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“# Colombia clamps down on crypto tax evasion as adoption thrives ” Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders. In a statement released…
“# SEC’s proposed rule on exchanges could threaten DeFi, says Crypto Mom ” Hester Peirce, a commissioner for the U.S. Securities and Exchange Commission known by many in the space as Crypto Mom, is warning that a proposed rule from the agency could potentially affect the regulation of firms involved with decentralized finance. According to…
“# Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31 ” One of the most fascinating implications of the collision between traditional political institutions and the crypto space is how it can reveal the glaring lack of cohesion within power systems that otherwise look monolithic. Digital assets reside in a parallel policy dimension…
“# El Salvador president predicts ‘gigantic price increase’ for Bitcoin ” Salvadoran President Nayib Bukele has made yet another bullish Bitcoin prediction soon after the International Monetary Fund urged his government to remove Bitcoin’s status as legal tender. Bukele took to Twitter on Monday to predict that Bitcoin (BTC) will ultimately see a “gigantic price increase”…
“# UNICEF calls for child safeguards amid mainstream crypto adoption ” The United Nations Children’s Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets. UNICEF’s “Prospects for children in 2022” report, which examines the impact of global trends on children, anticipates further mainstream…
“# Clampdown on crypto ads: A one-off or a new phase of global regulation? ” Over the last week, regulators in three major jurisdictions across two continents introduced new rules governing cryptocurrency-related promotions and advertisements. Citing consumer risks associated with digital asset investments, authorities in the United Kingdom, Singapore and Spain tightened the requirements around…
“# Central bank overkill: Russia’s proposed crypto ban and why everyone’s against it ” On Jan. 20, the Central Bank of Russia (CBR) issued a report summarizing its position on digital assets and proposing a ban on any crypto trading and mining operations in the country. Although the CBR’s strict position on the matter was…
“# Crypto industry seems willing to adopt FATF travel rule: Survey ” The cryptocurrency industry is eager to comply with the Financial Action Task Force’s (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found. As per a survey conducted by Notabene, a crypto…
“# Russian Finance Ministry submits crypto regulatory framework for review ” In a new twist of the Russian crypto regulation saga, the country’s Ministry of Finance has come forward with an initiative that stands in stark contrast with the central bank’s hardline position. The Central Bank of Russia recently called for a ban on crypto…
“# Crypto policy advocacy group warns of ‘disastrous’ provision in a new US bill ” Jerry Brito, the executive director of non-profit crypto policy advocate group Coin Center, suggested U.S. residents call their elected officials over possible privacy and due process concerns in a new bill proposed by House leaders. According to a Wednesday Twitter…