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Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting

Russia’s Ministry of Finance has proposed new amendments to the country’s coming law on crypto assets that could soften the requirements for cryptocurrency taxpayers, news agency RBK reported Thursday.According a package of draft bills, individuals must report their holdings if annual transactions exceed 600,000 Russian rubles (about $7,800). In a

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Liquid Exchange Confirms Asset Delistings Due to Regulatory Requirements

Japanese exchange Liquid recently unveiled a mass asset removal from its platform, which COO Seth Melamed claimed necessary for legal compliance.“Liquid works closely with regulators in Japan and Singapore,” Melamed told Cryptox on July 25.Referring to Anti-Money Laundering, or AML, and Combating the Financing of Terrorism, or CFT, regulations, he

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US Treasury Secretary Promises ‘Significant New Requirements’ on Cryptocurrency

Though the Democratic presidential race in the United States may have lost its most forward-thinking candidate when it comes to cryptocurrency, that doesn’t mean it’s not still a hot button issue across party lines. The number of patents and companies associated with cryptocurrencies and blockchains continues to rise in

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Bitfinex Beefs-up KYC Requirements, Asks Users for Additional Info

Cryptocurrency exchange, Bitfinex, has reportedly strengthened its know your customer (KYC) requirements, sending an email to verified users asking for more identifying information.Additional personal data requestedAccording to a Dec. 27 report from the Block, the purpose of the email from Bitfinex was to enhance the exchange’s due-diligence procedures, and

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Int’l Bank Regulator Is Studying Crypto Lending Capital Requirements

Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies.Business Reporter published the news on Nov. 7 that the Basel Committee — which includes banking regulators from the United States,

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