IRS Seeks Stakeholder Input on New Crypto Reporting Regulations

by Александр Пирогов | Dec 11, 2023 | Blog News

The IRS is actively seeking input from stakeholders on proposed cryptocurrency tax reporting measures until January 25, 2024. These regulations are part of the American Families Plan Act of 2023 and will target brokers and intermediaries in the crypto business. If...

Indian Government Supports Web3 Startups, Establishes Blockchain CoE

by Александр Пирогов | Dec 11, 2023 | Blog News

The Indian government has expressed its support for startups innovating in the Web3 sector, including those focused on blockchain technology. The Minister of Electronics and Information Technology, Rajeev Chandrasekhar, mentioned the government’s commitment to...

Armenian Cultural Heritage Digitized Using Solana Blockchain and NFTs

by Александр Пирогов | Dec 11, 2023 | Blog News

The Realm of Historia project has announced plans to use blockchain technology and Non fungible tokens (NFTs) to preserve Armenian cultural heritage. The initiative, starting with the digital asset collection “Realm of Historia: Carahunge X,” aims to...

Kazakhstan Blocks Nearly 1,000 Illegal Crypto Exchanges in 2023

by Александр Пирогов | Dec 11, 2023 | Blog News

In 2023, Kazakhstan’s Financial Monitoring Agency (FMA) took action against nearly a thousand illegal crypto exchanges operating in the country without proper registration. The FMA blocked access to 980 platforms, launched nine investigations into “illegal...

Crypto AML Provisions Dropped from US Defense Bill

by Александр Пирогов | Dec 11, 2023 | Blog News

Two cryptocurrency-related provisions addressing anti-money laundering concerns have been removed from the joint version of the National Defense Authorization Act (NDAA), a crucial military-funding bill in the U.S. The provisions aimed to establish an anti-money...

UK Antitrust Regulator May Investigate Microsoft’s OpenAI Collaboration

by Александр Пирогов | Dec 11, 2023 | Blog News

The UK’s antitrust regulator is considering launching a merger investigation into Microsoft’s collaboration with OpenAI, worth several billion dollars. This follows OpenAI’s disclosure that Microsoft would hold a non-voting board seat. The...