crypto regulations

Ripple sends request letter to US Regulators for new crypto regulations

Ripple requests US Congress for new crypto regulations

Ripple, the blockchain payment network has made an open request to the US regulators for making supportive crypto regulations. It has signed an open letter to Congress making a request for fresh regulations. The letter has highlighted that it considers the importance of banks and policies for the monetary exchange system…

Crypto Wallet Abra

Crypto wallet Abra puts restrictions for its US users

Crypto wallet Abra has announced some major changes for its U.S. users due to “continued” regulatory uncertainty in the country. The company will migrate all digital currencies other than BTC, ETH, LTC, and BCH to a native hosted wallet solution. The U.S. users will no longer be eligible to hold QTUM, bitcoin gold (BTG), EOS, […]

The First Regulated Crypto Platform of Latin America

The First Regulated Crypto Platform of Latin America Is Here

At a time when regulators in Washington and other major countries are lashing cryptocurrencies, pleasing news has come for Mexico. The Gibraltar Financial Services Commission(GFSC) will start the regulation of the crypto trading platform Bitso from August 1. With this move, the platform has become the first regulated crypto platform of Latin America.

Facebook Libra

Facebook Crypto Libra Faces First Hurdle: Lawmakers Voice Opposition Citing Privacy Concern

The ghost of user privacy and data leaks is back to haunt Facebook again. It’s not even one day past the release of the whitepaper of crypto project Libra, there is a wave of opposition rising against the Facebook crypto. Maxine Waters, head of the U.S. House of Representatives Financial Services Committee wants Facebook to […]

ID Check mandatory for Cryptocurrency Exchanges

Lithuania Makes ID Check Mandatory for Cryptocurrency Exchanges

To curb the money laundering entities, Lithuania’s finance ministry is going to introduce new regulations for the crypto exchanges running in the nation. The new rules make customer ID Check mandatory for Cryptocurrency Exchanges for any kind of transaction. The parliamentary body has approved of the new regulations. However, there is no information on the […]

Crypto Tax Avoidance Schemes

Australia To Investigate Crypto Tax Avoidance Schemes

The Australian Tax Office (ATO), the country’s tax agency, is investigating 12 international crypto tax avoidance schemes. The J5 (The Joint Chiefs of Global Tax Enforcement) announced the crackdown after a recent meeting. The news comes from a report of the country’s daily. The union is planning to pursue 50 global investigations. ATO’s deputy commissioner, […]

New Crypto regulation

New Crypto Regulations Passes To Upper House in Japan

New crypto regulations passes to the upper house from the Japanese parliament. This information has come from the local news agency report. As per the report, emendations made to two of Japan’s financial laws, the Financial Instrument and Exchange Act and Payment Service Act. It aims to vitalize the provincial regulations of the crypto trading […]