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Regulation
As retail interest in crypto grows, countries around the world are grappling with consumer protection. Asia offers a window into the array of policy responses.
Michelle Lim
Regulation
In the latest volley in SEC v. Ripple Labs, the SEC contends that Ripple has waived its attorney-client privilege over legal advice on XRP's status.
Michelle Lim
Regulation
Startup association presents recommendations for regulatory framework as it pushes boost for business instead of blanket ban. IndiaTech.org, an industry association representing startup founders and investors, has called for the registration of homegrown, locally registered cryptocurrency exchanges in a five-point policy framework aimed at crypto regulation. It proposes that cryptocurrencies should be given the status […]
Forkast.News
Regulation
Ripple scores another in legal wrangling over SEC lawsuit as SEC now must disclose its confidential internal communications over XRP, Bitcoin and Ethereum.
Michelle Lim
Regulation
Win for tax enforcer as California federal court gives it green light to seek information on Kraken exchange cryptocurrency deals. The U.S District Court for the Northern District of California has given the Internal Revenue Service approval to issue a “John Doe” summons seeking information on customers of San Francisco-based cryptocurrency exchange Kraken. A John […]
Forkast.News
Regulation
More than $200 million of assets seized from firm identified as VGlobal. South Korean police have raided a Seoul-based cryptocurrency exchange over an alleged multi-level marketing fraud. The exchange, identified as VGlobal, according to a report by Bitcoin.com, stands accused of stealing millions of dollars from investors. According to the Yonhap news agency, police raided […]
Forkast.News
Regulation
National Payments Corporation of India refuses to ban cryptocurrency trading, putting decision on whether to block trades in hands of lenders. India’s national payments authority has handed banks the responsibility for deciding whether or not to ban cryptocurrency trading. The National Payments Corporation of India has advised lenders across the country to impose bans on […]
Forkast.News
Regulation
South Korea’s finance department on Wednesday announced a new rule imposing a 20% capital gains tax on cryptocurrency transaction gains starting in 2022. However, cryptocurrency investors are entitled to a tax deduction for expenses incurred during mining. The country’s Ministry of Economy and Finance explained cryptocurrency transaction gains exceeding 2.5 million won (about US$2,230) would […]
Forkast.News
Regulation
India’s cryptocurrency exchanges are calling on local banks not to block their transactions. Cryptocurrency exchanges in Mumbai are reportedly struggling with payment gateways and banks, which they accuse of blocking their transactions by citing an old Reserve Bank of India (RBI) policy to ban digital currency dealings. They claim the policy had been struck down […]
Forkast.News
Regulation
The private sector-led Digital Dollar Project is planning CBDC pilots for the US. How are central bank digital currency efforts and progress different in Asia?
Michelle Lim
