2023-8-26 19:40 |
House Financial Service Committee Chair Patrick McHenry said the rules are part of “the Biden Administration’s ongoing attack on the digital asset ecosystem.”
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Patrick McHenry, Chairman of the House Financial Services Committee, commented on newly proposed crypto taxation rules on Aug. 25. The IRS, along with the U. S. Treasury, proposed those taxation rules earlier in the day.
2023-8-26 22:20 | |
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New proposed rules require crypto exchanges and brokers to report digital asset transactions and cost basis to the IRS starting in 2026. The post US Government Releases New Proposals for Crypto Taxes appeared first on BeInCrypto.
2023-8-26 19:36 | |
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The proposed rules require brokers of digital assets to adhere to stringent tax reporting standards.
2023-8-26 17:13 | |
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The unsuspecting user was redirected to a malicious doppelganger site, "http://cbridge. ceieler. network," instead of CELER. The fraud site then prompted the user to approve a transaction. When the victim complied, his digital assets worth close to $900,000 was reportedly drained from his wallet.
2023-8-23 12:45 | |
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Barely months after the collapse of Three Arrows Capital (3AC), founders Kyle Davies and Su Zhu’s new digital currency exchange OPNX have run into trouble with Dubai’s regulator. In a public disclosure, the Dubai Virtual Assets Regulatory Authority (VARA) confirmed that it had placed fines on OPNX and its founders over violations of local rules. […]
2023-8-22 21:19 | |
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Coinbase, Marathon Digital and Riot Blockchain are among the Securities and Exchange Commission-registered cryptocurrency firms that would need to comply with the rules.
2023-7-28 08:27 | |
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Canadian regulator revealed it is considering amendments to its capital and liquidity approach concerning crypto assets. The proposed rules aim to streamline how institutions handle potential risks associated with cryptocurrencies, outlining four distinct categories of digital assets and their respective…
2023-7-27 10:43 | |
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A vital US House meeting has passed a bipartisan bill that might finally ensure the sought-after regulatory clarity for cryptocurrency businesses. On Wednesday, 26 July, most United States watchdogs voted to advance two cryptocurrency regulation bills, approving the 21st Century Act to safeguard customers and ensure decisive rules for the digital asset sector.
2023-7-27 07:32 | |
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Cryptocurrencies will now be viewed as property in Singapore. The high court also demystified the notion that cryptocurrencies do not hold any value. The Monetary Authority of Singapore (MAS) will implement segregation and custody requirements for digital payment tokens.
2023-7-26 14:25 | |
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Senior House Republicans have officially introduced a bill that seeks to change how crypto markets function in the United States. Republican members of the Agriculture and Financial Services Committees of the United States House have introduced this bill to create a regulatory framework for digital assets.
2023-7-21 18:30 | |
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The bill looks to set out clear rules for the digital assets ecosystem.
2023-7-21 00:55 | |
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In a significant move, Google Play announced on July 12 that it has expanded its Android app store rules to accommodate new blockchain content, although under fairly strict rules. That announcement said that the updated policy would “open new ways to transact blockchain-based digital content within apps and games.
2023-7-13 01:55 | |
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Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets law
2023-7-12 12:22 | |
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Mastercard believes that blockchain technology can revolutionize payments, but it needs “financially-regulated applications” and “central bank-backed money” to achieve mainstream adoption, according to chief digital officer Jorn Lambert.
2023-7-3 21:30 | |
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The Bank of New York Mellon’s (BNY Mellon) foray into the digital asset custody business has hit a regulatory hurdle, per American Banker. It emerged that the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121) requires custodians of digital assets to record those assets on their balance sheets.
2023-6-30 19:15 | |
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Circle Internet Financial Ltd., a US-based stablecoin issuer, is closely monitoring the regulatory developments in Hong Kong following the implementation of new crypto rules. Circle CEO Jeremy Allaire expressed the company’s interest in Hong Kong as it aims to establish itself as a prominent hub for digital assets markets and stablecoins. Allaire’s remarks came during […]
2023-6-27 10:30 | |
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The National Tax Agency of Japan released an updated version of its corporate tax guidelines, introducing significant changes to the crypto taxation rules for digital token issuers. This revision focuses explicitly on eliminating taxes on unrealized gains derived from crypto assets issued by companies.
