LATEST NEWS

Don’t forget to register with FinCEN if you are a foreign digital currency exchange

Sometimes there is a misconception that if you are based outside of the US and operating a digital currency exchange with US customers that...

ESMA takes ‘wait and see’ approach in relation to DLT.

ESMA takes ‘wait and see’ approach in relation to DLT. ESMA stresses that MIFID/EMIR and other EU regulations are “technology agnostic”. This means institutions using...

The Swiss Sandbox and a new Fintech Licence

This Federal Council is the seven member executive that represents the seven states of Switzerland. The Council have prioritised fintech regulation as a means...

“The Times They Are A Changin’” – tax enforcement against cryptoexchanges is the new...

The United States Internal Revenue Service (IRS) has requested details on Coinbase’s users to identify any tax violations. This action seems to have arisen as...

Jersey’s New Government Order for Digital Currency Exchanges

New government order in Jersey for digital currency exchanges. Under the Order there is a requirement for registration if the turnover of the exchange...

Bitcoin and the Cambrian Event

Bitcoin and the Cambrian Event Source: DIACLE

EBA’s Opinion on Proposal to Regulate Virtual Currency Exchanges/Wallets

The EBA have reviewed the EU Commission's proposal to regulate VC exchanges and wallets and have provided their Opinion on the matter. They have interpreted...

Easier to set up a Bank than a Virtual Currency Exchange? Impact of EBA’s...

On 11 August 2016, the EBA wrote an Opinion on the application of 4AMLD to VC exchanges and wallets. The EBA mentions that VC exchanges...

Australia – bitcoin to be subject to AML regime

In April 2016, the Attorney General's Department of the Australian Government issued a report on a review of the prevailing anti-money laundering and counter-terrorist...

Russia – Tax Status of Cryptocurrency Clarified

Russia is to treat bitcoin as foreign currency for tax purposes. Although digital currency is banned in Russia, amendments are being drafted to allow Russians...