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UK to Mandate Crypto Transaction Reporting by 2026 The United Kingdom will require cryptocurrency companies to collect and report detailed information on every customer trade and transfer starting January 1, 2026, as part of an effort to enhance crypto tax transparency and compliance. New Requirements for Crypto Firms According to a May 14 announcement by HM Revenue and Customs (HMRC), crypto firms must report users’ full names, home addresses, tax identification numbers, the type of crypt... Coinatory cryptocurrency news

SEC Crypto Custody Roundtable Set to Tackle Key Gaps The U.S. Securities and Exchange Commission (SEC) will convene its second crypto policy roundtable on Friday, with a concentrated focus on the evolving landscape of crypto asset custody and related regulatory shortfalls. This session marks the latest installment in a four-part series spearheaded by the SEC’s Crypto Task Force, established to solicit expert input and chart a cohesive policy direction for digital asset oversight. Newly app... Coinatory crypto news

Brazil's Regulatory Approach to Stablecoins May Hinder Financial Innovation Latin America is now a hub for the development of digital assets due to the rise of stablecoin acceptance throughout the continent. This trend has gained traction in Brazil, where the biggest bank in the country, Itaú Unibanco, is apparently considering issuing its own stablecoin. However, regulatory ambiguity still obstructs growth in spite of this institutional interest. Itaú claims that the project is halted until a proper regulatory ... cryptonews today

Japan Plans to Reclassify Cryptocurrencies as Financial Products by 2026 Japan's Financial Services Agency (FSA) is preparing to reclassify cryptocurrencies as financial products, aiming to enhance regulatory oversight and address issues such as insider trading within the digital asset market. This initiative involves amending the Financial Instruments and Exchange Act, with the FSA planning to present the proposed legislation to Japan's parliament as early as 2026. Currently, cryptocurrencies in Japan are ca... cryptocurrency news Coinatory

Australia Unveils Crypto Regulation Plan Ahead of Tight Election Australia’s federal government, led by Prime Minister Anthony Albanese's center-left Labor Party, has announced a proposed regulatory framework that would bring cryptocurrency exchanges under the purview of existing financial services legislation. This initiative, timed ahead of a tightly contested national election expected by May 17, aims to formalize oversight of digital asset platforms and tackle the issue of debanking. The Australia... cryptonews today

SEC Tightens Oversight on Investigations Under New Leadership The U.S. Securities and Exchange Commission (SEC) now requires its enforcement staff to obtain high-level approval before initiating formal investigations, according to sources cited by Reuters. This policy shift, implemented under the SEC’s new leadership, mandates that politically appointed commissioners must authorize subpoenas, document requests, and testimony compulsion—marking a significant departure from prior procedures. SEC Over... cryptonews

Jordan Moves to Establish Comprehensive Digital Asset Regulatory Framework The Jordanian government has approved an initiative to create a comprehensive regulatory framework for digital assets, aligning with global standards and fostering a robust digital economy. Jordan Securities Commission to Oversee Crypto Regulations The Jordan Securities Commission (JSC) has been directed to develop legal and technical guidelines for licensing and regulating global trading platforms operating within the country. Th... Coinatory

Upbit Faces Suspension in South Korea According to reports, Upbit, the biggest cryptocurrency exchange in South Korea, has been fined by the Financial Intelligence Unit (FIU) for allegedly breaking anti-money laundering (AML) laws, namely failing to comply with know-your-customer (KYC) standards. According to the Maeil corporate Newspaper, the punishment was revealed on January 9 and calls for Upbit to suspend specific corporate operations while additional investigation is conducte... Coinatory cryptocurrencies news

South Korea Nears Approval for Corporate Crypto Investments The Financial Services Commission (FSC) of South Korea is indicating a major regulatory change in the country's digital asset environment by taking gradual steps to authorize cryptocurrency investments for institutional investors. The FSC intends to permit corporate cryptocurrency trading by permitting the issuance of real-name corporate trading accounts, according to a January 8 Yonhap News article. This project is in line with the FSC'... cryptonews today

