Key Takeaways South Korea has rolled out its first comprehensive crypto regulatory framework, the Virtual Asset User Protection Act (VAUPA). This legislation, prompted by the Terra-Luna and FTX collapses in 2022, aims to ensure safety nets for cryptocurrency investors and…
Key Takeaways The IRS has released its final draft of new cryptocurrency broker reporting requirements, with a clear mandate for industry participants. On June 28, the IRS and the Treasury Department outlined new rules requiring most crypto brokers to disclose…
Key Takeaways The Central Bank of the United Arab Emirates (CBUAE) has approved the issuance of a new system to oversee and license stablecoins. As per reports, the meeting chaired by UAE vice president and CBUAE chairman Sheikh Mansour bin…
Key Takeaways The UK government Agency called the Insolvency Service has shut down a crypto advisory firm Amey Finance Academy alleging that it was misleading customers into taking part in loss-making investments. As per the press release, Desmond Amey, the…
Key Takeaways In a significant development, Congressman Drew Ferguson and Wiley Nickel introduced the Providing Tax Clarity for Digital Assets Act to the U.S. House of Representatives on April 30. The bipartisan effort seeks to establish clear guidelines regarding the…
Key Takeaways Thailand’s Securities and Exchange Commission (SEC) has issued a stern warning to crypto exchanges operating in the country, urging them to move away from misleading advertisements targeting potential investors. Deputy Secretary-General Anek Yooyuen stressed the need for crypto…
Key Takeaways South Korea is gearing up for parliamentary elections, with political parties strategically appealing to voters, particularly the youth interested in cryptocurrencies. The Democratic Party promises to remove restrictions on both domestic and international exchange-traded funds (ETFs) holding crypto…
Key Takeaways Estonia has recently passed a bill aimed at imposing stringent regulatory measures on digital asset service providers, marking a significant step towards regulating and fortifying the cryptocurrency industry in the country. The legislation, endorsed on March 20, underscores…
Key Takeaways Saddam Azlan Salim, a state senator in Virginia, has presented Senate Bill 339 (SB 339), aimed at preventing state authorities from hindering citizens in engaging in various cryptocurrency and bitcoin-related activities. Introduced on January 9, the bill addresses…
Key Takeaways In a move aimed at tackling the misuse of crypto-assets in illicit financial activities, the European Banking Authority (EBA) has expanded the European Union’s Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) guidelines to now include crypto-asset service providers…
