In a significant move, European Parliament lawmakers have voted overwhelmingly in favor of a continent-wide tax-reporting rule for cryptocurrency transactions. With nearly 90% of votes supporting the measure, this decision underscores Europe’s commitment to combating fraud in the growing crypto market. During a plenary session held in Strasbourg, France, on September 13, European legislators expressed…
Leaders from the world’s 20 biggest economies are taking steps to put in place a system for tracking cryptocurrency activities globally. This framework, called the Crypto Asset Reporting Framework, is designed to ensure that crypto transactions and the people involved in them are more transparent to tax authorities. It involves sharing information between different countries,…
Grayscale’s Bitcoin Trust ($GBTC) has sent a strong letter to the SEC, questioning why there are different rules for spot Bitcoin ETPs and Bitcoin futures ETPs. They want the SEC to explain its regulations. Grayscale is urging the SEC to quickly make a decision on NYSE Arca’s Rule 19b-4 filing. They say the long wait…
Ripple said “No” to the SEC’s request to challenge a judge’s decision from July in their legal battle with the crypto company. Ripple, the cryptocurrency company, said that the SEC hasn’t given a strong enough reason for the appeals court to get involved in their ongoing legal fight. They made this argument in a new…
The IRS and Treasury have outlined proposed rules that would require brokers, exchanges, and potentially decentralized exchanges to enhance their tax reporting in the coming years. The U.S. Treasury Department has introduced proposed rules aiming to enhance tax reporting within the crypto industry. These rules would require brokers and exchanges to report specific crypto sales,…
Xiao Yi, a past Chinese government worker, has been given a life prison term for taking bribes and misusing power. Part of his wrongdoing is connected to helping Bitcoin mining. The Chinese official supposedly used his power to give money and support to Bitcoin mining companies, and he also helped them with getting electricity. Misuse…
US Senate Passes $886 Billion NDAA with Stricter Oversight on Crypto Trading On July 27, the United States Senate approved the 2024 National Defense Authorization Act (NDAA), allocating $886 billion for defense purposes. Notably, the bill includes a provision aimed at tightening oversight on institutions involved in crypto trading, particularly targeting crypto mixers and anonymity-enhancing…
US House panel’s consideration of the crypto regulatory framework bill marks a significant stride towards providing clear guidelines for crypto market players. On July 26, the US House panel approved legislation proposed by crypto advocates to establish clear regulatory rules for the country’s crypto market. The Republican-led bill received a 35-15 vote in favor, with…
Last week, the Namibian Government signed a new law to control Virtual Asset Service Providers in the country. This law allows cryptocurrency exchanges to operate, overturning the previous decision made in 2017. List Your Profile Links On CryptosHeadlines.com “Become a Supporter of CryptosHeadlines.com! Send us your name and social profile links, and we will…
Russian President Vladimir Putin signed the digital ruble bill into law on July 24, enabling the country’s central bank to issue its own Central Bank Digital Currency (CBDC). List Your Profile Links On CryptosHeadlines.com “Become a Supporter of CryptosHeadlines.com! Send us your name and social profile links, and we will add your name along with…