Brazil with New Regulations Requirements for Crypto Exchanges to Report on User Transactions

Brazil’s federal revenue agency has released new rules for crypto trading platforms. Under the new guidelines, crypto exchanges are required to report on all crypto transactions carried out within their system. The new rules were released by the Department of Federal Revenue of Brazil (RFB) and will affect the way cryptocurrency exchanges inform the regulator about users’ transactions in order to...

Italian Government With New Plan on Taxing Savings in Held in Bank Safes

The Deputy Prime Minister of Italy has proposed a new tax on cash and other valuables stored in bank safes by the country’s citizens. If made into a law, the measure could mark a move towards Bitcoin and other cryptocurrencies as a way to keep the government out of citizens’ safe boxes. This proposal came amidst rising geopolitical tensions...

Bakkt Continue to Work Alongside CFTC to Launch Bitcoin Futures

The cryptocurrency community has been waiting with bated breath in recent months, for news concerning the highly anticipated launch of Bakkt, a cryptocurrency trading and storage platform with plans to offer Bitcoin futures, settled in Bitcoin itself. It is expected that the futures contracts, which will be institutional grade offerings, will generate a large...