Court Grants Liquidators Authority to Track Missing Africrypt Investor Funds – Regulation Bitcoin News
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New bill proposes US Treasury to have full authority over fiat stablecoins
A new bill introduced by United States House Democrat Don Beyer of Virginia has proposed a far-reaching regulatory and legal framework for digital assets across the board.Entitled "The Digital Asset Market Structure and Investor Protection Act of 2021," the bill touches on virtually all the important grey areas that continue
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Regulator wants sole authority to charter fintech firms
Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned against the Consumer Financial Protection Bureau receiving the right to grant “Fintech Charters.”Earlier this week, the CFPB’s Taskforce on Consumer Financial Law published a report featuring
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Competition and Markets Authority advises government on new regulatory regime for tech giants
Information Commissioner, Elizabeth Denham said: “We welcome the publication of the Digital Markets Taskforce Advice and we have been pleased to support the
Read MoreNew Zeland’s tax authority grills companies for info on crypto users
New Zealand businesses must now submit information on their clients' digit asset usage to the country's tax regulator, the Inland Revenue Department, or IRD. The governing body said it wants to get a better grasp on the crypto scene in the country and determine an applicable tax framework for the asset class,
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Saudi Monetary Authority Pumped Some of $13B Bank Infusion Using Blockchain
The Saudi Arabian Monetary Authority (SAMA) has distributed cash to local banks over blockchain. On Monday, the central bank announced it had deposited “part” of a recent banking sector liquidity pump through “blockchain technology” after injecting 50 billion riyals ($13.3 billion) into local banks on June 1. At the time, SAMA said
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Despite Coronavirus, Spain’s Tax Authority Shows No Mercy to Bitcoin Holders
The Agencia Estatal de Administracion Tributaria (AEAT), which is Spain’s tax agency, has announced plans to send out more letters to holders of bitcoin (BTC) and other blockchain-based cryptocurrencies in the nation in spite of the current global economic downturn caused by the coronavirus pandemic, according to reports on April
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Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users
EY, the court-appointed bankruptcy trustee for the defunct Canadian crypto exchange QuadrigaCX, has been asked to submit all of the exchange’s user information to the Canada Revenue Agency (CRA).Court documents filed with the Ontario Superior Court of Justice on March 24 detail the demand, which spans 750,000 documents on
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Monetary Authority of Singapore Issues AML/CFT Guidelines
Some countries have been late to the party when it comes to recognizing and regulating digital assets. The first time that Singapore’s central bank issued a framework for the regulation of payment-related activities was on Jan. 28 with the Payment Services Act. However, the Monetary Authority of Singapore (MAS) still
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Italian Copyright Authority and Algorand Develop Blockchain Ecosystem for Copyright Management
The Italian Society of Authors and Publishers (SIAE) has teamed up with Algorand to develop a new ecosystem for copyright management, based on Algorand’s recently launched blockchain platform.SIAE had already started to develop the project – with the help of “La Sapienza” University of Rome and consulting company Blockchain
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