Key Takeaways

• Getting paid in Bitcoin (BTC), newly sworn-in New York City Mayor Eric Adams suggests buying the dip, a move seen as using his influence to speak out publicly for the coin. Adams also reiterated in a Thursday interview his aim to make the city a crypto hub.

• Thailand is set to implement a 15% capital gains tax on profits from crypto trading. While crypto investors and mining operators in the country are required to pay the tax in 2022, digital asset exchanges are reportedly exempt from this new duty.

• Hong Kong's de facto central bank plans to get a new regulatory regime for crypto assets ready by July. The local monetary authority has launched a consultation on Wednesday seeking public views on ways to regulate crypto assets and stablecoins.

Highlights

• U.S. FTC issues a public warning about new crypto ATM scam

• SEC files complaint against the operator of ‘unregistered’ $33M Crowd Machine ICO

• U.K. lawmakers form crypto advocacy group for parliament: Report

• Swedish municipality looking to diversify investment portfolio with crypto

• Powell says Fed will release crypto report 'within weeks'

• Turkish Parliament to weigh in on a new crypto bill to protect investors

• El Salvador prepares regulatory framework to issue controversial Bitcoin bonds

• Iran to allow crypto payments for international trade: Report

• Indian crypto industry seeks tax clarity in Union Budget 2022-23

• Ruling party sources deny plan to levy 40% tax on crypto yields in Turkey

• Thailand government to clear up crypto tax confusion

• Israeli Defense Minister cracks down on Hamas Funding Network

• CEO of crypto-Ponzi scheme mirror trading international arrested in Brazil

• U.A.E. regulators pave way for crypto and blockchain adoption, says legal expert

• Pakistan to investigate Binance for multi-million dollar crypto scam

• Coinbase, PayPal join TaxBit Network for free crypto tax forms

• China officially labels crypto mining as ‘obsolete’

Global Crypto Policies (over the past 3 months)

*Ranking based on 2020 nominal GDP 

Sources: International Monetary Fund, World Economic Outlook Database, April 2021

G20's Regulatory Stance on Crypto

Source: WhiteSight

Worldwide Policies on Crypto Taxation

Data as of 7 Jan 2022 

Sources: Crypto.com Research, 3Commas, Decrypt, BusinessWord, Koinly

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