2023-6-26 16:00 | |
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Singapore issues new standards for a protocol governing the exchange of programmable money. The post Singapore Central Bank Standardizes Rules for Digital Asset Settlements appeared first on BeInCrypto.
2023-6-21 15:15 | |
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Separate reports indicate that lawmakers in the European Union (EU) are advancing potential rules around a “digital euro” and artificial intelligence (AI). ECB could limit digital euro for financial stability Bloomberg reported June 14 that it obtained a copy of a draft proposal from the European Commission.
2023-6-15 03:03 | |
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The CFTC has proposed a comprehensive revamp of its risk management regulations, emphasizing the need for firms to prepare themselves for the volatility of cryptocurrencies and the associated risks of holding customers' digital assets.
2023-6-2 12:16 | |
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The U.S. Commodity Futures Trading Commission (CFTC) has proposed an overhaul of its rules for risk management, and Commission Christy Goldsmith Romero said the changes should insist firms prepare themselves for crypto volatility and the risks from holding customers’ digital assets.
2023-6-2 03:28 | |
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The stablecoin is issued by a registered trust owned by First Digital.
2023-6-1 05:00 | |
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The approval marks the first time a digital asset custody provider has come under federal regulation as the SEC tightens custody rules.
2023-5-23 20:15 | |
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The European Union (EU) has recently approved a comprehensive regulatory framework for crypto assets, making waves in digital finance. Known as the Markets in Crypto-Assets (MiCA), this directive establishes clear rules for handling cryptocurrency within the European Union and could…
2023-5-24 17:45 | |
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Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law.
2023-5-22 12:44 | |
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Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets.
2023-5-18 06:57 | |
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The U.S. Securities and Exchange Commission (SEC) told an appeals court that crypto exchange Coinbase hadn't proven the regulator needs to create a new regulatory framework for the digital asset industry late Monday.
2023-5-16 09:48 | |
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Coinspeaker Marathon Digital Subpoenaed by SEC Over Securities Law Violations Marathon said it is cooperating with the SEC to provide the requested information, highlighting that it was dedicated to abiding by all relevant laws and rules.
2023-5-11 15:59 | |
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Binance’s Chief Strategy Officer Patrick Hillman criticized the United States’ regulatory landscape during a live event on May 10. Hillman says U. S. is in a “weird place” Hillman said during the Financial Times’ Crypto and Digital Assets Summit that regulations have made it difficult for Binance to work in the U.
2023-5-11 23:14 | |
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The SEC was yet to define the term "digital assets" in rules governing reporting disclosures for hedge funds. The U. S. regulator proposed a definition of digital assets in an August 2022 petitiThe post SEC thwarts progress on U.
2023-5-4 14:30 | |
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The Securities and Exchange Commission (SEC) has announced that it will not be adding the definition of "digital assets" to its rules governing reporting disclosures for hedge and private equity funds
2023-5-4 11:05 | |
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The Texas House of Representatives approved the digital asset service provider bill on April 20. The bill received 148 votes in favor and zero against. Only one vote abstained. Also known as the “Proof of Reserve” bill, HB 1666 was introduced in January by Giovanni Capriglione and aims to establish rules for exchanges and other […] The post Texas digital asset service provider bill passes House vote appeared first on CryptoSlate.
2023-4-22 21:33 | |
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The CFTC-linked self-regulatory organization has disclosure rules for members engaging in activities with BTC and ETH, and standards of conduct are now being added.
2023-4-2 00:03 | |
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In the absence of formal crypto rules from U.S. government agencies, the National Futures Association (NFA) is setting up standards for its members that deal in digital assets commodities.
2023-4-1 20:43 | |
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Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized
2023-3-22 17:56 | |
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A bankruptcy judge has ruled that Voyager Digital is allowed to sell its assets to Binance US, Bloomberg News reported March 7. The post Voyager can sell assets to Binance.US, judge rules appeared first on CryptoSlate.
