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Nalezeno "Guidance": 405

US Senator Calls on SEC Chairman to Provide Regulatory Clarity on Cryptocurrencies

25.9.2021
A U.S. senator has asked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to provide clear guidance on cryptocurrency regulation. The senator stated that in many enforcement actions, “the SEC did not identify the securities involved or the rationale for their...

South African Tax Body Updates Crypto Tax Guidance, Confusion Persists

2.9.2021
In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in...

Australian Regulator Seeks Advice on Crypto-Related Assets

2.7.2021
The Australian Securities and Investments Commission (ASIC) recently opened a consultation for establishing methods and best practices for regulating crypto assets. The consultation paper seeks guidance on which crypto-assets should qualify as underlying assets, and how to make this determination....

US Senator Urges Treasury Secretary to ‘Make Significant Revisions’ to FinCEN’s Crypto Proposal

13.6.2021
U.S. Senator Pat Toomey has urged Treasury Secretary Janet Yellen to “make significant revisions” to the proposed crypto regulation by the Financial Crimes Enforcement Network (FinCEN) and the planned adoption of the guidance issued by the Financial Action Task Force (FATF). Senator...

Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’

2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...

US Lawmaker Pushes for Safe Harbor Legislation to Protect Crypto Investors With Forked Coins

20.5.2021
US Congressman Tom Emmer is pushing for safe harbor legislation to protect taxpayers with forked coins. A bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021” has been introduced to prohibit “penalties against taxpayers attempting to report certain gains...

FATF draft guidance targets DeFi with compliance

16.5.2021
The final guidance expected to be issued by the FATF this summer might determine the next chapter for the decentralized finance space

Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More Regulation

26.3.2021
Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used...

New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs

24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....

FATF updates guidance on crypto service providers, calls for public comments

26.2.2021
The Financial Action Task Force is looking to adapt its guidance standards for stablecoins and crypto peer-to-peer transactions

Banks Likely to Adopt Stablecoins Cautiously Despite Guidance

11.2.2021
Banks face a stablecoin conundrum: Build their own projects, with all the overhead that implies, or work with well-placed existing providers

US Library of Congress Says Most Countries Lack Clear Tax Guidance on Crypto Staking

4.2.2021
Out of 31 nations, only 5 have tax guidance addressing cryptocurrency rewards via staking, a study found

Should I Buy Bitcoin? — Switzerland’s Largest Bank UBS Provides Guidance on BTC Investing

25.1.2021
Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used to diversify portfolios. ‘Should I buy’...

IRS Updates Tax Requirements for Cryptocurrency Owners

7.1.2021
The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes...

US House Financial Services Chair Waters Recommends Joe Biden Rescind OCC Crypto Guidance

5.12.2020
House Financial Services Chair Maxine Waters told President-elect Joe Biden to undo the OCC's crypto guidance after he takes office next year

CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading

25.11.2020
Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post...