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crypto regulation
Regulation News
crypto regulation
Regulation News

New Crypto Rules In Europe: A Global Standard For Regulation?

At a time when there is rising demand for strict crypto regulation, European authorities agreed on a set of rules. The Economic and Monetary Affairs Committee negotiators struck a provisional political agreement with the Council on new rules on crypto-assets. Europe’s New Crypto Rules Provide Transparency The Markets in Crypto-Assets (MiCA) rules will introduce provisions

Anvesh Reddy 1 hour ago

At a time when there is rising demand for strict crypto regulation, European authorities agreed on a set of rules. The Economic and Monetary Affairs Committee negotiators struck a provisional political agreement with the Council on new rules on crypto-assets. Europe’s New Crypto Rules Provide Transparency The Markets in Crypto-Assets (MiCA) rules will introduce provisions

News
News

Canada-based Ledn Challenges FTX’s Bid of BlockFi Acquisition With Better Proposal

Troubled crypto lender BlockFi has reportedly received a new proposal for its acquisition, said three sources familiar with the matter. This time the proposal has come from BlockFi’s Canada-based competitor Ledn challenging the already proposed bid by crypto exchange FTX. As per an earlier report, FTX is currently negotiating with BlockFi. However, as per the

Bhushan Akolkar 9 hours ago

Troubled crypto lender BlockFi has reportedly received a new proposal for its acquisition, said three sources familiar with the matter. This time the proposal has come from BlockFi’s Canada-based competitor Ledn challenging the already proposed bid by crypto exchange FTX. As per an earlier report, FTX is currently negotiating with BlockFi. However, as per the

Three Arrows Capital
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Three Arrows Capital
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Breaking: Singapore Financial Regulator Reprimands Three Arrows Capital

The Monetary Authority of Singapore (MAS) on Thursday reprimanded crypto hedge fund Three Arrows Capital for breaching several regulations. The MAS said that the fund had provided false information to the regulator, and had exceeded the assets under management threshold for a fund manager registered in Singapore. The MAS’s comments come as Three Arrows faces

Ambar Warrick 1 day ago

The Monetary Authority of Singapore (MAS) on Thursday reprimanded crypto hedge fund Three Arrows Capital for breaching several regulations. The MAS said that the fund had provided false information to the regulator, and had exceeded the assets under management threshold for a fund manager registered in Singapore. The MAS’s comments come as Three Arrows faces

ECB calls for more crypto regulation
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ECB calls for more crypto regulation
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EU Passes A Bill to Trace the Flow of Bitcoin & Crypto Assets In Regulatory Tightening Measures

On Wednesday, June 29, the Parliament and Council negotiators reached a deal over a new bill that will allow them to trace the transfers of crypto assets like Bitcoin and other digital asset tokens. The agreement is nothing but an extension of the “travel value” rule already available in traditional finance. As per the EU,

Bhushan Akolkar 1 day ago

On Wednesday, June 29, the Parliament and Council negotiators reached a deal over a new bill that will allow them to trace the transfers of crypto assets like Bitcoin and other digital asset tokens. The agreement is nothing but an extension of the “travel value” rule already available in traditional finance. As per the EU,

News
News

Grayscale Initiates A Lawsuit Against the U.S. SEC Over Spot Bitcoin ETF Issues

On Wednesday, June 29, the U.S. SEC rejected the Grayscale application for converting its Grayscale Bitcoin Trust (GBTC) vehicle to a spot Bitcoin. The world’s largest digital asset manager Grayscale has finally decided to drag the U.S. Securities and Exchange Commission (SEC) to the court. “We’ve filed a lawsuit against the SEC,” said SEC chief