2023-3-8 01:37 | |
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Binance should be allowed to buy assets of bankrupt crypto lender Voyager Digital in a deal worth over $1 billion, Michael Wiles, a bankruptcy judge in the Southern District of New York, ruled today
2023-3-8 01:06 | |
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The U.K. also recently started a consultation on regulating the sector and a potential central bank digital currency.
2023-2-28 20:23 | |
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The issuance of anonymity-enhancing crypto like Zcash and monero are banned under the Emirate's new regulations for digital assets.
2023-2-8 13:12 | |
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The issuance of anonymity-enhancing crypto like Zcash and monero are banned under the Emirate's new regulations for digital assets.
2023-2-9 13:12 | |
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Ahead of the proposed legalization of cryptocurrencies in Korea, the financial services commission (FSC) published rules on Jan. 6 that outline which digital assets will be regulated.
2023-2-6 18:57 | |
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Coinspeaker United Kingdom Outlines Plans to Regulate Digital Currencies While the UK government is serious about the introduction of the new rules, if it becomes law, it will take some years to complement and implement its provision.
2023-2-1 17:15 | |
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The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.
2022-11-15 20:18 | |
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The Internal Revenue Service (IRS) has released a draft of new instructions to U.S. taxpayers on reporting digital asset activity. IRS Releases Draft Tax Document The IRS is expanding its...
2022-10-20 00:13 | |
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Japan regulator will reportedly amend certain rules, making it simpler for exchanges to list new digital assets. The post Low Cap Cryptos May Find Home in Japanese Crypto Exchanges After New Regulations appeared first on BeInCrypto.
2022-10-20 18:29 | |
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The lower house of the country's parliament has passed five bills relating to digital assets on the first reading as the government tightens its grip on crypto mining.
2022-10-12 16:00 | |
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The biggest news in the cryptosphere for October 3 includes, Binance burning 5. 5 billion LUNC tokens, Tether reducing its commercial paper holdings below $50 million, and Transit Swap hacker returning over 70% of stolen funds.
2022-10-4 01:53 | |
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Indonesia’s Trade Ministry plans to enact tight rules on cryptocurrency exchanges within its borders to give the local administration more control over digital asset transactions. Indonesian Exchanges Chocked by the Trade Ministry The Trade ministry plans to achieve more DeFi…
2022-9-21 14:55 | |
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Australian Liberal Senator Andrew Bragg has introduced a bill to regulate crypto assets so that the country 'keeps up with the global pace' in handling rules for digital assets. The bill also mentions potential frameworks for foreign CBDC use in the country.
2022-9-19 13:45 | |
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Elements of the Payment Stablecoin Act have the potential to be beneficial for American consumers — but critics claim other parts are “unconstitutional.” Republican Cynthia Lummis and Democrat Kirsten Gillibrand have become something of a bipartisan, pro-crypto double act in…
Two U.S. lawmakers have proposed a bill that clarifies the taxation framework for cryptocurrency staking rewards. Bipartisan lawmakers Reps. Wiley Nickel, D-N.C., and Drew Ferguson, R-Ga, introduced the Providing Tax Clarity for Digital Assets Act on May 1 to clarify…
On April 30, Judge Richard Jones sentenced Zhao to four months in prison, going against the U.S. Department of Justice (DOJ)’s recommendation for a three-year jail sentence. London-based financial services lawyer Rabya Anwar told crypto.news that the stories of Zhao…
Willy Woo, an on-chain analyst, took to X on April 29, raising concerns about the fate of retail Bitcoin investors if the world, especially the United States, plunges into a recession. Woo, referencing historical events, argues that while large Bitcoin holders, or “whales,” are likely to weather the storm since they control private keys of their coins, […]
U.S. senators Elizabeth Warren and Bill Cassidy have urged the Department of Justice (DOJ) and Department of Homeland Security (DHS) to double down on their efforts to combat crypto use in the market for child sex abuse material (CSAM). In…
Uniswap‘s token UNI has dropped 17% following a lawsuit notice from US regulators sinking to $9.27, its lowest since late February. The latest decline coincided with the exchange receiving an official investigation Wells notice from the SEC. The market cap…
Senator Kirsten Gillibrand revealed ongoing discussions about forthcoming stablecoin regulation