• 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
India’s RBI Proposes Plug-and-Play System for Cross-Border Payments

India’s RBI Proposes Plug-and-Play System for Cross-Border Payments

The Reserve Bank of India (RBI) is spearheading efforts to develop a plug-and-play system for cross-border payments, aimed at enhancing

News
New Zealand Proposes Strategic Crypto Taxation Rules: Report

New Zealand Proposes Strategic Crypto Taxation Rules: Report

New Zealand is gearing up to launch new crypto regulatory laws, especially on taxation. On August 26, 2024, Simon Watts,

News
Rise of Crypto Wealth: Millionaires Increase by 95% in 2024

Rise of Crypto Wealth: Millionaires Increase by 95% in 2024

The wealth of cryptocurrency investors has suddenly surged in 2024, with a large increase in the number of crypto millionaires

News
White Hat SEAL Team Surpasses 900 Crypto Hack Investigations

White Hat SEAL Team Surpasses 900 Crypto Hack Investigations

In response to the escalating threat of cryptocurrency hacks, the white hat hacking initiative, SEAL (Security Alliance), has achieved a

News
Digital Assets Record $533M Inflows Post Powell’s Speech, Bitcoin Leads

Digital Assets Record $533M Inflows Post Powell’s Speech, Bitcoin Leads

Last week’s digital asset market saw a remarkable $533 million inflow—the largest in five weeks—primarily driven by comments from Federal

News
El Salvador Buys 162 Bitcoins, Total Holdings Exceed 5.8K

El Salvador Buys 162 Bitcoins, Total Holdings Exceed 5.8K

El Salvador, the first nation which made Bitcoin legal tender, continues to aggressively add up on its cryptocurrency reserves. Data

Markets
ASIC Wins Against Kraken’s Bit Trade, Court Questions Non-Compliance

ASIC Wins Against Kraken’s Bit Trade, Court Questions Non-Compliance

The Federal Court of Australia has ruled against Bit Trade Pty Ltd, the operator of Kraken’s crypto exchange in Australia.

News
$5M in Crypto Seized by FBI in North Carolina Fraud Case

$5M in Crypto Seized by FBI in North Carolina Fraud Case

The U.S. Attorney’s office for the Eastern District of North Carolina had seized nearly $5 million in cryptocurrency connected to

News
India’s Crypto Regulation: DEA Releases Consultation Paper

India’s Crypto Regulation: DEA Releases Consultation Paper

India is ready to embrace crypto regulations, as the Department of Economic Affairs (DEA) is expected to release a pivotal

News
Texas Telecom Fined $1M Over Biden Deepfake Robocall Scam

Texas Telecom Fined $1M Over Biden Deepfake Robocall Scam

In a landmark enforcement action, the Federal Communications Commission (FCC) has imposed a $1 million fine on Texas-based Lingo Telecom

News
VP Harris Champions Crypto Growth Amid Regulatory Challenges

VP Harris Champions Crypto Growth Amid Regulatory Challenges

Vice President Kamala Harris has declared her support for policies to foster the growth of digital assets. According to Brian

News
Malaysian Authority Destroys 985 Bitcoin Rigs Worth $452,500 

Malaysian Authority Destroys 985 Bitcoin Rigs Worth $452,500 

Malaysian authorities have intensified their crackdown on illegal cryptocurrency mining by destroying nearly 1,000 bitcoin mining rigs. The operation, which