Ukraine taxpayers will now have to report cryptocurrencies LeapRate

March 04, 2020 BY Steffy Bogdanova

Ukraine taxpayers will now have to report cryptocurrencies

Ukraine’s revenue agency has published guidance for taxpayers to report their digital assets holdings as intangible property, similar to intellectual property or licenses for natural resources extraction. Cryptocurrency is indicated in the guidance in accordance with the Financial Action Task Force (FATF)'s definition – as a virtual unit with value that can be traded and…

November 22, 2019 BY Valentina Kirilova

CipherTrace conference sheds light on FATF ‘Travel Rule’ for user info

As we have reported on several previous occasions, the regulatory establishment and government officials want to dismantle the anonymity privileges that various blockchains provide for crooks, money launderers, and those intent on funding terrorist operations. The “noose”, orchestrated by this group, is slowly tightening around the neck of the crypto community. The previous G20 meeting…

October 16, 2019 BY Valentina Kirilova

Crypto exchanges struggling with FATF AML regulations – 8 months to go

When the G20 approved the recommendations of the Financial Action Task Force (FATF) back in late June, the group imposed a one-year deadline for local regulators to adopt new rules and regulations regarding implementation and compliance. The rules themselves have no explicit penalty provisions, but crypto exchanges are already four months into the process and…

Binance seeks to curb SEC’s hunt for “fraud”

October 09, 2019 BY Valentina Kirilova

Binance moves to comply with FATF rules by collaborating with Coinfirm

Binance, the world’s largest crypto exchange by volume, is back in the news again, but not to announce a new product line or special feature for its global client base. This time around, the company is proud to proclaim that it will lead the industry in its efforts to comply with the stringent proposals of…

July 02, 2019 BY Valentina Kirilova

V20 Summit provides “a global unified voice for the virtual asset industry”

G20 attendees may be returning home from their trips to Osaka, Japan, but crypto executives while there were also successful in that their hastily arranged “V20 Summit”. It was successful in creating a platform and focal point for discussions with government officials and regulators going forward. The well-attended conference had speakers from both sides of…

June 13, 2019 BY Valentina Kirilova

Daily Market News: June rally is back on

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 13, 2019. The text below is an excerpt and does not contain the full analysis. Going from local to global has been the norm throughout history but crypto has changed that in a very…

Tag: FATF