RegulationsMagnus Sandqvist

Countdown to Registration Deadline for Crypto Exchanges in Australia
Regulations
Countdown to Registration Deadline for Crypto Exchanges in Australia
“Effective immediately, digital currency exchanges with a business operation located in Australia must now register with AUSTRAC and meet the Government’s AML/CTF compliance and reporting obligations,” the Financial Intelligence Agency of Australia warned yesterday, giving Australian cryptocurrency exchanges six weeks to register themselves. As of April 3rd, changes in Australian anti-money laundering legislation have meant cryptocurrency exchanges now fall under its jurisdiction. The Australian Transaction Reports and Analysis Centre (AUSTRAC)…
Three Korean Banks to be Inspected Over Compliance with New Crypto Regulation
Regulations
Three Korean Banks to be Inspected Over Compliance with New Crypto Regulation
 The Financial Services Commission (FSC) of South Korea has announced its plans to investigate how three domestic banks – NongHyup, KB Kookmin and KEB Hana are complying with the new anti-anonymity regulations, introduced at the end of January. NongHyup has come under particular scrutiny as it is the main partner for two of the biggest crypto exchanges in Korea – Coinone and Bithumb. According to an official statement, the on-site…
Is Poland becoming a Crypto-Authoritarian Country?
Regulations
Is Poland Becoming a Crypto-Authoritarian Country?
 For a long time, polish people were nervously waiting for their government’s official stance regarding cryptocurrency taxation, and after a long wait it came out. And do not laugh, because the following fact might sound ridiculous, but it is also true: some people, who trade cryptocurrencies, may have to pay more than 100% in taxes. Poland government has released their stance regarding cryptocurrencies‘ taxation to the public and firstly it…
Crypto Buyer Identities Sought by Spanish Tax Authorities
Regulations
Crypto Buyer Identities Sought by Spanish Tax Authorities
 According to sources, closely monitoring the situation, Spain‘s National Tax Agency has requested to turn over information, such as names and trading data from numerous companies, which include banks, securities firms and currency exchange platforms. In total, authorities contacted more than 60 companies, most of which were merchants, accepting digital currency payments. The officials state that such measures were undertaken in investigating potential tax evasion and money laundering, using cryptocurrencies.…