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Danish Tax Agency Sends Warning Letters to Suspected Crypto Tax Evaders
10.12.2019
Denmark's tax authority, the Skattestyrelsen, has been sending letters to cryptocurrency users it suspects of tax avoidance, demanding a range of information about their trading activities
Crypto Gains New EU Stronghold as Sweden Approves Swiss ETP Startup
10.12.2019
Swiss crypto firm gets approval from Swedish authorities to offer its exchange-traded products to investors in the EU
Telegram Investor Documents Say BNY Mellon, Credit Suisse Helped Process $1.7B ICO
9.12.2019
Telegram told investors it was using BNY Mellon and Credit Suisse, to move and store fiat raised in last year’s token sale, court filings indicate
A Reality Check: Blockchain and DLT in International Trade
9.12.2019
Would blockchain help to bring global trade to a digital era? An overview of a new TFG’, WTO’ and ICC’s study
Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed
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...
SEC Approves Bitcoin Futures Fund
7.12.2019
The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed...
SEC Requests UK’s Intervention to Force Telegram’s Former Advisor to Testify
7.12.2019
The U.S. SEC is attempting to force Telegram’s former chief investment advisor to testify in the case over the firm’s Grams tokens offering
SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor
7.12.2019
The U.S. Securities and Exchange Commission (SEC) wants Telegram’s former chief investment advisor to testify and hand over documents related to the company's $1.7 billion 2018 token sale
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...
Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years
6.12.2019
U.S. Treasury Secretary Steven Mnuchin says he and the Federal Reserve chairman see no need for the country to issue a digital dollar
Mnuchin ‘Fine’ With Libra Launch, But Crypto Project Must ‘Fully’ Comply With AML Rules
6.12.2019
Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter
CryptoBridge Closes Down and Waves Relaunches, DEXs Face Tough Times
6.12.2019
CryptoBridge DEX is closing down in a hurry, forcing customers to complete KYC procedures within just two weeks to get their money back. Should other exchanges be worried?
Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030
6.12.2019
Per Deutsche Bank’s recent research, people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies
Ripple Files Last Bid to Dismiss XRP Securities Lawsuit Before Court Meeting
5.12.2019
Even if XRP were a security, the investors suing Ripple brought their case far too late for it to proceed, the company said in a new filing
EU Won’t Let Stablecoins Enter Its Market Until Risks Are Addressed
5.12.2019
No global stablecoin project should begin operations in the EU until the associated risks are addressed, EU authorities say in a new adopted statement
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...
RBI Governor Discusses Crypto and Central Bank Digital Currency
5.12.2019
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies. Also...
Stablecoin Adoption Can Impact Economy, Warn Senior US Regulators
5.12.2019
Senior U.S. financial regulators warn that stablecoins pose risks to the economy in an annual report from the Financial Stability Oversight Council