#CryptoRegulation Here you have a summary of the most relevant news in crypto regulation for today, May 15, 2025:
At a global and regional level:
* Regulation in the USA: The US Senate is expected to approve a key bipartisan bill on stablecoins next week. This is an important topic, as the US stance on regulation is considered influential worldwide. Crypto company executives have been in Washington to support this bill.
* Regulation in Europe (MiCA): Spain already has 14 authorized crypto service providers under the MiCA framework (Markets in Crypto-Assets), indicating a progress in the implementation of this regulation in the European Union, which seeks to unify the regulatory approach and establish requirements for providers. Full implementation of MiCA is expected by December 30, 2024.
* Cryptocurrency Declaration (Spain): Starting in 2025, it is mandatory to declare cryptocurrencies in the Income Declaration in Spain, according to RD 249/2023. This applies to all residents, regardless of the amount invested, and it is also mandatory to declare balances exceeding 50,000 euros. Crypto service providers will also be required to report on client transactions to promote tax transparency.
Country-specific news:
* El Salvador: There were key changes to the Bitcoin Law, which came into effect in May, as part of the agreement with the IMF. Some sources indicate that bitcoin has ceased to be legal tender in El Salvador, less than four years after being the first country to adopt it, although other more recent news mentions that the "Bitcoin Law" remains in effect with some reforms.
* Kazakhstan: The digital minister of Kazakhstan expressed that lifting restrictions and expanding regulations could make the country the leading blockchain hub in Central Asia.
* Canada: An executive from NDAX (crypto asset exchange platform)#CryptoRegulation