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Australia promises to remove tax on Bitcoin

The Australian government announced today that Bitcoin and other digital currencies would no longer be subject to Goods and Services Tax (GST), and regulations would become more lenient to support startups and entrepreneurs in the country. Treasurer ...

The UK's finance regulators order a removal of the cryptocurrency ATMs

The United Kingdom's Financial Conduct Authority (FCA) issued a warning for unregulated cryptocurrency automatic teller machines (ATM) in the UK to be shut down and removed. The financial regulator that manages the conduct of more than fifty thousand...

US Democrats introduce bill to curb Russian crypto use

Democratic US senators proposed a bill that would allow the president to sanction foreign cryptocurrency firms that do business with Russian entities and prevent them from conducting transactions with US clients. The law on compliance with sanctions ...

Digital Euro

Global law enforcement agencies team up to take down major darknet money laundering operation

ECCB to embark on blockchain pilot initiative with Bitt Inc.

The Eastern Caribbean Central Bank (ECCB) and the Barbados-based fintech company, Bitt Inc. signed a Memorandum of Understanding (MOU) to conduct a fintech pilot on blockchain technology in the ECCB member countries. The MOU was signed in Basseterre,...

The US proposes a tax on energy used for cryptocurrency mining

The new 2024 Revenue Proposal in the US will consider the progressive tax on electricity that is used for cryptocurrency mining. The US Department of the Treasure proposed a tax for energy used in mining of any digital asset, and defines digital asse...

ECSE and Blockstation sign agreement for tokenised assets trading

The Eastern Caribbean Securities Exchange (ECSE) and BlockStation partnered to pilot the trading of digital assets in 2020. These assets include tokenised initial ublic Offering (IPOs); also known as security token offerings (STOs), bitcoin (BTC), an...

The US Financial Crimes Enforcement Network (FinCEN) calls for tight control of sanction evasion by using cryptocurrency

The cryptocurrency exchanges in the USA and worldwide joined actions by their governments in the sanction regime on Russian and Belorussian financial institutions and individuals. Earlier this month, the US Department of Treasury issued guidelines to...

EU: crypto assets included in Russia and Belarus sanctions

The EU clarified that crypto assets are included in the scope of its sanctions against Russia. The bloc noted that it is common knowledge that loans and credit can be provided by crypto assets and further clarified that transferable securities clearl...

The US President Biden signs the Executive Order on digital assets

The US President Joe Biden, signed the executive order that is addressing issues around digital assets. Digital Assets is a joint term for cryptocurrencies, blockchain issued tokens, and other digital objects (such as NFTs) traded or exchanged over t...

Top Ukrainian official: Crypto donations to Ukraine spent on bulletproof vests and rations

Ukraine has been using donated cryptocurrencies to purchase military equipment and food, stated Deputy Minister of Digital Transformation Alex Bornyakov. A key reason that Ukraine has decided to receive cryptocurrencies is the speed with which transa...