Regulations
Israeli Lawmakers Support Axing Crypto Capital Gains Tax for Foreigners
A bill exempting foreign residents from capital gains taxes on crypto sales, and lowering tax on stock-options-like crypto options for employees has passed a preliminary reading in the Knesset.
Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound
The BofE said in February that a digital pound was likely needed, but that it will not make a decision on issuing one until at least 2025.
Denmark's Financial Watchdog Orders Saxo Bank to Shed Its Crypto Holdings
The Danish Financial Supervisory Authority's explained that it isn't legal for banks to conduct such activity as ancillary bank business for reasons of financial stability under current regulations.
Binance Australia’s Offices Searched by Financial Regulator: Bloomberg
The company, also under investigation in the U.S. and France, ceased its Australian derivatives business following regulatory warnings
UK Lords Pass Bill to Help Seize and Freeze Crypto Used for Crime
The bill, introduced in September, now enters its final stages in Parliament.
Belarus Looks to Ban Peer-to-Peer Crypto Transactions to Reduce Fraud
The east European country is working on legislation to make it harder for fraudsters to get their hands on the proceeds of crime.
Hong Kong Sets Up Task Force for Web3 Development
Hong Kong wants to be a Web3 hub , Financial Secretary Paul Chan said.
Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End
The MAS has also restricted crypto service providers from facilitating lending and staking of tokens by their retail customers.
South Korea Passes Crypto Bill for User Protection
The bill marks the country's first step towards a digital asset legal framework.
Court Orders Kraken to Turn Over History Transaction and Account Information to IRS
The IRS first filed a court petition in February.
