Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers hosting cryptocurrency mining operations, as it is an unwanted business in the country. Norway to […]
A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is due for completion by May 2025. Finance Ministry Directed to […]
Many cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns, according to a cryptocurrency tax expert. The expert stated that the IRS has the discretion to apply laws retroactively or retrospectively interpret them. Complex Filing Process Clinton Donnelly, CEO of Crypto […]
According to the governor of the Central Bank of Nigeria, the Securities and Exchange Commission is responsible for regulating cryptocurrencies. However, the governor said the central bank will collaborate with law enforcement agencies and regulators overseeing the Nigerian crypto sector. The Central Bank’s Change of Heart In a surprise announcement, Yemi Cardoso, governor of the […]
Erroneous early reporting and discussions on X about the European Union’s approach to cryptocurrency anonymity have been clarified by industry expert Patrick Hansen, stating that the EU’s Anti Money Laundering Regulation (AMLR) targets broader anti-money laundering (AML) and counter-terrorism financing (CFT) efforts across various sectors, including crypto, without singling out cryptocurrencies for special regulation. Contrary […]