Tag: Regulations
British Government Introduces Bill to Classify Crypto as a Personal Property
Reading time: < 1 minuteThe UK government has announced plans to introduce a bill that will assess whether cryptocurrencies, including Bitcoin, can be considered “personal property” under domestic law.
New Zealand to Implement OECD Crypto Reporting Framework
Reading time: < 1 minuteThe latest proposal put forth by New Zealand’s Minister of Revenue outlines the implementation of the cryptocurrencies reporting framework developed by the Organisation for Economic Co-operation and Development (OECD).
Nigeria’s Regulator to Issue Licenses to Crypto Trading Platforms
Reading time: < 1 minuteNigeria’s Securities and Exchange Commission (SEC) plans to issue licenses to cryptocurrency exchanges.
South Korea Enacts its Crypto Regulation
Reading time: < 1 minuteSouth Korea has just implemented the Virtual Asset User Protection Act.
Taiwan Tightens its AML Regulations for Crypto Companies
Reading time: < 1 minuteOn July 16, Taiwan’s parliament revised its laws on anti-money laundering to require crypto providers to register for AML compliance.
Nigeria’s Crypto Industry Participants Urge SEC to Regulate Crypto as Commodities
Reading time: < 1 minuteMembers of the crypto industry in Nigeria are urging the country’s Securities and Exchange Commission (SEC) to follow suit and adopt a similar approach in its regulations.
Nigeria’s Regulator Orders Crypto Companies to Open a Local Office
Reading time: < 1 minuteThe Securities and Exchange Commission (SEC) of Nigeria has implemented a new condition that virtual asset service providers (VASPs) must meet before being eligible for the framework program.
IRS Unveils Final Regulations for Crypto Brokers
Reading time: < 1 minuteOn June 28, the United States’ Internal Revenue Service (IRS) announced its final version of the new reporting requirements for crypto brokers and clarified which industry participants will be affected by the changes.
Vanuatu to Implement a Digital Asset and Service Provider Bill
Reading time: < 1 minuteVanuatu, a Pacific Island nation, is expected to pass its long-awaited digital asset and service provider bill in September.
Italy Plans to Increase its Vigilance of the Crypto Market
Reading time: < 1 minuteItaly is planning to implement measures to strengthen surveillance of risks associated with crypto assets, including imposing hefty fines for market manipulation and insider trading.
