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US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details
This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The lawmakers in the US are aiming to finalise stablecoin regulations by August 2025. Â
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Crypto Assets May Gain Legal Status in Japan as Regulators Aim to Tackle Insider Trading: Report
Japan's financial regulators are reportedly revising the Financial Instruments and Exchange Act to include crypto assets, aiming to submit the reformed bill to parliament by 2026 after completing their analysis. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight.
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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
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Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
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US Lawmakers Pass FIT21 Crypto Bill That May Regulate SEC’s Involvement in Sector Oversight
The Financial Innovation and Technology for the 21st Century Act (FIT21) has been approved by the US House of Representatives. With this, the US has finally joined the list of nations alongside India, Japan, and South Korea among others -- that are working on bringing the volatile and exploitable digital assets sector under regulatory oversight.
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UK Could Soon Legalise Freezing, Seizure of Crypto Assets Linked to Criminal Activities: Report
The UK Lords have reportedly passed the Economic Crime and Corporate Transparency Bill. This gives UK’s law enforcement agencies the authority to freeze and confiscate crypto assets linked to busted crimes. The approval from both of UK’s Houses will make the bill eligible to be signed into a law with the signature of King Charles attesting it.
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US Lawmakers to Vote on Cryptocurrency Bill in Coming Weeks
A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks. He said he expects to put a bill forward for the panel to consider after lawmakers return to work on July 11.
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Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
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Hong Kong Amends Anti-Money Laundering Bill to Include Crypto, Here’s What it Means
Hong Kong, who recently emerged as the most crypto ready nation in the world, has taken a proactive step to ensure that crypto assets are not misused by criminals for moving illicit funds, illegally. The country has amended its Anti-Money Laundering (AML) and Counter-Terrorist Financing (Amendment) Bill 2022, to now include crypto transactions as w...
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EU Issues Warning to Crypto Influencers Before MiCA Legislation Goes Live
The EU has warned crypto influencers against advertising digital assets without providing full disclosure about the financial risks associated with the sector. By tightening the noose around crypto influencers, the MiCA bill aims to prevent insider dealing, unlawful disclosure of inside information, and market manipulation related to crypto-assets ...
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EU’s Landmark Markets in Crypto-Assets Regulation Gets European Council's Green Light
The European Union (EU) has agreed on a legal framework for bitcoin and cryptocurrencies known as Markets in Crypto Asset Regulation (MiCA). The bill was signed off by members of the EU Council on Wednesday and consists of a regulatory framework previously established in June, which reportedly received no further development since then.
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New California State Bill to Mandate Licenses for Crypto Exchanges, Back Bank-Issued Stablecoins
California’s awaited Digital Financial Assets Law will mandate crypto exchanges to apply and bag operational licenses in the state. In addition, the bill would also direct stablecoin issuers to have a bank charter. Californian Governor Gavin Newsom can approve or veto this bill by September 30.
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Russian President Vladimir Putin Signs Law That Bans Crypto Use for Digital Payments
Russian President Vladimir Putin today signed a bill that prohibits using digital assets in the country, including cryptocurrency and non-fungible tokens (NFTs), to pay for goods and services.
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How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
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Russian Parliament Clears Draft Bill That Exempts Digital Assets, Crypto Issuers From VAT
Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.
-
US Stablecoin Regulation Bill Nears Final Approval from House Committee: Key Details
This week, the US House Financial Services Committee passed the proposed stablecoin bill – pushing it to the House floor for a full vote. The lawmakers in the US are aiming to finalise stablecoin regulations by August 2025. Â
-
Crypto Assets May Gain Legal Status in Japan as Regulators Aim to Tackle Insider Trading: Report
Japan's financial regulators are reportedly revising the Financial Instruments and Exchange Act to include crypto assets, aiming to submit the reformed bill to parliament by 2026 after completing their analysis. Led by the Financial Services Agency (FSA), this initiative aims to foster crypto industry growth under stringent regulatory oversight.
-
FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
-
Income Tax Bill 2025 Clarifies Virtual Digital Asset Definition, Includes NFTs: Key Details
The Income Tax Bill 2025 classifies any cryptographically generated code, number, or token representing inherent value as part of the country's VDA ecosystem.
-
US Lawmakers Pass FIT21 Crypto Bill That May Regulate SEC’s Involvement in Sector Oversight
The Financial Innovation and Technology for the 21st Century Act (FIT21) has been approved by the US House of Representatives. With this, the US has finally joined the list of nations alongside India, Japan, and South Korea among others -- that are working on bringing the volatile and exploitable digital assets sector under regulatory oversight.
-
UK Could Soon Legalise Freezing, Seizure of Crypto Assets Linked to Criminal Activities: Report
The UK Lords have reportedly passed the Economic Crime and Corporate Transparency Bill. This gives UK’s law enforcement agencies the authority to freeze and confiscate crypto assets linked to busted crimes. The approval from both of UK’s Houses will make the bill eligible to be signed into a law with the signature of King Charles attesting it.
-
US Lawmakers to Vote on Cryptocurrency Bill in Coming Weeks
A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks. He said he expects to put a bill forward for the panel to consider after lawmakers return to work on July 11.
-
Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
-
Hong Kong Amends Anti-Money Laundering Bill to Include Crypto, Here’s What it Means
Hong Kong, who recently emerged as the most crypto ready nation in the world, has taken a proactive step to ensure that crypto assets are not misused by criminals for moving illicit funds, illegally. The country has amended its Anti-Money Laundering (AML) and Counter-Terrorist Financing (Amendment) Bill 2022, to now include crypto transactions as w...
-
EU Issues Warning to Crypto Influencers Before MiCA Legislation Goes Live
The EU has warned crypto influencers against advertising digital assets without providing full disclosure about the financial risks associated with the sector. By tightening the noose around crypto influencers, the MiCA bill aims to prevent insider dealing, unlawful disclosure of inside information, and market manipulation related to crypto-assets ...
-
EU’s Landmark Markets in Crypto-Assets Regulation Gets European Council's Green Light
The European Union (EU) has agreed on a legal framework for bitcoin and cryptocurrencies known as Markets in Crypto Asset Regulation (MiCA). The bill was signed off by members of the EU Council on Wednesday and consists of a regulatory framework previously established in June, which reportedly received no further development since then.
-
New California State Bill to Mandate Licenses for Crypto Exchanges, Back Bank-Issued Stablecoins
California’s awaited Digital Financial Assets Law will mandate crypto exchanges to apply and bag operational licenses in the state. In addition, the bill would also direct stablecoin issuers to have a bank charter. Californian Governor Gavin Newsom can approve or veto this bill by September 30.
-
Russian President Vladimir Putin Signs Law That Bans Crypto Use for Digital Payments
Russian President Vladimir Putin today signed a bill that prohibits using digital assets in the country, including cryptocurrency and non-fungible tokens (NFTs), to pay for goods and services.
-
How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
-
Russian Parliament Clears Draft Bill That Exempts Digital Assets, Crypto Issuers From VAT
Cryptocurrencies and digital assets issuers in Russia may no longer have to worry about Value Added Tax (VATs) payments moving forward, all thanks to the proposed draft law that has seen approval from the State Duma.
