Australia’s confusing new crypto tax guidance is ‘toilet paper,’ says law firm
Australia's controversial new guidelines for cryptocurrency taxation should be ignored for being unclear and should probably be seen as “toilet...
Regulation
Paxos receives two in-principle approvals in Abu Dhabi
Paxos has received two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM). The...
FSB calls for global regulation of multifunction crypto firms
The Financial Stability Board (FSB) says multifunction crypto-asset intermediaries (MCIs) are critical to the cryptocurrency ecosystem. However, their business models...
UK Finance Minister proposes a sandbox initiative for crypto regulations
UK Chancellor Jeremy Hunt has revealed plans for a cryptocurrency legislative initiative. The government aims to pass legislation to officially...
Germany’s Commerzbank obtains crypto custody licence
Commerzbank has become the first full-service bank in Germany to receive regulatory approval for a crypto custody licence. Commerzbank, among...
IMF MD asks for global preparation for central bank digital currencies (CBDCs)
IMF’s Georgieva urges global readiness for CBDCs at Singapore FinTech Festival. CBDCs are a potential cash replacement, enhancing resilience, and...
Dubai approves XRP under its virtual assets regime
Ripple says approval allows licensed firms to incorporate XRP into their crypto asset services. CEO Brad Garlinghouse notes that Dubai...
Turkey is preparing new law on crypto assets: report
Turkey is preparing a new law on crypto regulation, according to Finance Minister Mehmet Simsek. The legislation looks to toughen...
UK government outlines FCA’s role in stablecoin regulation
The HM Treasury today published a policy update to the country’s crypto regulation. In it, the UK government has outlined...
Zodia Markets gets VASP registration in Ireland
Zodia Markets is a Standard Chartered-backed digital asset exchange and brokerage platform. The company has announced its registration as a...
Pro-Ripple lawyer predicts prolonged legal battle, hints at settlement factors
Pro-Ripple lawyer John Deaton said he expects a lengthy legal process in the United States Securities Exchange Commission (SEC) vs. Ripple...
IRS extends comments period for new crypto tax rule to mid-November
The United States Internal Revenue Service (IRS) has extended the commentaries period for crypto tax reporting rules proposed in August...
Stablecoin market escaping US regulatory oversight: Chainalysis
The United States government may be losing regulatory oversight of the stablecoin market, according to a new report by blockchain...
FTX creditor claims breach the 50c mark as buyers see light at the end of the tunnel
The market for FTX creditor claims has been heating up, with some claims now reportedly selling for more than 50...
Crypto advocates file amicus brief to address users’ Fourth Amendment privacy rights
Cryptocurrency advocacy group the DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of...
Crypto-friendly Rep. Tom Emmer pursues nomination for House speaker
Crypto-friendly Republican Representative Tom Emmer is pursuing a nomination to become speaker of the United States House of Representatives, with...
EU data protection regulators urge anonymity for smaller transactions in digital euro
On Oct. 18, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion...
IRS crypto tax reporting rules threat to industry — Coinbase legal chief
Coinbase crypto exchange chief legal officer Paul Grewal called on the crypto community to join the movement against the United...
UK to target potential AI threats at planned November summit
The United Kingdom (U.K.) will be hosting the world's inaugural international summit on artificial intelligence (AI) safety in Nov. 2023....
Tether freezes 32 addresses linked to terrorism in Israel and Ukraine
Key takeaways Stablecoin issuer Tether has frozen over 30 crypto addresses linked to terrorism and warfare in Ukraine and Israel....
Australia proposes new licensing regime for crypto exchanges
Exchanges with specific asset levels must obtain an Australian Financial Services License The draft legislation is expected to go out...
California Gov. Newsom greenlights crypto regulation bill for 2025
California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to...
