Tag: Guidelines

US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

US to Strictly Enforce Crypto Rules Similar to FATF Guidelines The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal Reserve […]

Crypto Tax Guidelines Leave More Questions Than Answers

Crypto Tax Guidelines Leave More Questions Than Answers Cryptocurrency holders have long wrestled with their tax obligations. These fiduciary duties have been complicated by tax agencies, which are several steps behind technology and now playing crypto catch-up. Updated guidelines from the U.S. and U.K.’s tax agencies were finally released this […]

Britain’s Tax Authority Updates Crypto Guidelines

Britain’s Tax Authority Updates Crypto Guidelines Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities and private individuals. […]

Bank of Lithuania Issues Guidelines on Security Token Offerings

Bank of Lithuania Issues Guidelines on Security Token Offerings Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi […]

Updated Crypto Guidelines From FATF Has Far-Reaching Implications

Updated Crypto Guidelines From FATF Has Far-Reaching Implications The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market […]