Regulations

The post Crypto Regulations in Argentina 2024 appeared first on Coinpedia Fintech News Argentina, officially called the Argentine Republic, is a country in South America. It’s one of the biggest countries globally and the second largest in Latin America. In Argentina, Bitcoin isn’t recognized as official money because it’s not issued by the Central Bank. However, there are no rules against using it. Both mining Bitcoin and trading it are legal in Argentina. Bitcoin is treated as a commodity under…

The European Parliament has approved new regulations for cryptocurrency agencies, forcing them to conduct due diligence to fight money laundering. The new rules affect all crypto-asset service providers (CASPs) under the new Markets in Crypto-Assets (MiCA) law. Cryptocurrency exchanges in the European Union must adhere to the new rules, which contain due diligence standards. Services like exchanging crypto for fiat and providing custody wallets will now take a new approach due to rapid technological developments and advancements in FATF (Financial…

The post UK Official Warns Against Strict Crypto Regulations Amid Political Uncertainty appeared first on Coinpedia Fintech News Bim Afolami, Economic Secretary to the Treasury of the UK government, had announced in February 2024, the government’s aim to introduce new regulations for stablecoins and staking services. However, Afolami now advocates for a swift implementation of stablecoin and staking legislation. In spite of the impending general election, Afolami remains confident that these regulations can be enacted in the coming few weeks,…

The post U.S. Senate Proposes 1% Tax On BTC Holdings Over $500K To Align Crypto With National Tax Regulations? appeared first on Coinpedia Fintech News The U.S. Senate on 21st April, Sunday, proposed a new tax regulation for the cryptocurrency industry. According to the new proposed regulation, individuals, trusts, and entities holding BTCs worth over $500,000 will be liable to pay 1% as tax. This move was initiated as part of a large effort made by the centralized body to…

Mike Ermolaev speaks with Justin Sun, the founder of TRON and a member of the HTX Global Advisory Committee, in an exclusive interview for the GoCrypto interview series powered by GoMining. Discussions include the future landscape of blockchain technology, the predicted effects of Bitcoin halving, and TRON's strategic vision for 2024. The brains behind TRON, a project with the ambitious goal of creating the framework for an Internet that is truly decentralized, Sun is well-known for his deep understanding of…

The post XRP Lawsuit Saga: Ripple CEO’s Call for Clear Crypto Regulations appeared first on Coinpedia Fintech News Ripple CEO Brad Garlinghouse recently addressed the importance of regulatory clarity in the cryptocurrency space, particularly in light of the ongoing XRP lawsuit. Speaking at Paris Blockchain Week, Garlinghouse emphasized the significance of clear regulations for fostering investor confidence and industry growth. Regulatory Clarity for Investor Confidence Interestingly, Garlinghouse’s remarks in the Paris Blockchain Week centered on the need for clear guidelines…

The 2018 speech of former Director of the Division of Corporation Finance in the U.S. Securities and Exchange Commission (SEC), William Hinman, takes center stage in a renewed debate as his ethical conduct becomes a subject for discussion.  While a General Crypto Counsel at a16z, Miles Jennings, commend him for his clarifications, Ripple’s CTO David Schwartz, believes that there were serious inconsistencies in his correspondence.  The longstanding legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC)…

Spain will crackdown on crypto influencers to protect investors and combat crypto scams. New regulations will require big influencers to notify authorities before promoting crypto. They will also have to warn of the risks associated with crypto investing. Moreover, influencers will have to disclose to their fans that they are getting money to promote crypto. Influencers that don't follow these rules will have to pay steep fines. New rules mean that influencers will have to disclose their affiliation with crypto…

The Nigerian central bank remains hostile to anything crypto besides a CBDC. Still, one high-level minister is defending the industry. Clem Agba, minister of state for budget and national planning, is calling for more precise and more welcoming regulation of the space. Like the United States, Nigeria struggles to classify crypto assets using existing financial terms correctly. Fighting For Crypto In Nigeria Minister Agba spoke about regulating the industry at a conference this Thursday, as reported by Bloomberg. He said…