While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n
To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n
Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n
While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n
To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n
Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n
While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n
To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n
Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
<\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
This system reduces the reporting burden on crypto providers, as they only need to report to the tax authority in their country of registration rather than each member state.<\/p>\n\n\n\n See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Under the upcoming legislation, which is based on the European DAC8 directive, crypto providers will play a crucial role in ensuring greater transparency. They will be required to report user data to the relevant tax authorities, who will, in turn, exchange this information across EU member states.<\/p>\n\n\n\n This system reduces the reporting burden on crypto providers, as they only need to report to the tax authority in their country of registration rather than each member state.<\/p>\n\n\n\n See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Just like traditional forms of capital, bank accounts, stocks, or bonds, cryptos are subject to taxation. However, the existing framework hasn\u2019t fully kept up with this market. As a result, many tax authorities still lack a clear view of crypto holdings, creating an uneven playing field in the financial system.<\/p>\n\n\n\n Under the upcoming legislation, which is based on the European DAC8 directive, crypto providers will play a crucial role in ensuring greater transparency. They will be required to report user data to the relevant tax authorities, who will, in turn, exchange this information across EU member states.<\/p>\n\n\n\n This system reduces the reporting burden on crypto providers, as they only need to report to the tax authority in their country of registration rather than each member state.<\/p>\n\n\n\n See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
This step aims to close the loopholes that have allowed tax evasion and avoidance in the fast-growing crypto market. The rise of cryptocurrencies has introduced a new challenge for tax authorities across the EU.<\/p>\n\n\n\n Just like traditional forms of capital, bank accounts, stocks, or bonds, cryptos are subject to taxation. However, the existing framework hasn\u2019t fully kept up with this market. As a result, many tax authorities still lack a clear view of crypto holdings, creating an uneven playing field in the financial system.<\/p>\n\n\n\n Under the upcoming legislation, which is based on the European DAC8 directive, crypto providers will play a crucial role in ensuring greater transparency. They will be required to report user data to the relevant tax authorities, who will, in turn, exchange this information across EU member states.<\/p>\n\n\n\n This system reduces the reporting burden on crypto providers, as they only need to report to the tax authority in their country of registration rather than each member state.<\/p>\n\n\n\n See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency service providers in the European Union (EU) will soon face new obligations that aim to bring more transparency to the sector. Beginning January 1, 2026, these providers will be required to collect, verify, and report data about their users to national tax authorities, the Netherlands Ministry of Finance reported<\/a>.<\/p>\n\n\n\n This step aims to close the loopholes that have allowed tax evasion and avoidance in the fast-growing crypto market. The rise of cryptocurrencies has introduced a new challenge for tax authorities across the EU.<\/p>\n\n\n\n Just like traditional forms of capital, bank accounts, stocks, or bonds, cryptos are subject to taxation. However, the existing framework hasn\u2019t fully kept up with this market. As a result, many tax authorities still lack a clear view of crypto holdings, creating an uneven playing field in the financial system.<\/p>\n\n\n\n Under the upcoming legislation, which is based on the European DAC8 directive, crypto providers will play a crucial role in ensuring greater transparency. They will be required to report user data to the relevant tax authorities, who will, in turn, exchange this information across EU member states.<\/p>\n\n\n\n This system reduces the reporting burden on crypto providers, as they only need to report to the tax authority in their country of registration rather than each member state.<\/p>\n\n\n\n See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency service providers in the European Union (EU) will soon face new obligations that aim to bring more transparency to the sector. Beginning January 1, 2026, these providers will be required to collect, verify, and report data about their users to national tax authorities, the Netherlands Ministry of Finance reported<\/a>.<\/p>\n\n\n\n This step aims to close the loopholes that have allowed tax evasion and avoidance in the fast-growing crypto market. The rise of cryptocurrencies has introduced a new challenge for tax authorities across the EU.<\/p>\n\n\n\n Just like traditional forms of capital, bank accounts, stocks, or bonds, cryptos are subject to taxation. However, the existing framework hasn\u2019t fully kept up with this market. As a result, many tax authorities still lack a clear view of crypto holdings, creating an uneven playing field in the financial system.<\/p>\n\n\n\n Under the upcoming legislation, which is based on the European DAC8 directive, crypto providers will play a crucial role in ensuring greater transparency. They will be required to report user data to the relevant tax authorities, who will, in turn, exchange this information across EU member states.<\/p>\n\n\n\n This system reduces the reporting burden on crypto providers, as they only need to report to the tax authority in their country of registration rather than each member state.<\/p>\n\n\n\n See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency service providers in the European Union (EU) will soon face new obligations that aim to bring more transparency to the sector. Beginning January 1, 2026, these providers will be required to collect, verify, and report data about their users to national tax authorities, the Netherlands Ministry of Finance reported<\/a>.<\/p>\n\n\n\n This step aims to close the loopholes that have allowed tax evasion and avoidance in the fast-growing crypto market. The rise of cryptocurrencies has introduced a new challenge for tax authorities across the EU.