Governments are taking back control of digital assets

By James Field , Author. Senior writer and researcher focusing on legal and regulatory developments in the fintech space. TL;DR: Governments are tightening control over digital currencies: Australia released draft legislation on October 15 to implement the OECD’s CARF tax-reporting standard, Sweden ’s central bank urged lawmakers on October 7 to prepare for a possible e-krona, and Russia will ban peer-to-peer digital currency trades from July 1, 2027. In recent weeks, several prominent examples have demonstrated the different ways the digital asset sector is persuading lawmakers and regulators around the globe to reassert their transparency, control, and sovereignty.

Source: CoinGeek