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Bank for International Settlements Proposes “Embedded Regulation” for Blockchain Markets

The Bank for International Settlements (BIS), an international financial institution owned by the world’s central banks, has published a working paper, called Embedded Supervision: How To Build Regulation Into Blockchain Finance, which supports the idea of constructing blockchain-based regulation into markets, by making the case for a regulatory framework that

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BIS Economist Proposes DLT-Based Financial Market Monitoring

An economist of the Bank for International Settlements (BIS) has proposed new ways of supervising financial risks through distributed ledger technology (DLT).In a recently released working paper, economist Raphael Auer made the case for so-called embedded supervision, which would automatically monitor tokenized markets. This would purportedly eliminate the need

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Kyrgyzstan Proposes Draft Law to Introduce Crypto Mining Taxation

On Aug. 28, the Ministry of Economy of Kyrgyzstan has submitted the draft law “On Amending the Tax Code” with the aim of introducing cryptocurrency mining taxation.New tax proposalAccording to news outlet Kabar, the draft law was specifically developed to allow for the possible taxation of crypto mining.The taxation

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