Category: Law of the Chain
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Crypto’s path to legitimacy runs through the CARF regulation
CARF regulation will require crypto platforms to track and report transactions globally by 2027, starting with the UK and EU. This shift aims to reduce tax evasion but challenges crypto’s privacy ethos.
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Bybit to Impose Additional 18% GST on Trading Fees for Indian Users from July 7 – Coinspeaker
Bybit will impose an 18% GST on trading fees for Indian users from July 7, adding to the existing 30% tax on profits and 1% TDS, raising concerns about stifling innovation.
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Hong Kong to Issue Tokenized Green Bonds Amid Growing Blockchain Integration – Coinspeaker
Hong Kong plans to issue its third tokenized green bond using blockchain technology, as part of efforts to modernize financial infrastructure and attract global investors. The initiative includes ETF stamp duty relief and a new stablecoin licensing framework.
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U.S. House of Representatives declares July 14th “Crypto Week”
The U.S. House declared July 14-20 as ‘Crypto Week’ to review three key bills: CLARITY Act, GENIUS Act, and Anti-CBDC Act, aiming to establish regulatory clarity and U.S. leadership in digital assets.
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Google Ordered To Pay $314,600,000 To Android Users After Allegedly Transferring Data Without Permission – Here’s Who Will Receive The Payout – The Daily Hodl
Google must pay $314.6 million to 14 million Android users in California for unauthorized data transfers. The jury ruled the transfers violated privacy laws, but Google plans to appeal.
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Russia goes after illegal miners with new registry for crypto mining rigs
Russia has created a registry for crypto mining equipment to track illegal miners, aiming to reduce electricity theft and enforce taxation. The move follows legalization of mining in 2024.
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Inside Job? How One Employee’s Alleged Betrayal Led to a $140 Million Central Bank Hack – Brave New Coin
A $140 million hack targeting Brazil’s Central Bank was allegedly facilitated by an insider selling login credentials for $2,700, highlighting vulnerabilities in centralized systems and insider threats.
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WLFI could soon be tradable! – Here’s what you NEED to know
WLFI proposes making its token tradable, shifting from a closed to open ecosystem. The move aligns with Trump’s growing crypto involvement, raising governance and political concerns.
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Crypto Gets ZERO From Trump’s Massive Bill, But Here’s Why Bitcoin Just Won Big Anyway – Brave New Coin
Trump’s $3.3 trillion bill excluded crypto provisions despite lobbying. Bitcoin may benefit as the spending could weaken the dollar, boosting its appeal as an inflation hedge. Senator Lummis plans new crypto tax reforms.
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Hong Kong To Launch Third Tokenized Bond with ETF Stamp Duty Relief
Hong Kong plans to issue its third tokenized green bond and introduce ETF stamp duty relief, advancing its digital asset strategy. The move includes regulatory frameworks for stablecoins and asset tokenization.
