EU Banking Watchdog Issues Draft Liquidity Rules for Stablecoin Issuers
Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said. Original Source
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Issuers
Canadian regulatory body clarifies stablecoin rules for exchanges and issuers
The Canadian Securities Administrators (CSA) has provided guidance to exchanges and cryptocurrency issuers on its interim approach to what it calls value-referenced crypto assets, with a particular focus on stablecoins.On Oct. 5, the umbrella organization of Canada’s provincial and territorial securities regulators published a clarification saying it may allow trading
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European Union Stablecoin Issuers With Bank Assets Will Get Extra Regulation, Banking Authority Says
“Financial distress at one ART [asset-referenced token] or EMT [e-money token] issuer can materially increase the likelihood of distress at other issuers of crypto-assets or at other financial institutions given the network of contractual obligations in which issuers operate,” said the document, seen by CryptoX, referring to the two categories
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Stablecoin issuers in Europe advised to start complying before 2024
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As a proactive measure in anticipation of mandatory regulations due to be enforced in 2024, the European Union’s banking overseer has prompted stablecoin issuers to voluntarily adhere to “guiding principles” concerning risk management and consumer protection. On July
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Stablecoin Issuers Urged to Anticipate EU’s MiCA Rules by Banking Agency EBA
Issuers of e-money tokens tied to fiat currency and of asset-reference tokens linked to other products such as gold should start adhering to MiCA’s “high standards” of disclosure to potential users sooner rather than later, non-binding guidelines published by the Paris-based agency said, offering a template form for companies to
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Bitcoin BTC Price Crosses $31K After Bitcoin ETF Issuers Begin Refiling
“Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications,” Rachel Lin, CEO and co-founder of SynFutures, told CryptoX in a note. “Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry's $1.2 trillion market cap, the most dominant
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First Mover Asia: Bitcoin Maintains $30K as Prospective Issuers Refile ETF Applications
PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss. Original Source
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Japan grants tax exemption to token issuers
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The National Tax Agency in Japan recently revised a law on June 20, exempting token issuers from paying corporate taxes on unrealized cryptocurrency gains. This revision aims to ease the burden on crypto token issuers and
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Japanese Crypto Issuers Won't Pay Taxes on Unrealized Gains, Govt. Clarifies
Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens. Original Source
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Token issuers in Japan exempt from 30% crypto tax on paper gains
Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20. The tax exemption goes into effect nearly six months after the Japanese government approved a proposal eliminating the requirement for crypto firms to
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