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Regulation News
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…
Japan’s central bank rejected CBDC proposals owing to the low public interest
Despite investigating the technical aspects of issuing a central bank digital currency (CBDC) since 2021 and beginning the second phase of experimentation in April,…
Currency.Com Reacted To The Central Bank’s Proposal To Ban Cryptocurrencies
Mikhail Karkhalev, a crypto exchange expert, believes the banking regulator's proposals would be revised several times.According to Mikhail Karkhalev, a…
The Russian Authorities Arrested Members Of REvil
The Russian Federal Security Service (FSB) arrested many REvil ransomware gang members.The police checked 25 residences in Moscow, St. Petersburg, Leningrad,…
UAE Is Taking A Hard Line Against Cryptocurrency Fraudsters
The UAE is cracking down on crypto scammers to stop all industry fraud. Regulators say anyone involved in a crypto scam faces up to five years in prison and a heavy…
Indian Parliament Winter Session Ends Without Any Crypto Bill
During the Winter Session, which began on November 29, the Indian government was expected to introduce new regulations concerning cryptocurrency. The session is…
Elon Musk Will Pay An Estimated $11 Billion In Taxes
Elon Musk, one of the wealthiest persons on the planet, will also have to pay the highest taxes in history. According to what he just declared on Twitter, it will…