Search Results for: Crypto Asset Reporting Framework

November 24, 2024 @ 6:42 pm By Michael Wong  |  

Australia’s Department of the Treasury has initiated a consultation on implementing the Organisation for Economic Cooperation and Development’s (OECD) Crypto Asset Reporting Framework (CARF). The framework is designed to enhance tax transparency and improve compliance by standardizing the collection and exchange of tax-related information on… Read More

March 31, 2025 @ 7:59 am By Omar Faridi  |  

Taxbit, the provider of automated tax and accounting solutions for the digital economy, announced the expansion of its platform to support compliance across the EU’s DAC8 directive and the OECD’s Crypto-Asset Reporting Framework (CARF). This expansion enables Reporting Crypto-Asset Service Providers (RCASP) in 65+ jurisdictions… Read More

May 18, 2025 @ 10:50 pm By Michael Wong  |  

The United Kingdom is taking a decisive step toward formal regulation of digital assets, announcing that all cryptoasset service providers operating in the country will be required to adhere to strict reporting obligations starting January 1, 2026. The new rules form part of the OECD’s… Read More

April 18, 2025 @ 11:47 am By Omar Faridi  |  

Canada appears to be taking significant steps to integrate cryptocurrencies into its financial ecosystem, with recent updates from the Canadian Securities Administrators (CSA) and Coinbase providing more clarity for investors navigating the seemingly complex world of crypto assets. These developments underscore Canada’s commitment to fostering… Read More

April 7, 2025 @ 7:10 am By Omar Faridi  |  

Circle has submitted its response to the Financial Stability Board’s (FSB) thematic peer review on the implementation of its global regulatory framework for crypto-asset activities. In this response, Circle outlines the importance of “having domestic regulations that allow consumers to benefit from global stablecoins while… Read More

April 2, 2025 @ 8:35 am By Omar Faridi  |  

SIX, the global financial data and market infrastructure provider, has launched its Digital Assets Regulatory & Tax Service – a data package providing financial institutions with “a single information source to help identify their exposure to digital assets and remain compliant with evolving regulations.” It… Read More

March 22, 2025 @ 6:07 pm By Michael Wong  |  

The International Monetary Fund (IMF) has officially recognized digital assets in its global economic reporting framework for the first time, updating its balance of payments standards to reflect the growing role of cryptocurrencies and blockchain-based assets in the global economy. In the newly released seventh… Read More

March 18, 2025 @ 12:32 pm By Omar Faridi  |  

CertiK Chief Security Officer Kang Li has commented on the changing regulatory environment for cryptocurrencies and how it potentially brings new opportunities. During discussions held as part of the 2024 Korean Blockchain Week (KBW), Professor Kang Li, Chief Security Officer of CertiK explained how recent… Read More

March 12, 2025 @ 9:30 pm By Omar Faridi  |  

OKX has released their ‘Responsibility Report,’ providing insight into how their platform aims to: safeguard customer assets, help prevent fraud, operate within the Australian regulatory environment and promotes platform stability. As noted in the update from digital assets firm OKX, the ‘Responsibility Report’ outlines four… Read More

March 6, 2025 @ 10:10 am By Omar Faridi  |  

On March 4, 2025, the U.S. Senate voted 70-27 to repeal an IRS rule that would have potentially imposed very stringent reporting requirements on decentralized finance (DeFi) platforms, categorizing them as “brokers” under existing US tax laws. This decision, driven by a bipartisan coalition and… Read More

December 31, 2024 @ 2:02 pm By Omar Faridi  |  

Taxbit says it is ready to support Brazilian businesses in meeting new crypto regulatory requirements with solutions designed to simplify compliance and ensure “seamless” reporting. The Brazilian Federal Revenue Service’s proposal demonstrates its commitment to aligning domestic crypto taxation with global standards. By expanding reporting… Read More

December 30, 2024 @ 8:29 am By Omar Faridi  |  

Shyft Network shared that in 2024, the anticipated collision between regulation and innovation gave way to an “unprecedented” collaboration. This year marked a turning point, Shyft network noted while adding that this is the point where regulatory frameworks and technological advancements joined forces to prioritize… Read More

December 24, 2024 @ 6:33 am By Omar Faridi  |  

A collaboration between the Crypto Carbon Ratings Institute (CCRI), a leader in sustainability data on digital assets, and Broadridge Financial Solutions, Inc. (NYSE: BR) a global Fintech, will deliver an integrated communications, data, and disclosure generation platform to help firms operating in Europe, including exchanges,… Read More

December 23, 2024 @ 10:09 pm By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has introduced extensive rules governing crypto-assets, covering disclosures, public offerings, trading, and marketing activities. The regulations aim to enhance investor protection and promote transparency in the burgeoning digital asset market. Under the new guidelines, crypto-asset offerings must submit… Read More

December 2, 2024 @ 10:58 pm By Omar Faridi  |  

Taiwan’s Financial Supervisory Commission (FSC) has recently announced a considerable acceleration of its anti-money laundering (AML) regulatory guidelines for digital currency service providers. The Taiwanese authority has confirmed that it moved the registration deadline to November 30, 2024 from the initial January 1, 2025 date…. Read More

November 4, 2024 @ 10:50 pm By Omar Faridi  |  

Sygnum, a digital asset banking group, announces the transition of its Yield Core AMC, a product that invests in yield-generating strategies in crypto, including lending, funding arbitrage and liquidity provision, into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure. This evolution broadens the fund’s international… Read More

August 27, 2024 @ 1:02 pm By JD Alois  |  

Sygnum Bank is a digital asset-focused financial institution that is based and regulated in Switzerland, supervised by the Swiss Market Financial Authority (FINMA). The company also holds a CMS [Capital Market Services license issued by the Monetary Authority of Singapore (MAS). Both of these jurisdictions… Read More

August 12, 2024 @ 10:13 pm By Omar Faridi  |  

In June 2023, the Financial Services Agency of Japan (FSA) amended the Payment Services Act (PSA) to provide an updated regulatory framework for crypto assets and stablecoins. According to an update from Blockdaemon, these regulations have clear implications “for Crypto Asset Exchange Service Providers (CAESP)… Read More

August 3, 2024 @ 4:53 pm By Tony Zerucha  |  

Forensic Risk Alliance, an independent forensic consultancy specializing in regulatory investigations, compliance and disputes, has named US-based cryptocurrency specialist Thomas Hyun as a director in the firm’s global Cryptocurrency Investigations and Compliance practice. Hyun brings years of experience building and leading anti-money laundering (AML) compliance… Read More

July 8, 2024 @ 10:40 am By Omar Faridi  |  

Cryptocurrency markets continued to decline during this past  week, with the total market cap slipping by 1.3% compared to the previous week, while bitcoin’s dominance remained steady above 53%, the team at Talos noted in their digital assets / blockchain industry recap report. Talos pointed… Read More