News list for " Regulations"
On January 12, the Russian Central Bank has introduced regulations to regulate foreign exchange operations involving digital rights. According to Russian law, digital rights include electronic records such as cryptocurrencies, tokenized securities, and digital tokens. These rights represent claims or obligations related to assets or services. The new decree, which will come into force on January 11, outlines the obligations of residents engaged in such transactions and aims to clearly define and...
Russia has previously announced that it has advanced legislation to set the issuance date of the digital ruble as July 1, 2025, but representatives of Sberbank have called for a delay in the issuance of the digital ruble because the relevant central bank digital currency (CBDC) platform is still under development. It is reported that Sberbank's deposit market share accounts for about 45% of the entire Russia. If the bank is not ready, it may affect the issuance of the digital ruble.
On January 10th, the draft proposes that the online information content service platform shall establish a hierarchical management system according to the indicators such as the compliance of MCN institutions, the number of its accounts and the total number of fans, and take corresponding management measures to prevent information content risks. The online information content service platform shall display the name of the network information content multi-channel distribution service organizatio...
According to Hong Kong media Hong Kong 01, Hong Kong's "Employment Ordinance" stipulates that wages need to be paid in the form of money, and cryptocurrency is not legal tender, so employers may violate the law by paying wages in bitcoin. There is no big legal problem for technology companies to use bitcoin as a profit or reward, but even if employees continue to receive...
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...
The UK government plans to publish comprehensive cryptocurrency regulations as early as next year to reassure cryptocurrency businesses about their future in the country.
November 23rd news, recently, from the brokerage investment bankers to verify that the China Securities Association to the securities companies on the "securities company sponsor business continuous supervision work guidelines" to solicit opinions, requiring feedback before December 3rd Suggestions. The drafting of the "Guidelines" is mainly clear three aspects, one is to formulate a more sound sponsor business continuous supervision practice norms, to form a unified and clear practice standards...
Russia's comprehensive cryptocurrency mining regulations went into effect on November 1, reforming the industry with strict energy caps, mandatory registration, and strict supervision. The law officially defines mining as a legal activity in Russia, specifies safety and operational requirements for miners, and creates structures for trading digital financial assets on specially approved platforms. The framework is designed to provide clarity and supervision for Russia's growing cryptocurrency in...
According to the Russian newspaper Kommersant, citing government regulations, the Russian government has reduced the proportion of forced foreign exchange sales by exporters in the domestic market from 50% to 25%.
Amendments to the United Arab Emirates' Value Added Tax (VAT) regulations will exempt the transfer and conversion of virtual assets, including cryptocurrencies. PwC said the new regulations include VAT exemptions for additional services, including managing investment funds and transferring and converting virtual assets.
In accordance with the "Futures and Derivatives Law of the People's Republic of China", "Regulations on the Administration of Futures Trading", "Measures for the Administration of Futures Exchanges" and other relevant laws, regulations and rules, we plan to formulate the "Dalian Commodity Exchange Log Futures Contract (exposure draft) ", "Dalian Commodity Exchange Log Futures Options Contract (exposure draft) " and "Dalian Commodity Exchange Log Futures Business Rules (exposure draft) ", and ame...
Securities Supervision Commission: According to the "Securities Law of the People's Republic of China", all business income of PwC during the period involved in the case was confiscated 27.74 million yuan, and a maximum fine of 297 million yuan was imposed, with a total fine of 325 million yuan.
The Regulations of Shanghai Municipality on Promoting the Construction of an International Financial Center were revised and adopted at the 15th meeting of the Standing Committee of the 16th Shanghai Municipal People's Congress on August 22, 2024, and came into force on October 1, 2024. The Regulations state that the Shanghai Municipal People's Government shall cooperate with the central financial management department to steadily promote the development and application of digital RMB in this ci...
On August 26, the WeChat official account of the Chinese Coast Guard released that on August 26, without the permission of the Chinese government, the Philippines sent coast guard ships No. 4409 and No. 4411 to illegally storm the waters near Xianbin Reef in the Nansha Islands of China, continuing to approach the Chinese coast guard ships with normal navigation dangerously and inciting hype.
The full text of the newly revised "Regulations on Promoting the Construction of an International Financial Center in Shanghai" has been released, which states that the Shanghai Municipal People's Government should cooperate with the central financial management department to steadily promote the development and application of digital RMB in this city, build functional platforms such as digital RMB innovation and operation centers, facilitate the cross-border use of digital RMB, study applicatio...
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