U.S. legislators are pushing for clearer regulations on crypto, in an effort to keep the $2.7 trillion crypto industry in the U.S. U.S. Congress is seeing another major push for regulatory clarity on crypto. On April 9, the House financial services committee’s subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on…
Under new regulations, Thailand will enhance its efforts to prevent foreign peer-to-peer crypto exchanges from targeting local users. Thailand is ramping up its efforts to fight cybercrime with some new changes to its laws, focusing on cracking down harder on mule accounts and foreign peer-to-peer crypto platforms. In a press release on April 8, Thailand’s…
Ukraine’s securities regulator has proposed applying the country’s full personal income and military taxes to crypto gains, totaling 23%. Ukraine‘s Securities and Exchange Commission has proposed a 23% tax on individual income from crypto operations, consisting of an 18% personal income tax and a 5% military levy. In a 32-page consultation paper, the agency noted…
The U.S. Department of Justice is scaling back its efforts to regulate the cryptocurrency industry and shutting down its National Cryptocurrency Enforcement Team. Launched in 2022 under the Biden administration, NCET was a key player in prosecuting cryptocurrency-related offenses, including the DOJ’s historic $4.3 billion settlement case against Binance and its CEO Changpeng Zhao. However,…
The European Securities and Markets Authority is sounding a fresh caution at the potential risks crypto could pose to financial markets. ESMA, the European Union’s securities watchdog, has once again touched on the issue of crypto regulation, warning that crypto-related risks could impact financial stability. According to ESMA executive director Natasha Cazenave, this possibility has increased…
Circle’s Head of Global Policy Dante Disparte believes the crypto space needs more regulatory clarity in the form of frameworks like Europe’s MiCA. During a fireside chat session at Paris Blockchain Week with TRM Labs’ Global Head of Policy Ari Redbord on April 8, Disparte emphasized the importance of clear regulation in helping bring more…
Andrew Bailey, a long-time skeptic of crypto, has been unanimously selected to lead an international body that monitors the global financial system. Bank of England Governor Andrew Bailey — known for his cautious, often skeptical views on crypto — is set to take over as Chair of the Financial Stability Board in July, after securing…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. On March 6, Donald Trump signed an executive order establishing the Strategic Bitcoin Reserve — part of the roadmap to making the US the “crypto capital of the world,” announced by then…
Dubai’s real estate and crypto regulators have signed a cooperation deal to explore tokenisation in property registration and management. Dubai’s land and virtual assets regulators have signed a new agreement to support real estate tokenization and improve rules around the use of cryptocurrencies in property transactions, following the launch of a pilot aimed at linking…
Hong Kong financial authorities have officially allowed crypto firms to provide staking services for customers. However, they must abide by guidelines meant to protect users from associated risks. According to a notice published by the Securities and Futures Commission on April 7, crypto firms operating in the region that hold a virtual asset trading platforms…
