of positions! The collapse of TerraUSD (UST) and its sister token Luna Classic (LUNC) has created an urgency for governments across the glob...
Chinese green bond issuers must improve disclosures to ensure growth of sustainable finance market, report says
Chinese green bond issuers lag behind global peers in revealing how the proceeds are used, highlighting the need for improved disclosures in the world’s second largest climate bonds market, acco...
NFT Issuers Could Have to Centralize and Register Under EU’s MiCA Rules, France Warns
The document was prepared by France, whose government is responsible for chairing talks within the EU’s council. It is undated, but prepared ahead of a closed-doors meeting due to take place Friday mo...
Marqeta Introduces New Solution for Card Issuers to Combat Payment Card Fraud
Nasdaq-listed card issuing platform, Marqeta today introduced the RiskControl solution, the company’s new product suite to facilitate its customers in better optimization of their card programs. RiskC...
Morgan Stanley Says US Could Regulate Stablecoin Issuers Like Banks
Implications for the crypto markets could be far reaching as about 60% of bitcoin and ether exchanges are trades versus a stablecoin, and stablecoin lending has become an important part of centralised...
OCC chief continues push for bank-style regulation for stablecoin issuers in the US
The leader of the Office of the Comptroller of the Currency, a US banking regulator, is continuing the Biden administration’s push for bank-style regulation for stablecoin issuers. On April 8, M...
In Newly Introduced Bill, US LawMakers Target Stablecoins & Its Issuers
Stablecoins are digital assets pegged to fiat currencies such as the U.S. dollar. Usually, stablecoins are backed by a $1 or its equivalent that is redeemable in the reserves. There are various concer...
Treasury official touts the ‘flexibility’ of bank charters for stablecoin issuers during Senate hearing
In its push for greater stablecoin oversight, the US Treasury Department is trying to soften its central proposed regime. This was particularly apparent in a hearing before the Senate Banking Committe...
Congress Hearing Bodes Well for Stablecoin Issuers
Key Takeaways The House Financial Services Committee met to discuss stablecoins yesterday. Committee members mostly argued that stablecoin issuers should not have to become regulated banks. U.S. regul...