Borderless crypto markets show need for global rules

Borderless crypto markets show need for global rules

More than 500 years elapsed between the founding of the world’s first bank, Monte dei Paschi di Siena, and the creation of the first set of global banking standards: the 1988 Basel accord. By that benchmark, global policymakers are ahead of the curve in devising standards for cryptocurrencies, which emerged just 13 years ago with … Read more

Taxes Versus Privacy in Crypto: Old Rules, Modern Technology

Taxes Versus Privacy in Crypto: Old Rules, Modern Technology

Crypto technology has outpaced laws as regulators scramble to find ways to integrate crypto into reporting requirements. David Kemmerer, CoinLedger co-founder and CEO, joins to provide perspective on the challenges associated with crypto taxation, while author Dan Jeffries tackles the clash between reporting requirements and the privacy principles inherent to the crypto industry. A difference … Read more

China Court Rules Crypto Transactions ‘Illegal’

China Court Rules Crypto Transactions 'Illegal'

China’s Supreme Court this week set penalties for violating recent prohibitions against engaging in cryptocurrency transactions. Engaging in “illegal fundraising” — the Chinese government’s term for a category of offenses that includes using cryptocurrency — encompasses transactions using “the internet, the media, promotion conferences, leaflets, mobile phones information and other means to publicize it to … Read more

Japanese crypto exchanges to strengthen overseas payment rules

Japanese crypto exchanges to strengthen overseas payment rules

Japanese crypto exchanges are set to tighten overseas remittance rules as part of efforts to prevent Bitcoin and other digital currencies from falling into the hands of criminal organizations. The Japan Virtual and Crypto assets Exchange Association has come up with new measures against money laundering and terrorism financing. The rules will require exchange operators … Read more

Crypto Taxation in Budget 2022 Live Updates, New Crypto Regulation and TDS Rules in Union Budget 2022 Live

cryptocurrency tax budget 2022

Crypto Taxation in Budget 2022 Live Updates, Union Budget 2022 Cryptocurrency Taxation Live News: Budget expected to bring clarity on crypto tax. Cryptocurrency Tax News in Union Budget 2022 Live Updates: Budget Speech 2022 has started. Ahead of the Budget, Cryptocurrency experts and investors were expecting clarity on taxation of gains from crypto assets in … Read more

U.S. regulators must provide more clarity on crypto rules, says BNY Mellon CFO

U.S. regulators must provide more clarity on crypto rules, says BNY Mellon CFO

WASHINGTON, Jan 18 (Reuters) – U.S. regulators need to provide more clarity on the rules of the road for cryptocurrencies and other digital assets amid ongoing confusion over what activities are allowed, a top banking executive said on Tuesday.”We’re hoping for more clarity around digital assets,” Emily Portney, chief financial officer for Bank of New … Read more

Rules for levy on crypto profits imminent

Rules for levy on crypto profits imminent

Clear criteria for calculating withholding taxes on profits from cryptocurrency and digital asset trading is expected to be issued this month, said Ekniti Nitithanprapas, director general of the Revenue Department.Mr Ekniti said that Prime Minister Prayut Chan-o-cha has urged the department to brainstorm with all related parties to make the matter clearer for investors and … Read more

Outright Ban Difficult; Global Rules Needed

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Cryptocurrency is not a global threat as of now and an outright ban on the asset class would be difficult to execute, Gita Gopinath, the chief of International Monetary Fund (IMF) said Thursday.”We (IMF) think it is really not appropriate to make any of these cryptocurrencies legal tender that would be a simple no-no,” Gopinath … Read more

Queensland announces new quarantine rules for vaccinated people, as one new COVID case recorded

Queensland announces new quarantine rules for vaccinated people, as one new COVID case recorded

Queensland has announced new quarantine rules for fully vaccinated people, as the state records one new community case of COVID-19.Health Minister Yvette D’Ath said the new case was flagged as a potential positive on the Gold Coast yesterday, with the virus believed to have been transmitted through a casual contact at a Bunnings hardware store.Queensland … Read more

Hong Kong’s Unfriendly Crypto Rules Boost Rival Efforts To Attract Bitcoin Billionaires

