crypto regulation

tether

Tether to Track Stablecoin Network Activity with Chainalysis Suite

Chainalysis is rolling out a global compliance solution for Tether (USDT). The announcement just happens through a press release. As a result, the stablecoin’s issuer is now able to identify “high risk” transactions occurring on its network. The tracking is possible via Chainalysis’ Know-Your-Transaction (KYT) suite which allows token issuers to monitor the activity of […]

crypto regulation in Italy

Italy’s Regulator Shuts Down 8 Crypto Trading & Foreign Exchange Sites

Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites. According to Finance Magnate’s Feb 10 report, the Commissione Nazionale per le Societa e la Borsa (CONSOB) has accused these 8 FX sites of violating the Mifid2 and the Consolidated Law on France (TUF) for providing illegal […]

FINMA wants to bring stricter AML rules for crypto transactions

FINMA Wants to Bring Stricter AML Rules for Crypto Transactions

The Swiss Financial Market Supervisory Authority (FINMA) suggests a plan to bring stricter anti-money laundering rules for crypto transactions. As per the proposal, crypto transactions of over 1,000 Swiss Francs will require client identification as opposed to the current limit of 5,000 francs. FINMA said the new limit is due to heightened money laundering risks […]

blockchain in india: digital rupee

Blockchain Adoption in India: Draft Calls for State-Run Digital Indian Rupee

Blockchain adoption in India takes a new turn. A breeze of India’s inhabitant plan on blockchain and distributed bill record suggests an executive bank digital banking (CBDC), a digital Indian rupee, and an inhabitant blockchain. The National Institute for Smart Governance (NISG) is a non-profit open physique from the Govt of India. NISG recently publishes […]

Singapore Law requires crypto firms to be licensed in the country

New Singapore Law Requires Crypto Firms to Be Licensed in the Country

New Singapore law has come into force today. It requires all crypto firms and businesses operating in the country to get registered and licensed. Singapore Payment Service Act was first passed in early January 2020 and is enacted now. The Monetary Authority of Singapore (MAS) announces the news on Tuesday. According to the act, it […]

cryptocurrency act of 2020

Cryptocurrency Act of 2020 by US Lawmakers to Bring Regulatory Clarity

The Cryptocurrency Act of 2020 is a draft bill first brought in front of the House of Representatives by U.S. Congressman Paul Gosar (Republican Arizona). The proposed bill aims at bringing regulatory clarity to the cryptocurrency sector. According to the copy obtained by Forbes, the bill seeks to clarify which federal agencies should regulate cryptocurrencies […]

National Liberal Party

UK’s National Liberal Party to adopt pro Crypto consumer policy

The National Liberal Party (NLP) of the UK has become the first UK political party to introduce a coherent forward-looking policy on cryptocurrency. It argues that the current crypto policy has failed and the government hasn’t taken any action…

US House of Representatives

US House of Representatives gets new crypto tax bill

United States House of Representatives has introduced a tax bill that will allow the exclusion of gain or loss on like-kind exchanges of virtual currency. The bill is called ”virtual value tax fix act of 2019”. Ted Budd, a Republican Congressman from North Carolina, decided to reintroduce this crypto tax bill.