Australian Labor Party (ALP) gives its stance on crypto regulation
The Australian Labor Party (ALP), which has been in office for three months, has finally spoken out about its plans for crypto regulation and how the government will improve how Australia’s system manages crypto assets. A senate inquiry report last year on “Australia as a Technology and Financial Center” was warmly welcomed by the industry, […]
Kazakhstan Amends Registration Rules For Crypto Miners
Kazakhstan’s updated regulations come amid a broader crackdown on the crypto mining industry in the Central Asian country, where the influx of miners has been blamed for persistent power shortages. Bagdat Musin, Kazakhstan’s minister of digital development, issued an order expanding the registration and reporting requirements for those minting digital coins. Individual entrepreneurs and legal […]
South Korea’s New President Delays Crypto Taxes For Consumer Protection Legislation
South Korea’s newly elected president is demonstrating his crypto expertise by declaring that there will be no tax on crypto investment gains until legislation can ensure consumer protections. Yoon Seok-yeol, South Korea’s newly elected president, announced on Tuesday that he will push to postpone taxation on crypto investment gains at least until a new set […]
Gibraltar Introduces New Crypto Asset Regulation To Combat Market Manipulation
The crypto regulation document in Gibraltar will require cryptocurrency companies to conduct due diligence on and prevent insider trading and market manipulation. Gibraltar, a British overseas territory, has introduced a new regulatory framework for providers of distributed ledger technology (DLT ) services. The document goes into detail about the responsibilities of cryptocurrency businesses in the […]
Indian Finance Minister calls for globally coordinated approach to crypto regulation
Indian Finance Minister Nirmala Sitharaman has maintained her strong stance on crypto, saying it has a potential for money laundering and financing terrorist groups and urged for a global approach to crypto regulation. During the International Monetary Fund’s (IMF) “Money at a Crossroad” panel discussion, Sitharaman expressed concern about the unregulated crypto market, the use […]