Fed\’s Top Banking Regulator Floats Allowing Staff to Hold Crypto
Federal Reserve Vice Chair for Supervision, Michelle Bowman, told a crypto conference in Jackson Hole on Tuesday that she favors…
Category: Legal
GENIUS ACT and Beyond: Kaia Explains Asian Perspective
With the recent passing of the GENIUS Act, a landmark US regulation for stablecoins, global attention has intensified. To discuss…
Cryptojacker gets 1 year prison after admitting to $3.5M fraud
A crypto influencer has been sentenced to just over a year in prison for what US prosecutors called a large-scale…
South Korea’s Jeju City targets crypto holdings of alleged tax dodgers
Tax officials in Jeju City, the capital of the South Korean island province of Jeju, have reportedly started the process…
Legal Vacuum: Chinese Provinces’ Agony Over Seized Crypto Disposal
China’s local legislature has formally declined to create local rules for disposing of seized cryptocurrency. Instead, it called for national-level…
India’s Tax Authority Pushes to Reshape Crypto Framework: Tax, Regulatory Clarity, Administrator Agency
Story Highlights CBDT is asking platforms to explain how taxes, unclear regulations, and liquidity issues have affected them. It also…
Hong Kong warns of fraud risk after new stablecoin rules
A Hong Kong Securities and Futures Commission (SFC) official has warned that the introduction of the new local stablecoin regulatory…
Fuze hit with fine as Dubai\’s VARA spots AML failures
The Dubai Virtual Assets Regulatory Authority (VARA) has issued a notice on its website stating that it has fined Morpheus…
Brazilian Crypto Industry Takes Action to Avoid Tax Obliteration
The cryptocurrency industry is mobilizing in Brazil to shut down the Provisional Measure that expands the crypto income tax for…
U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity
The U.S. Treasury Department is seeking new ideas for detecting and cutting off illicit crypto activity as it begins to…