LONDON—As the U.K. creates its own crypto framework, the country’s Treasury is introducing a separate category for crypto assets in tax return forms.
THE globe
CU News From Around the Planet
MADISON, Wis.–The Global Women’s Leadership Network (GWLN) has awarded 12 scholarships to industry women, which officially makes them members of the Network and provides them with opportunities for professional development, networking and skill diversification, the organization said.
DUBLIN, Ireland–In a survey backed in part by credit unions, a majority of people in Ireland say they believe the exit of two banks from the country—KBC Bank and Ulster Bank-- will hurt them, and that many are considering joining a CU.
PARIS—The French Parliament has passed new legislation that modifies the regulatory framework applicable to digital asset service providers based in France, or that provide services in France.
LONDON—The United Kingdom is introducing an “economic crime levy” (ECL) to fund its efforts in the fight against financial crime and boost anti-money laundering (AML) activities.
WASHINGTON—The World Council’s Credit for Agriculture Producers (CAP) Project has completed its effort to upgrade the websites of both Ukrainian credit union associations, two central credit unions and 49 individual credit unions in Ukraine.
LONDON —Tough rules are needed to “detoxify” crypto to remove conflicts of interest, safeguard customer assets and force through radical changes to business models, Britain’s financial watchdog is saying.
BRUSSELS, Belgium—Merchants in the eurozone could be required to accept a digital euro if it is deemed to be legal tender, according to a paper distributed to members of the Council of the European Union.
LONDON—The U.K. Treasury has launched a consultation on its plans to launch a digital currency, which could lead to a government-backed digital pound.
MADISON, Wis.—The World Council of Credit Unions is reminding that “time is running out” to take advantage of the early bird to register for its 2023 World Credit Union Conference in Vancouver, Canada July 23–26.