More Regulations Coming to Bitcoin Exchanges Against ‘Economic Crimes’
Europol, Interpol and the Basel Institute on Governance have revealed three focus areas for their planned regulations on cryptocurrency exchanges. Regulations are Definitely Coming. A sure sign that Bitcoin has become more mainstream and accepted than ever is the increase in regulations. Nations are looking for tax revenue from Bitcoin users, and government law enforcement agencies are treating Bitcoin just as they would any other publicly traded currency. Recently, Europol, Interpol and the Basel Institute on Governance have announced that they are going to be much more active with their....
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PRESS RELEASE. Crypto changes quickly, with new tax laws and regulations coming to several countries in 2022, impacting how people need to report their crypto gains on taxes. New regulations in the US are a hot discussion topic among crypto investors, with a bill coming to fruition severely increasing the reporting needs for crypto brokers and traders. Beyond the increased regulation, new investment vehicles in crypto also spark doubts on traders on how to incorporate them into their local tax regimes. CoinTracking is here to cover the top 5 crypto tax changes to be aware of in 2022 and....
Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country.
Pilot Project to Develop Kazakhstan Into Regional Crypto Hub
Regulations allowing crypto exchanges registered at the Astana International Financial Center (AIFC) to be serviced by second-tier banks in Kazakhstan have been adopted by a working group comprised of representatives of the Ministry of Digital....
Italy recently declared that it would not tax digital currencies like Bitcoin. This is a great step in the right direction for the entire Bitcoin community because it opens up the market for Bitcoin usage. Small, medium and big businesses can accept Bitcoin without the fear of the Italian tax office coming after them for accepting the digital currency as payment for their services and/or products. This ruling also means that crypto exchanges will not be subject to extra VATs or other regulations for now. This makes Italy the first country in the world to allow crypto exchanges “free reign”....
Many nations have made news with how they are choosing to accept, or not accept, bitcoin into their national economies. Some have chosen to ban outright the currency while others see it as an opportunity for domestic economic growth & as a tax revenue stream for the nation-state. Sweden has recently instituted new regulations that at least show it is not going to be banned anytime soon. Or will it? Sweden Creates Bitcoin Mining Tax Regulations. In the country of Sweden, how they tax your income can be done in three different ways, depending upon its category of origin. You can be taxed on....
Regulations are coming, and DEXs need to step it up to survive, requiring KYC to weather the upcoming regulatory storm. Regulators from Europe, the United States and elsewhere are busily hammering out details on how to designate decentralized exchanges (DEXs) as “brokers,” transaction agents or similar entities that affect a transfer and cooperate with each other. The U.S. called for multinational cooperation in its executive order on responsible digital asset development, as did the European Union with its recent Financial Stability and Integration Review. And that is just what’s publicly....