Regulation

Bank of Russia bans mutual funds from investing in digital currencies
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18 December, 2021

Bank of Russia bans mutual funds from investing in digital currencies

The Russian central bank had previously suggested that mutual funds should stay away from digital currencies, but has now made...
Cyprus gov’t to regulate the ‘risky’ digital currency space
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17 December, 2021

Cyprus gov’t to regulate the ‘risky’ digital currency space

The Finance Ministry in Cyprus noted there are several risks with digital currency trading, but commended local law enforcement authorities...
Bank of England warns digital currency growth could pose financial stability risks
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17 December, 2021

Bank of England warns digital currency growth could pose financial stability risks

In a recent report, the bank said that digital currencies make up a small percentage of assets in the U.K.,...
IRS updates digital currency question in 1040 tax form
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16 December, 2021

IRS updates digital currency question in 1040 tax form

The tax agency posted its 1040 form last year to ask about virtual assets; however, a query led to confusion...
South Africa to introduce digital currency regulations in early 2022
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15 December, 2021

South Africa to introduce digital currency regulations in early 2022

The country’s top financial regulator believes that while they don’t pose systemic risk, digital currencies are still a risky sector...
Global digital currency regulation should be ‘comprehensive, consistent and coordinated’: IMF
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15 December, 2021

Global digital currency regulation should be ‘comprehensive, consistent and coordinated’: IMF

Three officials from the IMF believe that the cross-border and cross-sector nature of digital currencies renders the varying national regulatory...
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