Hong Kong’s Unfriendly Crypto Rules Boost Rival Efforts To Attract Bitcoin Billionaires

Regulatory uncertainty and travel restrictions are forcing the city’s crypto elites to shift their operations to more hospitable jurisdictions.  Sam Bankman-Fried’s time in Hong Kong was relatively brief, but incredibly lucrative. In the three years he spent in the city, the unabashed workaholic known for sleeping in his office established FTX, a crypto derivatives exchange … Read more

Sajid Javid says he does not know if Covid rules followed at No 10 ‘party’ | Sajid Javid

Sajid Javid has admitted having doubts about whether Covid rules were followed in Downing Street at an event last year alleged to have been a Christmas party.The health secretary said it was right the gathering was being looked into after Allegra Stratton, the prime minister’s then spokesperson, resigned for being caught, in leaked footage, joking … Read more

Top UK health officials call for stricter Covid isolation and testing rules | Coronavirus

Senior health officials have drawn up advice saying the UK should bring back stricter isolation and testing rules for contacts of Covid cases, amid concerns that triggering plan B is not enough to stop the spread of Omicron.Top officials at the UK Health and Security Agency (UKHSA) have given three different options to help contain … Read more

S.Korea’s COVID-19 rules put some vaccinated foreigners in limbo

S.Korea's COVID-19 rules put some vaccinated foreigners in limbo

A woman wearing a mask to prevent contracting the coronavirus disease (COVID-19) naps at the Incheon International Airport in Incheon, South Korea, November 30, 2021. REUTERS/Kim Hong-JiRegister now for FREE unlimited access to reuters.comRegisterSEOUL, Dec 6 (Reuters) – South Korea imposed stricter measures on Monday to contain growing coronavirus infections and the Omicron variant, leaving … Read more

New U.S. COVID-19 international travel testing rules take effect Monday

New U.S. COVID-19 international travel testing rules take effect Monday

WASHINGTON, Dec 2 (Reuters) – New rules requiring international air travelers arriving in the United States to obtain a negative COVID-19 test within one day of travel will take effect Monday at 12:01 a.m. ET (0501 GMT), according to an order issued late Thursday.Under current rules, vaccinated international air travelers can present a negative test … Read more

San Francisco Followed Covid Rules. Will Omicron Change the Playbook?

San Francisco Followed Covid Rules. Will Omicron Change the Playbook?

In the aftermath of the identification of the Omicron variant in the United States, President Biden extended a mask requirement on buses, trains and airplanes through mid-March and offered insurance reimbursement for at-home coronavirus tests, along with better access to those tests for people without insurance. Dr. Anthony S. Fauci, the president’s top medical adviser, … Read more

To fight Omicron, Biden to add travel rules, make at-home COVID tests free

To fight Omicron, Biden to add travel rules, make at-home COVID tests free

WASHINGTON, Dec 2 (Reuters) – U.S. President Joe Biden on Thursday will lay out his strategy to fight the Omicron and Delta coronavirus variants over the winter, including free and insurer-funded at-home COVID-19 testing and new requirements for international travelers.The U.S. government will require private health insurers to reimburse their 150 million customers for 100% … Read more

U.S. and other countries tighten travel rules over Omicron, EU urges vaccination

U.S. and other countries tighten travel rules over Omicron, EU urges vaccination

Air travellers to U.S. to face tougher COVID-19 testingEU says combating variant is a ‘race against time’Japan expands travel ban to some foreign residentsWHO warns against blanket travel bans over OmicronWASHINGTON/PARIS, Dec 1 (Reuters) – Air travellers to the United States will face tougher COVID-19 testing rules to try to slow the spread of the … Read more

How Crypto Exchanges are Morphing into NFT Marketplaces to Evade New Rules

How Crypto Exchanges are Morphing into NFT Marketplaces to Evade New Rules

For several months, my stand on cryptocurrencies, assets and exchanges has been that a comprehensive regulatory framework be built around the Central Bank Digital Currency (CBDC). The government has been listening and accepting most of the suggestions. The challenge of framing regulations for an amorphous sector is that it will evolve and emerge in a … Read more

Govt urged to assess impact of Covid rules on children

Govt urged to assess impact of Covid rules on children

The Ombudsman for Children has said that any new Covid-19 measures around children socialising must be appropriate and proportionate as the last 18 months have already been extremely stressful for them. He comments come as the Cabinet is to consider a proposal that would advise parents to reduce their children’s social interaction outside school. However, … Read more

No new COVID-19 cases in SA as tightened rules for interstate travellers begins

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South Australia has recorded no new cases today as it tightened its border rules again, less than a week after opening up to vaccinated travellers.Key points:SA recorded no new cases todayNew requirements have been introduced for interstate travellersSouth Australians travelling to WA must self-isolate for 14 daysNew rules for interstate arrivals were due to take effect … Read more

Queensland records no new COVID-19 cases, recent outbreaks ‘closed’ as Minister apologises for border rules confusion

Queensland Health Minister Yvette D'Ath

The threat from Queensland’s latest COVID scares has been declared over by authorities with the good news coming as the Health Minister apologised for confusion over border rules.The state has recorded no new community cases and there are just five active cases in the state.Acting Chief Health Officer Peter Aitken said it had been a “week of good … Read more

EU moves to place Covid booster jabs at heart of travel rules | European Union

People living in the European Union who want to travel around the bloc without being tested or going into quarantine should get a Covid booster jab nine months after their original vaccination, the European Commission has proposed.The EU’s executive body said there should be a standard nine-month acceptance period for vaccines across the bloc, in … Read more

Australian PM’s legislative agenda threatened by division over COVID vaccine rules

Australian PM's legislative agenda threatened by division over COVID vaccine rules

Australia’s Prime Minister Scott Morrison gestures as he makes a statement at the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain November 1, 2021. Alastair Grant/Pool via REUTERS/File PhotoRegister now for FREE unlimited access to reuters.comRegisterCANBERRA, Nov 23 (Reuters) – Australian Prime Minister Scott Morrison’s legislative agenda came under risk on Tuesday after a … Read more

Employee Crypto Trading Rules at Morgan Stanley, Goldman, JP Morgan

Employee Crypto Trading Rules at Morgan Stanley, Goldman, JP Morgan

Many banks have little oversight of crypto trading in employees’ personal accounts.  Goldman Sachs has some restrictions for employees who work with crypto futures products.  Here’s a look at personal trading policies for crypto at four top US banks.  Wall Street firms generally have detailed policies around what employees are allowed to invest in personally … Read more

Norway Tightens Entry Rules To Fight Winter Covid Surge

Norway Tightens Entry Rules To Fight Winter Covid Surge

Norway’s minister of health Ingvild Kjerkol announced the new coronavirus restrictions at a press … [+] conference in Oslo. Regjeringen The Norwegian government has decided to strengthen its border controls by reintroducing a testing requirement and forcing all arrivals to register, including Norwegian citizens. Norway’s new minister of health Ingvild Kjerkol said the tighter rules … Read more

N.B. COVID-19 roundup: Circuit breakers lifted, new household isolation rules provincewide

N.B. COVID-19 roundup: Circuit breakers lifted, new household isolation rules provincewide

The COVID-19 circuit breakers in the Moncton and Miramichi regions will be lifted Friday at 6 p.m., but new household isolation rules are being implemented provincewide to try to curb a recent spike in cases. When someone tests positive for COVID-19 everyone in their household must self-isolate regardless of their vaccination status, Premier Blaine Higgs announced Thursday. … Read more

Joyous families reunite at airports as COVID-19 border rules ease in Queensland

Joyous families reunite at airports as COVID-19 border rules ease in Queensland

Elated families have reunited across Queensland’s airports as COVID-19 restrictions ease in the state, but others waiting to drive across the border are still locked out and say they are at the “end of their tether”.Key points:Queensland’s borders opened for people flying from interstate COVID-19 hotspots todayReturning Queenslanders at Brisbane airport were happy but also frustrated … Read more

Here are the COVID lockdown rules in place for the next three days in Katherine and Greater Darwin

A country town main street, with a four-wheel drive in the foreground and palm trees.

Katherine has entered a three-day hard lockdown, and Greater Darwin has entered its first three-day lockout, after the Northern Territory recorded its first case of community COVID-19 transmission.An unvaccinated man in his 20s was confirmed as COVID-positive on Thursday evening.The snap lockdown, which started today, is due to lift at midnight on Sunday.During the announcement last night, NT … Read more

Federal contractors will have broad flexibility to enforce Covid vaccine rules

Federal contractors will have broad flexibility to enforce Covid vaccine rules

Pilots talk as they look at the tail of an American Airlines aircraft at Dallas-Ft Worth International Airport.Mike Stone | ReutersFederal contractors will have broad leeway to enforce President Joe Biden’s Covid-19 vaccine mandate, according to new guidance the White House released on Monday, laying out details on implementation of the rules.Under the new guidance, … Read more

BNY Mellon calls for Irish crypto rules

BNY Mellon calls for Irish crypto rules

BNY Mellon urged the Department of Finance to introduce regulations for crypto assets while new EU rules are being developed. he American bank recently set up a base for digital asset custodian services in Dublin for institutional clients investing into crypto assets. BNY Mellon met Minister of State Seán Fleming in May to make the case … Read more

UK government paves way to bring in tough ‘plan B’ Covid rules | Coronavirus

New evidence has emerged that the government is paving the way to implement “plan B” measures in England to combat the spread of Covid-19, amid warnings from health chiefs that a “vortex of pressures” is encircling the NHS.In the clearest sign to date that Whitehall is actively considering additional measures, the Observer has learnt that … Read more

A New HyperDeflationary Token Ready To Revolutionize The Crypto Industry With Its Unique Token Burn Rules

A New HyperDeflationary Token Ready To Revolutionize The Crypto Industry With Its Unique Token Burn Rules

Kingston upon Thames, United Kingdom–(Newsfile Corp. – October 21, 2021) – Burn-X is the latest in a long series of innovative HyperDeflationary tokens intended to excite investors with their unique characteristics. Burn-X is the next revolutionary HyperDeflationary token in the crypto market. Thanks to its lucrative smart contracts and high liquidity, it is presently the … Read more

Don’t subject stablecoins to new rules, crypto lobby tells U.S. regulators

Don't subject stablecoins to new rules, crypto lobby tells U.S. regulators

LONDON, Oct 18 (Reuters) – Asset-backed stablecoins do not pose a systemic risk to the U.S. financial system and should not face a new set of rules, a major cryptocurrency lobby group told U.S. regulators on Monday, as tighter oversight of the fast-growing technology looms.Stablecoins – digital tokens usually backed by reserves of dollars or … Read more

Life after COVID: EU re-thinks budget rules for new era

Life after COVID: EU re-thinks budget rules for new era

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves HermanStability and Growth Pact governs states’ borrowingPandemic debts and climate costs forcing rethinkDeep divisions remain over how loose rules should beBRUSSELS, Oct 18 (Reuters) – So often the source of rows between its members, the European Union starts reviewing … Read more

Tour Down Under’s 2022 race cancelled due to COVID-19 rules

Tour Down Under's 2022 race cancelled due to COVID-19 rules

The Australian Olympic Cycling team trains at the Anna Meares Velodrome, a potential venue for the Track Cycling event for the 2032 Olympic Games bid, in Brisbane, Australia, July 6, 2021. Picture taken July 6, 2021. REUTERS/Jaimi Joy/File PhotoSept 30 (Reuters) – The Tour Down Under in Australia, which was scheduled to take place in … Read more

U.S. retail industry seeks 90-day lead time on COVID-19 rules

U.S. retail industry seeks 90-day lead time on COVID-19 rules

A woman holds a small bottle labelled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in this illustration taken October 30, 2020. REUTERS/Dado Ruvic/File PhotoWASHINGTON, Sept 21 (Reuters) – Two major U.S. retail industry groups on Tuesday asked the Biden administration for at least 90 days before imposing new rules that will require … Read more