Regulations News

Hong Kong has granted licenses to four additional cryptocurrency exchanges, reinforcing its goal to become a leading global crypto hub.

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, accusing the platform of failing to uphold consumer protection standards.

Former President Trump is pushing forward with a bold plan to eliminate capital gains taxes on cryptocurrencies issued by U.S. companies.

The Bank of England is giving businesses until March 2025 to report their exposure to cryptocurrency assets.

As Europe prepares to enforce new crypto regulations under the Markets in Crypto-Assets Regulation (MiCA), exchanges are taking significant steps to comply.

Ukraine is on track to legalize cryptocurrencies in early 2025, with plans to implement a tax structure similar to that of securities.

Australia is tightening its grip on cryptocurrency regulation with new proposals aimed at preventing financial crimes such as money laundering and terrorist financing.

The regulatory environment surrounding cryptocurrencies continues to face uncertainty, with many industry figures, including Bitwise CIO Matt Hougan, raising concerns.

Iran’s Central Bank has unveiled a new regulatory framework for the cryptocurrency sector, positioning itself as the primary authority overseeing the industry.

In a move that could attract more cryptocurrency investors, the Czech Republic has introduced a new law that will exempt Bitcoin and other cryptocurrencies from capital gains tax if held for over three years.

The French government has proposed a new tax targeting “unproductive wealth,” including cryptocurrencies, luxury goods, and unused real estate.

Dubai’s Virtual Assets Regulatory Authority (VARA) has issued warnings for seven cryptocurrency entities that falsely claim to be registered and licensed within the city.

Australia is overhauling its cryptocurrency regulations, with the Australian Securities and Investments Commission (ASIC) introducing new rules aimed at making crypto businesses more accountable.

Cambodian authorities have blocked access to 16 major crypto exchanges, including Binance, Coinbase, and OKX, due to their lack of licensing from the Securities and Exchange Regulator of Cambodia (SERC).

Donald Trump is gearing up to reveal his nominee for the next head of the Securities and Exchange Commission (SEC), fulfilling a campaign promise to overhaul the agency’s leadership.

South Korea’s Democratic Party (KDP) has shifted its stance on the proposed crypto capital gains tax, now agreeing to delay its implementation for another two years, pushing the tax start date to 2027.

Japan’s Financial Services Agency (FSA) is cracking down on several overseas cryptocurrency exchanges, accusing them of operating illegally within the country.

Brazil’s Central Bank (BCB) has unveiled a draft proposal aiming to restrict the withdrawal of foreign currency-backed stablecoins to self-custody wallets.

Taiwan has expedited the rollout of its Anti-Money Laundering (AML) rules for cryptocurrency businesses, following recent fines against two exchanges for failing to meet compliance standards.

Coinbase is set to end its USDC rewards program for users in the European Economic Area (EEA) starting December 1, a move driven by compliance with the upcoming Markets in Crypto-Assets (MiCA) regulation.

Russia has moved forward with a new tax framework for cryptocurrency, focusing on both mining and trading.

Hong Kong is introducing tax exemptions on crypto investments for high-net-worth individuals, hedge funds, and private equity firms to attract global capital and enhance its position as a cryptocurrency hub in Asia.

The Trump administration is considering expanding the Commodity Futures Trading Commission’s (CFTC) authority to oversee the cryptocurrency market, potentially positioning it as the primary regulator for Bitcoin (BTC) and Ethereum (ETH), moving away from the Securities and Exchange Commission’s (SEC) dominance.

A U.S. federal appeals court has overturned Treasury Department sanctions on Tornado Cash, a crypto-mixing platform that uses decentralized smart contracts to anonymize transactions.

Morocco is in the process of drafting a new cryptocurrency regulation, according to Abdellatif Jouahri, the governor of the country’s central bank.

The U.K. is setting its sights on a robust cryptocurrency regulatory framework, with plans to introduce comprehensive rules by 2026.

Ripple’s Chief Legal Officer, Stuart Alderoty, has called for substantial reforms at the U.S. Securities and Exchange Commission (SEC), urging the next chairman to reset the agency’s fraught relationship with the cryptocurrency sector.

Australia’s Treasury Department is seeking public input on how to implement a global cryptocurrency transaction reporting standard as part of its effort to enhance tax transparency and reduce international tax evasion.

Coin Center, a prominent crypto advocacy organization, has raised concerns about potential barriers to innovation in the U.S. crypto sector, even as expectations grow for a more crypto-friendly environment under a possible Trump administration.

Preliminary talks are reportedly underway among Texas lawmakers regarding the potential creation of strategic Bitcoin reserve legislation, as revealed by the Satoshi Action Fund (SAF), an advocacy group focused on cryptocurrency.

