The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized to issue a digital currency. Ukrainian President Volodymyr Zelenskyy has signed…
Senator and former United States presidential candidate Elizabeth Warren believes that the digital asset industry may be a tool to tackle some challenges in the traditional financial system. A known skeptic of cryptocurrencies like Bitcoin…
The Kazakhstan government is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions. Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure…
Blockchain Australia, a major association representing the local cryptocurrency industry, has officially introduced its crypto regulation recommendations to the federal government. The association filed a submission to the Senate Select Committee on Australia as a Technology…
Securities and Exchange Commissioner (SEC) Hester Peirce voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETF). During an online appearance at the Bitcoin (BTC) conference “The B Word,” Peirce…
The Reserve Bank of India, or RBI, continues to investigate the issuance of a central bank digital currency, or CBDC. T Rabi Sankar, the deputy governor of RBI, said in a speech organized by the…
Way back in 2014, the United States Internal Revenue Service (IRS) ruled that cryptocurrency is property in Notice 2014-21. That classification as property has some big tax consequences accentuated by wild price swings. Buying and…
The European Commission has submitted a new proposal that would require crypto-asset service providers to collect additional Anti-Money Laundering information from those who utilize cryptocurrency for money transfers. The stated purpose of this proposal is…
The Turkish Ministry of Treasury and Finance announced that a draft bill to establish a legal framework for crypto assets in the country is ready. Deputy Minister Şakir Ercan Gül announced that the crypto bill…
Japan is strengthening its efforts to regulate digital currencies on a global scale, with related government authorities reportedly looking to expand staff to impose stricter rules. Japanese regulators have expressed fresh concerns over the massive…