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Which countries are the worst for crypto taxation? New study lists top five

Crypto analytics firm Coincub has released crypto tax rankings, pointing out the worst and the best countries regarding crypto taxation.

Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'

According to the regulator, Celsius “lacked sufficient assets to repay its obligations” despite suggesting it had enough funds in its reserves to mitigate the risk of insolvency.

US Fed vice chair Michael Barr favors hard line on crypto, OCC acting head no friendlier

Barr, a former Ripple Labs adviser, has taken a rather less favorable view of crypto than he apparently had in the private sector, as he gives his first speech as a Fed official.

UK advertising watchdog cites 2 former reality stars for crypto ads on Instagram stories

The ASA said the Gale twins could not post the crypto ads “in the form complained about” again, but did not bar them from promoting digital assets in future advertisements.

Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures

The Cyber Crime Investigation Bureau in Thailand will now consider whether to pursue legal action against Zipmex following the SEC's allegations.

Powers On… Insider trading with crypto is targeted — Finally! Part 1

El Salvador celebrates Bitcoin anniversary: A year of ups and downs

El Salvador’s first Bitcoin anniversary comes amid BTC losing over 60% of value in one year, but that doesn't really mean that the country’s Bitcoin experiment has failed.

South Korean regulators to prepare guidelines for security tokens in 2022

South Korea will get a separate security tokens market operated by Korea Exchange.

FBI seeks Bitcoin wallet information of ransomware attackers

The FBI, along with two other federal agencies, CISA and MS-ISAC, asked U.S. citizens to report information that helps track the whereabouts of the hackers.

New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear

While serving as the secretary of state for business, energy and industrial strategy, Nadhim Zahawi was part of a department suggesting support for blockchain technology in 2021.

Basketball star for a crypto launderer? Alexander Vinnik's lawyers considers prisoner swap: Report

Though political tensions may be high between the U.S. and Russia, authorities still negotiated a prisoner swap of Trevor Reed for drug smuggler Konstantin Yaroshenko in April.

Russian gov't working on stablecoin settlement platform between friendly nations: State media

“Stablecoins can be pegged to some generally recognized instrument, for example, gold, the value of which is clear and appreciable for all parties involved," said Alexey Moiseev.

DeFi Regulations: Where US regulators should draw the line

The U.S Federal agency’s approach to the DeFi market has raised several concerns over the future of the industry: Experts weigh in on what’s the right approach.

Australian Treasury consults public on Bitcoin foreign currency tax exclusion

The public has been provided with 25 days to share their opinion on the proposed legislation.

Crypto assets are no longer niche and regulators need to catch up — IMF

Recent failures of crypto issuers, exchanges, and hedge funds have been a major motivator behind better crypto regulation.

Bitcoiner sentenced to federal prison warns users involved in OTC trading

"I'm just a regular Bitcoiner caught in the crosshairs," claimed Mark Alexander Hopkins, also known as Rizzn, prior to serving his prison sentence.

UK regulators target Revolut for 'material misstatement' in audit: Report

“The auditors are being significantly more challenging now, because they’re getting beaten up by their regulators,” an individual familiar with Revolut's situation reportedly said.

Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs

The trial may lead up to the introduction of a CBDC in India before the end of this fiscal year, most likely in three steps; U.S.-based FIS is reportedly participating.

Law Decoded, Aug. 29–Sep. 5: Celsius is ready to give money back, but not much

Crypto lending platform is ready to return $50 million out of $210.

Liz Truss, who said UK 'should welcome cryptocurrencies' will be the next prime minister

Winning the election to be Conservative Party leader with 57.4% of the vote from members compared to Rishi Sunak’s 42.6%, Liz Truss will be the next U.K. prime minister.

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