2022-4-24 05:17 |
With the U.K. never having been particularly crypto-friendly, could new regulations and Her Majesty's Treasury’s recent announcements be a game changer?
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The United States Treasury secretary Janet Yellen highlighted the need for new cryptocurrency-focused regulatory frameworks “designed to support responsible innovation while managing risks” in her remarks during an April 7 speech at American University.
2022-4-7 18:00 | |
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The United States Treasury secretary Janet Yellen highlighted the need for new cryptocurrency-focused regulatory frameworks “designed to support responsible innovation while managing risks” in her remarks during an April 7 speech at American University.
2022-4-8 18:00 | |
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The U. S. Treasury and other regulatory agencies are already working on cryptocurrency regulations, weeks after president Joe Biden signed an executive order outlining his government’s policy objectives concerning cryptocurrencies, treasury Secretary Jannet Yellen has said.
2022-3-30 23:40 | |
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The US Treasury Secretary Janet Yellen joined CNBC’s Squawk Box this morning and talked to Andrew Sorkin about Bitcoin. The post US Treasury Secretary Janet Yellen says upcoming crypto regulations will nourish healthy innovation appeared first on CryptoSlate.
2022-3-26 02:00 | |
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U.S. Secretary of the Treasury, Janet Yellen speaks to CNBC's Squawk Box shares her views on the state of digital assets amid calls for imposed regulations.
2022-3-26 00:15 | |
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The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations.
2022-2-14 11:52 | |
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A back-and-forth on Stablecoin regulation between the US Congress and the US Treasury department has left the fate of Stablecoins hanging in the balance. Nellie Liang, the US Treasury secretary, last week, called out the US congress for what she believes is a marked sloppiness in the formulation of regulations regarding Stablecoins. Liang expressed the intent […]
2021-12-20 18:56 | |
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“If Congress does not enact legislation, the regulators will try to use what authority they have,” stated the U.S. Treasury official Nellie Liang.
2021-12-21 14:08 | |
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Treasury Secretary Janet Yellen clarified that US federal regulations do not cover non-custodial entities — “hardware wallet manufacturers, providers of unhosted wallets, software developers, or miners” — for the purpose of requiring transaction reporting.
2021-12-1 16:51 | |
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Cryptocurrency adoption in the US is currently at a record high due to increased investor awareness. However, the increased adoption of cryptocurrencies has also attracted the attention of regulators who now want to bring more regulations to the sector.
2021-11-19 11:52 | |
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The much-awaited U.S. Treasury Department-led regulatory report has called for more regulations around stablecoins. The President’s Working Group on Financial Markets (PWG) is of the view that "sThe post Here's the response to Biden administration's PWG report on stablecoins appeared first on AMBCrypto.
2021-11-2 10:00 | |
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U.S. officials seek the inclusion of global data-sharing regulations for the crypto space in the new budget bill. The post The U.S. Treasury Encourages Global Crypto Data-Sharing Regulations appeared first on BeInCrypto.
2021-9-1 18:50 | |
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The Republic of Turkey Ministry of Treasury and Finance applies tax and cryptocurrency regulations
2021-7-13 16:41 | |
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The question of Cryptocurrency regulations is now when and how. Treasury Secretary Janet Yellen and Securities and Exchange Commission Chair Gary Gensler said it's bound to be a major undertaking.
2021-6-21 22:00 | |
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Former SEC chairman Jay Clayton and former Undersecretary of the Treasury Brent McIntosh have… The post Former Industry Experts See No Need for New Crypto Regulations appeared first on Coin Journal.
2021-6-8 14:36 | |
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Former top policymakers Jay Clayton and Brent McIntosh has defended the crypto regulatory regimes established during their respective government tenures.
2021-6-8 06:23 | |
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The Blockchain Association is putting preparation in top gear to meet with financial regulators in the President Joe Biden administration, including Treasury Secretary Janet Yellen, to make them understand the importance of bitcoin (BTC) and other cryptocurrencies and the need for amenable regulations, according to a FOXBusiness report on March 5, 2021. Blockchain Association MeetRead More
2021-3-7 02:01 | |
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2021-3-6 14:34 | |
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Treasury report based on the U. K. fintech, concludes govt needs to run a specific regime for Crypto-asset's regulations and control. U. K. chancellor, Rishi Sunak, triggered that review back in March 2020, under Ron Khalifa's supervision (former WorldPay boss).
