Italy’s parliament has approved a new tax on cryptocurrency as part of the country’s budget law for 2023. Under the new law, cryptocurrency gains in excess of 2000 euros will be subject to a 26% tax rate during the tax…
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Coinbase CEO Wants the Crypto Industry Regulated to Protect Investors
On December 20, Brian Armstrong, the CEO of Coinbase, outlined a plan for regulating centralized entities in the cryptocurrency industry while safeguarding decentralized ideas. Centralized Exchanges Prone to Harm According to Armstrong, the best thing for the sector would be…
SEC Charges Eight Influencers In $100M Stock Manipulation Scheme On Discord and Twitter.
The Securities and Exchange Commission charged eight people today in a $100 million securities fraud scheme in which they manipulated exchange-traded stocks using the social media platforms Twitter and Discord. Fake Gurus According to the SEC, seven of the defendants…
South Korea Central Bank Pushing For Stablecoin Regulation
The Bank of Korea (BOK) has stated that it is seeking increased statutory authority to regulate stablecoins. BOK revealed its position in a report published on December 11 as part of its efforts to control the growing digital asset industry.…
SEC Provides Companies with A Sample Letter Regarding Crypto Asset Markets
The Securities and Exchange Commission (SEC), in a new guideline released on Thursday, requires entities that issue securities to disclose to investors their exposure to possible risk in the cryptocurrency market. Guide For Crypto Asset Markets The guideline was made…
Israel’s Top Economist Suggests Broad Regulations For Digital Assets.
The Chief Economist of the Israeli Ministry of Finance, Shira Greenberg, has filed a paper with suggestions for the country’s regulation of digital assets. Greenberg’s Top Priority On November 28, a 109-page report was released, and it seemed to catch…
Italy’s 2023 Budget Proposes 26% Crypto Income Tax
In addition to the recent actions taken by Portugal, another European country intends to raise taxes on cryptocurrency trading. The proposed budget for 2023 in Italy includes a provision that would tax capital gains from cryptocurrency at a whopping 26%.…
FTX Employees Set to Be Paid As Bankruptcy Proceedings Continue
FTX appears to be moving on since news broke that it was filing for bankruptcy. The insolvent exchange will pay its employees and contractors after several weeks of uncertainty and bad news. The bulk of FTX subsidiaries worldwide has reportedly resumed…
Bahamian Authorities Place FTX Under An “Active and Ongoing” Investigation
The defunct crypto exchange FTX is the subject of an “active and ongoing” investigation, according to the Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder. Multi-agency Inquiry Into FTX Pinder stated in a national address that was…
Binance Co-founder CZ Says Governments Should Regulate Cryptos As Opposed to Fighting them
According to Binance CEO Changpeng Zhao, the adoption of cryptocurrencies will come regardless of how countries choose to respond to them. In his opinion, countries would do well to regulate cryptos as opposed to fighting them. Crypto Regulation Debates Are…