Nigeria’s Tax Authority Proposes Comprehensive Crypto Bill
The FIRS is asking the National Assembly to approve a new law governing crypto in the nation.
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Latest firstHong Kong Sets 18-Month Deadline to Revamp Digital Asset Regulations
As part of its goal to establish itself as a global center for financial technology, Hong Kong plans to strengthen its legislation regarding digital assets within the next 18 months.
IRS Revises Draft Crypto Reporting Form for US Taxpayers
The IRS of the United States has revised its draft form, which requires taxpayers to disclose transactions involving digital assets beginning in 2026.
New Bill Seeks to Expand US Secret Service Powers Over Crypto Crimes
Key Takeaways On August 2, Senators Amy Klobuchar (D-Minn.), Chuck Grassley (R-Iowa), and Catherine Cortez Masto (D-Nev.) introduced the “Combatting Money Laundering in Cyber Crime Act of 2024.” This bipartisan bill seeks to grant the Secret Service enhanced investigative powers…
India’s Web3 Alliance Bolsters Cybersecurity in Wake of WazirX Hack
The Indian BWA is concentrating more on enhancing cybersecurity and enhancing consumer safety in the crypto sector in the wake of the $230 million attack on WazirX.
Senator Roger Marshall Withdraws Support for Crypto AML Bill
Key Takeaways Senator Roger Marshall (R-Kan.) has withdrawn his support for the Digital Asset Anti-Money Laundering Act (DAAMLA), a controversial bill he co-sponsored with Senator Elizabeth Warren (D-Mass.) in 2022. Marshall pulled his support on July 24, leaving 18 senators…
Hong Kong to Regulate Stablecoin Issuers with New Licensing Regime
Key Takeaways Hong Kong is set to introduce a licensing regime for stablecoin issuers, as the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have concluded their consultation on the matter. This development is…
Hong Kong SFC Issues Alerts Against Seven Unlicensed Crypto Trading Platforms
Key Takeaways The Securities and Futures Commission of Hong Kong (SFC) has raised alarms over seven cryptocurrency trading platforms operating without the required licenses. This move is part of a broader effort to curb the risks associated with scams and…
Cyprus Issues Alert to Combat Crypto Terror Financing
Key Takeaways The Institute of Certified Public Accountants of Cyprus (ICPAC) has released a “terror financing alert” to address the increasing use of cryptocurrencies in funding terrorism. This issue has been a growing concern for the regulator. The alert emphasizes…
Bank of Italy to Unveil Crypto Guidelines in ‘Coming Days’
The Governor of the Bank of Italy stated that the central bank will make recommendations "in the coming days" regarding how to implement new EU crypto legislation.