Kazakhstan’s grapple on crypto mining is getting tighter. The government has called for a steep increase in tax, specifically aimed at crypto miners.  According to Kassym-Jomart Tokayev, the president of Kazakhstan, the current rate of 1 Kazakh Tenge ($0.0023) per kilowatt of power is negligible. He has instructed the government to work out a multiple […]

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In a major step, the Eastern European country of Belarus has decided that it will let investment funds seek exposure to digital assets. Belarus’ Ministry of Finance for public consultations has published amendments that seek to lure some investment funds. The department said that despite it having the necessary regulatory framework for collective investments, not

The post Just-In: Belarus Gives Green Signal to Investment Funds for Investing in Crypto appeared first on CoinGape.

Crypto Stakers and miners could finally breathe a major sigh of relief as the IRS has decided not to tax unrealized gains derived from crypto staking or mining digital assets. This has been a major relief as many crypto proponents have been voicing their opinion against these proposed taxes over the last few months. Blockworks’

The post Just In: Big Relief for Crypto Stakers and Miners, IRS Won’t Tax Unsold Crypto Tokens appeared first on CoinGape.

Meta has officially scrapped its cryptocurrency plans, after multiple attempts to launch the stablecoin Diem failed. 1/7 From the statement by the CEO Stuart Levey on the sale of the Diem group's assets to Silvergate — “From the outset, the Diem project has been focused on leveraging the benefits of blockchain technology to design a […]

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The financial authorities of Thailand have all teamed up in a bid to come up with regulations that will limit the use of digital assets as a means of payment in the region. Additionally, the regulators will also be issuing new guidelines for certain digital assets that pose no threats to the financial system. According

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Financial Regulation News Reports.. The New York State Bar Association (NYSBA) has created a Cannabis Law Section for attorneys seeking guidance within the emerging market and practice area. The NYSBA cited the prior decision to convert the Committee on Cannabis Law to a section during a virtual meeting of the organization’s House of Delegates, which […]

Cryptocurrencies do not have a role inside Russia’s financial sector, says the Deputy Chairman of the Russian Central Bank. Cryptocurrencies to be “phased out” According to a Finbold article, the Central Bank of Russia has published a working paper that calls for a complete ban of all cryptocurrency transactions. As rationale, the central bank cites […]

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eToroX, LMAX, Coinbase, Gemini, and Kraken are some exchanges that follow compliance regulations. Switzerland, Liechtenstein, and the UAE are countries ...

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Bank of New York Mellon is optimistic about a meaningful revenue ticking from its crypto services. On Tuesday, January 18, the bank’s chief financial officer Emily Portney said that the bank is collaborating with Fireblocks, a unicorn FinTech that allows financial institutions to store crypto assets. Portney said that the U.S. regulators should provide more

The post BNY Mellon Sees Meaningful Revenue In Crypto by 2023 Post Clear Regulations appeared first on CoinGape.

Acting comptroller of the Office of the Comptroller of the Currency (OCC), Michael Hsu has revealed that regulating stablecoin issuers like banks, could help innovations thrive in the crypto industry. Acting OCC Chief Speaks On The Need For Stablecoin Regulation The top U.S banking regulator revealed this during an event on Thursday, where he repeatedly

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