rules

Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business

</header> <strong>Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes. </strong> Also read: Tax Agents ‘Confiscate’ Bitcoin From Criminal …

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Malaysia Announces Digital Asset Guidelines

</header> <strong>The Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the commission. The guidelines also detail the obligations of approved platforms as well as the requirements token issuers must meet.</strong> …

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With New Regulations, Europe’s Crypto Companies May Be Running Out of Options

</header> <strong>European crypto companies are finding themselves in a changing regulatory environment. The new realities they have to deal with stem from the fifth edition of the European Union’s anti-money laundering directive. AMLD5 introduces stricter customer due diligence requirements and some in the industry have realized their business models, based on key principles of the …

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Amazon employees say they were threatened for climate change criticism

Sponsored Links JASON REDMOND via Getty Images Two Amazon employees who spoke out against the company’s environmental policies say they were threatened with termination if they continue to violate the company’s external communications policy, The Washington Post reports. In October, the employees, Maren Costa and Jamie Kowalski, told The Washington Post that Amazon contributes to …

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Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship

</header> <strong>As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. Some people will also attempt to …

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Poloniex Restores Unverified Accounts With Unlimited Trading

</header> <strong>In times of mounting pressure on crypto companies to comply with expanding due diligence</strong><strong> requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy access to unlimited trading and deposits. </strong> Also read: …

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SEC to Boost Access to Crypto Investments With Proposed New Accredited Investor Definition

</header> <strong>The U.S. Securities and Exchange Commission (SEC) has proposed amending the definition of “accredited investor” — a move that will increase access to regulated cryptocurrency investments. A number of them are currently only available to accredited investors. Among other changes, a person can qualify based on professional knowledge, experience, or certifications.</strong> Also read: Lagarde …

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Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches

</header> <strong>With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations …

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Bank of Lithuania Issues Guidelines on Security Token Offerings

</header> <strong>Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings</strong><strong>. The goal is to clarify applicable rules without introducing more regulations. </strong> Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Guidelines Aiming to …

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Liechtenstein Adopts Token Act to Attract Crypto Business

</header> <strong>One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. </strong> Also read: …

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