Israel aims for DAO regulation as it seeks regulatory control in Web3
Israeli authorities formed a multi-agency team that aims to regulate DAO operations, and a public consultation is expected to run until September 9.
Latest Ministry of Finance News
India supports blockchain but insists digital currency should be regulated: Nirmala Sitharaman
India's Finance Minister Nirmala Sitharaman clarified that despite the country's tough stance on digital currency, the government would continue to back blockchain technology for other use cases.
India finance minister: Digital assets policy needs international collaboration to be effective
The finance ministry does not support RBI's plan to ban digital assets because a decision to ban them will only be effective if there is international collaboration due to their borderless nature.
Vietnam’s deputy PM calls for legal framework targeting digital assets
Deputy Prime Minister Le Minh Khai appointed the Ministry of Finance to oversee digital assets and explore and amend laws to build a legal framework for the nascent industry.
3 Thai regulators team up to issue digital currency payment guidelines
Bank of Thailand, the Securities and Exchange Commission, and the Finance Ministry issued the joint statement where they said digital currencies aren’t fit to be used as payment methods.
Japan forms unit to oversee digital currencies as it steps up regulation efforts
The country’s financial services regulator has reportedly established a new unit that will oversee the industry, even as the Finance Ministry increases its headcount to better police the rapidly growing industry.
Vietnam warns investors of digital currency trading risk
Financial authorities in Vietnam have issued a warning to the public to be aware of the risks of investing in digital currency.
Vietnam’s central bank says no to crypto mining rig imports
The State Bank of Vietnam (SBV) has decided that no more cryptocurrency mining machines are needed in the country.
From tax breaks to unblocked sites, cryptocurrency ekes out multiple wins in Russia
It has been a fairly busy week for the cryptocurrency sector in Russia.