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The Regulators are Coming for Crypto: What Investors Need to Know

Increasingly sophisticated and constructive regulation of digital assets promotes innovation and helps economies to flourish. Just this week, Ether (ETH) breached the $4,000 mark while Bitcoin (BTC), the world’s most popular cryptocurrency, recently hit another all-time high at over $63,000. Meanwhile, Dogecoin (DOGE) continues its roller-coaster ride after “Dogefather” Elon Musk’s appearance on Saturday Night Live and news about digital artwork […]

Europe Awaits Implementation of Regulatory Framework for Crypto Assets

A deep dive into the EU’s Markets in Crypto-Assets regulatory proposal, which could provide a precedent for other countries. The global landscape of crypto-asset regulations is diverse and, even though it is getting more complex, many regulators are still choosing to wait and see how this space develops and what others will do. Right now, […]

Ripple Wins Access to SEC Discussions on Defining Crypto Assets as Securities

Ripple’s lawyers will dig through the SEC’s internal discussion on crypto for mention of XRP. Ripple Labs has been granted access to the United States Securities and Exchange Commission’s documents “expressing the agency’s interpretation or views” on the subject of crypto assets. According to Law360, U.S. Magistrate Judge Sarah Netburn granted the defendants’ motion “in large […]

The Need for a Dialogue Between Crypto Businesses and Regulators

Regulators and service providers are collaborating as never before to address systemic vulnerabilities of the crypto industry, the Cointelegraph reported on October, 4. This year has been a strong one for digital asset markets, highlighted by growing institutional inflows and a propitious shift in the regulatory environment. Witness the U.S. Securities Exchange Commission’s September letter […]

EU to See Comprehensive Crypto Regulation by 2024

Crypto continues its trek into the mainstream. The European Union, or EU, plans to incorporate crypto and blockchain technology into its main processes by 2024.  Over the next four years, the economic union aims to firm up fresh regulations that will promote blockchain and digital asset usage for international money transfers, according to internal documents that Reuters reported […]

Venezuela Bans Crypto Mining From Public Housing

Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission). During an official speech on July 15, Villaroel stated that […]

Global Stablecoins May Be Subject to Securities Regulation, Says IOSCO

The International Organization of Securities Commissions (IOSCO) thinks global stablecoin initiatives might be subject to securities laws, according to a new report. Published Monday, the 31-page examination of regulatory issues around stablecoins – cryptocurrencies with prices pegged to a low-volatility asset reserve – stressed that jurisdiction and regulation ultimately depend on project specifics. IOSCO looked at a […]

South Korean Tax Policy Association Proposes Two-Step Tax on Cryptocurrencies

South Korean tax experts have advised the Korean government to apply a low-level trading tax on cryptocurrency profits before subjecting citizens to a transfer income tax, according to a Business Korea report. The Korean government is expected to announce its tax reform plan in late 2020.  The low-level trading tax was recommended because there is a […]

EU Can’t Decide What to do with Libra

Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the European Union can’t figure out what to do about Libra, the digital currency set to be released by […]