In a groundbreaking move, 47 national governments have committed to the swift transposition of the Crypto-Asset Reporting Framework (CARF), an international standard for the automatic exchange of information between tax authorities. The joint pledge, published on November 10, reflects a collective effort to bolster tax compliance and combat tax evasion
In a recent statement on the social media platform X (formally known as Twitter), Brian Armstrong, the CEO of the renowned cryptocurrency exchange Coinbase, voiced his strong opposition to the regulation of artificial intelligence (AI). Armstrong’s perspective on AI regulation has stirred significant discussion within the tech and cryptocurrency communities.
The Hong Kong Securities Regulatory Commission will approve the compliant exchange for the first time to provide service to retail investors. This approval comes after the Hong Kong Securities Regulatory Commission introduced cryptocurrency trading guidance for retail investors under a new set of licensing rules. 一张好"牌"，即将到来 pic.twitter.com/S6AIgiuJgb — Livio Weng
Montana Governor Greg Gianforte has signed a pro-cryptocurrency mining bill, S.B. 178, into law. The bill largely prevents local governments in Montana from passing laws that prohibit cryptocurrency mining. It enshrines crypto miners’ rights in the state by revising existing laws to prohibit discriminatory electrical rates for mining firms and
To prevent fraud, the United Kingdom is planning to outlaw cold calling for financial items, such as insurance and cryptocurrencies. According to the National Crime Agency, fraud costs the nation approximately £7 billion ($8.7 billion) yearly. The UK offered 400 new jobs as a component of its new fraud strategy
Recent reports on Twitter have announced that Montana has legalized cryptocurrency mining within the state. In February of this year, the Montana Senate House passed the “Right to Mine” Bitcoin (BTC) bill with an impressive vote of 37-13. Also, this bill grants citizens of Montana the right to own and
The Securities and Futures Commission (SFC) of Hong Kong is seeking public input on its recently proposed licensing scheme for cryptocurrency exchanges. That is slated to go into effect in June 2023. On Feb. 20, the SFC announced the consultation process and detailed a new licensing framework for the industry.
The largest cryptocurrency exchange Binance onboarded Noah Perlman, crypto exchange Gemini’s former C-suite executive, as its new Chief Compliance Officer. Evidently, Binance is reinforcing its compliance team through significant hiring to insulate itself from growing regulatory scrutiny. The news about this prominent hiring was first reported by Bloomberg on Monday,
The Securities and Exchange Commission (SEC) is investigating Kraken, one of the biggest cryptocurrency exchanges in the world. SEC to examine whether regulations broken in some of its sales to American investors. The inquiry is related to some services Kraken provided to customers in the United States. The exchange has
Federal bank regulatory authorities in the United States have released a statement on the risks of cryptocurrencies to banking organizations. On Jan. 3, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued a joint statement regarding the challenges that
