South Korea’s taxation ministry is planning to introduce taxes on cryptocurrency and include them in the tax plan. The issue is to be solved in June this year.
Lagarde said that the same blockchain technology which underpins cryptocurrencies can be used to regulate cryptocurrencies and also track whether they are being used for any illicit activities.
CFTC though has mentioned that staff members won’t be allowed in any decision-making process involving cryptocurrencies to avoid conflict of interest.
During the Yahoo Finance All-Markets Summit that took place on Feb. 7 in New York City, a top U.S. financial regulator had stuck an upbeat tune about the practice of formal self-regulation within robust cryptocurrency ecosystem.
The atmosphere within crypto community is heating up following the cumbersome news regarding Metropolitan Bank neglects crypto payments.
The research provides a glimpse of the regulation trends for business related to the cryptocurrency and blockchain in the years 2014-2016.
The research gives insight into the tendencies of cryptocurrency/blockchain-related businesses regulation in 2014 to 2016.