Bhushan Akolkar 1 day ago

On Wednesday, June 29, the U.S. SEC rejected the Grayscale application for converting its Grayscale Bitcoin Trust (GBTC) vehicle to a spot Bitcoin. The world’s largest digital asset manager Grayscale has finally decided to drag the U.S. Securities and Exchange Commission (SEC) to the court. “We’ve filed a lawsuit against the SEC,” said SEC chief

dj5qhtlg_russia-flag-generic_625x300_23_March_21
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dj5qhtlg_russia-flag-generic_625x300_23_March_21
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Breaking: No VAT On Cryptocurrency Issuers In Russia, Details 

According to Reuters, the Russian draft law that sought to exempt issuers of digital assets and cryptocurrencies from value-added tax has been approved by members of the state Duma today. Tax exemption draft law approved by members of the state Duma The crypto regulation discussion in Russia has been on for a while and the

Venus June 28, 2022

According to Reuters, the Russian draft law that sought to exempt issuers of digital assets and cryptocurrencies from value-added tax has been approved by members of the state Duma today. Tax exemption draft law approved by members of the state Duma The crypto regulation discussion in Russia has been on for a while and the

Michael Burry Interest Rate
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Michael Burry Interest Rate
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Expert Sees Fed Reversing Interest Rate Hikes, How Will It Affect Crypto?

Michael Burry, the hedge fund manager who famously shorted the 2008 subprime mortgage crisis, predicts that the economic repercussions of the Federal Reserve’s rate hikes may see the bank reversing its decision.   Responding to CNN’s article about big retailers like Walmart and Target having oversized inventory, Burry said that the supply glut at retail is

Nidhish Shanker June 28, 2022

Michael Burry, the hedge fund manager who famously shorted the 2008 subprime mortgage crisis, predicts that the economic repercussions of the Federal Reserve’s rate hikes may see the bank reversing its decision.   Responding to CNN’s article about big retailers like Walmart and Target having oversized inventory, Burry said that the supply glut at retail is

SEC Chief
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SEC Chief
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Here’s Why SEC Chair Wants Single Rulebook For All Crypto Trading

Earlier Today, The Financial Times reported that the US Securities and Exchange Commission (SEC) Chair Gary Gensler, is seeking unanimity between SEC and the Commodity Futures Trading Commission’s (CFTC) to regulate crypto assets adequately by creating a rule book for all things crypto. One single book to regulate crypto affairs Considering the ongoing tussle between

Venus June 24, 2022

Earlier Today, The Financial Times reported that the US Securities and Exchange Commission (SEC) Chair Gary Gensler, is seeking unanimity between SEC and the Commodity Futures Trading Commission’s (CFTC) to regulate crypto assets adequately by creating a rule book for all things crypto. One single book to regulate crypto affairs Considering the ongoing tussle between

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News

Breaking: Binance Refuses to Bailout Failed Crypto Projects

After cryptocurrency exchange FTX extended a helping hand to troubled crypto lender BlockFi and Voyager, there have been rumors that Binance might announce some bailouts too considering its healthy cash reserves. However, Binance has finally broken the silence and clarified the entire thing. The company said that it is in no mood to support “bad”

Bhushan Akolkar June 23, 2022

After cryptocurrency exchange FTX extended a helping hand to troubled crypto lender BlockFi and Voyager, there have been rumors that Binance might announce some bailouts too considering its healthy cash reserves. However, Binance has finally broken the silence and clarified the entire thing. The company said that it is in no mood to support “bad”

Cryptocurrency tax
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Cryptocurrency tax
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India Clarifies On Crypto Tax, Smart Move or More Burden?

