#CryptoRegulation

The latest regulatory updates in the crypto space include the European Union's new Anti-Money Laundering Regulation (AMLR), which aims to track cryptocurrency transfers and potentially ban anonymity. Additionally, the Financial Stability Board (FSB) has published a global regulatory framework for crypto-asset activities. In Pakistan, the roadmap to crypto legalization includes capital gains tax and VAT implications for transactions. 

Detailed Breakdown:

EU AMLR:

The EU is introducing new rules to track cryptocurrency transfers, including mandatory data collection on senders and recipients and restrictions on anonymous wallets and privacy coins. 

FSB Global Regulatory Framework:

The FSB has published a framework for the regulation, supervision, and oversight of crypto-asset activities, emphasizing the "same activity, same risk, same regulation" principle. 

Pakistan's Crypto Roadmap:

Pakistan's roadmap to crypto legalization includes provisions for capital gains tax on profits from digital asset transactions and VAT implications for transactions involving goods and services. 

US Strategic Bitcoin Reserve:

President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a US Digital Asset Stockpile. 

UK Cryptoasset AML/CTF Regime:

The UK Financial Conduct Authority (FCA) expects cryptoasset businesses to inform customers that they won't be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme.