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Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines.      According to the announcement from the Brazil Central Bank, IMF guidelines will now be followed. Cryptocurrencies will be classified as non-financial products and will be classified as goods on its balance sheet.      The external sector … Continue reading Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

Switzerland’s New Stablecoin Guidelines: 3 Things You Should Know

The Swiss Financial Market Supervisory Authority (FINMA) issuednew guidelines for stablecoins added as a supplement to its existing guidelines for initial coin offerings (ICOs) to outline how stablecoins are treated under the Swiss supervisory law.      FINMA announced on Wednesday that stablecoins are classified under the existing approach of blockchain-based tokens. The regulatory framework for stablecoins may differ depending on their underlying assets that they are … Continue reading Switzerland’s New Stablecoin Guidelines: 3 Things You Should Know

UK Tax Authority Updates Its Guidelines for Crypto Taxation

Her Majesty’s Revenue and Customs (HMRC), the tax and payments customs authority for the United Kingdom, has updated its guidelines for crypto taxation as they pertain to both individuals and businesses.   The guideline updates were published on Nov. 1, further clarifying HMRC’s stance on how cryptocurrency will be taxed in the UK. It relates to companies planning … Continue reading UK Tax Authority Updates Its Guidelines for Crypto Taxation

Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

Paraguay is looking to take its cryptocurrency industry mainstream, in light of the Financial Action Task Force’s (FATF) guidance on virtual asset service providers (VASPs) released earlier this year.   The Secretary for Preventing Money and Property Laundering, and the country’s anti-money laundering (AML) chief announced a crypto survey in the nation. The VASPs were asked to open … Continue reading Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

The Internal Revenue Service will not clarify how taxes work with cryptocurrencies and digital asset transactions according to a US congressional watchdog’s report released on Wednesday. Following Rep. Ken Brady’s (R-TX) request for clarity on how taxes are levied against cryptocurrency, the Government Accountability Office (GAO) published a report evaluating the IRS’ current approach and public … Continue reading IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

NYDFS Reviews BitLicense Guidelines to Favor Crypto Agencies

The New York Department of Financial Services (NYDFS) has reviewed its 5-year old BitLicense guidelines, which will allow blockchain-based firms to apply and receive conditional BitLicenses. The new guidelines defined in an announcement by Linda. A Lacewell, the Superintendent of the Department of Financial Services also seeks to streamline the coin’s listing procedure. The DFS … Continue reading NYDFS Reviews BitLicense Guidelines to Favor Crypto Agencies

Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

Nigeria’s Securities and Exchange Commission has announced that it will create a clear regulatory framework for trade in digital currencies to protect investors’ interests and to ensure transparent transactions.   On Monday Sept.14, Nigeria’s capital market and investment regulator said that the cryptocurrency regulation’s aim is not to stifle innovation or hinder technology, but rather to … Continue reading Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

How to Use Uniswap: A Step by Step Guide

Blockchain.News recently forked from the Uniswap exchange to a new exchange, the Worldmoney exchange. This tutorial is based on the Worldmoney exchange. Firstly, on the first page, you can choose from the list of tokens to find if the pair of token you want to trade exists. You can then fill in how many tokens you … Continue reading How to Use Uniswap: A Step by Step Guide

US SEC Releases Guidelines for Digital Asset Securities as Exchanges Scramble to Delist XRP

US Securities and Exchange Commission (SEC) has issued a statement to indicate that it is open to comments from the crypto industry regarding digital asset securities. Following the lawsuit it has directed towards Ripple this week for what it alleges to be unregistered securities offering worth $13.2 billion through XRP token sales, the SEC is … Continue reading US SEC Releases Guidelines for Digital Asset Securities as Exchanges Scramble to Delist XRP

FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets

The Financial Crimes Enforcement Network (FinCEN), which acts as the anti-money laundering arm under the US Department of Treasury, has proposed regulatory measures for businesses operating with cryptocurrencies, such as exchanges. Per FinCEN’s proposal, unhosted wallets, or self-hosted ones, should be monitored and cryptocurrency transactions should conform to anti-money laundering (AML) laws. Reports should be … Continue reading FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets

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