cryptocurrency Archives

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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 […]

Crypto assets backed by fiat currencies could be regulated by the Reserve Bank of India (RBI), according to separate documents. The Securities and Exchange Board of India (SEBI) has suggested that multiple regulators oversee cryptocurrency trading, showing openness to the use of private virtual assets. This stands in contrast to the Reserve Bank of 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 […]

The plan administrator will persist in utilizing Coinbase for future distribution phases, potentially including funds recouped from FTX. The bankrupt cryptocurrency lender BlockFi is finalizing its operations shutdown, with plans to discontinue its web platform in May. BlockFi has formed a partnership with Coinbase to facilitate client fund access and withdrawals. In a recent blog […]

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The Australian Tax Office (ATO) has reportedly requested cryptocurrency exchanges to provide personal and transactional details for around 1.2 million cryptocurrency users. While acknowledging that some users might not be aware of their tax responsibilities, the ATO emphasized that others might be deliberately avoiding their tax duties. ATO Focuses on Compliance from 1.2 Million Crypto […]

Retail brokerage receives ‘Wells notice’ after prolonged efforts to gain regulatory clarity Robinhood has indicated a potential legal challenge from the U.S. Securities and Exchange Commission concerning its cryptocurrency operations, highlighting the ongoing U.S. regulatory scrutiny on digital currencies. The company reported in a recent filing that over the last weekend, its crypto division received […]

Pakistan has secured a position in the top 10 most crypto-friendly nations, ranking 10th, while India is close behind at 11th place by just one point. Despite its rapidly advancing tech industry and a tech-savvy populace, India falls just short of its neighbor Pakistan in the roster of the most crypto-friendly nations. Pakistan has claimed […]

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KEY POINTS After admitting to money laundering violations in November, Binance founder Changpeng Zhao was given a four-month prison term on Tuesday. Although U.S. prosecutors proposed a 36-month sentence, Zhao received less. Following his legal agreement with the Justice Department, the cryptocurrency billionaire resigned as CEO of Binance. On Tuesday, Changpeng Zhao, the billionaire founder […]

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Google Cloud has rolled out a new Web3 portal aimed at providing blockchain developers with resources such as data sets and tutorials on creating non-fungible tokens (NFTs). However, the reception from the cryptocurrency community has been varied. Phil Geiger, the vice president of product marketing at Unchained, expressed disappointment on April 25 via an X […]

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The regulation requiring the new 1099-DA form is still in the works, but the IRS has offered a preview of what the form to report brokered digital asset sales might look like. The U.S. Internal Revenue Service has showcased the proposed design for the very first cryptocurrency tax reporting form. Observers note that further details […]

Tag: cryptocurrency

Brazil Central Bank Plans to Finalize Crypto Regulations by End of the Year

SEBI Open to Oversight of Crypto Trade, in Contrast to Reserve Bank of India

FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

BlockFi and Coinbase Collaborate on Fund Distribution, Web Platform to Shut Down

Australian Tax Office Requests Data on Over a Million Cryptocurrency Users

Robinhood Faces Potential SEC Lawsuit Over Cryptocurrency Practices

India is Behind Pakistan in Crypto Adoption, US Ranked Second in Crypto-Friendly Nations

Binance Founder Changpeng Zhao Receives Four-Month Prison Sentence

𝐆𝐨𝐨𝐠𝐥𝐞 𝐂𝐥𝐨𝐮𝐝’𝐬 𝐖𝐞𝐛𝟑 𝐏𝐨𝐫𝐭𝐚𝐥 𝐋𝐚𝐮𝐧𝐜𝐡 𝐒𝐩𝐚𝐫𝐤𝐬 𝐃𝐞𝐛𝐚𝐭𝐞 𝐢𝐧 𝐂𝐫𝐲𝐩𝐭𝐨 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

IRS Reveals New Form for Brokers to Report Your Cryptocurrency Transactions Next Year

Russian gov’t approves new crypto taxation framework

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

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