China: Guangdong Province to Use Blockchain-Based Electronic Tax Invoices for E-Commerce

China’s most populated province is set to issue general-purpose electronic invoices for consumers based on blockchain technology. The Guangdong Municipal Taxation Bureau will implement an electronic invoice platform based on blockchain for the e-commerce industry, local Chinese news outlet Southern News Network reported on Feb. 18. Guangdong Province, one the most populated region in China, […]

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Indonesia: New Legislation Recognizes Crypto as Trading Commodity

New legislation introduced in Indonesia recognizes cryptocurrencies as trading commodities and gives legal certainty to crypto exchanges. Indonesia has introduced new legislation that recognizes Bitcoin (BTC) as a trading commodity, Asia-oriented news outlet KrASIA reported on Feb. 15. Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, initially signed a decree to make cryptocurrency […]

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Venezuela Imposes Fees and Limits on Local Crypto Remittances

Venezuela introduces rules for sending crypto remittances, imposing taxes and fees. The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, Gaceta Oficial. According to the document, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) will now […]

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From the UK to Malaysia: How Countries Have Been Classifying Crypto Across the World

The U.K.’s financial watchdog has released a detailed consultation paper on regulation of crypto. On Jan. 23, the United Kingdom’s Financial Conduct Authority’s (FCA), the domestic financial regulator, released a 50-page-long consultation paper dubbed “Guidance on Cryptoassets.” As the U.K. seems to be moving closer toward rolling out a definitive regulatory framework, it is time […]

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Malaysia Develops Harsh Regulation Alongside With Positives Attitudes Toward Crypto

Malaysia has given cryptocurrencies the regulatory green light — but they have to adhere to securities laws and will be governed as such. Cryptocurrency exchanges and blockchain-based companies in Malaysia face some testing times following regulatory changes in the country. As of Tuesday, Jan. 15, new regulations governing cryptocurrencies have come into effect in Malaysia. […]

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Belarus Launches Trading Platform Enabling Customers to Buy Tokenized Securities

Newly launched Belarus-based platform will allow traders to buy shares and other traditional assets with digital currencies. Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15. The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According […]

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