Category: Regulation

Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings

Russia Proposes Harsh Penalties for Unreported Cryptocurrency HoldingsRussia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested […]

The post Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings appeared first on Bitcoin News.

Continue Reading

The CFTC Files Complaint Against Crypto Trading Company

The CFTC Files Complaint Against Crypto Trading CompanyThe United States Commodity Futures Trading Commission (CFTC) on Thursday, September 24, filed a complaint against crypto dealing Paxforex for allegedly soliciting or accepting business from US customers without relevant registration. According to a report, the CFTC wants a U.S. court to stop Paxforex from continuing with the “unlawful acts and practices,” as well as […]

The post The CFTC Files Complaint Against Crypto Trading Company appeared first on Bitcoin News.

Continue Reading

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New LawIsraeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli […]

The post Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law appeared first on Bitcoin News.

Continue Reading

Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide

Cambridge University's Third Crypto Study Records 101 Million Cryptocurrency Users WorldwideThe University of Cambridge and the school’s Centre for Alternative Finance has published the third “Global Cryptocurrency Benchmarking Study.” The 71-page in-depth study examines the current growth of the crypto industry, mining, offchain activity, crypto asset user profiling, regulation, and security. The September 2020 third edition of the Global Cryptoasset Benchmarking Study concentrates on four […]

The post Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide appeared first on Bitcoin News.

Continue Reading

Digital Commodity Exchange Act of 2020: US Lawmakers Propose Single National Crypto Framework

Digital Commodity Exchange Act of 2020: US Lawmakers Propose Single National Crypto FrameworkLawmakers in the U.S. have introduced the Digital Commodity Exchange Act of 2020 to create a single, national regulatory framework for cryptocurrency trading platforms, including those that trade bitcoin, ether, their forks, and other cryptocurrencies. On the same day, the Securities Clarity Act was also introduced. Digital Commodity Exchange Act of 2020 The bill entitled […]

The post Digital Commodity Exchange Act of 2020: US Lawmakers Propose Single National Crypto Framework appeared first on Bitcoin News.

Continue Reading

Cryptocurrency ETF by Nasdaq and Hashdex Approved to List on Bermuda Stock Exchange

'Hashdex Nasdaq Crypto Index ETF' Approved to List on Bermuda Stock ExchangeA cryptocurrency exchange-traded fund (ETF) by Nasdaq and Brazilian fund manager Hashdex has reportedly been approved to trade on the Bermuda Stock Exchange. Hashdex says the new cryptocurrency investment product tracks the Nasdaq Crypto Index. Hashdex Says ETF Will Track Nasdaq Crypto Index Brazilian fund manager Hashdex confirmed to news.Bitcoin.com on Tuesday that the company […]

The post Cryptocurrency ETF by Nasdaq and Hashdex Approved to List on Bermuda Stock Exchange appeared first on Bitcoin News.

Continue Reading

Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading

Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins TradingFollowing the regulatory sandbox approval by Canadian regulators, Wealthsimple announced that it has launched “Canada’s first regulated crypto platform.” The new crypto exchange is regulated by the federal government as well as regulators in 13 provinces and territories in Canada. Wealthsimple Crypto Regulated in All Provinces and Territories in Canada Canadian investment management firm Wealthsimple […]

The post Canadian Regulated Cryptocurrency Exchange Wealthsimple Begins Trading appeared first on Bitcoin News.

Continue Reading

Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies

Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More CryptocurrenciesNew research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This week the crypto asset insurance company Evertas published a cryptocurrency survey that included a number […]

The post Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies appeared first on Bitcoin News.

Continue Reading

5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels

According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds flowed almost effortlessly through JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank, […]

The post 5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels appeared first on Bitcoin News.

Continue Reading

EU to Launch Comprehensive Crypto Regulation by 2024: Report

EU to Launch Comprehensive Crypto Regulation by 2024: ReportThe European Union is planning to implement comprehensive cryptocurrency regulation by 2024, two EU reports have reportedly revealed. This follows five European finance ministers calling on the European Commission to put in place “very strong and very clear rules” on cryptocurrency. EU Crypto Regulation Coming Soon A comprehensive cryptocurrency regulatory framework is expected to be […]

The post EU to Launch Comprehensive Crypto Regulation by 2024: Report appeared first on Bitcoin News.

Continue Reading

Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations

Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto RegulationsThe Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers to include recommendations for risk management, as well as clarify aspects around the issuance of digital assets. In a statement released on September 17, the regulator said the new updates are part of an ongoing effort to adapt […]

The post Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close