Cryptocurrency Analysis and News Portal
Representatives in the European Union are reportedly negotiating a plan for additional regulations on the largest artificial intelligence (AI) systems, according to a report from Bloomberg. The European Commission, European Parliament and the various EU member states are said to be in discussions regarding the potential effects of large language models
Read More
“Adversary nations” like China could ultimately benefit from restrictive crypto policies in the United States, warns Coinbase CEO Brian Armstrong. In a May 30 op-ed for MarketWatch, Armstrong again warned that while recent turbulence in crypto markets might tempt U.S. policymakers “to write it off as an unstable asset class,” doing
Read More
India has kept its restrictive crypto tax rules unchanged in 2023. In fact, Finance Minister Nirmala Sitharaman did not mention crypto, virtual digital assets or central bank digital currencies or the digital rupee while unveiling the nation’s budget which indicates the latest tax rules. Source
Read More
The Economic and Monetary Affairs Committee of the European Parliament has voted for measures requiring banks holding cryptocurrencies to set aside a punitive amount of capital.In a Jan. 24 notice, the European Parliament announced the committee had voted overwhelmingly in favor of amendments to its Capital Requirements Regulation and Capital
Read More
Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore Prepares to Tighten Cryptocurrency Regulations, Limit Public Access to Digital Assets The
Read More
Increasing and elevated U.S. interest rates are headwinds for bitcoin, one researcher said. Source
Read More
The Basel Committee on Banking Supervision met Friday and discussed cryptocurrency, among other topics. The committee stated that it would soon publish its second consultative paper with the intention of finalizing guidelines on the prudential treatment of crypto exposure by banks by year-end. In a Tuesday press release, the committee issued
Read More
The Indian tax authority's revision in the amounts that it seized in taxes and penalties from crypto exchanges and the number of platforms it targeted reflects the government's harsh stance toward digital assets; Solana has a banner day. Source
Read More