Tags : authorities

Regulation

UK authorities say crypto firms ‘fall short’ of AML rules

Irish Central Bank official says cryptos like Bitcoin are a ‘great concern’ Derville Rowland, Ireland Central Bank’s Director-General for Financial Conduct, said in an interview with Bloomberg today that cryptocurrencies such as Bitcoin are “of great concern.” The bank’s official also addressed crypto investors saying “crypto-assets are quite a speculative, unregulated investment,” warning them to […]Read More

Regulation

U.K. tax authorities freeze capital gains tax signaling short term

U.K. crypto investors braced themselves for significant changes in the treatment of Capital Gains Tax (CGT). But these fears were ill-founded as Chancellor Rishi Sunak delivered his budget just after noon today. The government opted to freeze thresholds for Income Tax, Inheritance Tax, Pensions Allowance, VAT registration, and Capital Gains Tax. While this is welcome […]Read More

Regulation

Authorities to regulate one of the world’s biggest Bitcoin markets

Two Nigerian regulatory bodies, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have agreed to conduct research to regulate and govern the sector’s booming Bitcoin and crypto market. An opportunity for Nigeria As per a report on local outlet Premium Times, the two bodies made the decision at a lecture […]Read More

Regulation

U.K. tax authorities eye crypto assets in up-and-coming budget

According to chartered accountants HillierHopkins, Her Majesty’s Revenue and Customs (HMRC) will target crypto investors in the up-and-coming budget on March 3. Principal at the firm Thomas Gibbs predicts this will take the form of a hike in Capital Gains Tax (CGT) from 20% to 40%. “HMRC sees cryptocurrencies not as a currency but as […]Read More