Spain wants to require taxpayers to declare digital currency holdings
A bill is in the works that would require Spanish taxpayers to submit information to the authorities concerning their dealings in digital currencies.
Latest regulation News
G7: Facebook’s Libra must not launch until it’s properly regulated
Financial regulators in the world’s seven biggest economies will continue to oppose the launch of Facebook’s digital currency Libra until proper regulations are in place.
OECD announces plan for new digital currency tax reporting framework
The new framework would help increase transparency in digital currency trading and ensure gains were appropriately reported to the authorities for tax purposes.
BitMEX hires Malcom Wright as chief compliance officer following US criminal charges
Malcom Wright brings three decades’ worth of experience in compliance and anti-money laundering practices to embattled BitMEX.
Bank of Japan publishes a CBDC report, to start pilot programs in 2021
The Bank of Japan believes that there’s a possibility of a surge in public demand for a CBDC, considering the rapid development of technological innovation.
Dutch central bank licenses first digital currency startup since crackdown
Regulator De Nederlandsche Bank adopted the European Union’s Fifth Anti-Money Laundering Directive (AMLD5) in April 2020.
US treasury official confirms ongoing central bank digital currency study
The U.S. Treasury Department is actively considering the benefits of a central bank digital currency, according to a ranking department official.
South Korea banks and lawmakers call for new digital currency legislation
The National Assembly Seminar for the Virtual Asset Business Law argued the laws were needed to protect revenues and help develop the fledgling digital currency sector in Korea.
Hacks, regulations, scams, lead 70+ exchange shut down in 2020
2020 has not been the best year for digital currency exchanges, with over 70 shutting down in the first nine months of the year.
Congress re-introduces bill to give blockchain records legal recognition in US
Digital signatures on the blockchain will be recognized and enforceable by the U.S. law if a bill brought before Congress is passed.
Ripple warns headquarters might relocate to ‘more friendly jurisdiction’
Ripple is considering moving their headquarters overseas to an area where blockchain and digital currency regulation is clear.
Malta regulator disputes Arbitly’s registration status
Arb Signals Limited said it is registered in Malta, but the country’s Financial Services Authority (MFSA) disputed the claim in a statement.