Regulation News

Australia’s securities regulator has marked its first court victory, setting a precedent regarding a non-cash payment facility involving crypto. The Australian Securities & Investments Commission (ASIC) has set a legal precedent in the local crypto market after the Federal Court…

Two U.S. lawmakers have proposed a bill that clarifies the taxation framework for cryptocurrency staking rewards. Bipartisan lawmakers Reps. Wiley Nickel, D-N.C., and Drew Ferguson, R-Ga, introduced the Providing Tax Clarity for Digital Assets Act on May 1 to clarify…

Pantera-backed crypto exchange VALR will now offer services in Poland as part of its global expansion efforts. South African cryptocurrency exchange VALR is moving beyond the African continent, choosing Poland as its first stop in expansion across the globe. In…

One in two Indians have included cryptocurrencies in their retirement plans. Per a survey conducted by the crypto exchange Mudrex, respondents between the ages of 20 and 60 were interviewed across a broad range of income brackets.  The results indicated that 45% of respondents…

Russia is not planning to outlaw crypto turnover in the country, an official said, emphasizing the need for accurate reporting over sensational headlines. Russian lawmaker Anton Gorelkin, who serves as the deputy chairman of the State Duma Committee on Information…

The former head of China’s digital yuan initiative is reportedly under investigation for “serious violations of discipline and law.” Yao Qian, the former lead developer of China‘s central bank digital currency (CBDC) initiative, is said to be under investigation for…

The UK government has enacted enhanced powers for the National Crime Agency and police to seize and freeze crypto used by criminals. The British National Crime Agency (NCA) will no longer be required to make an arrest before seizing crypto…

The SEC is anticipated to deny applications for spot Ethereum ETFs following discouraging meetings with issuers. The U.S. Securities and Exchange Commission (SEC) is expected to reject applications for spot exchange-traded funds (ETFs) tied to the price of Ethereum, the…

Russia’s central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations. The Bank of Russia alongside Rosfinmonitoring, the country’s main body for financial intelligence, is working on a platform to detect connections between…

Nigeria’s central bank denies false claims made by crypto media, asserting that it didn’t mandate local banks to freeze accounts associated with unlicensed crypto exchanges. The Central Bank of Nigeria (CBN) says it didn’t order local financial institutions to freeze…

As Ripple challenges the SEC’s $2 billion demand, is the tide of public opinion turning against the regulator, fueled by frustrations within the crypto community? In the ongoing legal tussle between Ripple (XRP) and the U.S. SEC, the stakes are…

U.S. prosecutors are seeking 36 months of imprisonment for Changpeng Zhao, the founder of Binance, citing the “magnitude of Zhao’s willful violation of U.S. law and its consequences.” Binance founder and former CEO Changpeng Zhao might be facing 36 months…

Hong Kong is gearing up to introduce spot crypto ETFs by the end of April, mirroring the U.S. trend, as the region aims to strengthen its positioning in the market. Spot Bitcoin and Ethereum exchange-traded funds (ETFs) are on the…

How will Norway’s crackdown on crypto mining impact the global Bitcoin market and the country’s economy? Amid the recent completion of Bitcoin’s (BTC) fourth halving, which saw miner rewards halved to 3.125 Bitcoins, Norway is taking decisive steps to address…

Coin Center says the recently proposed stablecoin bill from Senators Cynthia Lummis and Kirsten Gillibrand may be “unconstitutional” due to its ban on algorithmic payment stablecoins. Coin Center, a non-profit advocating crypto organization, said in a recent blog statement that…

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