Most crypto analysts believe that proper regulation is needed when it comes to promoting the legitimacy of stablecoins. According to a study released by the G-20’s Financial Stability Board on April 14, stablecoins pose a pertinent risk to the financial stability of the global economy and therefore need to be regulated in a manner that […]
Continue Reading
The Dutch implementation of the EU’s anti-money laundering directive will cost crypto-businesses a fortune. The Dutch Ministry of Finance’s implementation of the European Union’s fifth anti-money laundering directive, or AMLD5, requires the country’s Central Bank to monitor its cryptocurrency industry. The cost of this supervision will be passed on to crypto-based businesses. A recent report […]
Continue Reading
An overview of 2020’s four most significant regulations for cryptocurrency exchanges around the world. The lack of uniformity among different jurisdictions’ cryptocurrency laws makes it difficult for crypto exchanges seeking to expand to new markets. While some countries are embracing and fostering innovation, others are more hostile to Bitcoin (BTC) and other cryptocurrencies. Further exacerbating […]
Continue Reading
The Russian Ministry of Communications added Waves Enterprise to the Unified Register of Russian Software for Computers and Databases. The Russian Ministry of Communications has added Waves Enterprise to the Unified Register of Russian Software for Computers and Databases. Documents published by the Russian Ministry of Communications on April 7 reveal that Waves Enterprise was […]
Continue Reading
China brings together 15 organizations to develop national standards for blockchain and DLT. The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. In the latest, the government released an official notice stating that they have put together a technical committee of 15 […]
Continue Reading
Tezos Southeast Asia and the Association of Chartered Certified Accountants have inked a deal to disrupt accounting processes with the help of blockchain. Tezos Southeast Asia — a non-profit organization is dedicated to promoting the adoption of the Tezos blockchain in the region — has inked a deal with the Association of Chartered Certified Accountants […]
Continue ReadingCould 11 class-action lawsuits filed against major players from the crypto space do damage to the industry, or will they help it mature? Roche Cyrulnik Freedman LLP, working with Selendy & Gay PLLC, filed 11 class-action lawsuits on April 3 in the Southern District of New York against seven token issuers and four of the […]
Continue ReadingGiven the economic losses due to the COVID-19 pandemic, can we expect governments to be more vigilant in taxing cryptocurrency this year? Could this be the year the world gets serious about cryptocurrency taxation? The coronavirus pandemic, after all, could cost the global economy as much as $4.1 trillion — or almost 5% of global […]
Continue ReadingCould past mistakes may be catching up with Binance? Binance is one of several large cryptocurrency firms named in a series of recent class action lawsuits. If the lawsuits go south for this global company, it could end up costing them billions of dollars. Class action is looking for new members Roche Cyrulnik Freedman has […]
Continue ReadingIn response to the coronavirus pandemic, the IRS is taking some important measures but taxpayers could be under threat. The United States Internal Revenue Service delayed tax day this year from April 15 to July 15, and perhaps that means many Americans aren’t thinking about taxes during this very strange time. Indeed, they seem understandably […]
Continue Reading