REGULATION
Crypto Mom Flags New Proposal From SEC as Harmful for the DeFi Ecosystem
Hester Peirce, popularly known in the digital currency ecosystem as “Crypto Mom” has issued a note of warning that a new proposal from the commission can significantly hurt the Decentralized Finance (DeFi) ecosystem.
India Chooses to Regulate Crypto, Will Levy 30% Taxes on Income Earned from All Digital Assets
In a dramatic turn of events, India has decided to regulate cryptocurrencies with a major move introducing crypto taxation on all transactions involving digital assets.
Thailand's Market Watchdogs Suggest Crypto Regulation to Avoid Threatening Financial Stability
Regulators in Thailand, including The trio of the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and the Ministry of Finance (MOF), issued a joint statement on cryptocurrencies that threaten the local financial ecosystem.
Russian Finance Ministry Believes Crypto Should be Regulated not Banned
The Ministry of Finance in Russia believes that the ban on crypto-assets should be shelved. Proper regulations would provide both transparency and protection to citizens.
Indonesian Regulator Moves to Ban Financial Services Firms by Dealing with Crypto
Indonesian market watchdog, the Otoritas Jasa Keuangan (OJK) has warned all financial service outfits operating in the country to abstain from dealing or facilitating transactions bordering on digital currencies in the country.
Russian Tech and Political Oligarchs Opposes Blanket Crypto Ban
Tech and political oligarchs in Russia are expressing their full displeasure over the proposed blanket ban on crypto.
Puerto Rico to Become a Prefered Destination for Crypto Investors, Establishing Friendly Taxation and Island Lifestyle
Under Act 60 or the Individual Investors Act, non-Puerto Rican residents get exempted from paying capital gains for investments realized, and this is one of the factors attracting crypto investors.
Modi Urges Global Effort to Deal with Crypto, Indian Crypto Sector Remains in Uncertainty
The Indian Prime Minister has called for a collective global effort to tackle the challenges posed by cryptocurrencies as the country's crypto sector remains in uncertainty.
Acting OCC Comptroller Urges Regulators to Collaborate with Crypto Intermediaries
Michael J. Hsu, the Acting Comptroller of the Office of the Comptroller of the Currency (OCC) has advocated that regulators should collaborate with major crypto intermediaries in order to get a grasp of how the ecosystem functions.
Hong Kong Resumes Discussion on Stablecoin Regulation, Offering 5 Options to the Public
The Hong Kong Monetary Authority (HKMA) has published a discussion paper in which it is soliciting the public’s contributions to its proposed regulatory approach to digital currencies and stablecoins.