In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,000 in value for certain specified persons and Rs.10,000 for others. The Central Board of Direct Taxes made separate guidelines, applicable to transactions only

Nidhish Shanker June 23, 2022

In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,000 in value for certain specified persons and Rs.10,000 for others. The Central Board of Direct Taxes made separate guidelines, applicable to transactions only

india's crypto tax
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india's crypto tax
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India’s 28% Crypto Tax Draws Nearer, Here’s Why

India’s Government  is set to discuss the levying of a goods and services tax (GST) on crypto transactions next week, reports said on Thursday. According to a report by Bloomberg, the panel intends to broaden the scope of GST to bring digital assets under its fold. While the panel has so far not decided on

Ambar Warrick June 23, 2022

India’s Government  is set to discuss the levying of a goods and services tax (GST) on crypto transactions next week, reports said on Thursday. According to a report by Bloomberg, the panel intends to broaden the scope of GST to bring digital assets under its fold. While the panel has so far not decided on

News
News

Breaking: OSC Bans Kucoin; Settlement Agreement With Bybit Approved

The Ontario Securities Commission (OSC) announced today that a settlement agreement between the OSC and Bybit Fintech limited has been approved. However the commission received orders to permanently ban Kucoin for not complying with Ontario’s securities law. Kucoin to stop operations in Ontario immediately In March 2021, the OSC ordered that crypto asset trading platforms

Venus June 23, 2022

The Ontario Securities Commission (OSC) announced today that a settlement agreement between the OSC and Bybit Fintech limited has been approved. However the commission received orders to permanently ban Kucoin for not complying with Ontario’s securities law. Kucoin to stop operations in Ontario immediately In March 2021, the OSC ordered that crypto asset trading platforms

Crypto-Singapore
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Crypto-Singapore
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Crypto.com Wins Coveted Singapore License, Here’s What It Means

The Monetary Authority of Singapore granted in-principle approval to Crypto.com and three other crypto companies. Crypto.com, Genesis and Sparrow Tech join the other 11 crypto firms that were granted the same approval last month. Crypto.com received the in-principle approval for its Major Payment Institution License. What The Approval Means For Crypto.com In a statement put

Nidhish Shanker June 22, 2022

The Monetary Authority of Singapore granted in-principle approval to Crypto.com and three other crypto companies. Crypto.com, Genesis and Sparrow Tech join the other 11 crypto firms that were granted the same approval last month. Crypto.com received the in-principle approval for its Major Payment Institution License. What The Approval Means For Crypto.com In a statement put

DCG's New York Expansion In Doubt After Crypto Mining Ban
blog
DCG's New York Expansion In Doubt After Crypto Mining Ban
blog

Breaking: Iran Cuts Power Supply To Crypto Mines;

Iran’s Ministry of Energy has decided to cut down the supply of electricity given to the authorized crypto mines units of the country. As reported by Tehran times, this decision will be implemented on the upcoming Wednesday. The step is taken to stop the access of electricity to unauthorized mines. The electricity of authorized cryptocurrency

Tanvi Singh June 20, 2022

Iran’s Ministry of Energy has decided to cut down the supply of electricity given to the authorized crypto mines units of the country. As reported by Tehran times, this decision will be implemented on the upcoming Wednesday. The step is taken to stop the access of electricity to unauthorized mines. The electricity of authorized cryptocurrency

Breaking: Binance.US Faces Class-Action Lawsuit Over Sale Of UST And LUNA
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Breaking: Binance.US Faces Class-Action Lawsuit Over Sale Of UST And LUNA
News

Binance Suspends Transactions In Brazilian Real, Here’s Why

Binance, the world’s largest crypto exchange, appears to have temporarily suspended transactions in Brazilian real on its website. The move comes after the exchange said it is changing payment providers in the country. Binance has ended a partnership with payment services provider Capitual, and said it is looking at partnerships with other payment providers. A

Tanvi Singh June 22, 2022

Binance, the world’s largest crypto exchange, appears to have temporarily suspended transactions in Brazilian real on its website. The move comes after the exchange said it is changing payment providers in the country. Binance has ended a partnership with payment services provider Capitual, and said it is looking at partnerships with other payment providers. A

Panama Halting Crypto Law Signing Puts Exchanges In FUD
Crypto News
Panama Halting Crypto Law Signing Puts Exchanges In FUD
Crypto News

