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Forty crypto companies cosigned an open letter to the European Parliament, European Commission and other principal E.U. institutions with a call to ensure common-sense regulation, standardized compliance procedures, and an innovation-friendly business environment.  An open letter on behalf of the international Web3 community and “businesses across Europe,” shared with Cointelegraph by one of the signatories,…
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Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally. On April 20, local newspaper Izvestia reported that the FTS left its official feedback on the draft of the crypto bill prepared…
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In the last few months, the standoff between the Central Bank of Russia (CBR) and the country’s Ministry of Finance over crypto regulation has become the key regulatory plot for the Russian crypto community to follow. Simultaneously, however, another important legislative development has been unfolding somewhat under the radar: negotiations around tax code amendments that…
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The number of adults in the United States who will use crypto to make purchases in 2022 will increase to 3.6 million, according to a research firm. A report published by Insider Intelligence shows that crypto’s value as a means of payment will go up by 70 percent this year. The firm predicts that by…
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Bitcoin (BTC) closed above a crucial level into April 20 as the daily chart offered a long-awaited “buy” signal. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin is a buy at $41,500 Data from Cointelegraph Markets Pro and TradingView confirmed a daily close at $41,500 on Bitstamp for Tuesday. A strong performance, the sustained…
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Puerto Rico becomes the fourth jurisdiction in America to grant a money transmitter license to Binance.US, the American arm of the crypto exchange Binance. Other states that issued operational licenses to Binance.US include Wyoming, Connecticut and West Virginia.  Binance.US was launched as a second attempt by Binance CEO Changpeng Zhao to cater to investors in…
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India’s 30% crypto tax came into law on March 31 and was effective April 1, despite warnings from several stakeholders about its possible ill impact on the budding crypto industry.  As predicted, within just a couple of weeks of the new crypto tax law coming into effect, trading volume across major crypto exchanges dropped as…
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Financial regulators have greenlit Australia’s first Bitcoin ETF to begin trading on April 27 and the Australian Financial Review reports it could see up to $1 billion in inflows. An ETF is a regulated exchange traded fund that allows investors to benefit from the price of Bitcoin (BTC) without needing to own any coins themselves…
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A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to email addresses, and it has seized more than $102 million in crypto across 254 cases since 2015. USSS assistant director of investigations David Smith told CNBC that the transparent…
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The stock market has once again made crypto look stable by comparison with the Netflix (NFLX) stock price dropping 25% in after-hours trading tod. The news that sparked the dramatic tumble was the revelation on Tuesday that the streaming service has lost 200,000 customers in the first quarter of 2022 and projects it will lose…
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