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US Acting Comptroller urges not to rush with the crypto regulation
12.10.2022
Michael J. Hsu called for tighter interagency efforts and highlighted the three most dangerous areas of the new industry
Coinbase Receives In-Principle Approval to Provide Crypto Services in Singapore
12.10.2022
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has given Coinbase “in-principle approval” allowing the crypto exchange to “offer regulated digital payment token products and services in the island state.” Coinbase stressed:...
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator
12.10.2022
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure...
Financial Stability Board opens proposed crypto regulatory framework for public comments
11.10.2022
“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal
City of Niagara Falls orders Blockfusion facility to cease and desist crypto mining
11.10.2022
The city notice effectively stopped the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion was in compliance with local zoning ordinances
Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils
11.10.2022
Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government...
SEC rejects WisdomTree's application for a spot Bitcoin ETF... again
11.10.2022
Similar to its December 2021 rejection of a WisdomTree spot Bitcoin investment vehicle, the SEC cited concerns about fraud and market manipulation
US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
11.10.2022
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”
Crypto News Summary: Coinbase Partners with Google Cloud for Crypto Payments, CNN Kills Vault
11.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Coinbase Partners with Google Cloud for Crypto Payments, CNN Kills Vault
OECD Presents Crypto Tax Reporting Framework
11.10.2022
The Organisation for Economic Co-operation and Development (OECD), an intergovernmental organization that seeks to stimulate economic progress, has published a global framework for crypto tax reporting.
According to a press release, the framework, dubbed the Crypto-Asset Reporting Framework...
Russian Government to Hold Key Crypto Regulation-themed Meeting Today
11.10.2022
Russian ministers have tabled a meeting on the thorny matter of crypto regulation today – as the government attempts to finalize its much-delayed attempts to police the sector....
Read More: Russian Government to Hold Key Crypto Regulation-themed Meeting Today
Portugal Makes U-Turn On Crypto-Friendly Taxes
11.10.2022
Though widely considered to be one of the most crypto-friendly countries, Portugal is increasingly shifting its position on taxing cryptoasset gains – and now plans to tax gains on crypto held for less than a year....
Read More: Portugal Makes U-Turn On Crypto-Friendly Taxes
European Authorities Want Automated Software to Monitor DeFi Activity on Ethereum Blockchain
11.10.2022
The European Commission, the EU’s executive branch that proposes legislation and implements decisions, is digging deeper into decentralized finance (DeFi) – and is looking to study Ethereum (ETH) data to do so.
The Commission has submitted a document per which it seeks, as it says,
“A pilot...
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner
11.10.2022
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy
Coinbase gains in-principle approval for Singapore crypto license
11.10.2022
The country is a key institutional market for the exchange according to the CEO of Coinbase Singapore, who explained it's also working with local industry groups to improve regulations
OECD releases framework to combat international tax evasion using digital assets
10.10.2022
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13
European Parliament Committee passes MiCA crypto framework in landslide vote
10.10.2022
Members of the committee passed the crypto framework policy in a vote of 28 in favor and one against, with a final vote expected with the full Parliament soon
Helium Foundation Responds to Binance HNT Delisting
10.10.2022
After major crypto exchange Binance said that it would cease trading Helium Network Token (HNT), the Helium Foundation COO reportedly stated that “there is no basis” for doing so and that the coin meets all the standards set by the exchange.
Four days ago, Binance announced that it would “remove...
Russian Companies Are Using Crypto in Trade Despite Lack of Regulation, Officials Admit
10.10.2022
With limited access to global finances, Russian businesses have begun settling in cryptocurrency with their partners abroad. Although these are still small-scale payments, government officials have noted their increase, which comes even before authorities have decided how to regulate these...
India’s Central Bank RBI Publishes Digital Currency Details — Confirms Digital Rupee Pilot Launching ‘Soon’
9.10.2022
India’s central bank, the Reserve Bank of India (RBI), says it will soon commence “limited pilot launches” of the country’s digital currency (digital rupee) for specific use cases. The central bank explained that “multiple technological options shall be tested...