President of Panama Vetoes Crypto Bill Passed By Parliament

Panama’s president Lorentino Cortizo has partially rejected the crypto bill proposed by the country’s parliament after stalling for weeks citing absence of Anti-Money Laundering rules and a lack of sufficient information on his part then. Panama wants to enter the Crypto scene Gabriel Silva, Congressman in the National Assembly of Panama, in a recent tweet,

Adrian June 17, 2022

Panama’s president Lorentino Cortizo has partially rejected the crypto bill proposed by the country’s parliament after stalling for weeks citing absence of Anti-Money Laundering rules and a lack of sufficient information on his part then. Panama wants to enter the Crypto scene Gabriel Silva, Congressman in the National Assembly of Panama, in a recent tweet,

EU Tightens Crypto Sanctions Against Russia and Belarus
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EU Tightens Crypto Sanctions Against Russia and Belarus
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“No Place For Cryptocurrencies In Russian Financial Systems”- Central Bank Of Russia

According to a Russian News Website, Elvira Nabiullina, the head of the Central bank of Russia has reiterated that Russia stands firm on its policy of intolerance to trading Cryptocurrencies domestically. She however added it could be used in foreign trades and activities. Cryptocurrencies Have No Place In Russian Financial Systems The crypto regulation discussion

Venus June 16, 2022

According to a Russian News Website, Elvira Nabiullina, the head of the Central bank of Russia has reiterated that Russia stands firm on its policy of intolerance to trading Cryptocurrencies domestically. She however added it could be used in foreign trades and activities. Cryptocurrencies Have No Place In Russian Financial Systems The crypto regulation discussion

Bank-of-Russia crypto
Regulation News
Bank-of-Russia crypto
Regulation News

Breaking: Russia Clarifies Stance On Crypto Payments, Bill Soon?

After a recent statement on allowing cryptocurrency’s use for international payments, Russia gave much needed clarification on the plans. Recent reports suggested that Russia would not allow crypto payments within its territory. In this context, the head of Russia’s central bank, and other authorities made latest comments on various matters including Russia crypto bill. Russia

Anvesh Reddy June 16, 2022

After a recent statement on allowing cryptocurrency’s use for international payments, Russia gave much needed clarification on the plans. Recent reports suggested that Russia would not allow crypto payments within its territory. In this context, the head of Russia’s central bank, and other authorities made latest comments on various matters including Russia crypto bill. Russia

Crypto Lender BlockFi
Regulation News
Crypto Lender BlockFi
Regulation News

Breaking: BlockFi Fined In Millions In U.S. Over This Breach

Crypto lending platform BlockFi on Tuesday attracted regulatory action for breaching rules in offering securities. An order was recently issued against the lender as part of a multi-state probe including the SEC and state level regulators. Breach In BlockFi Securities Sale According to a statement by Iowa’s insurance division, BlockFi “offered and sold securities in

Anvesh Reddy June 15, 2022

Crypto lending platform BlockFi on Tuesday attracted regulatory action for breaching rules in offering securities. An order was recently issued against the lender as part of a multi-state probe including the SEC and state level regulators. Breach In BlockFi Securities Sale According to a statement by Iowa’s insurance division, BlockFi “offered and sold securities in

Crypto bill
Regulation News
Crypto bill
Regulation News

Breaking: SEC’s Potential U-Turn On Crypto Bill Sparks New Debate

The debate on how to go about regulating the crypto market has been long around. The SEC has been firm on bringing the industry under its securities law.  SEC chair Gary Gensler recently said a majority of the coin offerings come under the securities law. A latest comment by Gensler sparked a new debate around

Anvesh Reddy June 14, 2022

The debate on how to go about regulating the crypto market has been long around. The SEC has been firm on bringing the industry under its securities law.  SEC chair Gary Gensler recently said a majority of the coin offerings come under the securities law. A latest comment by Gensler sparked a new debate around