Crypto Regulation News Archives

Does India Need a New Crypto Law? Tax Authority Questions Local Players: Report

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India’s top tax authority has raised several questions to local crypto players whether India needs a new digital assets law. The Central Board of Direct Taxes (CBDT) has also inquired whether the 1% tax-deducted-at-source (TDS) on every sale is excessive. Per a report by The Economic Times, the tax body has requested that crypto platforms […]

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Ukraine Central Bank Wants Crypto Legalization, But Not as Means of Payment: Governor

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The National Bank of Ukraine (NBU) Governor Andriy Pyshnyy has outlined some of the prerequisites of crypto legalization, adding that, however, the asset class cannot become a means of payment in the nation. In an interview with RBC-Ukraine, he called the use of crypto as a legal tender a “red line” for the NBU. “Virtual

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Philippine SEC Flags Ten Unregistered Crypto Exchanges Over Non-Compliance

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The Philippine Securities and Exchange Commission (SEC) has issued a warning against ten unregistered crypto entities and online platforms, including OKX, Bybit and Kraken. The regulator, on Monday, highlighted non-compliance issues in offshore crypto exchanges, warning the public against engaging with them. The ten crypto exchanges offered services to Filipinos without the required registration or

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US Regulators Begin ‘Crypto Sprint’ as CFTC Teams with SEC on Trump’s Crypto Plan

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The Commodity Futures Trading Commission (CFTC) launched a “crypto sprint” to implement President Trump’s digital asset agenda, with Acting Chairman Caroline Pham announcing coordination with SEC Chairman Paul Atkins on “Project Crypto” initiatives. The regulatory acceleration follows the release of a 166-page White House report calling for America to become the “crypto capital of the

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Indonesia’s Crypto Tax Revenue Skyrockets 181% – But Volatility Raises Red Flags

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Indonesia’s annual crypto tax revenue jumped sharply in 2024, marking its highest level since the government introduced taxation on digital assets in 2022. According to officials from the Directorate General of Taxes, the country collected 620 billion rupiah (around $38 million) last year, a 181% rise from the 220 billion rupiah recorded in 2023. The

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Senator Warren Presses US Banking Regulator Over Trump Family’s Crypto Business Links

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US Senator Elizabeth Warren, alongside Senators Chris Van Hollen and Ron Wyden, has urged the nation’s top banking regulator to investigate potential conflicts of interest involving the Trump family’s cryptocurrency ventures. Key Takeaways: Senators are pressing the OCC over Trump’s potential financial conflicts tied to the stablecoin USD1. USD1, launched by a Trump-linked platform, is

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SEC Launches ‘Project Crypto’ Initiative to Make America the ‘Crypto Capital of the World’

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Securities and Exchange Commission (SEC) Chairman Paul Atkins announced the launch of “Project Crypto” on July 31, a comprehensive initiative designed to modernize securities regulations and allow America’s financial markets to move on-chain. The announcement came during a speech at the America First Policy Institute, where Atkins outlined plans to bring crypto asset distributions back

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CoinShares First EU Asset Manager to Gain MiCA Authorisation

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CoinShares, one of Europe’s leading digital asset managers, has announced its French subsidiary, CoinShares Asset Management, has received authorisation under the Markets in Crypto-Assets (MiCA) Regulation. With this latest approval, CoinShares became the first regulated asset management firm in continental Europe to be authorised under MiCA. The MiCA authorisation adds to CoinShares’ existing regulatory approvals,

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UK Crime Officer Jailed for Stealing 50 Bitcoins Worth £4.4M During Silk Road Investigation

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A former National Crime Agency officer has been sentenced to five-and-a-half years in prison for stealing 50 Bitcoins worth £4.4 million ($5.9 million) from evidence seized during a Silk Road investigation, using cryptocurrency mixers to launder the funds through multiple transactions over four years. Paul Chowles, 42, was part of the NCA team investigating organized

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Crypto Week Could Unlock “Trillions” as U.S. Bills Seek to Clarify Digital Assets

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All eyes are on the United States as “Crypto Week” has officially kicked off, further demonstrating the country’s attempts to advance digital assets. The multi-day event gives leaders in the U.S. House of Representatives an opportunity to vote on three critical bills that are expected to bolster the entire crypto sector. These three bills under

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