The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypt...
Tag: Rules
Japan to Enforce Less Stringent Crypto Tax Rules
The Japanese government greenlighted a bill to exempt local cryptocurrency issuers from paying corporate tax on their holdings. The ruling body currently requires such firms to pay 30% on their owning...
Basel Committee Endorses Global Crypto Banking Rules be Implemented by 2025
The classification conditions the committee have set out include ensuring crypto passes a redemption risk test and basis risk test. “The redemption risk test is to ensure that the reserve assets...
EU Rules for Distributed Ledger Financial Trading Finalized Ahead of March Pilot
When users of the platform are regular people, rather than, say, an investment bank, “the applicant should clearly indicate to the [national competent authority] for its assessment what are the experi...
Key Republican presses Yellen to issue digital asset reporting rules
Rep. Patrick McHenry is urging the Treasury Department to issue clearer digital asset reporting rules as part of last year’s infrastructure bill and delay compliance requirements for the new rules. &...
Germany Urges Global Regulators to Enforce Serious Crypto Rules (Report)
Mark Branson – President of Germany’s financial market regulator BaFin – reportedly urged global authorities to cooperate and impose appropriate laws on the cryptocurrency industry. Such rules could g...
Next UK financial regulator calls for tougher crypto rules: FT
Ashley Alder, the UK’s next Financial Conduct Authority chair, had harsh words for crypto platforms as he addressed members of parliament, the Financial Times first reported. Speaking at a cross...
Warren, Marshall introduce bill to tighten money laundering rules for crypto
Sens. Elizabeth Warren, D-Mass., and Roger Marshall, R-Kan., introduced legislation to tighten U.S. anti-money laundering rules to digital assets. The bill would expand know-your-customer rules ...
The Future Of Award Shows? How Airrack & The Streamy Awards Rewrote The Rules
Airrack calling MrBeast live on stage at The Streamys Jellysmack In 1929, the first-ever Oscars took place at The Hollywood Roosevelt Hotel as 270 of the generation’s top filmmakers, directors, and st...
Thai SEC to tighten up rules for crypto, focus on investor protection
Thailand joins the growing list of countries that are seeking to revise their crypto regulation in the aftermath of the FTX collapse. And, as most of these countries do, it intends to tighten the guid...
Thailand Regulators Prepare Stricter Rules For Crypto
Financial regulators in Thailand are about to get tough on crypto. The move follows a tumultuous year in which Asians have suffered major losses. On Dec. 13, the Bangkok Post reported that the Thai Se...
Binance and Its CEO at Risk of Criminal Charges Over AML Rules: Report
The cryptocurrency exchange Binance and executives including CEO Changpeng Zhao are at risk of U.S. criminal charges over compliance with U.S. money-laundering laws and sanctions, according to a repor...
FTX fallout motivates Hong Kong watchdog to draft new rules
The Hong Kong Securities and Regulatory Commission plans to draft new regulatory provisions to implement under its new crypto regulation system in the wake of FTX’s collapse, according to local media ...
ByBit to apply new KYC rules and withdrawal limits on Dec. 20
Crypto exchange ByBit announced that it would imply new Know Your Customer (KYC) rules and withdrawal limits on Dec. 20. The announcement updates the different withdrawal limits based on different KYC...
Alibaba Stock Jumps As China Eases Covid Rules
China stocks jumped Thursday as the nation’s government officials curtailed many of its zero-Covid controls that stalled the world’s second-largest economy. Alibaba (BABA) stock, as well a...
Vodafone’s Top Shareholder Rules Out Bid After Raising Stake
(Bloomberg) — Vodafone Group Plc’s largest shareholder boosted its stake in the telecommunications giant, but said it doesn’t intend to make an offer for the British firm that’s lost a quarter o...
India Anti-Crypto Rules Prevent Cardano Entry
Charles Hoskinson, the co-founder of Cardano, believes India has been strongly anti-crypto. Is it a huge mistake from Cardano to ignore the market? Charles Hoskinson expressed he would love to enter t...
Largest Eurasian BTC Mining Hub in Kazakhstan Tightens Rules for Miners
Vladislav Sopov Electricity from auctions, new taxes and two licenses instead of one: Kazakhstan Parliament passes major bill on crypto Contents Kazakhstan launches electricity auctions for miners New...
China Appears To Ditch Zero-Covid In Overhaul To Pandemic Rules
Topline China on Wednesday announced it would ease some pandemic restrictions across the country, including harsh quarantine measures and lifting some barriers to travel between regions, signaling a s...
Cawthorn violated ethics rules around ‘LGB Coin,’ House Ethics Committee says
The U.S. House of Representatives Ethics Committee has ordered Rep. Madison Cawthorn, R-N.C., to pay more than $15,000 in punitive donations and fines as a result of his violation of congressional and...
Court Rules Man Shouldn’t Be Fired for Not Being ‘Fun’ at Work
Not having to make small talk at one’s desk or go to “happy hours” when you just want to get home is a major reason more and more people are opting for remote work. Recent surveys fo...
OPEC+ Pauses as Russia Sanctions and China Covid Rules Roil Crude Markets
(Bloomberg) — OPEC+ responded to surging volatility and growing market uncertainty by keeping its oil production unchanged. Most Read from Bloomberg The outcome of the brief online meeting on Su...
Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets – Regulation Bitcoin News
The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechan...
CFTC Commissioner Wants Two-Tier Crypto Rules for Retail Investors and Millionaires
The CFTC chief has proposed that the average crypto investor should get different protection from professional and high-net-worth individuals. In remarks prepared for a conference in Singapore, Commod...
Appeals Court Rules Against Biden’s Student Loan Forgiveness Plan—Likely Sending Second Case To Supreme Court
Topline A federal appeals court ruled against the Biden Administration’s student loan forgiveness plan Wednesday, siding with a lower court that struck down the policy, ensuring the program will remai...
Compound tightens its rules to prevent Aave-like exploit, details inside
Compound DAO had voted unanimously to implement changes in the rules of the protocol This move was motivated by the need to keep the protocol safe after the Aave exploit Recently, COMP holders at Comp...
Proposed new MiCa rules in EU would have prevented FTX’s collapse
European Union officials claim that their upcoming cryptocurrency regulation would have prevented the collapse of FTX. Deputy Director General at the European Commission’s financial services departmen...
Alex Jones Must Pay Nearly $50 Million For Sandy Hook Conspiracies, Texas Judge Rules
Topline A Texas judge Tuesday ruled Alex Jones must pay more than $45 million in punitive damages for promoting false conspiracy theories surrounding the 2012 Sandy Hook Elementary School massacre, ac...
Ukraine regulator drafting crypto tax rules – crypto.news
The resounding calls for crypto regulations have led to creating a special council under Ukraine’s securities (NSSMC). The new council is set to coordinate and draft crypto taxation regulations accord...