2021-2-28 17:49 | |
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Janet Yellen, President Biden’s nominee for Treasury Secretary, has clarified her stance on bitcoin (BTC) and other cryptocurrencies, making it clear that she will go all out to formulate and implement regulations that would curtail the use of blockchain-based cryptocurrencies for illicit activities, according to a Decrypt report on January 22, 2021. Yellen Not Anti-CryptoRead More
2021-1-23 21:00 | |
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In written answers to questions relating to her confirmation as US Treasury Secretary, Janet Yellen says she will work closely with a range of government agencies to implement new regulations related to cryptocurrencies.
2021-1-22 18:00 | |
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The U.K. government is focusing on stablecoins for the next phase of its development of crypto regulations.
2021-1-12 19:18 | |
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The U. K. government is moving forward with its plan to harness the expanding crypto and digital asset market by organizing a public consultation on planned stablecoin and cryptocurrency regulations.
2021-1-9 20:00 | |
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The Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury shared its intent to amend the FBAR for cryptocurrencies. The official document “Report of Foreign Bank and Financial Accounts (FBAR) Filing Requirement for Virtual Currency” notes that currently, FBAR regulations do not define a foreign account holding virtual currency […] The post FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies first appeared on BitcoinExchangeGuide.
2021-1-3 19:13 | |
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According to a Dec 30 tweet, Coinbase seeks input from its users: “The US Treasury is proposing crypto regs that will force exchanges to collect, store and share with the gov. personal information associated with all crypto transactions.
2020-12-31 19:58 | |
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The United States has been seeing many crypto-centric businesses come under stricter regulatory scrutiny lately. This was evidenced by the fact that the Treasury Department and other agencies on WedneThe post Lack of stablecoin regulations could be 'dangerous,' says Cardano's Hoskinson appeared first on AMBCrypto.
2020-12-25 21:30 | |
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The Electronic Frontier Foundation (EFF) raised concerns about the strengthening financial surveillance through the proposed crypto regulations announced by the U. S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
2020-12-24 13:15 | |
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U. S. Senator-elect from Wyoming, Cynthia Lummis, shares her “deep” concerns with the Treasury Department considering “a hasty rule” to govern the self-hosted digital asset wallets and the Bank Secrecy Act.
2020-12-18 21:16 | |
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The Financial Crimes Enforcement Network (FinCEN), a top policy enforcement arm of the Treasury Department, has been rumored to be in the process of developing crypto regulations for a while. These rumors have now been given new life as the regulator recently posted two job listings for crypto advisers.
2020-12-18 20:08 | |
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FinCEN has posted a pair of job listings for crypto policy advisors amid rumors that new regulations around wallets will arrive soon.
2020-12-18 07:12 | |
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Four U. S. lawmakers have sent a letter to Treasury Secretary Steven Mnuchin, warning of the risks of restricting the use of self-hosted cryptocurrency wallets. Their concerns follow reports that the Treasury Department may be on the verge of imposing such strict cryptocurrency regulations aimed at self-hosted crypto wallets.
2020-12-13 22:30 | |
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Four US Congressmen have called on US Treasury Secretary Steve Mnuchin to reconsider pursuing regulations focused on self-hosted crypto wallets. The call is the latest opposition to the rumored plan that could see US exchanges demanding user identity verification before allowing withdrawals to non-custodial wallets.
2020-12-10 20:00 | |
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Four US lawmakers, Warren Davidson (R-Ohio), Tom Emmer (R-Minnesota), Scott Perry (R-Pennsylvania), and Ted Budd (R-North Carolina), sent a letter to Treasury Secretary Steve Mnuchin, “expressing our concern” about the rumored self-hosted wallet regulations.
2020-12-10 16:45 | |
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The crypto industry and regulators need time to collaborate on better regulations.
2020-12-11 14:02 | |
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The UK has revealed that it is working on regulations for stablecoins as it...
