György Matolcsy , the governor of Hungary’s central bank (MNB), wants to see the European Union (EU) ban crypto trading and mining. In a press statement published on the official MNB website, Matolcsy noted that […]
A bill has been introduced in Canada to encourage the growth of the crypto sector. “Canada should be attracting billions of dollars in investment in the fast growing crypto asset industry. Today I introduced a […]
The Russian government and the Bank of Russia look to have crypto regulated as currencies, local reports have suggested. Russia is set to formally recognise cryptocurrencies as currencies, news reports out of the country suggest. […]
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations […]
Stablecoin regulation is one of the key issues in the President’s Working Group on crypto. US Treasury Undersecretary for Domestic Finance has said there is a need for Congress to move with speed in enacting […]
A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ […]
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more than $80 billion by […]
Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our digital economy.” The bill also aims to expand the use of cryptocurrencies for payments. Virtual Currency […]
The 30% tax is the highest income tax bracket in India India will also launch its digital rupee in the financial year 2022-2023, the Finance Minister said. India will begin levying a 30% tax on […]
A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the securities regulator new powers to regulate cryptocurrency platforms and decentralized finance (defi) protocols. New […]
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