Cryptocurrency news
Paraguayan Bill Regulating Crypto Mining and Trading Moves Closer to Law
Paraguay's Chamber of Deputies on Wednesday approved by a 40-12 vote a bill regulating crypto mining and trading. The country’s Senate in December had already passed similar legislation, and the bill will now return to that body with the Chamber of Deputies’ modifica...
South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown
South Korea's financial authorities are looking to introduce measures to hold crypto exchanges to greater scrutiny in the wake of Terra's collapse, according to a report by The Korea Times. Crypto was on the agenda at a National Assembly emergency seminar this week. A two-day-lo...
Interest in Ethereum Name Service reaching ‘critical mass’
The Ethereum Name Service is having its best month on record for new registrations, account renewals, and revenue thanks to community awareness and low gas fees. Lead developer at Ethereum Name Service (ENS) Nick Johnson tweeted on May 23 the metrics for the Web3 domain...
Swiss think tank urges greater global cooperation on crypto regulation
In a bid to combat illegal activity and "regulatory arbitrage," a Swiss-based think tank has urged greater international cooperation on cryptocurrency regulation. On Monday, the Basel Institute of Governance and the International Academy of Financial Crime Litigators rel...
Meta trademark filing hints at plans for crypto payments platform
Social media giant Facebook's parent company, Meta, may be planning to launch a payments platform with support for cryptocurrency. According to records submitted to the United States Patent and Trademark Office, or USPTO, on May 13, Meta filed five applications for its n...
Dutch Finance Official Wants to Ban Retail Investors From Trading Crypto Derivatives
Crypto derivatives trading should be restricted to wholesale markets, a senior Dutch financial regulator said recently. The comments suggest Dutch supervisors want to join the U.K. in banning access to options and futures based on virtual assets for regular retail customers, eve...
Portugal Makes U-Turn on Cryptocurrency Tax
Portuguese Minister of Finance Fernando Medina said cryptocurrencies will be subject to taxation in the near future, according to comments in the nation's parliament on Friday, as reported by Sapo. “Many countries already have systems, many countries are building their m...
Crypto capital gains one of four key areas for the Australian Tax Office
The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022. A capital gain or loss refers to the price difference between the time an asset was purchased and the time it was sold. The percentage owed to the ATO varies...
FTX US Reveals New York Trust Charter Application
FTX US has applied for a trust charter with the New York financial services regulator as part of a push to allow it to operate in New York state and offer its products to local residents. A trust charter from the New York State Department of Financial Services enables digital...
UK government targets crypto in latest legislative agenda
The United Kingdom has introduced two bills, both concerning the seizure of and support for cryptocurrencies as part of Prince Charles' remarks at the State Opening of Parliament. In a Tuesday publication released by the U.K. Prime Minister’s Office, the government...