Blog
Global Crypto Regulatory News - 1 January 2025
Matthew Warner
January 05, 2025
Whilst Blockpass monitors and adapts to regulatory changes around the world, we only cover some of the news and developments in articles on the Blockpass blog. However, to showcase more information around what is going on in the blockchain and crypto regulatory scene around the world, we’ve selected some prominent or interesting news and articles that feature relevant crypto regulatory and compliance developments.
- US Court Decision Raises Regulatory Questions
A decision by the United States Court of Appeals for the Fifth Circuit on the Office of Foreign Assets Control’s sanction against crypto mixer Tornado Cash brings legal uncertainties.
- Texan Crypto Reserves to Come?
A bill to create a state bitcoin reserve has been put forward by Texas State Representative Capriglione, which would see bitcoin added as a flexible option for paying taxes and fees etc.
https://dig.watch/updates/texas-submits-bitcoin-reserve-bill-amid-crypto-adoption-surge
- Germany Passes Bill to Enable MiCA
A key element in the Digitalization of Financial Markets Act is the appointment of regulator BaFin to approve licenses required by German crypto companies to trade in other EU countries.
Australia Proposes Stricter Licensing Rules
The Australian Securities and Investment Commission has proposed changes to the treatment of digital assets which would require the majority of firms dealing in crypto to be licensed.
https://cointelegraph.com/news/australia-draft-guidelines-crypto-compliance-no-longer-optional
- AML and CFT Legislation in Ireland
Ireland has expedited an amendment to its Money Laundering and Terrorist Financing bill that will secure cryptoasset transfers in line with the EU’s Wire and Cryptoasset Transfer Regulation.
https://www.lexology.com/library/detail.aspx?g=37f29c1b-2415-4f83-9962-f8bf44713238
- Stablecoin Issuers Regulated in Hong Kong
A new bill in Hong Kong aims to ensure transparency and stability of fiat-backed stablecoins, with the sale of such crypto only permitted by licensed people or entities.
https://www.livebitcoinnews.com/hong-kong-introduces-stablecoin-bill-to-regulate-issuers/
- Bitcoin Tax Exemption in Czech Republic
HODLers in the Czech Republic will benefit from new regulation coming in which exempts people from having to pay capital gains tax on bitcoin that has been held longer than 3 years.
- Crypto Draft Law Imminent in Ukraine
Ukraine’s government, alongside its central bank and the IMF, hopes to pass legislation by the end of the first quarter 2025 that will see digital assets legalized, but not exempt from taxation.
https://bitcoinist.com/ukraine-to-legalize-crypto-lawmakers-preparing-bill-for-early-2025/
- Luxembourg Passes New Blockchain Law for Securities
Blockchain Law IV is aimed at improving the transparency, efficiency and security of Luxembourg’s financial markets, and strengthening its ability to innovate in finance.
- Botswana Seeks Crypto Regulation
The Bank of Botswana - Botswana’s central bank - has called for a regulatory framework for crypto to be developed ahead of the inevitable adoption of digital assets it sees coming.
https://dig.watch/updates/botswanas-central-bank-calls-for-crypto-regulations
Matthew Warner is a content producer and researcher at Blockpass, focusing on writing and community engagement while exploring the potential of blockchain, AI, and IoT technologies.