Romania and Latvia are among the latest European countries to launch analytical work on updating their respective regulations for the cryptoasset and blockchain industry. In Romania’s case, this could potentially mean increasing national taxes on crypto-related operations and transactions. In Latvia, the government aims to intensify its anti-money laundering (AML) efforts.
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Russia’s central bank last week proposed a ban on Bitcoin mining and transactions. The country’s finance ministry says that’s not what’s needed to “protect citizens.”…
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The Kazakhstan government has shut off the supply of electricity to Bitcoin miners through the end of January….
Continue reading on https://decrypt.co/91204/kazakhstan-powers-down-bitcoin-miners-blackouts-roil-central-asia
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Chinese government-run firms and local governments are starting to explore metaverse-related innovations – although they are proceeding with due caution, given the fact that the nation last year enacted its most stringent crypto crackdown to date. With the rest of the tech world launching headfirst into the metaverse, Chinese players are now looking for a way to follow suit, albeit in a manner that will allow them to sidestep crypto….
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Russian parliamentarians, government officials and finance chiefs remain deeply divided on the issue of crypto regulation – with a leading lawmaker indicating that crypto mining could soon be legalized, alongside a state-run, gold-backed stablecoin, while backing the idea of banning crypto trading and investment. The news comes shortly after the Central Bank’s recent proposal, suggesting a ban on crypto and token mining….
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____ ____ Crypto isn’t a secret anymore, and nowhere is this more apparent than in the concerted efforts of various governments to make sure crypto traders pay taxes on their gains. 2021 saw an increasing movement towards the creation of taxation regimes for crypto, and 2022 might see more governments actually implementing such regimes and enforcing them….
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A US District Judge blocked prosecutors from presenting the so-called “coconut comment” during the criminal trial of BitMEX Co-founder Arthur Hayes and other crypto exchange executives. The government will not be able to use this argument during the trial in March, District Judge John Koeltl said on Thursday, Bloomberg reported….Read More: Arthur Hayes’ ‘Coconut Bribery Comment' Blocked by Judge…
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The United Kingdom wasn’t the only country to table new legislation on crypto advertising this week….
Continue reading on https://decrypt.co/90709/british-government-legislates-protect-consumers-misleading-crypto-ads
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BitMEX plans to acquire one of the oldest banks in Germany amid aims to establish a one-stop-shop for regulated crypto products in Europe….
Continue reading on https://decrypt.co/90602/bitmex-looking-acquire-one-germanys-oldest-banks
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BXM Operations AG, a company set up by executives of crypto exchange platform BitMEX, plans to purchase German bank Bankhaus von der Heydt as the BitMEX group aims to establish a one-stop-shop for regulated crypto products in the DACH region (Germany, Austria, and Switzerland)….Read More: BitMEX’s One-Stop Crypto Shop in DACH Region Plan Gets a Banking Twist…
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