regulations

Russian tax authorities are sending letters to citizens who bought vehicles abroad using cryptocurrency.

They're demanding clarification on payment methods for these imports, warning that using crypto (treated as unauthorized cash) could trigger **fines of 20% to 40%** of the transaction value — especially if payments bypassed official banks.

This aligns with Russia's strict rules: crypto payments for goods/services remain banned domestically (with new fines starting 2026), but cross-border use faces heavy scrutiny and tax reporting requirements.

Authorities are tightening the net on crypto evasion tactics amid ongoing regulations.

Stay compliant, folks — DYOR and watch those borders! 🇷🇺💰 $BTC

#Crypto #Russia #Tax #Bitcoin #Regulations

The White House is set to meet with senior banking and crypto industry executives on Monday, signaling a renewed push to break the deadlock surrounding the stalled Senate crypto bill.

Key takeaways
The White House will host banking and crypto executives to discuss stalled crypto legislationThe Senate crypto bill has been elevated to a top policy priorityDirect White House involvement signals a move from debate to decisionsRegulatory clarity could accelerate quickly if consensus emerges
According to sources familiar with the matter, the issue has now been elevated to a top policy priority, reflecting growing concern over regulatory uncertainty and market impact.

When the White House becomes directly involved, discussions typically shift from abstract debate toward concrete decision-making - a transition that market participants are watching closely.
Why the White House is stepping in now
The meeting comes at a time when crypto regulation in the U.S. remains fragmented, with overlapping jurisdictions and unresolved legislative questions. Prolonged delays have created uncertainty for banks, exchanges, and institutional investors seeking clearer rules around custody, tokenized assets, and market structure.
White House engagement suggests growing recognition that regulatory ambiguity is no longer sustainable - particularly as other jurisdictions move faster to define crypto frameworks.
Industry and market implications
For the crypto industry, high-level talks could mark a turning point. If discussions lead to alignment between lawmakers, regulators, and financial institutions, the long-delayed bill could advance rapidly through the legislative process.
Markets typically respond positively to signs of regulatory clarity, even when rules are stricter than expected. The key variable is certainty - not permissiveness.
Political context and next steps
The involvement of President Donald Trump’s administration raises the stakes of the conversation. Historically, once the White House prioritizes an issue, timelines compress and outcomes become more binary.
While no immediate decisions are expected from Monday’s meeting, the talks are widely seen as a catalyst. Whether they result in compromise language, regulatory guidance, or renewed legislative momentum, momentum around U.S. crypto policy appears to be building quickly.
For now, the message from Washington is clear: crypto regulation has moved back to the center of the agenda - and decisions may follow sooner than markets expect.
#regulations

إن صناعة العملات المشفرة، التي كانت ذات يوم رمزًا للتقدم والابتكار، تجد نفسها الآن في وضع محفوف بالمخاطر. ومن المفارقة أن البيئة القضائية الأميركية، التي من المفترض أن تشكل ركيزة للعدالة والإبداع، تصبح عائقاً أمام قطاع مزدهر على وشك الإبداع المالي والتكنولوجي.
الابتكار في صراع مع اللوائح
يواجه عالم التشفير، الذي يحتفل به باعتباره مستقبل الإنترنت، تحديات خطيرة في شكل عقبات تنظيمية. تسعى هيئة الأوراق المالية والبورصة والجهات التنظيمية الأخرى إلى تطبيق لوائح قديمة على نظام العملات المشفرة سريع التطور، مما يعيق الابتكار ويعقد وجود الصناعة بأكملها.

\u003ct-35/\u003e
كان هناك زيادة حادة في المناقشات بين عشاق العملات المشفرة بعد تمرير “قانون واحد كبير وجميل” للرئيس دونالد ترامب في مجلس الشيوخ.

أفادت منصة التحليلات Santiment بزيادة ملحوظة في حجم المناقشات التي تحتوي على الكلمات “كبير” و“جميل” و“قانون”. وهذا يشير إلى أن المتداولين يربطون بنشاط آفاق سوق العملات المشفرة بالتغييرات السياسية المحتملة التي قد تنجم عن القانون.
بينما لا يحتوي التشريع على أي أحكام مباشرة بشأن العملات المشفرة، تشير Santiment إلى أن العديد من المتداولين يتخذون مواقع للاستفادة من الآثار غير المباشرة. وتشمل هذه التخفيضات الضريبية الواسعة وتحفيز المستهلكين الذي يمكن أن يغذي مشاعر “المخاطرة” التي تفضل بيتكوين والبدائل.

#regulations
By eliminating “reputational risk” from its supervisory framework, the Federal Reserve is dismantling a long-criticized barrier that has quietly shaped, and often stifled, crypto-bank relationships in the U.S.
The United States Federal Reserve has removed “reputational risk” from its supervisory framework for banks, a decision that could reshape how financial institutions engage with the crypto sector.
In a policy update released Monday, the Fed said it will now focus on more specific financial risk discussions instead of the vague and often criticized reputational risk metric.
For years, crypto firms have argued that reputational risk has been used as a vague and unfair justification to block or sever banking relationships with crypto firms, contributing to what many referred to as “debanking."

With the change, banks may now find it easier to do business with digital asset companies without fear of supervisory pushback.
Fed Clarifies Banks Risk Ratings, Dropping Barrier Long Blamed for Crypto Exclusion
The policy shift may ease access to financial services for companies operating in the digital asset space, many of which have faced challenges in maintaining banking ties over the past several years.
“This is a win, but there is still more work to be done,” said U.S. Senator Cynthia Lummis in response to the announcement.
Lummis, a pro-crypto lawmaker from Wyoming, has been vocal about the need for regulatory clarity in the crypto space and has criticized what she called the “assassination” of digital asset businesses in the U.S. through aggressive regulatory practices.

According to the Federal Reserve, the removal of reputational risk is meant to clarify how examiners evaluate a bank’s risk management practices.
The updated guidance emphasizes that the formal rating will now reflect both quantitative and qualitative elements tied directly to financial performance and safety.
“This change does not alter the Board’s expectation that banks maintain strong risk management,” the Fed said, adding that the adjustment is not meant to prevent banks from using the concept of reputational risk in their own internal assessments.
Historically, reputational risk was defined by the Fed as the possibility that negative publicity, true or not, could lead to customer losses, litigation, or a drop in revenue.
Critics in the crypto industry have long argued that the term was too broad and too subjective, allowing regulators to apply inconsistent standards, especially when it came to digital assets.
Fed Ends ‘Operation Chokepoint 2.0’ Tactics with Reputational Risk Reform
The decision comes after years of what some have described as “Operation Chokepoint 2.0,” a period during which more than 30 crypto and fintech firms reported being cut off from banking services.
Rob Nichols, president of the American Bankers Association, welcomed the change. “The supervisory process will now be more transparent and consistent,” he said.
“We have long believed banks should be able to make business decisions based on prudent risk management and the free market, not the individual perspectives of regulators,” he added.
The Fed has already begun reviewing and removing references to reputational risk from its guidance materials. It is also planning to train examiners on the new framework and coordinate with other federal banking regulators to ensure consistent application.
The removal of reputational risk references will be done gradually as existing guidance is updated.
Although banks are still required to manage risks in line with existing regulations, the shift could provide relief for crypto firms seeking stable banking relationships in the U.S.
It also follows a broader trend of regulatory recalibration, as several federal agencies appear to be easing crypto-related restrictions introduced in previous years.
The crypto industry scored several wins in recent months as federal regulators eased long-standing banking barriers.
The FDIC removed “reputational risk” from its bank oversight criteria, following the Senate Banking Committee’s approval of the FIRM Act. In May, the OCC confirmed banks can handle crypto trading and delegate services.
The FDIC also greenlit crypto activities without prior approval. On June 17, the Senate passed the GENIUS Act, focused on stablecoin regulation, with strong bipartisan support.
The bill now heads to the House, potentially cementing the first comprehensive US crypto framework.
Still, some observers warn the change could reduce oversight and open the door to riskier bank behavior if not properly monitored. But for the digital asset industry, the removal of reputational risk marks a moment of progress after years of regulatory uncertainty.

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