Cryptocurrency news - Politics
Bill addressing stablecoins risks in US likely delayed until September
Lawmakers in the United States House of Representatives have reportedly pushed back the timeline for considering a bill addressing the potential risks of stablecoins. According to a Monday report from the Wall Street Journal, people familiar with the matter said House members wi...
South Korea Postpones 20% Crypto Tax to 2025
The implementation of South Korea's planned taxes on crypto earnings has been delayed by two more years, according to the 2022 tax reform plan announced on Thursday by government officials. The announcement comes after the country's legislators in December delayed initial plan...
Bank of Russia opposes private stablecoins in the country
In a fresh episode of the longstanding battle between the Central Bank of Russia (CBR) and the country's Ministry of Finance, representatives of the former have criticized the latter’s idea of supporting the stablecoins, which some private investors have sought to launch in...
Singapore's Central Bank Weighs Further Safeguards on Retail Crypto Trading
The Monetary Authority of Singapore (MAS) is considering introducing further safeguards on access to crypto among the general public, a senior government minister said. Tharman Shanmugaratnam, minister in charge of MAS, said in parliament on Monday that the central bank may "p...
USD stablecoin premiums surge in Argentina following economy minister's resignation
Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman. The minister’s shock exit, confirmed on his Tw...
Singapore Central Bank Censures 3AC for Misleading and False Disclosures
Singapore's central bank, the Monetary Authority of Singapore (MAS), reprimanded embattled hedge fund Three Arrows Capital (3AC) for misleading it with false information. MAS said the fund failed to disclose ownership information and exceeded the threshold set for assets under...
EU officials reach agreement on AML authority for supervising crypto firms
The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset service providers, or CASPs. In a Wednesday announcement, the council said it had agreed on a partial position of a proposal...
Argentina's Customs Office Seizes $21M in Crypto Mining Equipment
Argentina’s customs office seized 2,233 crypto mining rigs that it claims were improperly invoiced at about $5 million more than their actual value, reported newspaper Ámbito Financiero. According to a complaint filed by the agency on Thursday, the machines were val...
US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach
Michael Hsu, acting chief of the Office of the Comptroller of the Currency (OCC), said the recent fireworks in the crypto industry have further cemented his resistance to allowing lenders unfettered exposure to the digital assets markets. Hsu is one of the top U.S. banking regul...
Singapore Will Crack Down on Bad Crypto Behavior
Singapore's central bank will be "brutal and unrelentingly hard" on bad behavior in the crypto industry, the chief fintech officer at the Monetary Authority of Singapore told the Financial Times. In an interview with the newspaper, Sopnendu Mohanty said Singapore has enforced...