Russia’s tightening regulations on cryptocurrency mining have led to a surge in licensing applications, with the tax authorities receiving 150 submissions since November 1, 2024.

The UK is set to unveil a new regulatory framework for cryptocurrency assets early next year, according to a Treasury official.

Brad Garlinghouse, CEO of Ripple Labs, recently discussed the future of cryptocurrency under a potential Trump administration in an interview with Fox Business.

A judge in Shanghai’s People’s Court recently clarified China’s legal stance on virtual currency through an article on the court’s WeChat account.

South Korea’s Democratic Party is moving forward with plans to implement a tax on crypto profits by 2025 but has proposed a significant adjustment to the tax rules.

Major Jason Lowery, a US Space Force officer and author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, has applied for a position as a military advisor within the Department of Defense.

As Taiwan’s cryptocurrency market experiences significant growth, financial regulators are under pressure to revisit the country’s tax laws, which currently struggle to capture digital asset profits.

A U.S. federal judge ruled on November 18 that members of decentralized autonomous organizations (DAOs) could be held liable for the actions of other members under state partnership laws.

Russia is advancing its approach to cryptocurrency regulation with newly proposed amendments aimed at taxation.

The European Banking Authority (EBA) has unveiled a set of guidelines aimed at ensuring that payment service providers (PSPs) and crypto-asset service providers (CASPs) comply with EU and national sanctions when facilitating fund or crypto transfers.

As the United States pushes forward as a crypto-friendly hub, China could soon find itself under pressure to rethink its restrictive stance on digital assets.

Italy’s government has revised its proposed cryptocurrency capital gains tax increase, lowering it from 42% to 28%.

US Senator Cynthia Lummis is optimistic that her proposal to create a national Bitcoin reserve will gain traction within the first 100 days of Donald Trump’s second presidential term.

Following Donald Trump’s re-election, a16z crypto is reassuring founders that the evolving regulatory landscape will bring greater clarity to the sector.

Norway’s central bank, Norges Bank, has backed the EU’s Markets in Crypto-Assets Regulation (MiCA) as it considers a central bank digital currency (CBDC).

In July 2024, Turkey implemented the “Law on Amendments to the Capital Markets Law,” commonly referred to as the “cryptocurrency law,” marking a significant step in the country’s efforts to regulate the digital asset sector.

During Kenya’s Taxpayers’ Day on November 1, the government announced it had collected $77.5 million in cryptocurrency taxes over the past year.

Mike Novogratz, the CEO of Galaxy Digital, has publicly endorsed Hester Peirce as an ideal candidate for the next U.S. SEC Chair, highlighting her ongoing advocacy for clearer, more crypto-friendly regulations.

Circle CEO Jeremy Allaire believes that stablecoins are on track to become a globally regulated financial infrastructure.

In a recent interview with CNBC, Ripple co-founder Chris Larsen expressed optimism about a significant shift in the regulatory landscape for cryptocurrencies.

Italian Minister of Economy and Finance Giancarlo Giorgetti has defended the government’s plan to increase the capital gains tax on cryptocurrencies like Bitcoin from 26% to 42%, pushing back against critics at a World Savings Day event on October 31.

British Finance Minister Rachel Reeves announced on October 30 an increase in capital gains tax rates for assets like stocks and cryptocurrencies.

Recent developments from Russia have sparked concerns in the cryptocurrency sector. The country has recently permitted the use of Bitcoin (BTC) and other cryptocurrencies for international transactions.

Hong Kong plans to license digital asset exchanges by the end of 2024 after a five-month review of crypto platforms, as announced by Eric Yip, Executive Director for Intermediaries at the Securities and Futures Commission (SFC), during Fintech Week.

Europe’s upcoming Markets in Crypto-Assets Regulation (MiCA), effective December 30, poses significant challenges for stablecoin issuers by requiring them to hold at least 60% of reserves in European banks.

The SEC’s stringent regulations on cryptocurrencies are drawing significant backlash, especially from Nic Carter, who criticized the agency’s policies for pushing investors toward meme coins.

India’s approach to cryptocurrencies and central bank digital currencies (CBDCs) is sparking debate, with some suggesting CBDCs could have advantages over private cryptocurrencies.

Russian President Vladimir Putin recently signed a new law on cryptocurrencies that expands the legal framework for their mining and related infrastructure across the country.

On Thursday, the Netherlands launched a public consultation on a proposed law that would require crypto service providers to disclose user data to tax authorities.

This tax will apply not only to cryptocurrencies purchased after that date, but also to assets acquired as early as January 2009, when the first Bitcoin block was mined.