The global regulatory landscape for cryptocurrency is evolving quickly, with significant developments from various regions:
IMF Pressures El Salvador on Bitcoin Regulations
The International Monetary Fund (IMF) continues to push El Salvador to revise its Bitcoin laws and scale back its reliance on BTC as legal tender. Despite the IMF’s concerns, many of the predicted risks have yet to manifest since Bitcoin's adoption in 2021. Read more
Coinbase to Delist Unauthorized Stablecoins in the EU
Coinbase will remove all unauthorized stablecoins from its platform in the European Union by December 30 to comply with MiCA regulations. The new rules require stablecoin issuers to secure e-money licenses, putting pressure on major players like Tether.io. Read more
UAE Exempts Crypto Transfers from VAT
The UAE has amended its VAT regulations, exempting crypto transfers and conversions from VAT, retroactively effective from January 2018. These changes are part of the country's broader efforts to streamline crypto operations. Read more
Taiwan Strengthens AML Regulations for Crypto Firms
Taiwan has introduced stricter anti-money laundering (AML) regulations for crypto companies, with a compliance deadline set for 2025. Non-compliance will lead to significant penalties as the country tightens oversight of virtual asset service providers. Read more