Australia Seeks Licensing of Crypto Exchanges Via Digital Services Act
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The Australian Government has announced its Digital Services Act that seeks to regulate the budding crypto industry The proposed legislation is a consolidation of reforms set forth in a final report…
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Australia’s financial regulator, the Australian Securities and Investments Commission (ASIC), has announced plans to appeal a recent court ruling that favored fintech firm Block Earner, seeking clarity on the definition of financial products as it pertains to crypto-linked services. The move could set a major precedent for how digital asset-related…
Show AI SummaryProposed legislation seeks to modernize digital asset tax framework, reducing complexity for investors and businesses.The PARITY Act aims to eliminate administrative tax traps and compliance loopholes, promoting fairness in crypto markets.Regulated stablecoins may receive tax treatment similar to cash transactions, simplifying compliance for users and merchants. A bipartisan…
The United States House of Representatives has announced that the period beginning July 14 will mark “Crypto Week.” During this time, lawmakers plan to review three digital asset bills: the CLARITY Act, the Anti-CBDC Act, and the GENIUS Act. The Proposed Legislation House Financial Services Committee Chair French Hill, House…