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An overview of the cryptocurrency regulations in Australia

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  • March 22, 2023

Over 1 million Australians — 5% of the country’s population — own cryptocurrency, according to Roy Morgan’s Research Institute. Some surveys even stretch the statistics to 20% of the Australian population holding cryptocurrencies. Certainly, the amount of people involved in the country’s industry keeps rising. Still, only as little as 20% of cryptocurrency owners appear […]

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An overview of cryptocurrency regulations in Nigeria

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  • March 22, 2023

Is cryptocurrency allowed in Nigeria? The cryptocurrency landscape has exponentially grown since the launch of Bitcoin (BTC) in 2009. Governments across the world continually strive to formulate rules, policies and regulations to curb fraudulent activities while fostering blockchain and digital asset innovation. For instance, Africa’s most populous country, Nigeria, has been active in defining its […]

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An overview of cryptocurrency regulations in South Korea

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  • March 22, 2023

Cryptocurrency law and the regulation of digital assets more broadly ideally balance safeguards and economic growth. In that light, regulators and policymakers worldwide are seeking a delicate equilibrium between encouraging technological innovation and establishing the necessary rules to prevent potentially illicit behavior by market participants like individuals and corporate entities.  South Korea has become a […]

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An overview of the cryptocurrency regulations in Singapore and Thailand

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  • March 22, 2023

While global crypto ownership rates averaged around 4.2% in 2022, countries like Singapore and Thailand have significantly higher adoption rates at 11.05% and 6.47%, respectively. This is largely attributed to the tech-savviness of their respective populations and the pro-cryptocurrency stance adopted by both Southeast Asian countries.  Being early adopters of a regulatory framework for cryptocurrencies […]

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Altcoin News Cryptonews Deals XRP

A New York Court Is About to Rule on the Future of Crypto

The Securities and Exchange Commission’s case against Ripple over the XRP token will establish a critical precedent. Three days before Christmas 2020, the US Securities and Exchange Commission charged Ripple, a company based in San Francisco that provides the infrastructure for cross-border payments, and two of its executives with conducting a $1.3 billion unregistered securities […]

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An overview of the cryptocurrency regulations in Asia

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  • March 21, 2023

Between July 2020 and June 2021, cryptocurrency in Asia experienced rapid and enormous growth, with transactions soaring 706% in Central and South Asia, and a value of $572.5 billion, equal to 14% of the global transactions’ value.  The region has always been avant-garde in technology, and the trend has been confirmed by the prompt adoption […]

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Cryptocurrency bill: Countries where cryptocurrency is restricted or illegal

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  • March 21, 2023

What is the cryptocurrency bill? The Cryptocurrency and Regulation of Official Digital Currency Bill, more widely known in the cryptocurrency space as the “cryptocurrency bill,” was introduced to the Parliament of India (Lok Sabha) in 2021.  The Lok Sabha announced that the bill sought “to create a facilitative framework for the creation of the official […]

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Stablecoin regulations in the US: A beginner’s guide

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  • March 21, 2023

What are stablecoins? Stablecoins are a class of cryptocurrencies created primarily as a medium of exchange and are used to facilitate crypto transactions today. An alternative to extremely volatile and popular cryptocurrencies, stablecoins have their value tied to a commodity, fiat currency or financial instrument and maintain price stability by locking reserves of the underlying […]

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What are CBDCs? A beginner’s guide to central bank digital currencies

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  • March 21, 2023

Is a CBDC a cryptocurrency? A central bank digital currency or CBDC is a virtual currency backed and issued by a central bank. As cryptocurrencies and stablecoins have grown in popularity, central banks around the world have realized that they must provide an alternative to physical money or risk missing out on the future of […]

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A beginner’s guide to filing cryptocurrency taxes in the US, UK and Germany

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  • March 21, 2023

Do you have to pay tax on cryptocurrency? Most taxes imposed on cryptocurrency are based on the United States Internal Revenue Service, or IRS, ruling in 2014. According to the ruling, cryptocurrencies should be treated in the same way as stocks or bonds — as a capital asset.  What does this mean for people who […]

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