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Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance

1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...

Binance Japan Starts Onboarding Users

1.8.2023
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission

IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

31.7.2023
A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS)

Judge Rejects Ripple Ruling Precedent in Denying Terraform Labs' Motion to Dismiss SEC Lawsuit

31.7.2023
A federal judge rejected Terraform Labs' motion to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission

DeSantis Accuses Biden of 'War on Bitcoin,' Vows to Stop It if Elected President

31.7.2023
Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) called out the Biden Administration for its “war” on bitcoin and cryptocurrencies and said that he will end it should he become President

U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations

31.7.2023
The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings

Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report

31.7.2023
Jeju, Busan and Incheon are in the running to be considered

Binance's Activities Are Illegal in Nigeria, Securities Regulator Says

31.7.2023
The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors

Binance Wins Operational License in Dubai

31.7.2023
Binance, the world's largest cryptocurrency exchange, has won a licence to operate in Dubai after meeting pre-conditions set since receiving a preparatory licence in September 2022

SEC Told Coinbase to Stop Trading in all Cryptos Except Bitcoin Before Suing: FT

31.7.2023
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in all cryptocurrencies other than bitcoin (BTC) prior to suing the crypto exchange, according to a Financial Times report

Bank Policy Institute Supports Elizabeth Warren's Push for Stricter Crypto Rules

29.7.2023
The Bank Policy Institute (BPI), an organization that advocates for the banking industry in the US, has publicly backed Senator Elizabeth Warren's efforts to tighten regulations for cryptocurrencies. Warren, along with three other senators, has recently reintroduced the Digital Asset Anti-Money...

‘Community-Based IP’ — Yuga Labs CEO Describes Web3 Evolution of Licensing to Japanese Government Official

29.7.2023
In a recent “fireside chat” with the deputy director of the Web3.0 Policy Office of Japan’s Ministry of Economy, Trade, and Industry, Yuga Labs CEO Daniel Alegre noted: “We’re not even in the first inning” of where Web3 “evolution” is going to...

US banking advocacy group support Sen. Warren’s reintroduced crypto bill

29.7.2023
According to the Bank Policy Institute, the inclusion of digital assets in the anti-money laundering framework is essential to safeguard the United States' financial system and protect it from illicit finance

Sam Bankman-Fried's Attempts to Influence Witnesses Show He Must Be Jailed Before Trial: DOJ

28.7.2023
Sam Bankman-Fried's repeated efforts to contact witnesses and influence their testimony shows that "no combination of conditions will reasonably assure the safety of the community," prosecutors said in a written filing calling for his bond to be revoked

Sam Bankman-Fried Maybe Hasn’t Escaped Campaign Finance Charges

28.7.2023
Prosecutors just withdrew a campaign finance charge ahead of Sam Bankman-Fried’s criminal trial this October. That doesn’t mean the U.S. Department of Justice is letting the FTX founder off on alleged criminal conduct, however – and campaign finance charges could still be tried later

Ex-Fed Policy Analyst's Paper: Stablecoins Present Lower Risk Than Traditional Bank Deposits

28.7.2023
Dollar-pegged stablecoins may actually be less risky to hold than traditional bank deposits, according to Brendan Malone – a former Federal Reserve Board analyst. Now writing on behalf of technology research and investment firm, Paradigm, Malone argued on Wednesday that stablecoins are inherently...