In our “Regulation” section, we cover laws, policies, and regulatory decisions affecting cryptocurrencies and blockchain technologies worldwide. Here you will find updates on government actions, compliance requirements, and legal frameworks shaping the crypto market. Read the “Regulation” section on ForkNews to stay informed about how regulation impacts the digital asset industry.
The country's Special Tax Inspectorate (STI) has opened three cases of non-payment of taxes by citizens. Under Belgian law, citizens are required to pay a 33% tax on profits from cryptocurrency activities, and said profits must be declared as “other income” on their tax return.
Next month, it is planned to create a self-regulatory body for cryptocurrency trading. Two trade groups representing 16 registered exchanges have agreed to create a new organization that will work with the Japan Financial Services Agency to set investor safety standards. She will also develop the basic principles of ICO activities.
The rapid rise in Bitcoin's price and popularity in late 2017 appears to correspond neatly with the rise in scrutiny and scrutiny by governments in early 2018.
Local news agency Vzglyad reports that plans to regulate Bitcoin will be published after the Blockchain Master Center begins operations in September this year.
The US Securities and Exchange Commission (SEC) has issued numerous subpoenas against ICOs seeking violations of securities laws. Meanwhile, some companies have applied for ICO permits under Regulation A+.
US regulators are investigating tZero's $250 million ICO for possible violations of federal securities laws.
Chinese police are reportedly expanding their internet monitoring to include international cryptocurrency-related activities.
After a large number of requests at the official level, the Commodity Futures Trading Commission decided to lift the ban on investing in cryptocurrencies for its employees, writes Bloomberg.
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