G7 Supports Stricter Crypto Regulation and Global Regulatory Framework for Cryptoassets
This rule requires service providers to share customer data The FATF believes this will solve the problem of tax defaulters The bloc is expected to present a draft global regulatory framework for cryptoassets in June The Group of Seven (G7) met in Nii ...
Kraken Challenges IRS Request for User Information in Court
Cryptocurrency exchange Kraken is currently in a legal battle against the US Internal Revenue Service (IRS) over the IRS's request to access information on users of the exchange. Kraken is reportedly seeking to have the request invalidated by the court, and a hearing has been scheduled for May to ...
Cryptocurrency Regulations in Former USSR Countries: A Look into Georgia’s Crypto-Friendly Stance
The authorities in the countries in the place of the former USSR have a complex attitude towards the legislative regulation of cryptocurrencies. A complete ban may alternate with extreme openness to blockchain transactions. The authoritie ...
Danish Supreme Court Rules Bitcoin Transactions Subject to Tax Laws
The Supreme Court of Denmark has recently declared that any activity associated with the investment and trading of bitcoin is regarded as speculative and is subject to the country's tax regulations. The court emphasized that the usage of BTC by citizens received as a result of mining, through gif ...