Global #new regulations

Texas, a state known for its pro-business stance and abundant energy resources, has taken a significant step to regulate the burgeoning Bitcoin mining industry.

Attention South African crypto holders! The South African Revenue Service (SARS) is now requiring you to declare your crypto assets under new regulations. This move aims to increase transparency and prevent tax evasion in the growing digital currency market.

In a bid to keep pace with global trends and cater to rising institutional interest, the Thai Securities and Exchange Commission (SEC) has proposed new regulations allowing mutual and private funds to invest in digital assets.

Taiwan’s Financial Supervisory Commission (FSC) is taking significant steps to strengthen its regulatory framework for cryptocurrency firms by drafting new anti-money laundering (AML) regulations.

The IRS has recently introduced new regulations aimed at streamlining the income tax return process for cryptocurrency investors. These updates, set to take effect in the fiscal year 2025, promise to enhance clarity and reduce the administrative burden associated with reporting digital asset transactions.