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Cryptocurrency Regulation and Taxing

Central Bank Of Indonesia Intends To Use Its CBDC To Fight Private Cryptocurrencies

Kavon Hyatt | December 25, 2021 | Leave a comment
The central bank of Indonesia contemplates introducing a CBDC being a financial instrument to confront private cryptocurrencies. The financial organizations of the country consider that an incredible competition would be provided by a CBDC to the altcoins as well...
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Binance Need To Improve AML Compliance In Order To Set Up Its Headquarter In France Says Regulators

Kavon Hyatt | December 22, 2021 | Leave a comment
The AMF (Authorité des Marchés Financiers), the French regulator, has reportedly declared that Binance (a well-known crypto exchange) must ensure compliance with the anti-money laundering laws if it is wishing to build a regional headquarter in Paris. In the...
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Bank Of Canda Believes Crypto Is Not A Major Risk To the Economy

Kavon Hyatt | December 21, 2021 | Leave a comment
The Bank of Canada considers that cryptos do not present any massive systemic risk to the country’s economy due to their functioning on the margins of the financial system. In contrast to the neighbors thereof, The United States perceives...
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Australian Tax Office States It Cannot Depend On Cryptocurrency Investors Own Records

Kavon Hyatt | December 21, 2021 | Leave a comment
The ATO (Australian Tax Office) states it cannot depend on the crypto investors in the matter of keeping track of their crypto transactions as well as profits, although the majority of investors are trying their best. Chris Jordan (the...
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Ripple CEO Says Their Case With SEC Is Likely Going To End Next Year

Kavon Hyatt | December 20, 2021 | Leave a comment
Brad Garlinghouse (the CEO of Ripple) stated that the exchange is adequately advancing in its defense against the SEC in the lawsuit thereof. He added that the respective case will not be concluded at any time before the coming...
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US Authorities Intend To Sell Crypto Worth $56M To Compensate Victims Of BitConnect Scam

Kavon Hyatt | December 16, 2021 | Leave a comment
The Department of Justice of the United States is looking to sell off the 56 million USD worth of crypto seized after the BitConnect scam. This came out in a press release from the Department of Justice where it...
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Senator Lummis Asks Hillary Clinton To Use Bitcoin For Stabilizing USD

Kavon Hyatt | December 16, 2021 | Leave a comment
A Bitcoin (BTC) devoted Republican Senator for the state of Wyoming, Cynthia Lummis, has answered Hillary Clinton for warning against cryptocurrencies by suggesting the adoption of BTC as a large-scale economic solution. She asserted that it has the potential...
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London Officials Want To Prohibit Crypto Promotions After the Recent Controversial FLOKI Ads

Kavon Hyatt | December 15, 2021 | Leave a comment
After the recent scandalous ads of FLOKI (Floki Inu) in London, native authorities have been involved in devising strategies for banning the promo campaigns regarding cryptocurrency. It has been reported that TfL (Transport for London) has been urged by...
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Swedish Authorities Ask European Union For A Ban On Crypto Mining Activity

Kavon Hyatt | December 13, 2021 | Leave a comment
Swedish officials have issued an open letter for European Union recommending a prohibition over the energy-exhaustive crypto mining operations as it is hindering the country, as well as the EU area in general, from fulfilling the Paris Climate Agreement...
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Nigerian Central Bank Orders Financial Institutions To Close Cryptocurrency-Related Accounts

Kavon Hyatt | December 12, 2021 | Leave a comment
Through a circular, the Central Bank of Nigeria has issued orders for the country’s financial institutions to put a closure on crypto-related bank accounts. CBN (the central bank of Nigeria) has continued to be hostile against the crypto assets...
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