Tax Authority Slated to Become Main Crypto Regulator in Russia
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official...
Regulation
OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety
Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina...
SEC chair Gensler claps back at Coinbase, says crypto rules already exist
The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling...
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says – Regulation Bitcoin News
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the...
French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin – Regulation Bitcoin News
A French crypto trader, Thomas Clausi, is currently jailed in Morocco where he was convicted of the crime of purchasing...
Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules – Regulation Bitcoin News
The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According...
Philippines Law Enforcement Busts Crypto Scam Center, Over 1,000 Human Trafficking Victims Rescued – Regulation Bitcoin News
Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers...
Liechtenstein Prime Minister Says Government to Accept Bitcoin Payments, Open to Investing Reserves in BTC – Regulation Bitcoin News
Liechtenstein’s prime minister has reportedly revealed that bitcoin payments will be accepted for some government services. “A payment option with...
Ripple CEO Says Company Spends $200 Million Fighting SEC Lawsuit Over XRP, Ruling Could Come in 3 Months – Regulation Bitcoin News
Ripple CEO Brad Garlinghouse has revealed that his company is spending $200 million defending itself against the SEC in its...
‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US – Regulation Bitcoin News
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most...
UK High Court Rules to Set Aside Interim Proprietary Injunction Against Binance – Regulation Bitcoin News
A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange...
Kenya proposes 3% tax on cryptocurrency transfers
Kenya’s Treasury Secretary outlined the tax proposals in a document sent to parliament on 4 May, 2023. The 3% crypto...
Kenya considers tax on crypto, NFT transfers and online influencers
Kenya's lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible tokens (NFTs) transfers and a 15%...
Jury convicts former OpenSea manager in NFT-insider trading case
The former OpenSea manager who was accused of insider trading of NFTs has been convicted on May 3 of wire...
US congressmen chide presidential advisers over crypto stances in economic report
United States Congressmen Warren Davidson and Mike Flood have written a letter to the chair of the Council of Economic...
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion – Regulation Bitcoin News
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution...
First Republic’s crisis is not an isolated incident: JPMorgan exec
An executive at J.P. Morgan Asset Management is unsure how United States regional banks are “going to operate” when the...
Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight Against School Violence – Regulation Bitcoin News
A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due...
Fed, NYDFS assess their supervisory performance after March’s big bank failures
Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The...
UK opens consultation on taxation of DeFi transactions
UK’s HM Treasury has outlined tax policy changes targeted at DeFi lending and staking. The proposals are part of a...
Crypto Has Evolved From Being Seen as an ‘Anti-Establishment Rebellion Asset’ Says FCA Executive Director – Regulation Bitcoin News
From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more...
Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted – Regulation Bitcoin News
Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in...
