Regulation

In its 2021 Global Financial Stability Report, the IMF states that cryptocurrencies do not yet pose a systemic threat to the international system. However, according to the institution, "the risks must be closely

Sir Jon Cunliffe, deputy governor of financial stability at the Bank of England (BoE), said Bitcoin - and other cryptocurrencies in general - could cause a financial crisis unless they face tough government

Federal Reserve Chairman Jerome Powell told Congress that he "has no intention of banning" cryptocurrencies as China has done. "No intention to ban them," Powell said. However, stablecoins for being "like money market

The Cuban government announced yesterday that it will recognize and regulate cryptocurrencies for payments. The announcement came as resolution by the country's own central bank, defining how citizens will be able to use

US Securities and Exchange Commission (SEC) chairman Gary Gensler wrote a letter to Senator Elizabeth Warren stating that cryptocurrency investors "are not adequately protected." The letter is a response to a letter that

The last meeting of the bipartisan infrastructure plan in the US Senate was complemented with several new provisions aimed at expanding cryptocurrency-related taxation. According to the published document, policy makers intend to raise

The European Commission confirmed a new proposal this week, calling for stricter regulation of anonymous cryptocurrency wallets and transactions. According to the document, the Commission proposed to oblige companies that facilitate the transfers

Since its inception, sterling has lost 99.5% of its value. However, the fall in the value of its fiat currency does not seem to worry the government, what has been keeping the

In recent statements, representatives of the central bank of China and the central bank of the United States have expressed themselves quite dissatisfied with the legislation (or lack thereof) that regulates stablecoins. China's

The US Treasury's Financial Crimes Enforcement Network (FinCEN) is increasing its focus on cryptocurrencies. The organization named Michele Korver, who previously worked for the Department of Justice, to be FinCEN's first chief digital

Decentralized finance (DeFi) projects may be required licensed to legally operate in Thailand, says the country's Securities and Exchange Commission (SEC). The news caused controversy in the crypto community. While some welcome the

India’s central bank has asked banks not to cite its 2018 circular that barred them from dealing with crypto companies, and reminded banks that the country’s Supreme Court quashed the ban

The U.S. Treasury Department released a report with the Biden government's tax compliance plan, including a new requirement for companies to report cryptocurrency transfers of $ 10,000 or more to the IRS.

Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services to cryptocurrency-related companies, marking a new crackdown on digital money. In comparison to a previous ban issued in

Cryptocurrency investors in Hungary could get a big tax cut very soon, as lawmakers seek to make the Central European country more competitive after the Covid-19 pandemic. The information comes from Finance Minister

In Germany, new legislation enabling managers of the most popular institutional investment funds—the so-called Spezialfonds—to allocate 20% of them to crypto-assets is set to come into force on July 1. The

Jerome Powell, president of the Federal Reserve, said last week during an event on central bank digital innovation, that the U.S. central bank is actively exploring the launch of a digital dollar.

Fidelity Investments, Square and several other financial companies are forming a new trading group that aims to shape the way bitcoin and other cryptocurrencies are regulated. The Crypto Council for Innovation will lobby

Kentucky lawmakers recently approved several state tax exemptions, including House Bill 230, which would remove the tax on sales of electricity purchased by local crypto mining operators. Kentucky lawmakers voted 19 to two

Russia is making progress with tax cryptography legislation after the country's parliament passed the corresponding bill at first reading. The bill has been in progress for several years and presents amendments to the