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The Spanish Ministry of Economy and Digital Transformation reported that the first comprehensive European Union crypto framework, the Markets in Crypto-Assets (MiCA) Act, will come into force on a national level in December 2025.As follows from the release published by the Ministry on Oct. 26, the first vice president of
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Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance a rule imposing certain tax reporting requirements for crypto brokers “as swiftly as possible”.In an Oct. 10 letter to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, a group
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The governor of Banco Central do Brasil, the country’s central bank, announced plans to tighten crypto regulations due to rising adoption. During a speech to the parliamentary Finance and Taxation Commission on Sep. 27, Roberto Campos Neto drew attention to the increasing number of Brazilians importing crypto. According to data from the
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Even where implemented, there are discrepancies. Canada, for instance, requires operators to jot down beneficiaries’ postal addresses, while the U.K. doesn’t, and firms are caught in a quandary when handling a transfer between the two, Caterina Veloso, co-chair of lobby group CryptoUK’s travel rule working group, told CryptoX. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Shanghai’s government unveiled an implementation plan on July 31 aimed at propelling the growth of its urban blockchain digital infrastructure system from 2023 to 2025. The plan is designed to drive the city’s digital transformation and bolster
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent community call, Basic Attention Token (BAT) founder Brendan Eich said the platform would implement on-chain BAT payouts without Know-Your-Customer (KYC). This development, he adds, is part of BAT’s ongoing roadmap, which aims to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New Zealand’s central bank is trying to exercise caution in taking a regulatory approach towards crypto and stablecoins, stating that the government is monitoring the development of crypto regulations globally. The Reserve Bank of New Zealand’s (RBNZ)
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Binance is working towards the full integration and implementation of the Bitcoin Lightning Network to ensure smooth customer experience for deposits and withdrawals. On Tuesday, June 20, the world’s largest crypto exchange Binance announced that it has started operating nodes on the Bitcoin’s Layer-2 scalability platform aka Lightning Network. Binance
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On June 20, cryptocurrency exchange Binance announced that it had commenced operating nodes on the Bitcoin Lightning Network as a crucial step toward integrating it for deposits and withdrawals.In a tweet, Binance acknowledged users who noticed their new Lightning nodes and confirmed their presence. However, Binance highlighted that additional technical
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Christian Anders, the CEO of Btc. x has said that despite the Markets in Crypto Assets (MiCA) being signed into law, the European Union (EU) might need to do a lot of more lobbying of different regulators in Europe and work with the different governments.In an interview with Cointelegraph, Anders
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