Tag: Crypto Regulation

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47 Crypto Firms Apply for Licenses Under New Regulations in Turkey

Turkey has become a hotspot for crypto firms eager to establish their presence, with a significant number of companies applying for licenses under new regulations. The Turkish Capital Markets Board (CMB) recently announced that 47 cryptocurrency companies have applied for licenses in response to the newly introduced regulations. Among the applicants are prominent exchanges such […]
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Brazil Central Bank Plans to Finalize Crypto Regulations by End of the Year

Brazil’s central bank introduced a multi-phase plan on Monday to regulate crypto and virtual asset service providers, with plans to finalize these regulatory proposals by the end of this year. These new regulations will set rules to ensure greater transparency regarding the potential benefits and risks of these investments, according to the bank. They chose […]
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FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial Intelligence Unit (FIU) has recently granted Binance and KuCoin, two major offshore cryptocurrency exchanges, the […]
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Brazil to Revise Cryptocurrency Taxation Guidelines

Brazil is on the brink of unveiling a new proposal for cryptocurrency taxation in a forthcoming bill to be presented to the National Congress in the coming days. This bill suggests taxing cryptocurrencies in a manner akin to shares and capital instruments with fluctuating exchange rates, rather than classifying them as goods. Brazil Prepares to […]
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