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Cryptocurrency Regulation and Taxing

Pakistani Minister Says There Is No Objection To the Use Of Crypto In the Country

Kavon Hyatt | November 26, 2021 | Leave a comment
Ali Muhammad Khan, the State Minister for Parliamentary Affairs under Pakistan, stated that the respective government has no hostility regarding the utilization of cryptocurrencies by the country’s youth. On 20th October, the Pakistani parliament’s lower house highlighted the non-availability...
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Russia Has No Plans To Ban Crypto Completely

Kavon Hyatt | November 5, 2021 | Leave a comment
Unlike that of China, Russian authorities had stated that the possibility of crypto being banned in its totality is not as likely, as many had speculated that the latter may end up following the former’s footsteps (when China had...
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US Senate Candidate Wants To Set Up Fort Nakamoto As A Strategic BTC Reserve

Kavon Hyatt | October 27, 2021 | Leave a comment
A candidate for U.S. Senate “Blake Masters” wishes to organize “Fort Nakamoto” (a systematic Bitcoin reserve), which would be linked to gold and Fort Knox, according to him. The step was triggered by the renewed crackdown started by China...
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Gary Gensler Says Investors Do Not Have Enough Protection In Cryptocurrency Space

Kavon Hyatt | October 7, 2021 | Leave a comment
Speaking in his testimony to the Senate Banking Committee, SEC Chairman Gary Gensler highlighted the issues regarding investor protection in crypto. Gary Gensler stated before the Senate Banking Committee that the lack of Investor protection in new techs such...
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UK Financial Watchdog Points the Finger at Kim Kardashian As She Pushes A Risky Cryptocurrency Token

Kavon Hyatt | September 24, 2021 | Leave a comment
The financial watchdog of the United Kingdom has alleged Kim Kardashian saying that she was involved in promoting a digital token that might be risky for the investors. The chairman at the U.K.’s FCA (Financial-Conduct-Authority) and PSR (Payment-Systems-Regulator), Charles...
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US SEC Investigates DeFi Exchange Uniswap

Kavon Hyatt | September 21, 2021 | Leave a comment
As another signal of mounting regulatory stress on the industry of cryptocurrency, the Securities-and-Exchange-Commission (SEC) of the United States is initiating the investigation of Uniswap Labs, which is known as the force at the back of the crypto exchange...
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El Salvador’s Government Votes In Favor Of Developing A BTC Trust

Kavon Hyatt | September 13, 2021 | Leave a comment
The authorities of El Salvador favoured the construction of a Bitcoin Trust costing up to $150 Million. The role of the trust for converting Bitcoins to US dollars can assist the local population in balancing their exposure to cryptocurrency....
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Impending Crypto Taxation Bill Continues To Worry Industry Insiders

Kavon Hyatt | September 6, 2021 | Leave a comment
As the enormous $1 trillion infrastructure bill of the United States is amidst the parliamentary procedures, the outcomes of this proposal of crypto tax are still unanswered. In the meantime, the industry of cryptocurrency is getting prepared with a...
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Citigroup Seeks Regulatory Approval To Launch BTC Futures Trading On CME

Kavon Hyatt | September 2, 2021 | Leave a comment
Citigroup, a U.S.-based multinational giant for investment banking, is reportedly looking to initiate the trade of Bitcoin Futures, saying that the banking institution has observed a heightened interest of its institutional investors in BTC. Keeping this in view, the...
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El Salvador’s President Gears Up To Implement Bitcoin Law On Sep 7

Kavon Hyatt | September 1, 2021 | Leave a comment
Nayib Bukele, the president of El Salvador, has disclosed the framework for the forthcoming enactment of the set of rules named ‘Bitcoin Law’ to begin from 7th September, after which the Chivo app (as a crypto wallet) will be...
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