Turkey’s Crypto Assets Bill in Parliament – What Awaits Us?
Turkey is about to enact its much-anticipated crypto law, but will this be enough to satisfy the sector’s concerns and get the country off of the FATF’s grey list? E. Mümtaz Hacıpaşaoğlu & Alp Mete Şirin The increasing importance of crypto assets globally has prompted Turkey to take action. The long-awaited “Crypto Assets Law” has […]
Portugal Crypto News—Every rejection is a redirection –or is it?
In the current framework, only the crypto that is used as a medium of payment in exchange for the performance of professional activities is being taxed in Portugal.1Apart from that, Portugal applies zero tax on crypto gains now, although, in principle, it applies a ratio of 28% of the tax for the capital gains due […]
From Emirates Airlines News to the Bigger Picture of “Blockchain for Aviation”
In April 2022, Emirates Airlines, one of the world’s largest airlines, introduced its plan backed with spending tens of millions of dollars on a strategy to extend its services to the metaverse and to develop collectible and utility-based NFTs.1 Recently, the Chief Operating Officer (“COO”) of Emirates, Adel Ahmed Al-Redha, has revealed that they are […]
Portugal: First Crypto License to a Bank
As known as a crypto investment heaven because of its taxation advantages, Portugal continues to provide incentives for its citizens and businesses. Several payment firms, crypto exchanges, and financial institutions are granted a license to provide services in this industry. On March 14, Banco de Portugal, the Central Bank of Portugal, announced that Bison Bank, […]
Singapore Crypto News: Change of Plans Alert
Singapore has adopted a relatively neutral approach regarding the operations of crypto firms until 2022. This policy and the contribution of significant financial actors such as DBS Bank enabled Singapore to become a ‘crypto hub’ for the industry.1The strictly conservative manner adopted in China has also led Singapore to be one of the best options […]
European Union: New Strict Rules on Cryptocurrencies
The European Union (the “EU”) has always been strict about tracing money flow and regulating anti-money laundering, terrorist financing, and other crimes. Undoubtedly, it also aims to control cryptocurrency activities, which has been a grey area within different jurisdictions. Although it was argued that the EU would ban cryptocurrencies that are proof of work-based last […]
Argentine Crypto News: IMF’s Approval Has Landed
In our last Argentine News, we have covered the Argentine Government’s application for Extended Fund Facility and its current and possible impactions on crypto companies operating in the Argentine regional market. And now here we are to provide more on the issue following the IMF’s approval. On March 25, 2022, International Monetary Fund (“IMF”) has carried […]
Argentine Crypto News: Are Growth and Resilience Feasible Without Crypto In 2022?
Due to the upcoming default dates of Argentina’s debts to the International Money Fund (“IMF”) last week, the Argentine government voted positive on an IMF Program (the “Program”) called Extended Fund Facility (“EFF”) Arrangement on March 17, 2022. (1) The program seems to hold colossal importance to be a milestone in Argentina’s crypto history since […]