Crypto regulation news: EU changes rules, new commissions in Uzbekistan and blogger against SEC

Regulation is critical to the development and adoption of cryptocurrencies
  • Regulation is critical to the development and adoption of cryptocurrencies
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Uzbekistan introduces monthly commission for crypto companies

The NAPC of Uzbekistan has obliged licensed cryptocurrency companies to pay monthly contributions to the budget.

Tariffs vary depending on the provider category:

  • crypto exchanges will pay 120 million soums ($11,000) per month;
  • mining pool — $2,750 USD;
  • cryptocurrency exchange points – $550;
  • fiduciary service providers – $135.

The monthly fee for individual miners will be $275.

The news is interesting, because Ukraine is likely to introduce similar taxes soon.

Youtuber Raises Funds to ‘Fight the SEC’

Crypto investor and YouTuber Yan Balina has started raising funds on the GoFundMe platform to fund the “fight” with the US Securities and Exchange Commission (SEC). He will “on behalf of the entire crypto community” act against the abuses of the regulator. In particular, to fight their arbitrariness on the topic of recognizing coins as “securities” and demanding fines.

The EU changes the rules of supervision

The European Parliament has edited the bill on combating money laundering (AML). They removed provisions that required identification for transfers using non-custodial crypto wallets.

However, the bill has a new amendment. It will expand the scope of regulation to DAOs, DeFi, NFTs, and the metaverses. From now on, providers of such services will have to comply with AML rules when dealing with transactions in excess of 1,000 euros.

The new bill has not yet been voted on and is under discussion.

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