According to a supplement to the 2024 annual budget, Canada expects to apply the international Crypto-Asset Reporting Framework (CARF) for taxation by 2026. The country is getting an early start on the new standard, which is expected to be observed by 47 countries by 2027.
Starting this year, almost 6,000 South Korean officials will be obliged to publicly disclose their crypto holdings. The country’s Ministry of Personnel Management said on Dec. 27 2023 that information about government officials’ private holdings of crypto assets will be included in the Public Official Ethics System
The county of Santa Cruz in Northern California is one of the latest to adopt and implement blockchain-based solutions on a governmental level
Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake” identity crisis.
Thailand's Securities and Exchange Commission has issued regulations for crypto custody providers to establish a digital wallet-management system to ensure the safety of customers' assets, according to a press release on Tuesday
Terrorist groups who have been excluded from the “formal financial system” are slowly turning to crypto to fund their heinous activities, according to Svetlana Martynova, the Countering Financing of Terrorism Coordinator at the United Nations (UN).
Members of the United Kingdom’s House of Lords have introduced legislation aimed at eliminating the need for paper trade documents, increasing the likelihood of using blockchain technology to trace records.
The survey revealed that inadequate funding is the foremost challenge of start-ups in Africa today, followed by existing misconceptions/myths around blockchain and regulatory challenges to guide its implementation.
The Swedish central bank’s digital currency project, a proposed CBDC, known as the e-krona has successfully finished its second phase of trials. According to Riksbank, the nation's central bank, the asset is now technically ready to be integrated into banking networks and facilitate transactions.
According to the details shared by the Bank of England, the twelve-month research project will explore potential challenges, opportunities, and risks associated with the designing of a central bank digital currency system. For the research, BOE will work with the Digital Currency Initiative (DCI) team in the Media Lab of the Massachusetts Institute of Technology.
