Japan plans to reclassify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, shifting them from a payment-based framework to one aligned with traditional securities regulation.
National Bank of Rwanda reaffirmed its ban on cryptocurrency use involving the Rwandan franc after Bybit introduced P2P trading support, warning of financial risks and lack of legal protections.
Paraguay’s tax authority now requires residents and crypto platforms to report nearly all digital asset transactions over $5,000, including wallet addresses and transaction hashes, aiming to integrate cryptocurrencies into the national tax system while raising privacy concerns.
Germany’s second-largest lender DZ Bank has received authorization under the European Union’s Markets in Crypto-Assets Regulation, clearing the way for the launch of a...