Crypto Reporting Framework
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Bank of England Plans to Match US Pace on Stablecoin Regulation: Report
The Bank of England has pledged to introduce its stablecoin regulatory framework at the same pace as the United States. Deputy Governor Sarah Breeden said the plan aims to balance innovation and consumer protection. At the same time, the Financial Conduct Authority has ended its four-year ban on crypto ETNs, marking another major step in the UK’s...
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UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028
The UAE has signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF), joining global efforts to automatically exchange cryptocurrency tax information. The framework will be implemented in 2027, with the first data sharing expected in 2028. Public consultation, running from September 15 to Novemb...
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UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
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IMF Urges Kenya to Align Crypto Regulations with Global Standards
In a recently released 43-page Technical Assistance Report, the IMF has advised Kenya to align its crypto guidelines with global policies. The report outlines key areas for enhancing safety and regulation in the country's crypto sector.
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UK to Finalise Crypto Legislation by 2026, FCA Outlines Regulations Roadmap
The UK's Financial Conduct Authority (FCA) has set a deadline of 2026 to finalise its crypto legislation. So far this year, the FCA has participated in several roundtable discussions to gather insights from investors and regulators on the necessary regulatory framework for crypto.
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EU’s MiCA Inspires Nigerian Policy Analyst to Urge for Similar Crypto Legislation: Report
Nigerian policy analyst Obinna Uzoije said in a recent interview that the Economic Community of West African States (ECOWAS) to examine the intricacies of MiCA and how the legal framework has systematically and uniformly been deployed across the EU region.
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Crypto Reporting Framework Discussed During G20, Decision Taken on Swift Implementation
The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027. The Crypto Asset Reporting Framework (CARF) or template is being developed to make sure that such non-financial assets are ...
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G20 Leaders Decide On Swift Implementation Of Crypto Reporting Framework
The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027.
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Global Framework for Crypto Regulation Could Leverage Learnings From India: WEF Report
From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said on Monday while calling for leveraging learnings from India.
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Nothing Outlaws Crypto as Long as You Follow Legal Process, MoS IT Rajeev Chandrasekhar Says
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, said Thursday that here was no issue with cryptocurrencies in India if all laws were followed. Speaking at an event in Bengaluru, he said: "There is nothing today that outlaws crypto as long as you follow the legal process."
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G20 Members to Review Anti-Evasion Crypto Tax Framework Drafted by OECD
The Organisation for Economic Cooperation and Development, or OECD has proposed amendments to the ‘Common Reporting Standard (CRS)’, that is taken into consideration by the G20 and OECD organisations to bring about tax reforms for the crypto sector. Over the next months, the OECD will be taking forward work on the legal and operational instrume...
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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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Government Mulling Special GST Slab for Cryptocurrencies, Working on Indirect Tax Regime For Crypto Assets: Report
The finance ministry has begun looking into the characteristics of cryptos, their usage and legal framework before the GST Council draws up a comprehensive indirect tax regime for crypto assets.
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Crypto Assets Are No Longer Niche, Regulators Need to Keep Pace: IMF Report
The past few years have seen crypto assets move from being “niche products” to having more of a mainstream presence, prompting the need for more comprehensive regulation of the space, according to the International Monetary Fund (IMF).
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OECD Drafts Rules to Standardise Crypto Data Sharing Among Global Tax Authorities
The Organisation for Economic Co-operation and Development (OECD) has proposed a set of laws circling around the taxation of crypto assets. The rules aim to clarify instructions on how global tax agencies exchange crypto-related data among themselves. The rules aim to bring cryptocurrencies under the international tax system.
-
Bank of England Plans to Match US Pace on Stablecoin Regulation: Report
The Bank of England has pledged to introduce its stablecoin regulatory framework at the same pace as the United States. Deputy Governor Sarah Breeden said the plan aims to balance innovation and consumer protection. At the same time, the Financial Conduct Authority has ended its four-year ban on crypto ETNs, marking another major step in the UK’s...
-
UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028
The UAE has signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF), joining global efforts to automatically exchange cryptocurrency tax information. The framework will be implemented in 2027, with the first data sharing expected in 2028. Public consultation, running from September 15 to Novemb...
-
UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
-
IMF Urges Kenya to Align Crypto Regulations with Global Standards
In a recently released 43-page Technical Assistance Report, the IMF has advised Kenya to align its crypto guidelines with global policies. The report outlines key areas for enhancing safety and regulation in the country's crypto sector.
-
UK to Finalise Crypto Legislation by 2026, FCA Outlines Regulations Roadmap
The UK's Financial Conduct Authority (FCA) has set a deadline of 2026 to finalise its crypto legislation. So far this year, the FCA has participated in several roundtable discussions to gather insights from investors and regulators on the necessary regulatory framework for crypto.
-
EU’s MiCA Inspires Nigerian Policy Analyst to Urge for Similar Crypto Legislation: Report
Nigerian policy analyst Obinna Uzoije said in a recent interview that the Economic Community of West African States (ECOWAS) to examine the intricacies of MiCA and how the legal framework has systematically and uniformly been deployed across the EU region.
-
Crypto Reporting Framework Discussed During G20, Decision Taken on Swift Implementation
The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027. The Crypto Asset Reporting Framework (CARF) or template is being developed to make sure that such non-financial assets are ...
-
G20 Leaders Decide On Swift Implementation Of Crypto Reporting Framework
The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027.
-
Global Framework for Crypto Regulation Could Leverage Learnings From India: WEF Report
From fragmented monitoring and enforcement to differing classifications of crypto assets, many barriers hinder global coordination on crypto-asset regulation efforts, a global study said on Monday while calling for leveraging learnings from India.
-
Nothing Outlaws Crypto as Long as You Follow Legal Process, MoS IT Rajeev Chandrasekhar Says
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, said Thursday that here was no issue with cryptocurrencies in India if all laws were followed. Speaking at an event in Bengaluru, he said: "There is nothing today that outlaws crypto as long as you follow the legal process."
-
G20 Members to Review Anti-Evasion Crypto Tax Framework Drafted by OECD
The Organisation for Economic Cooperation and Development, or OECD has proposed amendments to the ‘Common Reporting Standard (CRS)’, that is taken into consideration by the G20 and OECD organisations to bring about tax reforms for the crypto sector. Over the next months, the OECD will be taking forward work on the legal and operational instrume...
-
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.
-
Government Mulling Special GST Slab for Cryptocurrencies, Working on Indirect Tax Regime For Crypto Assets: Report
The finance ministry has begun looking into the characteristics of cryptos, their usage and legal framework before the GST Council draws up a comprehensive indirect tax regime for crypto assets.
-
Crypto Assets Are No Longer Niche, Regulators Need to Keep Pace: IMF Report
The past few years have seen crypto assets move from being “niche products” to having more of a mainstream presence, prompting the need for more comprehensive regulation of the space, according to the International Monetary Fund (IMF).
-
OECD Drafts Rules to Standardise Crypto Data Sharing Among Global Tax Authorities
The Organisation for Economic Co-operation and Development (OECD) has proposed a set of laws circling around the taxation of crypto assets. The rules aim to clarify instructions on how global tax agencies exchange crypto-related data among themselves. The rules aim to bring cryptocurrencies under the international tax system.
