Regulatory News
Year in review: Top China blockchain news in 2021
China tries to stamp out Bitcoin mining while increasing its influence over blockchain technology and preparing the digital yuan for launch. What lies in store for 2022?
Timmy Shen
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Regulatory News
S. Korean blockchain VC Hashed under tax investigation as CEO denies tax evasion
South Korea’s National Tax Service (NTS) recently launched an intensive tax investigation into blockchain and crypto venture capital firm Hashed, while its CEO denies any involvement in slush fund raising or tax evasion, according to local media reports. Fast facts Hashed confirmed that it had cooperated with the 4th Bureau of Investigation from the Seoul […]
Danny Park
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Regulatory News
India releases ‘National Strategy on Blockchain’ for e-governance
The Indian ministry of electronics and information technology (MeitY) has released a 52-page “National Strategy on Blockchain” document that urges closer cooperation between government and the private sector to build blockchain infrastructure across the world’s second-most populous nation. Fast facts It is to be noted that the current NSB document is an updated version from […]
Monika Ghosh
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Regulatory News
Navi files for India’s second blockchain fund
The fund will track companies that use and benefit from the technology underlying cryptocurrencies, but will not invest in crypto or crypto exchanges.
Monika Ghosh
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Regulatory News
Yellen clarifies anti-money-laundering reporting rules for DeFi
In written responses to questions from Sen. Pat Toomey, Treasury Secretary Janet Yellen releases non-custodial service providers from strict reporting rules.
Jeanhee Kim
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Regulatory News
China central bank to establish crypto asset transaction tracking system
The director of China’s central bank’s anti-money laundering office said the People’s Bank of China will establish a tracking system for the virtual assets, such as cryptocurrencies and NFTs, for cracking down on virtual-related crimes, adopting technologies such as artificial intelligence and machine learning, mainland China local media reported. Fast facts Gou Wenjun said at […]
Ningwei Qin
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Regulatory News
New law for crypto industry in the works in South Korea
South Korea’s Financial Services Commission (FSC) compiled a set of proposals for a new crypto law including criminal punishment to unfair actors in the market. The compiled report has been submitted to the national assembly for review. Fast facts Yesterday, the FSC submitted a basic outline for the national assembly’s consideration in constructing the new […]
Danny Park
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Regulatory News
South Korea financial authority now says NFTs can be taxed
South Korea’s Financial Services Commission (FSC) says some NFTs (non-fungible tokens) will be taxed from next year, overturning the finance minister’s stance on the topic announced just last month. The scope of taxable NFTs is yet to be determined by the tax authorities. Fast facts The FSC’s vice chairman Doh Kyu-sang said at the national […]
Danny Park
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Regulatory News
China fintech pilot projects include e-CNY, blockchain
The Beijing Securities Regulatory Bureau released a list of a first batch of 16 fintech pilot projects. Among the listed projects, four are based on blockchain and one uses e-CNY, the central bank digital currency. The projects are for exploring regulatory frameworks and tools for fintech. Fast facts The e-CNY-based fintech project will allow users […]
Ningwei Qin
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Regulatory News
Are surveillance and taxation coming soon to a blockchain near you?
The US Infrastructure Act has provisions that should make crypto advocates shudder, writes Alex Shipp of Offshift. Who will stand up for crypto’s core values?
Alex Shipp
