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IRS Holds Hearing on Digital Asset Reporting Regulations Following Pushback
13.11.2023
Following massive pushback from the crypto industry, the Internal Revenue Service (IRS) held a public hearing on Monday morning, chiefly discussing their recently proposed digital asset broker reporting regulations. A firestorm of comments Initially filed on August 29th, 2023, the IRS’ proposed...
Indian Supreme Court Dismisses Plea Seeking Crypto Trading Regulations
13.11.2023
Source: Pexels The Indian Supreme Court on Friday declined to entertain a petition seeking to establish guidelines on crypto regulations. Cryptocurrencies, decentralized digital or virtual currencies operating independently of a central bank, have faced ongoing discussions regarding their...
Rug Pulls Account For Majority of Scams as Q3 2023 Exploits Wipe Out $720 Million
25.10.2023
The impact of digital asset scams has been a major talking point around policies, regulations, and developer’s direction this year with millions lost across chains to bad actors. A new report by blockchain security firm Hacken shows a quarter-to-quarter increase in hacks and money drained...
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Australia's Government Calls for Digital Asset Platforms to Abide by Existing Financial Regulations
16.10.2023
The Australian government has unveiled a proposal aimed at imposing stricter regulations on cryptocurrency trading platforms, with a focus on enhancing oversight of customer funds.
The proposal, released on Monday, suggests subjecting digital asset platforms to the same laws that govern other...
State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase
11.10.2023
A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to implementing existing...
Bitcoin Price Prediction: Marathon's Record, Kraken Deposits, Uzbekistan Regulations
5.10.2023
Bitcoin continues to trade at $27,698 with a nearly 1% increase. Marathon Digital Holdings boosted its Bitcoin production by 16% monthly and Kraken experienced its highest Bitcoin deposit activity in half a decade due to surging prices and growing ETF confidence.
Uzbekistan has implemented strict...
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
4.10.2023
The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency...
Solana Co-Founder Urges the US to Not Wait for “Perfect” Crypto Regulations
19.9.2023
Anatoly Yakovenko, co-founder of Solana and the CEO of Solana Labs, stressed the importance of the US government’s crypto bipartisan bill passed in July. However, he noted that the government shouldn’t wait for “perfect” legislation to move forward in regulations.
“The bills aren’t perfect....
Taiwan Calls El Salvador Authorities to Establish Virtual Assets Bureau For Enhanced Crypto Regulations
18.9.2023
Taiwan’s Crypto Association has established talks with the El Salvador authorities – the Central Bank, the Virtual Assets Bureau, and the Presidential Palace – calling for enhanced crypto regulations.
According to a Wu Blockchain report, Taiwan regulators have communicated with El Salvador’s...
India Tops Chainalysis' Global Crypto Adoption Index Despite Heavy Tax Regulations
13.9.2023
India has claimed the top spot in Chainalysis' 2023 Global Crypto Adoption Index despite stringent tax regulations in the country.
Chainalysis, a global blockchain surveillance firm, recently released an excerpt from its annual crypto adoption report, shedding light on how various countries...
Luno Exchange to Temporarily Halt Certain UK Client Investments Due to Upcoming FCA Regulations
12.9.2023
Luno, a crypto exchange owned by Barry Silbert’s Digital Currency Group (DCG), plans to stop certain UK clients from trading crypto due to regulatory changes that are coming into effect.
The new regulations, introduced by the UK’s Financial Conduct Authority (FCA) and expected to come into effect...
India’s Prime Minister Calls for Global Crypto Framework With Focus on Unified Approach, Adoption, Democratization
28.8.2023
India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.”...
Coin Center Sends Letter to Congress Seeking Clarity on Crypto Tax Regulations
23.8.2023
Crypto policy think tank Coin Center has sent a formal letter to Senate Finance Committee Chairman Ron Wyden and Finance Committee Ranking Member Mike Crapo, advocating for clear and reasonable tax policies for digital assets.
“Governments should state clearly and in detail how cryptocurrency...
Bitget mandates KYC requirements in line with tightening global regulations
21.8.2023
The exchange operator is instituting new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines
Binance Japan to Use KYC Services From Liquid
13.8.2023
The world’s leading cryptocurrency exchange, Binance, has selected Liquid as an identity verification partner for its Japanese platform. The services of the Tokyo-headquartered biometrics firm will allow Binance Japan to ensure its know-your-customer (KYC) procedures comply with Japan’s strict...
Billionaire Mark Cuban And Ex SEC Official Argue Over FTX Collapse And Crypto Regulations
5.7.2023
American billionaire Mark Cuban and the former US Securities Exchange Commission official John Reed Stark argued over what actually caused the collapse of FTX and how US customers could have been protected better.
Shark Tank star Mark Cuban suggested in a tweet that had the US SEC adopted similar...
Binance Abandons Planned Delisting of Some Privacy Coins in EU Markets
29.6.2023
Cryptocurrency exchange Binance has reconsidered a decision to delist some privacy tokens in several European markets. The leading coin trading platform will continue to offer trading in these digital assets after revising their classification to comply with EU regulations. Binance to Continue...
Argentinian Regulator Says it Wants to Adopt FATF Crypto Regulations
29.6.2023
Argentina’s top financial regulator says it wants to adopt the crypto regulations set out by the Financial Action Task Force (FATF), the international money laundering and terrorist financing watchdog.
The comments came from Sebastián Negri, the President of the National Securities Commission...
Hong Kong and UAE Central Banks Join Forces on Crypto Regulations
31.5.2023
Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.
The parties held a meeting in Abu Dhabi on Monday to “enhance collaboration between...