Tag: Regulations

The Organisation for Economic Co-operation and Development (OECD) published the long-awaited crypto tax framework on Oct.10. The document is meant to formalize information sharing between the 38 member countries, through automatically sharing crypto-related taxpayer information between jurisdictions. According to a release, the information sharing intends to, “target any digital representation of value that relies on…

Stock exchange Nasdaq has no immediate plans of launching a crypto exchange until there’s better regulatory clarity from policymakers, said the company’s executive vice president Tal Cohen. Nasdaq announced last month it would focus on crypto custody. As Cohen told Bloomberg, the retail side of the crypto market is fairly saturated and enough crypto exchanges…

Amazon is among five companies to develop a digital euro prototype, as the European Central Bank (ECB) revealed its selected partners to collaborate. Amazon will be responsible for designing e-commerce payments during the prototyping exercise from September to December 2022. Meanwhile, Binance CEO praised the EU regulatory framework as a global standard for crypto regulations….

Blockchain.com, a London-based crypto exchange, has been granted provisional regulatory approval by the Virtual Assets Regulatory Authority (VARA) in Dubai. After granted provisions, institutional and retail clients can use the crypto platform in the UAE. Blockchain.com, via a blog post, stated that the organization is in the process of setting up a local office in…

Decentralized and traditional finance can thrive in tandem to fund renewable energy and other pressing needs, but only with clear standards and rules – Michael Casey, CoinDesk chief content officer, shared his opinion with International Monetary Fund (IMF). The cryptocurrency industry is in the throes of a crypto winter. Tokens like bitcoin and Ethereum’s ether…

British Financial Conduct Authority (FCA) stated cryptocurrency exchanges must play their part in ensuring sanctions are complied with. According to updated guidance from the Treasury’s Office of Financial Sanctions Implementation (OFSI), the agency ordered crypto exchanges to report sanction breaches in the UK. The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) has updated on…