<\/p>\n\n\n\n Just like traditional forms of capital, bank accounts, stocks, or bonds, cryptos are subject to taxation. However, the existing framework hasn\u2019t fully kept up with this market. As a result, many tax authorities still lack a clear view of crypto holdings, creating an uneven playing field in the financial system.<\/p>\n\n\n\n Under the upcoming legislation, which is based on the European DAC8 directive, crypto providers will play a crucial role in ensuring greater transparency. They will be required to report user data to the relevant tax authorities, who will, in turn, exchange this information across EU member states.<\/p>\n\n\n\n This system reduces the reporting burden on crypto providers, as they only need to report to the tax authority in their country of registration rather than each member state.<\/p>\n\n\n\n See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\n See Related: <\/em><\/strong>Binance Italy's Registration Has Been Approved<\/a><\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n While Bybit has successfully solidified its position in Argentina, it faces regulatory hurdles in other markets. The company halted operations in France at the beginning of August after being listed on the French financial regulator\u2019s blacklist for unregistered operators. Similarly, Bybit withdrew from Canada in May 2023 due to new regulatory requirements.<\/p>\n\n\n\n To address this growing trend, Argentina\u2019s government passed legislation in July that introduces tax amnesty for up to $100,000, including registered crypto assets. The General Inspectorate of Justice also approved the use of cryptocurrency in registered capital, further integrating digital assets into the country\u2019s financial system.<\/p>\n\n\n\n Despite these advances, regulatory pressure remains. The FATF has scrutinized Argentina, prompting the government to implement measures to regulate the crypto market more effectively. Bybit\u2019s VASP registration is a direct result of these regulatory efforts, positioning the exchange to navigate Argentina\u2019s evolving financial landscape successfully.<\/p>\n","post_title":"Argentina Approves Bybit\u2019s VASP Registration As Country Tightens Crypto Laws","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"argentina-approves-bybits-vasp-registration-as-country-tightens-crypto-laws","to_ping":"","pinged":"","post_modified":"2024-08-19 18:08:32","post_modified_gmt":"2024-08-19 08:08:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18272","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Cryptocurrency service providers in the European Union (EU) will soon face new obligations that aim to bring more transparency to the sector. Beginning January 1, 2026, these providers will be required to collect, verify, and report data about their users to national tax authorities, the Netherlands Ministry of Finance reported<\/a>.<\/p>\n\n\n\n This step aims to close the loopholes that have allowed tax evasion and avoidance in the fast-growing crypto market. The rise of cryptocurrencies has introduced a new challenge for tax authorities across the EU.<\/p>\n\n\n\n Just like traditional forms of capital, bank accounts, stocks, or bonds, cryptos are subject to taxation. However, the existing framework hasn\u2019t fully kept up with this market. As a result, many tax authorities still lack a clear view of crypto holdings, creating an uneven playing field in the financial system.<\/p>\n\n\n\n Under the upcoming legislation, which is based on the European DAC8 directive, crypto providers will play a crucial role in ensuring greater transparency. They will be required to report user data to the relevant tax authorities, who will, in turn, exchange this information across EU member states.<\/p>\n\n\n\n This system reduces the reporting burden on crypto providers, as they only need to report to the tax authority in their country of registration rather than each member state.<\/p>\n\n\n\n See Related: <\/em><\/strong>Thai SEC Seeks Public Feedback On New Digital Asset Investment Rules<\/a><\/p>\n\n\n\n To ensure the effectiveness of this new bill, the Dutch Cabinet has opened an internet consultation to gather feedback from stakeholders. This consultation, running from October 24 to November 21, allows interested parties to share their opinions, concerns, or suggestions. <\/p>\n\n\n\n According to the Cabinet, input from crypto companies, tax experts, and other stakeholders is vital to shaping a well-rounded and effective law before it reaches the House of Representatives.<\/p>\n\n\n\n The bill is expected to be submitted in the second quarter of 2025, and the new reporting requirements will take effect at the beginning of 2026. Despite the significant change for service providers, crypto owners themselves won\u2019t see a direct impact. They are already obligated to declare their crypto holdings in their tax returns.<\/p>\n\n\n\n At the heart of this legislative push is the desire to create a level playing field in the financial markets. Traditional institutions like banks and investment funds already face stringent reporting obligations. By extending similar responsibilities to crypto service providers, the EU aims to ensure that cryptocurrency assets are not used as a vehicle for tax evasion.<\/p>\n\n\n\n <\/p>\n","post_title":"Netherlands Announces Stricter Crypto Reporting Laws For 2026","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"netherlands-announces-stricter-crypto-reporting-laws-for-2026","to_ping":"","pinged":"","post_modified":"2024-10-28 05:30:20","post_modified_gmt":"2024-10-27 18:30:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19300","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":18272,"post_author":"1","post_date":"2024-08-19 18:08:25","post_date_gmt":"2024-08-19 08:08:25","post_content":"\n Cryptocurrency exchange Bybit has obtained registration as a Virtual Asset Service Provider (VASP) and card operator in Argentina, Cointelegraph reported. This move comes as Argentina tightens its crypto regulations, driven by domestic economic challenges and international pressure.<\/p>\n\n\n\n Bybit, the second-largest crypto exchange by volume, entered the Argentine market in June 2022. The company\u2019s decision<\/a> to seek VASP registration aligns with Argentina\u2019s recent efforts to regulate the crypto market.<\/p>\n\n\n\n In March, Argentina introduced legislation to comply with the Financial Action Task Force (FATF) requirements, which aim to prevent money laundering and terrorist financing. Bybit\u2019s registration was approved by the Financial Information Unit (FIU), Argentina\u2019s financial intelligence agency tasked with enforcing these regulations.<\/p>\n\n\n\nDefying Argentina\u2019s Economic Turmoil<\/h2>\n\n\n\n
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