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Regulatory Roundup: New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto
23.12.2019
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover...
Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
23.12.2019
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...
US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter
20.12.2019
Congressmen are again asking the IRS for clarity on its recent cryptocurrency tax guidance
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...
EU Finance Ministers Place Defacto Ban on Libra
6.12.2019
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges...
US Lawmakers Want to Brand Libra a Security, Association Disagrees
1.12.2019
Will Libra be able to operate in the U.S. if Congress classifies stablecoins as securities?
Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?
13.11.2019
Reports show that fiat currency is still the favorite choice for money laundering, with 2–5% of all transactions being illicit, yet regulators ferociously attack AML policies
Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act
6.11.2019
Ex-CFTC attorney says internet-based binary options platforms are luring in crypto investors “where there are legitimate products, non-legitimate products follow”
Libra Hearing Fails to Assuage Senior Lawmakers' Concerns
24.10.2019
Financial Services Committee Chair Maxine Waters said that she is still not pleased with Facebook's proposed Libra stablecoin
‘No-Deal Brexit Huge Positive for UK Cryptocurrency’ – How Brexit Could Affect the Industry
20.10.2019
British lawmakers have voted to postpone a crucial Brexit vote and forced Prime Minister Boris Johnson to ask the EU for an extension. News.Bitcoin.com talked to the CEO of a local crypto exchange to find out the effects a no-deal Brexit could have on the crypto industry. Also read: SEC Wants...
U.S. Warns Visa, Mastercard to ‘Proceed With Caution’ Regarding Libra
11.10.2019
In the wake of Paypal’s very public exit from the Libra project, U.S. lawmakers are now pressuring Stripe, Visa and Mastercard to rethink their membership of the Libra Association as well. On October 8, three letters from two U.S. senators urged the tech and finance giants to “carefully...
US Lawmakers Call on Payment Giants to Exit ‘Chilling’ Libra Project
9.10.2019
Senators Brian Schatz and Sherrod Brown have called on Visa, Stripe, and MasterCard to reconsider their membership of the Libra Association
Lawmakers to Fed: 'The Nature of Money is Changing" + More Crypto News
3.10.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
Two American congressmen have suggested that the United States should create a “digital dollar.” Republican...
US Lawmakers Ask Federal Reserve About National Digital Currency
3.10.2019
U.S. Representatives French Hill and Bill Foster have asked the Federal Reserve whether it will consider launching a national digital currency
Zuckerberg’s Charm Offensive on Behalf of Libra With US Lawmakers
27.9.2019
Can Zuckerberg’s personal appeals win favor in Washington? “Personal visits absolutely help enhance policies and regulatory decisions,” says Chamber of Digital Commerce policy chief
Why Did These Two Lawmakers Buy Marijuana with Stablecoin
12.9.2019
Source: iStock/Adventure_Photo
We’re seeing digital tokens in many places these days, but there are still many firsts to experience, especially when it comes to seeing unexpected people using digital assets to buy unexpected things. Such is the case this time around, with California lawmakers going...
“Lawmakers Should Be Open to Blockchain and Cryptocurrencies,” Says IMF Chief Christine Lagarde
10.9.2019
Christine Lagarde, the current chairperson of the International Monetary Fund (IMF) and presidential nominee for European Central Bank (ECB), has often made headlines for her bold statements regarding blockchain technology and cryptocurrencies. Last week, in an opening statement, addressed to...
India Facing ‘Unprecedented’ Economic Slowdown, Extraordinary Steps Urged
26.8.2019
Many signs indicate that the Indian economy is under grave stress, affecting nearly all sectors. “India’s economy is in a deep mess,” due to initiatives such as demonetization and GST, some lawmakers say, as they urge the government to handle the situation “which...
Switzerland Meetings Didn’t Clear US Lawmaker’s Doubts on Facebook’s Libra
26.8.2019
A U.S. lawmaker said her concerns with Facebook's Libra crypto project remain after meeting regulators in Switzerland
Libra ‘Concerns Remain’ for US Lawmakers after Switzerland Talks
26.8.2019
Maxine Waters. Source: a video screenshot, YouTube, NBC News
The head of the United States House of Representatives’ Financial Services Committee says that it is still “concerned” by Facebook’s proposed Libra stablecoin despite extensive meetings with politicians and financial regulators...