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Pennsylvania House passes bipartisan Bitcoin bill
Regulation

Pennsylvania House passes bipartisan Bitcoin bill

October 26, 2024 CryptoExpert

Pennsylvania House of Representatives have passed “The Bitcoin Rights Bill”, with a bipartisan majority of 176 to 26 The bill seeks regulatory clarity to the digital assets industry, including on self-custody, payments, and taxation Pennsylvania […]

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Netherlands seeks public feedback on crypto tax reporting rules

October 25, 2024 CryptoExpert

Netherlands has invited public comments on a new draft bill on crypto tax reporting expected to align local rules with European Union regulations. The public can share opinions and comments up to Nov. 21, 2024. […]

Coinbase pushes for court intervention to obtain SEC documents on crypto regulations
Regulation

Coinbase pushes for court intervention to obtain SEC documents on crypto regulations

October 16, 2024 CryptoExpert

Coinbase seeks SEC documents on crypto regulations through a court ruling. The focus is on Ether’s security status and past closed investigations. SEC delays document release, citing a three-year review process. Coinbase, a leading US […]

National Bank of Bahrain launches a Bitcoin investment fund
Regulation

National Bank of Bahrain launches a Bitcoin investment fund

October 9, 2024 CryptoExpert

The National Bank of Bahrain launches the GCC’s first Bitcoin investment fund. The fund offers accredited investors exposure to Bitcoin as a capital-protecting option. Bahrain ranks fifth globally in Bitcoin holdings, emphasizing its crypto-friendly stance. […]

Crypto.com sues the US SEC after Wells notice
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Crypto.com sues the US SEC after Wells notice

October 8, 2024 CryptoExpert

com has sued the SEC for overreaching its regulatory authority over crypto. The lawsuit challenges SEC rules categorizing most crypto transactions as securities. com seeks clarity on crypto derivatives through a petition with the CFTC. […]

The UAE Exempts Crypto Transactions from VAT
Regulation

The UAE Exempts Crypto Transactions from VAT

October 7, 2024 CryptoExpert

The UAE updated its tax laws to exempt crypto transactions from value-added tax. The change will take effect on November 15 but retroactively apply to transactions from January 1, 2018. The UAE government amended its […]

CFTC votes on allowing DLT-based collateral in commodities and derivatives trading
Regulation

CFTC votes on allowing DLT-based collateral in commodities and derivatives trading

October 5, 2024 CryptoExpert

CFTC’s subcommittee recommends using DLT-based collateral in trading. Approval could broaden access to digital assets for smaller market participants. Strong ETF inflows signal growing institutional interest in digital assets. In a significant development for the […]

Alabama grants Transak a Money Transmitter License (MTL)
Regulation

Alabama grants Transak a Money Transmitter License (MTL)

October 4, 2024 CryptoExpert

Transak secures its first Money Transmitter License (MTL) in Alabama. The license boosts security, speed, and compliance for US cryptocurrency services. Transak targets further state licenses as it enhances its Web3 payments infrastructure. On October […]

Gemini announces exit from the Canadian market
Regulation

Gemini announces exit from the Canadian market

October 1, 2024 CryptoExpert

Gemini exits Canadian market, citing strict regulations and compliance costs. Users must withdraw funds by Dec. 31 as all accounts will close by that date. Canada’s new crypto rules, set for 2026, further restrict decentralized […]

Blockchain fantasy sports operator Sorare charged for unlicensed gambling services
Regulation

Sorare charged for unlicensed gambling services in the UK

September 28, 2024 CryptoExpert

UK Gambling Commission charges Sorare for providing unlicensed gambling services. The United Kingdom’s Gambling Commission has been investigating Sorare for three years. Sorare denies wrongdoing, asserting it is not a gambling platform under UK law. […]

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