The Indian government is taking steps to introduce comprehensive regulations for the cryptocurrency sector, as reported by local media on Aug. 22. The first move in this plan is to release a consultation paper in the upcoming weeks to gather feedback from stakeholders. This initiative showcases the government’s dedication to establishing a regulatory framework for
Regulation
Recently, German authorities made a decisive move in the fight against unlicensed financial activities in the country’s crypto market. With $28 million in cash and 13 crypto ATMs confiscated, the operation led by the Federal Financial Supervisory Authority (BaFin) aimed to curb the risks posed by unregulated digital assets. Working in collaboration with law enforcement
The Nigerian Federal Inland Revenue Service (FIRS) is gearing up to implement new legislation aimed at taxing the rapidly expanding crypto sector in the country. This move, as reported by Business Day, comes as a means to boost economic growth and foster innovation within the industry. FIRS Executive Chairman, Zacch Adedeji, highlighted the need for
Senate Majority Leader Chuck Schumer’s emphasis on the importance of regulatory clarity and bipartisan collaboration in the crypto industry is a step in the right direction. His goal to pass a comprehensive crypto bill by the end of the year shows a sense of urgency in addressing the regulatory challenges faced by the industry. However,
House Representative Ro Khanna, a pro-Bitcoin Democrat and lawyer, has indicated that the Biden administration is likely to release a cryptocurrency regulation roadmap in the near future. Khanna’s optimism stems from recent discussions between the White House and industry leaders, where he hopes that forthcoming regulations will provide clarity for companies, support innovation, and drive