IOSCO to Release Crypto Regulation Report in 2023
The IOSCO published ideas about "finfluencers," decentralized finance, and stablecoin agreements.
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Latest firstDenmark Court: Tax Now Applicable on Bitcoin Gains
The Supreme Court of Denmark has decided that profits from the sale of Bitcoin (BTC) are taxable.
Florida Governor Ron DeSantis proposes CBDC ban
Ron DeSantis, governor of Florida, has declared his support for legislation that would forbid central banks from issuing digital currency
Taiwan’s FSC to oversee the crypto sector excluding NFTs
According to the Financial Supervisory Commission(FSC) Head, Huang Tien-mu, Taiwan will soon have special legislation to regulate cryptocurrency,
UK Adds Crypto Capital Gains Disclosure In Tax Forms
U.K. residents will be mandated to disclose the value of their crypto holdings, beginning in the following tax year, which runs through April 2025.
EU Parliament passes smart contract legislation under the Data Act
According to the EU Data Act, smart contracts must have a kill switch and must not lack authorization.
The New York AG labels Ethereum as a security in a lawsuit against KuCoin
Letitia James, the attorney general of New York State, is suing KuCoin on the grounds of KuCoin being an unlicensed broker or dealer in commodities and securities.
US budget proposes 30% excise tax on crypto miners’ electricity usage
Under the proposal, crypto miners will be mandated to estimate the electricity costs generated by any “electricity generating plant.”
Ether and Stablecoins are commodities, asserts CFTC chair
Behnam asserted that it "would not have allowed" Ether futures products to be listed on CFTC exchanges if it "did not feel strongly that it was a commodity asset."
Crypto Transactions to come under the ambit of Anti-Money Laundering Law in India
Data from transactions must be kept by operators for ten years and made available to authorities upon request.