Policy

The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transaction...

By Amitoj Singh

Nov 9, 2023 at 11:28 a.m. UTC

Nov 9, 2023

RegulationsIndiaCryptoTaxincome taxPolicy

Policy

Regulations

BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements s...

By Camomile Shumba

Nov 8, 2023 at 5:11 p.m. UTC

Nov 8, 2023

RegulationsBISPolicyStablecoinsUSTTether

Finance

Standard chartered

U.S. Crypto Regulatory Fog Keeps Standard Chartered Rooted in UAE, Asia

Standard Chartered chose Dubai as its base for launching crypto services. Reading between the lines, the message coming from banks and large institutions is that almost anywhe...

By Ian Allison

Oct 18, 2023 at 1:54 p.m. UTC

Oct 18, 2023

Standard charteredDubaiUAEUSRegulationPolicy

Policy

Regulations

EU Formally Agrees on New Crypto Tax Data Sharing Rules

The rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.

By Sandali Handagama

Oct 17, 2023 at 4:52 p.m. UTC

Oct 17, 2023

RegulationsEUEuropean CommissionTaxPolicy

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Policy

Cbdc

Digital Dollar May Pose 'Significant Risk,' Fed Governor Bowman Says

Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins.

By Jesse Hamilton

Oct 17, 2023 at 4:05 p.m. UTC

Oct 17, 2023

CBDCPolicyDigital Dollar

Capitol Hill building, Washington DC (Darren Halstead/Unsplash, modified by CoinDesk)

Consensus Magazine

Opinion

Why Congress Will Be the Dollar’s Downfall

Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s...

By Amanda Wick

Oct 17, 2023 at 2:55 p.m. UTC

Oct 17, 2023

OpinionDollarizationU.S. DollarCongressPolicyState of Crypto Week 2023

gary gensler, sec, need to resize (SEC, modified by CoinDesk)

Consensus Magazine

Opinion

What’s Holding Crypto Back? It’s the Founders, Not Just Regulators

Crypto companies and projects need to rethink how users interact with digital assets to build a safer, more decentralized economy, Margaret Rosenfeld, chief legal officer at C...

By Margaret Rosenfeld

Oct 17, 2023 at 2:19 p.m. UTC

Oct 17, 2023

OpinionState of CryptoPolicy

Policy

Ben Armstrong, Founder of Bitboy Crypto Channel, Released on Bail After Arrest

Armstrong has had an apparent fallout with his former business partners, several tweets suggest.

By Shaurya Malwa

Sep 26, 2023 at 5:30 a.m. UTC

Sep 26, 2023

PolicyLegalBEN ARMSTRONG

Licensing consultants are charging up to $1 million to advise firms on the application. (Ratnakorn Piyasirisorost/Unsplash)

Policy

Analysis

Hong Kong's New Crypto License Could Cost Exchanges a Pretty Penny

The city’s new licensing regime paves the way for exchanges to operate legally and serve retail clients but tough compliance requirements could cost firms as much as $20 milli...

By Lavender Au

Aug 4, 2023 at 12:14 p.m. UTC

Aug 4, 2023

AnalysisRegulationsPolicyHong KongHong Kong Monetary Authority