The Philippines' financial authority has opted not to hurry the publication of a legal framework on the crypto industry, which was initially scheduled for late 2022
Since it has only been ten months since the tax regulations were adopted in March 2022, experts believe that the Indian government needs more information and time before deciding on strict tax policies.
The collapse of the exchange FTX highlighted the risks the sector poses to consumers, prompting the Bank of England to announce that it intended to speed up its efforts to regulate trading in digital currencies.
Binance, FTX, Huobi, and Bybi-among exchanges that got blocked. From January 1, 2023, Uzbek citizens and companies are legally permitted to conduct transactions only with licensed cryptocurrency exchanges.
Araujo states Bitcoin is the catalyst for what is today known as Web3. Brazil is looking to launch CBDC called the digital real soon
"The CBDC is an expression of the Real within the environment in which cryptocurrencies operate," says Araujo.
The Crypto and Digital Assets All Party Parliamentary Group plans to make the U.K. a "global home of crypto investments."
The inquiry will involve discussion with industry leaders on ways to improve current U.K. crypto regulations. Public participants are invited to view the inquiry, and written submissions will be accepted until September 5, 2022.