Canada is aiming to have the OECD standard for crypto asset tax reporting in place by 2027, as agreed with 46 other countries.
Regulation News
Crypto regulation is an umbrella term for the network of laws, statutes and legal practices surrounding the crypto and blockchain industries. Since Bitcoin's 2008 white paper, the legal status of these industries has been the subject of a huge amount of conversation. Lawmakers and regulators have had to cope with an entirely new set of concerns. Some governments have reacted hostilely, seeing crypto as a threat to monetary control. Others have embraced the industry for its capacity to link distant economies and facilitate trustless transactions across the globe. But most of the world is still figuring out exactly how to legislate, regulate and prosecute the set of laws surrounding such a young industry.
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Wikipedia censored data for U.S. elections and the Covid pandemic in 2020, former Wikimedia CEO Katherine Maher admitted in a viral video.
1138Oladotun Akangbe, the chief marketing officer of Flincap, stated controversies in the Nigerian crypto space are to be expected, considering the country’s growing crypto adoption.
2990Increased focus on Bitcoin during the halving period may shape its future regulation and other cryptocurrencies.
2627Much of the debate surrounds whether Act 851 should be changed and how specific those changes should be.
1996The Swedish Tax Agency found several crypto firms provided misleading business descriptions to avoid paying taxes between 2020 and 2023.
1254The full regulatory license could turn the tides for Binance, which has been under intense regulatory scrutiny for at least two years.
3279Binance and nine foreign crypto exchanges were blocked in India over non-compliance with local AML regulations.
2315Griffith’s attorneys are asking for a sentence reduction from 63 months to 51 months or less.
1450The SEC’s Gary Gensler managed to excite, then rudely disappoint crypto fans with a “legendary and respectable troll thread.”
6366The senator wants new sanctions authority included in stablecoin legislation, but the Lummis-Gillibrand bill will disappoint her.
1616Avi Eisenberg could face up to 20 years in prison if found guilty of commodities fraud and manipulation related to his alleged October 2022 exploit of Mango Markets.
1077Democratic candidates in Texas and Alabama both won their primary races after receiving a combined $3.7 million in financial support from the Protect Progress Super PAC.
9528The Deutsche Bundesbank is the fourth central monetary authority to conduct research in conjunction with MIT’s Digital Currency Initiative.
848For months, Senators Kirsten Gillibrand and Cynthia Lummis had hinted that they were preparing legislation to establish guardrails for stablecoin issuers and users.
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