New York’s financial regulator just made life easier for crypto firms
The NYDFS is making it easier for crypto companies to receive the right licensing, as well as list the coins of their choosing.
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South Korea’s Finance Minister Confirms Plan to Tax Cryptocurrency
Although scant on details, South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country.
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Brazilian Cryptocurrency Exchanges Hit Hard by Tax Regulations
Legislators in Brazil have gotten support to regulate the crypto market following allegations of fraud at Atlas Quantum, Zero10, and Trader Group last year
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Russian Central Bank links Crypto Transactions with Money Laundering
The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as a potential money laundering risk.
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US intelligence Community Sees Crypto as a Threat to the Greenback
The United States intelligence community is seeking a researcher to model risk scenarios for how and why the dollar could lose its global supremacy, and how best to respond
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South African Reserve Bank to Introduce New Cryptocurrency Rules
The South African Reserve Bank (SARB) is aiming to introduce new ‘crypto rules’ to crack-down on cryptocurrency use-cases in evading currency controls. The rules will likely come forth in the first quarter of 2020.
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Germany Goes Pro-Crypto as New Law Allows Banks to Hold Cryptocurrency Assets
Starting from 2020, banks in Germany will be allowed to hold cryptocurrencies in their custody on behalf of their clients.
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US CFTC Obtains over $13 B in Administrative Penalties in 2019
The United States Commodity Futures Trading Commission (CFTC) has obtained over $1.3 billion in administrative penalties in the fiscal year 2019, which included funds collected from cryptocurrency operators.
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U.K. recognizes cryptocurrencies as ‘tradable property’
A specialized task force of senior judges and lawyers in the U.K. has recognized crypto-assets as “tradable property” under English law
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Singapore plans to introduce crypto derivatives
Singapore’s financial regulatory authority announced that it is evaluating whether to allow crypto derivatives to be traded in the nation.
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