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Regulation News
Israel’s financial regulator seeks crypto inclusion in securities legislation
The Israel Securities Authority recommended modifications to three current financial statutes to include digital assets.Israel's financial regulator submitted…
Italy adopts a 26% tax on crypto capital gains
The Italian Senate adopted the increased crypto trading tax rate as part of the 2023 budget legislation.Italy's Senate adopted its budget for 2023 on December…
Nigeria is considering making Bitcoin use legal
Bitcoin and other cryptocurrencies would be subject to regulation under the proposed changes if they were to be adopted by the African country.A letter from…
Japan is planning to reduce the 30% tax on crypto revenues
As of now, crypto issuers in Japan must pay a corporation tax rate of 30% on their assets, regardless of whether or not they have made a profit from selling them.
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Pro-Crypto Legislator Holds Gary Gensler Responsible for FTX Collapse
Representative Ritchie Torres, a Democrat, has requested that the Government Accountability Office (GAO) examine whether the Securities and Exchange Commission and…
Iran will suspend hijab-refusing women’s financial accounts
Iran's intention to block bank accounts highlights the necessity for decentralized currencies to coexist alongside cash and CBDCs.A member of the Iranian…
Nexo will leave the United States after discussions with regulators reached a stalemate
Nexo, a prominent cryptocurrency lender, will leave the United States over the next few months since the firm was unable to strike an agreement with local…
Italy will begin taxing cryptocurrency earnings at a rate of 26%
Starting in 2023, Italian crypto investors will be subject to a 26 percent capital gains tax. Under the new rule, cryptocurrency owners will have to be clear about…
New Kenyan legislation aims to impose an income tax on crypto traders
Kenya is the most recent nation to declare its intention to regulate the cryptocurrency industry by taxing digital currency transactions as the industry expands.…
People’s Party of Canada founder predicts ‘monetary reset’ and labels…
Maxime Bernier, leader of Canada's People's Party, has proposed resetting the present fiat currency system.Bernier believes the reset is inevitable and must be…