digital asset platforms
Coverage of digital asset platforms in the Nexus archive.
- Nigeria sets crypto tax collection rules for digital asset platforms
Nigeria has established crypto tax collection rules outlining how existing tax obligations apply to cryptocurrency disposals and rewards. The framework requires some withheld tax amounts to be paid in the originating digital token.
- New York AG warns CLARITY Act could weaken state crypto enforcement
New York Attorney General Letitia James warned that the federal CLARITY Act could restrict state regulators' ability to enforce crypto rules and urged Congress to strengthen consumer protections for digital asset platforms.
- Congress, close the crypto crime gap — before criminals get there first
Americans lost nearly $21 billion to fraud in 2022, with cryptocurrency-related scams being the largest contributor. The article urges Congress to close regulatory gaps by applying anti-money laundering and Bank Secrecy Act standards to digital asset platforms, similar to traditional banks.