• 29 November, 2024

Tag: Regulation News

Regulations are the legal and procedural frameworks governments enact to shape many different aspects of digital assets. Regulations may address how digital money is created, bought, sold, and traded.

Cryptocurrency regulations across jurisdictions can range from detailed rules designed to support blockchain users to outright bans on trading them. A high-quality regulatory framework is crucial for achieving mass adoption of cryptocurrencies.

One key benefit of crypto regulation is the increased protection it offers investors. By imposing stricter compliance requirements on cryptocurrency businesses, regulatory oversight can help minimize fraudulent activities, scams, and Ponzi schemes.

It also clarifies tax rules, boosts investor confidence, encourages blockchain innovation, facilitates interoperability, reduces systemic risk, and promotes inclusion.

To get latest changes and amendments in Regulations, visit CryptoTale.

News
NYC Pro-Crypto Mayor Eric Adams Faces Corruption Charges

NYC Pro-Crypto Mayor Eric Adams Faces Corruption Charges

Eric Adams, the mayor of New York City, is facing indictment charges after a federal corruption investigation. On Wednesday night,

News
Kamala Harris to Position the U.S. as a ‘Blockchain Leader’

Kamala Harris to Position the U.S. as a ‘Blockchain Leader’

Candidates in the U.S. presidential contest are emphasizing developing technology to have a competitive advantage as the election becomes hot.

News
Alameda Research CEO Gets Two Years Jail Term for FTX Fraud

Alameda Research CEO Gets Two Years Jail Term for FTX Fraud

Caroline Ellison, the former CEO of Alameda Research, has been sentenced to a two-year jail term for being part of

News
Australia to Introduce New Crypto Licensing Regulations

Australia to Introduce New Crypto Licensing Regulations

Australia is about to release new rules requiring crypto firms to get a financial services license under the Corporations Act.

News
Russia to Tax Crypto Miners Based on Electricity Consumption

Russia to Tax Crypto Miners Based on Electricity Consumption

The state-run news agency TASS reported that Russia plans to tax cryptocurrency miners by their electricity consumption. Deputy Finance Minister

News
German Authorities Target Non-Compliant Crypto Exchanges

German Authorities Target Non-Compliant Crypto Exchanges

The German Federal Criminal Police Office (BKA) has announced enforcement actions against several crypto exchanges. With support from the Central

News
BingX’s Hot Wallet Hacked; Withdrawals Temporarily Suspended

BingX’s Hot Wallet Hacked; Withdrawals Temporarily Suspended

BingX, a Singapore-based crypto exchange, confirmed that one of its hot wallets was hacked on Friday morning. Over 360 altcoins

News
SEC Requests 4 Month Discovery Extension in Coinbase Case

SEC Requests 4 Month Discovery Extension in Coinbase Case

The US Securities and Exchange Commission (SEC) has requested to extend its discovery deadline in the Coinbase lawsuit. The SEC

News
SEC Commissioners Slam Agency In Flyfish Club Settlement

SEC Commissioners Slam Agency In Flyfish Club Settlement

Commissioners Hester Peirce and Mark Uyeda of the US Securities and Exchange Commission (SEC) criticized the agency for its charges

News
Hong Kong Enhances OTC Crypto Regulation and Oversight

Hong Kong Enhances OTC Crypto Regulation and Oversight

Hong Kong is reevaluating its approach to managing over-the-counter (OTC) virtual asset services. Plans are underway to potentially engage the

News
UK Bill to Recognize Bitcoin and NFTs as Personal Property

UK Bill to Recognize Bitcoin and NFTs as Personal Property

The United Kingdom has introduced a new proposal before Parliament to specify the legal position of digital assets. The measure,

News
Unlicensed Worldcoin Services Spark Legal Action in S’pore

Unlicensed Worldcoin Services Spark Legal Action in S’pore

Authorities in Singapore are questioning seven individuals accused of offering Worldcoin services without a license. Worldcoin is a cryptocurrency startup