regulation | ForkLog

ForkLog 16 05.04.2022

SEC Chief Calls for Tougher Oversight of Bitcoin Exchanges and Stablecoin Issuers

The SEC is considering tighter regulation of stablecoin issuers and restrictions on cryptocurrency exchanges as custodians and market makers, according to remarks by Gary Gensler, head of the SEC.

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ForkLog 14 04.04.2022

Indonesia to Impose VAT and Income Tax on Cryptocurrency Transactions

From May 1, Indonesia will begin collecting value-added tax (VAT) on crypto-asset transactions and income tax on capital gains from such investments. In both cases, the rate will be 0.1%, according to a representative of the country’s Tax Service in an interview with Reuters.

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ForkLog 15 01.04.2022

SEC tells crypto exchanges to reflect clients’ cryptocurrency holdings on balance sheets

Exchanges listing cryptocurrencies will be required to reflect on their balance sheets the digital assets they hold for clients. This follows updated SEC accounting guidance, The Wall Street Journal reports.

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ForkLog 25 01.04.2022

Crypto exchanges to operate at Kazakhstan’s Astana International Financial Centre under pilot

At the Astana International Financial Centre (AIFC), a pilot project to create and develop cryptocurrency exchanges will be launched, according to the local Agency for Regulation and Development of the Financial Market.

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ForkLog 23 31.03.2022

European Parliament backs mandatory verification for users of DeFi wallets

The European Parliament backed amendments to the information-exchange regulation between counterparties that envisage collecting data on users of non-custodial cryptocurrency wallets.

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ForkLog 18 31.03.2022

Media: BitMEX abandons takeover of Bankhaus von der Heydt

The BitMEX-linked BXM Operations AG and the German Bank Bankhaus von der Heydt (BVDH) agreed to cancel the takeover. As reported by Finanz-szene.

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ForkLog 7 31.03.2022

EU warns that crypto assets threaten financial stability

The European Union must move quickly to adopt the MiCA regulation for crypto-assets, addressing the financial stability risks from the spread of crypto assets. This is stated in a report following the meeting of the European Systemic Risk Board (ESRB).

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ForkLog 16 31.03.2022

UK extends temporary registration regime for a number of crypto firms

From 1 April 2022, the temporary registration regime for crypto firms will cease to apply in the UK. The FCA said it would make exceptions for a 'small number' of firms whose applications were not fully processed.

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ForkLog 23 29.03.2022

US Treasury proposes extending foreign-account reporting to crypto assets above $50,000

The US Treasury has proposed extending to cryptocurrencies the requirement to report to the Internal Revenue Service the existence of overseas accounts with assets above $50,000.

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ForkLog 16 29.03.2022

White House forecasts an additional $11 billion in crypto tax revenues

The US budget is set to receive an additional $11 billion through 2032 as a result of expanded reporting requirements for digital assets. These calculations are in the proposal.

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ForkLog 10 27.03.2022

European Parliament to vote on mandatory verification of DeFi wallet users

On March 31, ECON will vote on amendments to the information-sharing regulation for transfers of funds, which would collect data on users of non-custodial crypto wallets, according to Patrick Hansen of Unstoppable Finance.

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ForkLog 16 25.03.2022

BoE outlines approach to regulating cryptocurrencies

The Bank of England (BoE) published the framework principles for shaping the regulatory and legal framework for cryptocurrencies, focusing on the future risks posed to financial stability by a new class of assets.

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