Global Stablecoins Could ‘Pose Systemic Risks’ to EU
The French Financial Markets Authority (AMF) has provided its position on crypto-assets and regulation in a response to the European Commission’s consultation. While the country...
IRS Removes Crypto Tax Reporting for Fortnite and Other Game Tokens
The U.S. Internal Revenue Service (IRS) has updated its webpage, removing parts of its crypto tax disclosure guideline which classified game tokens as cryptocurrencies. This includes...
Nedbank Not Looking to Shut Down Crypto Exchange Bank Accounts
Contrary to reports, prominent South African bank, Nedbank is not considering closing down accounts belonging to crypto exchanges in the country. Nedbank Not Taking New Digital Asset...
Russia Might Finally Adopt Crypto Law This Spring
Russia’s State Duma (lower house of the parliament) might adopt the law on digital financial assets in the spring session, an official believes. Digital Assets to Have Legal...
China Might Adjust FX Regulation for Cryptos
China is about to broaden the scope of its blockchain pilot in cross-border financing, Reuters reported Tuesday, citing a government official. Besides, China might reform the foreign...
US Congress to Consider Cryptocurrency Act in 2020
The U.S. cryptocurrency scene might be on the way to seeing clear cut crypto regulations as Congress prepares to consider a new bill detailing modalities for digital asset oversight...
Ukraine Gov’t Collaborates with Belarusian Crypto Exchange
Ukraine’s Ministry of Digital Transformation has signed a memorandum of cooperation (MoC) with the Belarusian crypto exchange Currency.com. Ukraine Wants to Learn from Belarusian...
Major South African Bank Closes Crypto Exchange Bank Accounts
FNB, one of the ‘big five’ South African bank is closing down accounts operated by crypto exchanges in the country. The bank, however, says the emergence of clear-cut...
Crypto Exchange Huobi to Freeze US User Accounts by Mid-November
Singapore based crypto exchange Huobi is set to freeze accounts controlled by US residents in an effort to crack down on those individuals violating the User Agreement, according to a...
No Bitcoin Regulation Talk in India’s Union Budget 2019; Good News?
India’s Finance Minister Nirmala Sitharaman presented the country’s Union Budget for 2019-2020, and there was no mention of Bitcoin or cryptocurrency regulation. Some crypto...
Gov’t Indecision on Cryptocurrencies Helps China, Says Former Congressman
Reporting in The Hill, Washington’s top political news source, former Republican George Nethercutt says it’s time for policymakers to allow cryptocurrencies and innovation to...
‘Nothing At All’ Going on With Crypto Regulation, Says D.C. Insider
Despite the growing importance of the cryptocurrency industry, the US government’s position on crypto regulation remains frustratingly opaque. According to a D.C. insider, a movement...