Swiss Authority to Implement Global Crypto Reporting Framework
Switzerland's authority has invited public comment on embracing international standards to "ensure equal treatment" for crypto tax reporting as regular assets.
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Latest firstIMF Urges Nigeria to Tighten Regulations on Crypto Platforms
Key Takeaways The International Monetary Fund (IMF) has advised Nigeria to tighten regulations on global cryptocurrency platforms operating within its borders. Following a thorough review known as the 2024 Article IV consultation, the IMF has emphasized the urgent need for…
Consensys Sues SEC Over Ethereum Regulation
Due to allegations that the US SEC intends "to regulate ETH as a security," the software development company Consensys launched a lawsuit against them.
EU Parliament Passes Anti-Money Laundering Bill, Spotlights Crypto Services
Key Takeaways The European Parliament has passed new regulations aimed at combating anti-money laundering (AML) measures, including provisions targeting crypto exchanges. The legislation, which received approval on April 24, formalises due diligence requirements for crypto companies as part of the…
Manitoba In Canada Suspends New Electricity Requests for Crypto Operations Until 2026
Key Takeaways Manitoba, a Canadian province, has extended its moratorium on new requests for electrical service for cryptocurrency operations until April 30, 2026. This extension follows the initial pause imposed in November 2022 due to concerns about the strain cryptocurrency…
ASIC Targets Unlicensed Blockchain Firms, Court Grants $40 Mln Crypto Transfer
Key Takeaways In a recent development, the Australian Securities and Investments Commission (ASIC) has taken decisive action against NGS companies and their directors. Brett Mendham, Ryan Brown, and Mark Ten Caten now face legal proceedings for allegedly enticing local investors…
US Treasury Official Proposes Measures for Enhanced Crypto Crime Prevention
In testimony before the Senate Banking Committee, US Deputy Treasury Secretary Adewale Adeyemo persisted in calling for increased enforcement authority for his organization.
Paraguay Mulls Temporary Crypto Mining Ban Over Power Strain Concerns
Key Takeaways Paraguay lawmakers have proposed a bill to temporarily ban crypto mining and related activities in the South American nation, citing concerns over illegal mining operations draining power and causing disruptions to the electricity supply. The bill, introduced by…
Argentine Government Enacts Registration Rules for Crypto Companies
The government has started implementing the rules that cryptocurrency exchanges must meet to operate lawfully in Argentina.
Indonesia Set to Launch Regulatory Sandbox for Crypto Assets
Local financial services providers must be part of the regulatory sandbox or allow space for testing future innovations, such as crypto asset products.