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PayPal’s Crypto Offering May Be ‘a Huge Headache’ for Taxpayers
26.10.2020
PayPal opening its network to cryptocurrencies could create a serious tax headache for users
The Big Choices When Designing Central Bank Digital Currencies
26.10.2020
A retail CBDC or an indirect one? Synthetic? An API approach? How central banks implement digital currencies will have seismic implications
Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020
26.10.2020
BIS is planning a proof-of-concept trial of a CBDC in collaboration with the Swiss central bank
Election 2020: What’s at Stake for the Crypto Industry
26.10.2020
While neither major Presidential candidate is campaigning on a crypto platform, who they appoint to head up federal agencies will shape policy for years to come
Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS’ Draft 2020 Guidance
26.10.2020
The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form
PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites
26.10.2020
A report suggests the action may be over the firm's digital currency, Masterbucks
Tether Froze $300K of Stablecoin Hacked After Victims Left Wallet Keys in Evernote
26.10.2020
The U.S. government is pursuing a civil forfeiture claim on the more than 300,000 units of the tether (USDT) cryptocurrency said to have been stolen earlier this year
Ethereum Dev Virgil Griffith’s Attorney Files Motion to Dismiss Charges of Aiding North Korea
26.10.2020
The motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact
DeFi Still Needs a Silk Road Moment
25.10.2020
Adoption by criminal enterprises is evidence of the product/market fit for censorship-resistant tech and an indicator of whether innovation will see usage in the non-criminal world
US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies
25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...
China Drafts Law to Legalize Digital Yuan, Outlawing Competitors
24.10.2020
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China...
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
24.10.2020
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply...
US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise
23.10.2020
The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included
Vortex Blockchain’s Registration Revoked for Failure to File Reports With SEC
23.10.2020
The company had failed to file any reports with the commission since Dec. 31, 2019
What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators
23.10.2020
NYDFS proposals following the Twitter hack are a warning to everyone using centrally-controlled "designated" platforms
Money Reimagined: ‘They Starve.’ The Ugly Side to the US’s KYC-AML Obsession
23.10.2020
Laws like the Bank Secrecy Act, which turns 50 this week, have helped stop money laundering and terrorism. But KYC and AML requirements have served to harm the world's neediest through higher costs and reduced services
Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring
23.10.2020
Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have...
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
23.10.2020
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China
Digital Ruble ‘Promising,’ Pilot Likely in 2021, Says Bank of Russia Chief
23.10.2020
The Bank of Russia might launch its own CBDC, a digital ruble, after piloting the project at the end of next year, its chairwoman said
Kik’s Token Survives SEC Battle, No Barrier to Exchange Listings, Says Kin Foundation
23.10.2020
The Kin Foundation says both itself and the Kin token have survived the recently resolved court battle with the U.S. SEC over a 2017 ICO