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Crypto Regulation News

The Australian authorities issued a consultation document on the comparison of tokens
The Australian authorities have issued a consultation document on the comparison of tokens and asked interested parties to submit their ideas by March 3, 2023. Prime Minister Anthony Albanese announced the initiative shortly after taking office in August 2022, replacing the Scott Morrison ...
Bithumb crypto exchange owner taken into custody
Kang Jong-Hyun, owner of cryptocurrency exchange Bithumb in South Korea, has been taken into custody on charges of misappropriation and manipulating the value of shares in related companies. According to journalists, the court issued its ruling on 2 February. A warrant for his arrest was issued by ...
Indonesian Regulatory Authorities will consider cryptocurrencies to be securities
On 12 January, Indonesian President Joko Widodo approved a new regulation that will allow the Indonesian Financial Services Authority (OJK) to oversee digital assets instead of the Commodity Futures Trading Regulatory Agency (CoFTRA). Consequently, crypto-assets will now be considered securities ...
The PRC has demanded that participants in the crypto-industry provide information on crypto-asset deals
The General Administration of Taxation and its local offices in China have required all participants in the cryptocurrency industry, including exchanges and private/corporate investors, to provide full documentation of all digital asset transactions from early 2022.  Officials said this ...
Central African Republic strives to build a regulatory system
The Central African Republic (CAR) has created a special committee of 15 people to develop a regulatory structure that will allow the use of cryptocurrencies to strengthen the local economy. CAR is a less developed country with a poor economy and monetary system, more than 70% of its citizens live ...
The Reserve Bank of India has proposed a complete ban on crypto-assets
Rajiv Chandrasekar, India's deputy information technology minister, said that the country would have no difficulties with cryptocurrencies as long as all applicable laws were followed.  This is in direct contrast to the statement of the Reserve Bank of the country (RBI), which advises people ...
The director of the Circle stated crypto industry needs new regulation
At the Davos Forum, CEO of the Circle Jeremy Allaire spoke of the need for new regulation of the crypto industry. He believes that countries such as the U.S. should develop legislative definitions for virtual currencies. He also believes that Blockchain technology should be seen as an operating ...
Salvador adopted law allowing digital securities
The Congress of Salvador has issued a permit to regulate digital securities, which will allow the country to receive funds by issuing a sovereign bond on the Bitcoin blockchain. It is expected that this "volcanic bond" will provide about $ 500 million for the construction of a "bitcoin city" that ...
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