UK Tax Authorities Change the Way Crypto Profits Should Be Filed
The UK Treasury introduced changes to the Self-Assessment tax return forms so that crypto assets are identified separately
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Australian Taxation Office Implements Crypto Monitoring
The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool
Biden Budget Proposes Crypto Mining Tax
A budget proposal by U.S. President Joe Biden aims to “reduce mining activity” with a 30% tax on electricity costs linked to the cryptocurrency mining process
Central Bank of Nigeria Releases Open Banking Guidelines
The newly released operational guidelines from the Central Bank of Nigeria clarify responsibilities and expectations for the open banking ecosystem participants in the country
EBA to Crack Down on Banks Ignoring Gender Diversity
EBA noted the painfully slow progress of banks and investment firms in improving gender diversity policies and announced it wants supervisors across the EU to crack down on those non-compliers
Hong Kong Welcomes Crypto Trading With New Policies
Hong Kong proposes milder crypto regulations that would let retail investors trade certain “large-cap tokens” on licensed exchanges, emerging as one of the new hubs for the virtual asset industry
Crypto Outflows Surge Amid SEC Crackdown
Institutional investors are massively withdrawing crypto funds as the SEC targets more and more aspects of the crypto industry in the US, making it harder for crypto trading platforms to provide custody, minting and staking services
The Bank of Zambia Works on Crypto Regulation
The Bank of Zambia along with the national Security Exchange Commission is testing technology to enable the regulation of cryptocurrency in the country
SEC Proposes Tougher Rules for Crypto Custodians
US Securities and Exchange Commission proposed amendments to the “2009 Custody Rule” that will apply to custodians of “all assets” including cryptocurrencies
New York Regulators Crackdown on Binance
The company’s complaints to the New York regulator were followed by Paxos being ordered to cease minting Binance BUSD stablecoin.
DBS Bank to Offer Crypto Trading in Hong Kong
One of the largest financial institutions in Southeast Asia, DBS Bank is planning to expand its crypto trading services to Hong Kong as soon as it gets the necessary license
KPMG: ESG Tops Regulatory Demands in Finance While UK & EU Rules Diverge
KPMG’s Regulatory Barometer showed that financial service firms in the UK and the EU remained under significant pressure to comply with diverging ESG requirements over the last 6 months
Dubai Releases Crypto Regulations for Virtual Asset Services Providers
Dubai mandates licensing for crypto services providers with new regulatory requirements by the VARA.
Australia Introduces Classification for Crypto Assets
Australia’s national regulators have identified four major products in the crypto sector.
Indonesia Delays Launch of National “Crypto Stock” Exchange
Indonesian government delays launch of the controversial “crypto stock” exchange until risks are properly mitigated.
Montenegro to Create CBDC with Ripple
The southeastern European country has partnered with Ripple to develop its own CBDC.
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