Trading App Robin Hood Seeks Banking License
Stock and crypto trading app Robinhood plans to offer banking services to its 4 mln users, Bloomberg reported June 20, citing anonymous sources. Robinhood, which in February began...
Legal
AN OFFICIAL DRAFT OF NEW CRYPTO REGULATIONS THAT MAJORLY FOCUSES ON KYC/AML HAS BEEN RELEASED BY THE CANADIAN GOVERNMENT
Canada Gazette reported that an official draft of new regulations on crypto exchanges and payment processor, which seeks to resolve “a number of...
India Plans to Levy 18% Tax on Cryptocurrency Trading From July 2018
India, the world’s second-largest country by population, may soon give a glimmer of hope to cryptocurrency investors after months of propagating a negative...
Thailand Drafts Laws to Tax and Regulate Cryptocurrencies
According to a report in the Bangkok Post, the executive branch of the Thai government has passed two royal decree drafts aimed at regulating...
Crypto Ban Lifted by Israel’s Supreme Court
Finance Magnates reported yesterday, Feb. 26. that Israel’s Supreme Court has issued a temporary court order prohibiting Leumi Bank from restricting the banking...
Uzbekistan to Legally Regulate Bitcoin and Support Blockchain Tech
Uzbekistan is moving towards bitcoin legalisation with the announcement of a presidential decree, to create a law regulating “electronic money” by the end...
Spanish Government Eyeing Crypto Regulation
Spain’s ruling political party is reportedly drafting legislation that it hopes will help woo cryptocurrency and blockchain companies to the country. Bloomberg reported,...
India Set To Give Digital Currencies Legal Tender Status
The Indian central bank Reserve Bank of India (RBI) has established a task force that will assess the possible granting of legal tender...
Russia Developing Legal Framework to Regulate Cryptocurrencies
Russia is developing a legal framework that would regulate the purchase of cryptocurrencies, Russia’s finance minister says, adding that the government wants to...
South African Reserve Bank To Begin Testing Cryptocurrency Regulations
Within a few months the South African Reserve Bank (Sarb) will start testing a number of regulations related to Bitcoin and other cryptocurrencies....
Australia to treat Bitcoin “Just like money” from 1st July 2017
In its budget summary for 2017-18, the Australian government states that as part of its plan to “make it easier” for digital currency...