Ukrainian legislators are working on regulations for the crypto-industry. The Verkhovna Rada of Ukraine (the country’s parliament) will hear the tax law amendments that will include the definition of cryptocurrencies. The Ministry of Digital Transformation, which is tasked with the creation of the “state in a smartphone,” is now collaborating with Binance to reach its […]
Bitcoin and other cryptocurrencies draw more and more attention from regulators and politicians around the world. Governments openly pursue monitoring of transactions. They tend to restrict or ban digital currencies that make the monitoring job harder.
On June 21st 2019, the FATF presented the finalized version of governing provisions for the crypto industry. The document obligates bitcoin exchanges and other “virtual asset service providers” to comply with AML and CFT procedures similarly to traditional financial companies.
Blockchain analysis company Chainalysis has criticized recent draft document of the Financial Action Task Force (FATF), in which the organization gives the national governments recommendations for more effective supervision of crypto transactions.
The U.S. Securities and Exchange Commission (SEC) has just released a statement on the regulatory status of digital assets, providing a new unofficial framework for identifying and recognizing potential security tokens/coins.
A paper on the regulation of blockchain-based securities has been published by the German Federal Ministry of Finance. In this document, the regulator discusses the introduction of regulations for electronic securities and the issuance of crypto tokens, defining the key points on the issue.
The proposed law on digital assets in Russia will fail to clarify tax issues for miners after the lawmakers have removed the definition of crypto mining from the draft bill on digital currency regulation.
The U.S. Securities and Exchange Commission (SEC) has launched Strategic Hub for Innovation and Financial Technology (FinHub), a new division with the goal of making it simpler for fintech and blockchain startups to navigate the legal implications of their products.
The European Securities and Markets Authority (ESMA) has budgeted over €1 million to monitor financial innovation including cryptocurrencies.
A draft bill that leaves crypto-to-crypto trading outside the state regulation has been filed this week in the Ukrainian parliament. The news was announced during BlockchainUA conference in Kyiv by Ukrainian MP Alexey Mushak.
Finance ministers from the European Union’s 28 member states will hold an informal meeting on the challenges posed by Bitcoin and other cryptocurrencies and the possibility of tightening regulations, Bloomberg reported August 29.
Ukraine moved closer to regulating Bitcoin and other cryptocurrencies as financial instruments after head of the National Securities and Stock Market Commission (SSMCS) Timur Khromaev said the corresponding bill could be submitted for the Parliament’s consideration by the end of 2018 or early next year.