News list for " requirement"
On February 21, the Party Secretary of the Ministry of Finance and Minister Lan Foan mentioned in an article in the People's Daily that we should fully grasp the connotation requirements of a more active fiscal policy. We must grasp the general trend, strengthen our confidence, and take active actions. We must fully implement the decisions and arrangements of the Party Central Committee, implement a more active fiscal policy, continue to work hard and be more awesome, and play a good policy "com...
Nigerian authorities have sued cryptocurrency exchange Binance for more than $79 billion in financial losses and $2 billion in back taxes. The amount is almost 19 times the $4.30 billion fine Binance paid after pleading guilty to violating U.S. banking laws in 2023. The Nigerian tax authority, the Federal Revenue Service (FIRS), also claimed that Binance was operating illegally within the country, the report said.
According to Cryptoslate, Russian bitcoin miners are concerned about government regulations requiring wallet addresses to be included in the national register. Russian MP Anton Gorelkin highlighted these concerns in a Telegram post on February 7, warning that geopolitical rivals could take advantage of the leaked addresses. He described the scenario as follows: This is a significant threat as sanctions could seriously impact mining operations. According to him: "Russian miners are concerned that...
On January 24, according to Fox Business News: President Trump signed an executive order establishing the President's Digital Asset Markets Task Force to strengthen U.S. leadership in digital finance. The task force is tasked with developing a federal regulatory framework to govern digital assets, including stablecoins, and evaluating the creation of strategic national digital asset reserves.
The Brazilian Securities Commission (CVM) has issued a directive requiring Ukuchuma Financial Services LTD and IGM Forex LTD to stop soliciting clients in Brazil. The CVM said that the investigation found that the two companies did not have a license to operate in the securities market, so they should immediately stop operating. According to the CVM report, the companies are suspected of soliciting clients from Brazilian residents through the XPROMarkets brand and website to conduct securities t...
South Korea's Ministry of Personnel Management has asked all government entities to reassess the implementation of restrictions on cryptocurrency holdings by government officials. Agencies must review their compliance and submit reports by Jan. 31. The ministry specifically emphasized that not only institutions dealing with virtual asset policies, drafting and enforcing regulations, but also those involved in promoting economic and industrial policies may be subject to restrictions on access to ...
On January 1st, according to the Financial Times, although half of the banned ads remain online after regulators asked to remove illegal cryptocurrency ads, the UK's financial watchdog has yet to penalize any companies that fail to remove illegal cryptocurrency ads. According to data obtained through freedom of information requests, only 54% of the 1,702 alerts issued by the UK's Financial Conduct Authority between October 2023 and October 2024 resulted in illegal cryptocurrency ads, apps or web...
The US Internal Revenue Service (IRS) recently issued new regulations that require crypto platforms (including decentralized exchanges) to report digital asset transaction information, and stipulate that from 2027, platforms must disclose taxpayer information related to digital asset transactions and their sales revenue. In response, the Blockchain Association and the Texas Blockchain Association jointly sued the IRS, arguing that the rule violates the US Administrative Procedure Act and may hav...
In January 2025, Google's new advertising policy update will come into effect, requiring Google ads promoting digital asset exchanges and wallets in the UK to register with the country's financial services regulator. It said that from January 15, 2025, advertisers offering cryptocurrency exchange products and services in the UK will be allowed to advertise if they meet certain requirements. For cryptocurrency exchanges and software wallets, Google will allow them to advertise if the products are...
On December 4th, according to the "Nihon Keizai Shimbun" website reported on December 4th, the Japanese government has begun to coordinate and relax the visa application conditions for Chinese citizens to go to Japan, and some procedures will be simplified. According to the report, the Japanese Ministry of Foreign Affairs, the Ministry of Justice, and the relevant provinces and departments such as the Police Agency will hold consultations in the near future to finalize some new measures, includi...
