Hong Kong authorities will introduce tax breaks on crypto investments for private funds

Oct 28, 2024

Hong Kong authorities will introduce tax breaks on crypto investments for private funds

The Finance Minister noted that this step will stimulate the development of the digital asset market in the region

Pennsylvania House of Representatives passes a bill on non-custodial storage of cryptocurrencies

Oct 25, 2024

Pennsylvania House of Representatives passes a bill on non-custodial storage of cryptocurrencies

The document also guarantees the ability to use bitcoin as a means of payment

Japan’s DPP party leader to cut crypto gains tax to 20% if elected

Oct 21, 2024

Japan’s DPP party leader to cut crypto gains tax to 20% if elected

The party currently holds only seven seats in the lower house of parliament

Kenya’s tax authority will introduce a system to monitor crypto transactions in real time

Oct 18, 2024

Kenya’s tax authority will introduce a system to monitor crypto transactions in real time

The system, integrated into crypto exchanges, will record the amount and time of each transaction

Kazakhstan’s regulator proposes to ban banks from making payments to foreign crypto exchanges

Oct 16, 2024

Kazakhstan’s regulator proposes to ban banks from making payments to foreign crypto exchanges

Amendments to the regulation of financial institutions have been published for public discussion until October 30

UAE authorities abolish VAT on transfers and conversion of cryptocurrencies

Oct 7, 2024

UAE authorities abolish VAT on transfers and conversion of cryptocurrencies

Crypto companies registered in the country will be able to reimburse previously paid taxes

Tether will launch a new product on the EU market in compliance with the MiCA law

Oct 7, 2024

Tether will launch a new product on the EU market in compliance with the MiCA law

The Markets in Crypto-Assets regulation introduces requirements for the holding of stablecoin reserves and issuer registration

Taiwan’s regulator to introduce jail terms for violating crypto firm registration rules

Oct 3, 2024

Taiwan’s regulator to introduce jail terms for violating crypto firm registration rules

Virtual asset service providers operating in the country must complete registration by October next year

Dubai regulator tightens rules on promoting cryptocurrency services

Sep 26, 2024

Dubai regulator tightens rules on promoting cryptocurrency services

Crypto companies have been required to accompany their investment products with a risk disclaimer

Korea’s regulator fined Worldcoin $830 000 for data collection violations

Sep 26, 2024

Korea’s regulator fined Worldcoin $830 000 for data collection violations

Officials allowed the project to continue operating in the country provided the violations were corrected

Turkish authorities will not impose a tax on crypto trading this year

Sep 25, 2024

Turkish authorities will not impose a tax on crypto trading this year

Previously, the country introduced fines and jail terms for violating the rules of handling cryptocurrency

Congressmen urge the SEC to repeal the rule on accounting for client crypto assets as liabilities

Sep 24, 2024

Congressmen urge the SEC to repeal the rule on accounting for client crypto assets as liabilities

The letter notes that the regulator has violated the norms of the legislative process, and the rule itself hinders innovation