Coin Center warns US policies could scare away crypto investors despite Trump win

November 23, 2024 Coin Telegraph

Coin Center

Coin Center says that while a Trump administration will undoubtedly be positive for crypto, there are still several ongoing cases that could prove troublesome to investors and developers.

Non-profit crypto advocacy group Coin Center has warned that even though a Trump win is a net positive for the crypto industry, entrenched policies could still scare crypto innovators away from the United States.

In a Nov. 21 blog post analyzing the landscape of US crypto policy following the 2024 election, Coin Center’s research director Van Valkenburgh shared three “grave threats” to the crypto users and developers in the US heading into 2025.

Source: Coin Center

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Netherlands seeks input on crypto tax monitoring laws to align with EU

October 25, 2024 Coin Telegraph

Coin Telegraph

The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.”

The Dutch government has asked for public input on proposed laws that would require crypto service providers, such as exchanges, to collect and share user data with the local tax authority — aligning with European Union rules.

“The aim of the bill is to create more transparency about the ownership of cryptocurrencies, which can prevent tax avoidance and evasion,” the Netherlands Ministry of Finance said in an Oct. 24 press release.

It added “nothing will change” for crypto owners under the proposed rules as they’re already required to file a tax return of their holdings to the country’s tax authority, the Belastingdienst.

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New Virtual Asset Protection Act Takes Effect in South Korea

July 21, 2024 Bitcoin.com

bitcoin.com

South Korea’s Act on the Protection of Virtual Asset Users went into effect on July 19, 2024, aiming to protect users and ensure market stability. Initially revised in 2021 to mandate virtual asset service providers (VASPs) to register and adhere to anti-money laundering regulations, it became evident that further measures were necessary to combat unfair […]

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Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales

June 13, 2024 Bitcoin.com

Bitcoin

A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province, Uzbekistan. The court found him guilty of violating laws governing the circulation of crypto assets. The case began when a complaint was […]

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Britain’s public healthcare chief flags rise in crypto trading addiction

June 13, 2024 Coin Telegraph

betting platform

NHS boss Amanda Pritchard called for action, saying specialist clinics are seeing a rise in young people with crypto trading addictions.

The United Kingdom’s National Health Service chief executive Amanda Pritchard is calling on British lawmakers to take action to prevent young people from becoming addicted to crypto trading.

Speaking at the ConfedExpo of NHS managers in Manchester on June 12, Pritchard said earlier this year, the NHS opened its fifteenth specialist gambling addiction clinic in response to “a real and growing social need.”

“As a society, we need to ask: Are we okay to just continue picking up the pieces while the methods employed to keep people hooked get ever more sophisticated,” she said.

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House Democrats won’t be forced to vote against two pro-crypto bills

May 21, 2024 Coin Telegraph

Coin Telegraph

A leaked email shows Democratic Party leaders “strongly oppose” two Republican-led crypto bills, but will not force House members to vote no on them.

United States House of Representatives Democrats will not be forced to vote against two pro-crypto bills expected to come up for a floor vote this week — though they are strongly being urged to do so.

A May 20 email from Democrat Party leaders to House members shared by POLITICO shows the party did not urge members to vote no on the Republican-led Financial Innovation and Technology for the 21st Century (FIT21) Act and the CBDC Anti-Surveillance State Act — H.R. 4763 and H.R. 5403 respectively.

Both bills have been perceived as positive for the crypto industry if passed.

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EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

March 24, 2024 Bitcoin.com

anonymous crypto asset accounts

A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse […]

Fundstrat’s Tom Lee Says Positive Setup for Stock Market Forming, Sees Incoming Rebound for 2025

Spanish Court Upholds Privacy Watchdog’s Decision to Halt Worldcoin Activities

March 19, 2024 Bitcoin.com

AEPD

The Audiencia Nacional (National Hearing), a Spanish special tribunal, has maintained the measures that the AEPD, the private data watchdog in the country, has taken against Worldcoin. The court determined that the defense of the general interest of protecting the people’s data must prevail over the company’s economic interest. Spanish Audiencia Maintains Suspension of Worldcoin […]

Argentine Senate Passes Reform Creating Cryptocurrency Entities Registry

March 18, 2024 Bitcoin.com

bitcoin.com

The Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country. The CNV, the Argentine securities enforcer, will manage this registry, which also establishes obligations for crypto companies to deliver personal information on their customers and other data to government entities. Argentine Senate Passes Crypto Anti-Money […]

Dubai International Financial Centre Enacts Digital Assets Law

March 18, 2024 Bitcoin.com

bitcoin.com

The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages, obligations, securities, and personal property laws, amending them to account […]

crypto laws