China Highlights Digital Asset Rules in 2024 Stability Report The People’s Bank of China (PBOC), the nation’s central bank, emphasized global efforts to regulate digital assets in its 2024 Financial Stability Report, published on December 27. The report also spotlighted Hong Kong’s initiatives to establish itself as a leader in digital asset regulation with its licensing regime. Global Digital Asset Regulation Trends In the report, the PBOC detailed global regulatory developments, noting tha... cryptonews today

China Tightens Crypto Rules with Stricter Forex Oversight Strict regulations have been put in place by the Chinese foreign exchange regulator, mandating that domestic banks keep an eye on and report high-risk cryptocurrency foreign exchange transactions. The action, which was announced by the South China Morning Post on December 31, is part of mainland China's ongoing crackdown on digital assets. Risky forex transactions are the focus of new regulations. The new framework requires banks ... Coinatory

Morocco Advances Toward Legal Framework for Crypto Assets Abdellatif Jouahri, governor of Bank Al-Maghrib (BAM), Morocco's central bank, indicated that the government is getting close to adopting a legislative framework to control cryptocurrency assets. This regulatory milestone seeks to reduce the risks connected with cryptocurrency while promoting financial innovation. Jouahri stressed that the framework is in line with G20 recommendations and represents a balanced strategy that combines innovation... Coinatory cryptonews

Legal Status of Digital Assets in China Clarified Owning digital assets is not illegal under Chinese law for individuals, but restrictions remain for enterprises, a Shanghai judge has affirmed. Sun Jie, a judge at Shanghai’s Songjiang People’s Court, issued a statement on the court's official WeChat account, clarifying that individual cryptocurrency ownership is not prohibited by Chinese law. However, she emphasized that enterprises are barred from investing in digital assets or issuing toke... crypto news

Cathie Wood Says SEC Shakeup Could Ignite U.S. Economic Growth ARK Invest CEO Cathie Wood anticipates that significant shifts in U.S. regulatory agencies, particularly the Securities and Exchange Commission (SEC), could spark a wave of economic growth and unleash innovation across emerging technology sectors. Wood, known for her forward-thinking stance on tech and disruptive innovation, shared her thoughts in a video posted by ARK Invest on November 11, suggesting that "defanging the SEC, FTC, and other age... cryptonews today

Hong Kong to Greenlight More Crypto Exchange Licenses by Year-End Hong Kong's Securities and Futures Commission (SFC) announced plans to authorize additional cryptocurrency exchange licenses before the year ends, emphasizing strict compliance standards. The regulatory body issued a licensing framework requiring exchanges to meet benchmarks on anti-money laundering (AML) measures, investor protections, and secure asset custody. Following an extensive five-month inspection, the SFC noted that some digital ass... Coinatory

SEC Urge Supreme Court to Back Nvidia Crypto Sales Suit In a significant development for securities law, the U.S. Justice Department (DOJ) and the Securities and Exchange Commission (SEC) have jointly urged the Supreme Court to revive a class-action lawsuit against Nvidia, claiming the tech giant misled investors about its sales to cryptocurrency miners. Filed on October 2, the amicus brief from U.S. Solicitor General Elizabeth Prelogar and SEC senior attorney Theodore Weiman supports investors' clai... Coinatory cryptocurrency news

South Korea Tightens Crypto Governance with Legal Amendment Targeting Insider Trading In a decisive step toward enhancing cryptocurrency governance, Democratic Party lawmaker Kim Young-hwan has introduced an amendment to South Korea's Improper Solicitation and Graft Act aimed at combating insider trading and bribery involving virtual assets. The proposed amendment seeks to broaden the definition of “improper solicitation” to encompass virtual assets and the exchange of insider information. This legal update is part of South Ko... crypto news