Kazakhstan’s President Reportedly Calls for Tax Increase on Crypto Mining
Kassym-Jomart Tokayev, Kazakhstan’s president, called for a higher tax on cryptocurrency mining just weeks after a new charge went into force. Tokayev stated the present rate of 1 Kazakh tenge ($0.0023) per kilowatt of power is insignificant, and he ordered the government to raise the tax as quickly as possible, as well as come up […]
Russia’s Finance Minister Suggests Allowing Banks to Sell Cryptocurrencies
Unlike the Bank of Russia, Siluanov Russia’s Finance minister believes banks may be licensed to provide crypto exchange services. According to Russian newspaper Kommersant, Russian Finance Minister Anton Siluanov repeated the ministry’s stance on regulating rather than prohibiting cryptocurrency and urged allowing cryptocurrency trading through banks in a letter written to Prime Minister Mikhail Mishustin […]
Russian tech and political execs slam crypto ban proposal
Several Russian CEOs have voiced dissatisfaction with the country’s recent decision to prohibit crypto-related transactions and mining. Russia seemly isn’t pleased with the ban Telegram’s CEO and co-founder Pavel Durov, as well as Russian opposition leader Alexei Navalny’s right-hand Leonid Volkov, both went to Telegram to oppose the central bank’s plan, which calls for a […]
UK to put strict restrictions on deceptive crypto ads
The UK Treasury’s move to regulate crypto advertising as other financial goods aims to reduce the danger of investors being duped or misled. UK’s crackdown on misleading crypto adverts The UK Treasury stated on Tuesday that it intends to regulate cryptocurrency commercials in the same way that it regulates other financial products, ensuring that ads […]
The Spanish financial regulator has established new rules for advertising crypto-asset
The Spanish financial regulator, the Comisión Nacional del Mercado de Valores (CNMV), has established new rules and regulations regarding crypto-adverts, the law will take effect from February 2022. Crypto advertisements must be “clear, balanced, and fair,” according to the new circular, which will take effect on February 17, 2022, while also providing relevant information on […]