Crypto capital is moving to Puerto Rico as tax regulations are much more favorable than in the U.S. proper.
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.
“Establishing clear regulatory expectations will be paramount to give this market an opportunity to grow and mature in a responsible manner,” said Jelena McWilliams.3504
A decentralized autonomous organization is developing tools to make DAO-building more accessible as it dreams of a decentralized society.823
All individuals and institutions in the country, including banks, will have to sign up using the new AML registry from the Bank of Spain.2613
The “Travel Rule” aims to bring reporting standards for virtual asset service providers in line with other traditional financial institutions.1888
The UAE continues to be one of the friendliest jurisdictions worldwide for the digital asset industry.7019
Crypterium’s cryptocurrency wallet application is available in more than 170 countries, the company says.3580
The report is also expected to clarify the regulatory jurisdiction of the Treasury Department and CFTC with regards to stable tokens.5756
The Bitcoin ETF approval has been the biggest, but by no means the only, policy-related story of the last week.1431
The SEC has been holding steady for years, but the real-world dynamics of crypto adoption and maturation rendered an ETF approval all but inevitable.4363
The Nigerian central bank digital currency was originally slated for launch earlier this month, but it has been delayed.3989
The recent law “On Digital Financial Assets” has not gone far enough in the eyes of Russian crypto industry advocates.4203
Polymarket is believed to have hired former CTFC enforcement head James McDonald to handle the probe.3591
U.S. regulators are looking at crypto-related areas, touching on financial regulation, economic innovation and national security.10132
Brick and mortar crypto exchanges are common in Hong Kong, but concerns remain around uncertain regulations that could demolish these shops entirely.6262