The post UK Treasury drawing up stablecoin regulations appeared first on Coin Journal.
2020-11-11 14:22 | |
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Cryptocurrency firms advertising to United Kingdom citizens will be governed by legal regulations for marketing their products, as per Her’s Majesty Treasury announcement Monday Crypto ads to be scrutinized The HM Treasury is weighing a proposal for “better” consumer protection for users of cryptocurrencies and similar products.
2020-7-22 08:00 | |
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The British government intends to bring some certain cryptocurrencies in to the scope of financial promotions regulations in a bid to protect UK based consumers. They announced at the beginning of this week that they would be looking to put an end to misleading adverts that put retail investors at risk. According to a proposal […]
2020-7-21 20:47 | |
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Treasury Secretary Steven Mnuchin had stated earlier in February that the U.S would soon see the arrival of crypto regulations. Crypto regulations are viewed as a barrier to innovation and adoption, bThe post Need for clear crypto-regulations in US: 'Can't regulate a new space, based on 1993 laws' appeared first on AMBCrypto.
2020-5-10 11:00 | |
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An intergovernmental panel in South Africa comprising the central bank, treasury, and financial regulators is calling for the enactment of strict crypto regulations in the country. Strict Crypto Policing in South Africa In a paper published by the Intergovernmental Fintech Working Group (IFWG) in South Africa, the government panel argued for the establishment of aRead MoreRead More.
2020-4-18 17:00 | |
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The United States has been active lately in the crypto sphere. Treasury Secretary Steven Mnuchin stated earlier in February that the U.S. soon would announce new regulations related to cryptocurrency The post In crypto will the US fall behind if it fails to relax regulations? appeared first on AMBCrypto.
2020-4-11 22:30 | |
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The crypto industry was given a warning in July of last year when U. S. President Donald Trump professed his disdain for Bitcoin and cryptocurrency in a tweet thread, which was closely followed by comments from Treasury Secretary Steven Mnuchin, who declared the lack of regulations surrounding crypto a matter of “national security.
2020-2-27 16:30 | |
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Bitcoin has pulled back from its 2020 high of $10,460 to a seven-day low of $9,517. Is this a healthy pullback or has the market reacted to news that US Treasury Secretary Steven Mnuchin says “significant” new crypto regulations are in the works?
2020-2-23 14:05 | |
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The United States government underneath President Trump has taken an aggressive approach to the crypto markets, with the President himself claiming that he is “not a fan of” Bitcoin, while the Treasury secretary claimed that the lack of regulations surrounding the nascent technology constitutes a “national security” issue.
2020-2-19 04:47 | |
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Last week, the US Treasury chief Steven Mnuchin promised that harder crypto regulations were coming. BTC bull Mike Novogratz shares his take on this
2020-2-18 18:20 | |
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The US Senate Debates 2020 Budget and Global Regulations: In the meantime, across the ocean, in the United States, the Senate held a detailed analysis of the upcoming 2021 budget volume and at this event, the US Treasury Secretary Steven Mnuchin was asked by senior members in what manner will the United States Treasury increase […] The post XRP Ripple Breaks Above $0.
2020-2-18 16:55 | |
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During a recent Senate Finance Committee hearing, Steve Mnuchin the U. S. Treasury Secretary called on the FinCEN, a U. S financial regulatory authority, to put in place new cryptocurrencies regulations and guidelines in a bid to reduce the money laundering, illicit trades and activities that cryptocurrencies purportedly enhance.
2020-2-13 21:39 | |
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The Trump administration is all set to release the new regulations related to digital currencies and digital payments systems revealed Treasury Secretary Steven Mnuchin on Wednesday in a Senate Finance Committee hearing.
2020-2-13 18:42 | |
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U. S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on.
2020-2-13 16:45 | |
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In the 2021 financial year budget proposed by the Trump Administration which was released early this week, it’s clear of their intention in regards to crypto regulations. They are looking to expand the treasury’s role in cryptocurrency oversights by bringing back the United States Secret Service, now under the DHS, back to its jurisdiction. The […]
2020-2-11 18:57 | |
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The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb.
The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.