Key Takeaways The Virginia Senate passed a significant bill aimed at advancing the understanding and utilization of blockchain technology and cryptocurrencies within the state. Senate Bill No. 339, introduced on Feb. 5, proposed the creation of a dedicated workgroup tasked…
The FSC has revealed that in September 2024, a new draft of digital asset legislation for Taiwan will be proposed.
Hungary is pushing a bill allowing banks, investment firms, and asset managers to provide services in Bitcoin and other cryptocurrencies.
Key Takeaways Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) is pushing for a reconsideration of the country’s cryptocurrency taxation policies. Currently, Indonesia levies a 0.11% value-added tax (VAT) on each crypto transaction and imposes a 0.1% income tax on capital…
Key Takeaways The Crypto Council for Innovation (CCI) has raised significant concerns regarding proposed stablecoin regulations in Hong Kong, outlined in a consultation paper by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB).…
Key Takeaways The U.S. House Financial Services Committee took a significant step by voting in favor of a resolution aimed at scrapping the Securities and Exchange Commission’s Staff Accounting Bulletin 121 (SAB 121). This resolution, known as H.J. Res. 109,…
In a letter to G20 finance ministers and central bankers, FSB chair Klaas Knot stated that the outlook for global financial stability is still difficult.
Key Takeaways Spain’s financial regulatory authority, the National Securities Market Commission (CNMV), has recently issued a warning to investors about 18 companies operating in the country without proper licensing. Among them are several cryptocurrency companies such as Bitbinx, Crytomerge, and…
Key Takeaways Japanese financial regulators have recently issued new guidelines concerning peer-to-peer (P2P) crypto transactions, putting a spotlight on the need for local banks to step up their vigilance. The Financial Services Agency (FSA) clarified that these guidelines are specifically…
Key Takeaways The Financial Conduct Authority (FCA) in the UK has taken decisive action against firms illegally promoting cryptocurrencies, issuing a staggering 450 consumer alerts in the last quarter of 2023. The FCA’s regulations on promotions, which came into effect…
