Regulation

South Korea’s Financial Services Commission (FSC) will consider NFTs as virtual assets from July 19. NFTs used for payments and exchanges will be recognized and eligible to accrue interest when deposited in exchanges. The news clarifies the situation of NFTs in the FSC’s guidelines published last year. National governments and authorities across the globe are scurrying to accommodate the crypto world into their financial systems. Many are formulating new regulations, while some are revising...

Turkey is not going to impose taxes on profits from trading crypto assets and stocks, clarified an official from the country’s finance ministry. The clarification comes after news reports mentioning Ankara’s plans to impose crypto taxes started making rounds few days ago. According to news reports from earlier this week, Mehmet Simsek – Turkey’s treasury and finance minister announced plans to put the country on the path of economic recovery.  Taxing income from cryptocurrency and stock...

[PRESS RELEASE – Tallinn, Estonia, June 4th, 2024] SwissBorg, a leading European cryptocurrency investment platform, is proud to announce its full compliance with the Financial Conduct Authority’s (FCA) stringent rules on financial promotions in the UK. One of a few cryptocurrency platforms to ensure such compliance in the UK, SwissBorg ensures that UK users are equipped with the necessary knowledge and skills to navigate the world of cryptocurrency investments. SwissBorg has...

CoinspeakerMexico Elects New President, Here’s What It Means for Crypto Now, Mexican regulation does not have any specific rules for various types of tokens, such as NFTs, stablecoins, utility tokens, and CBDCs. Mexico Elects New President, Here’s What It Means for Crypto

Ripple has contributed $25 million to the Fairshake super PAC, aligning with an industry-wide effort to advocate for pro-crypto policies and politicians. Ripple’s decision to boost Fairshake’s efforts comes amid its own ongoing legal battle with regulatory bodies like the SEC. The agency’s lawsuit prompted the company to take a more proactive stance in advocating for fair and balanced regulation within the industry. Ripple Advancing Pro-Crypto Agenda In a press release,...

The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied. The bill, titled the Financial Innovation and Technology for the 21st Century Act (FIT21), received near unanimous support from Republicans alongside 71 additional votes from Democrats, resulting in a final tally of 279 ‘yea’ to 136 ‘nay’. A ‘Historic’ Step For Crypto Regulation Crypto...

The Trump campaign announced on Tuesday that it would begin accepting cryptocurrency donations, marking the first time a major party presidential nominee has done this. This decision is in line with Trump’s broader agenda, which the campaign described as valuing “freedom over socialistic government control.” Trump Campaign Vows to Build “Crypto Army” According to a campaign press release, Trump supporters can now donate using “any cryptocurrency accepted through the Coinbase...

Cryptocurrency, once a niche interest among technologists and libertarians, has exploded into mainstream consciousness over the past decade. As technological advancements have propelled the development and adoption of digital currencies, regulatory frameworks worldwide have evolved in response. This dynamic interplay between innovation and regulation is reshaping the financial landscape, creating new opportunities and challenges for investors, businesses, and...

CoinspeakerBrazil Central Bank Plans Multi-Phased Crypto Regulations by Year’s End The Banco Central do Brasil (BCB) acknowledges the complexity of regulating the diverse crypto sector. Brazil Central Bank Plans Multi-Phased Crypto Regulations by Year’s End

Crypto is emerging as a hot topic in the U.S. presidential election this year, with many voters looking forward to hearing their candidates takes on the asset class. Per a Digital Currency Group (DCG) survey of 1201 registered voters conducted last month, about one in five voters view crypto as a major issue in the 2024 election. Roughly 40% of voters said they want their candidates to talk more about crypto, with most respondents agreeing that crypto regulation needed an...