Cryptocurrency news - Politics
Afghan Authorities Shut Down 16 Crypto Exchanges in One Week
The Afghanistan police force shut down 16 cryptocurrency exchanges in the country's western Herat province over the past week, independent local media outlet Ariana News reported on Wednesday. Law enforcement closed down the platforms and arrested their staff. This move came a...
South Korea Plans to Tax Crypto Airdrop Recipients
In South Korea, recipients of crypto airdrops could be slapped with a tax of up to 50%, a government official said, according to Digital Times. Airdrops, or blockchain based token giveaways, are one of the ways crypto companies market their initiatives. South Korea said last ye...
South African Reserve Bank encourages friendly behavior with crypto
The Prudential Authority of the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurrency. It suggested that such an act could cause greater risk in the long...
EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings
European Union (EU) banks that are exposed to cryptocurrencies like bitcoin (BTC) would face caps and hefty capital requirements under proposed amendments to a financial-services law published Wednesday. The plans, tabled by Green Party lawmaker Ville Niinistö, seek to anti...
Canadian regulatory council creates new preregistration filing for crypto platforms
The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms will be expected to provide a preregistration undertaking to their principal regulators as they take steps to comply fully...
Indian Authorities Freeze Nearly $46M in Assets of Crypto Lender Vauld
India's Enforcement Directorate (ED), a government agency that is responsible for probing financial crimes, has frozen assets worth 3.7 billion rupees ($46.4 million) at crypto exchange Vauld, it said in a statement Friday. The statement confirmed authorities are interested in...
Bank of England Raises Interest Rate by Most Since 1995
The Bank of England (BOE) raised its interest rate by 50 basis points to 1.75%, the biggest single increase since 1995, amid concern U.K. inflation will climb significantly above 10% next year. The rate is now the highest since the start of the global financial crisis in late...
Singapore's Central Bank to Consult Public on Stablecoin Regulations
The Monetary Authority of Singapore (MAS), the country's central bank, is "actively reviewing" its approach to regulating stablecoins, Tharman Shanmugaratnam, the minister in charge of the bank, said. The bank is "assessing the merits" of a regulatory regime that targets "the sp...
Final candidates for next UK prime minister have made pro-crypto statements
Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become the next prime minister for the United Kingdom, have both previously expressed pro-crypto views. ...
Japan’s crypto groups call for end of taxing paper gains
Japan’s leading crypto lobby groups plan to submit a proposal to Japan’s financial regulatory body to address its high crypto taxes, which experts warn make Japan less competitive as a crypto hub. According to an internal memo seen by Bloomberg, the proposal...