Policy and Regulation

The Turkish authorities said that the media are spreading false information about the imminent introduction of a 40% tax on cryptocurrencies. The government has no such intention, and this is nothing more than rumors.

This week, the media leaked information that the Central Bank of the Russian Federation plans to ban investment in cryptocurrencies.
Official confirmation from the regulator has not yet been received.

Many countries are losing millions of dollars in revenue due to the lack of a clear cryptocurrency regulation scheme. A very small number of states in the world have a progressive system of legislation. Thailand intends to join them in the near future.

According to experts, next year Japanese regulators may propose a number of laws that will take control of stablecoins.

The South Korean authorities have decided to introduce an amendment to defer taxation of profits from cryptocurrency income until 2023.

The Indian Cabinet of Ministers will take a soft decision on the further status of cryptocurrencies in the country. This information was received by the Indian media in an explanatory note from the authorities.

Uncertainty over regulation has impacted the number of new registrations on exchanges in India.

Binance in France will not open a headquarters until it improves AML compliance. This was announced by the local financial regulator AMF.

The Ministry of Finance of the Russian Federation has supported the concept of the electronic ruble. The national cryptocurrency of Russia will begin testing in 2022. This project was supported not only by representatives of the financial system, but also by government officials.

Huobi Global, one of the largest cryptocurrency exchanges in the world, suffers losses amid Chinese government crackdown on digital assets and strict ban on cryptocurrencies