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Ripple’s Navin Gupta Stresses the Importance of Activity-Based Crypto Regulation – Here’s What You Need to Know
15.11.2023
Navin Gupta, Ripple’s Managing Director of South Asia, Middle East, and North Africa. Source: Ripple / X Navin Gupta, the Managing Director of South Asia, Middle East, and North Africa at the US blockchain and payments firm Ripple, has reiterated the necessity of adopting an activity-based...
UK Appoints Bim Afolami as Economic Secretary to Oversee Crypto Regulation
15.11.2023
Source: AdobeStock / Mary Bim Afolami has been appointed as the economic secretary to the Treasury of the United Kingdom, where he will have authority over policies that impact the adoption of digital assets and central bank digital currencies within the country. According to a recent announcement...
SEC’s FY 2023 Enforcement Actions Yield $5 Billion in Fines from Wall Street and Crypto Giants
15.11.2023
Source: Adobe/Kristina Blokhin The US Securities and Exchange Commission (SEC) has announced that its enforcement actions in fiscal year 2023 resulted in nearly $5 billion in fines and reimbursements to investors. In a Tuesday press release, the agency said it has targeted Wall Street brokerages...
40+ Countries Implementing International Crypto Reporting Framework
15.11.2023
Over 40 countries have agreed to implement the crypto reporting framework developed by the Organisation for Economic Co-operation and Development (OECD) as mandated by the G20. The widespread, consistent, and timely implementation of this crypto reporting framework “will further improve...
Kevin O’Leary Warns Spot Bitcoin ETF Approval Could Be 18 Months Away
15.11.2023
Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has cautioned that it could take another year and a half for the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF). He emphasized that we will not see a spot bitcoin ETF in the U.S. until...
Delaware authorities refer fake BlackRock XRP trust filing to state's Justice Department
14.11.2023
State authorities may be investigating the fake registration for a BlackRock “iShares XRP Trust” following a referral from Delaware's Division of Corporations
Tornado Cash users file appeal over judgment in favor of US Treasury
14.11.2023
The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court
Crypto Regulation News Weekly Digest: Major Nations Commit to Crypto Tax Reporting Standard and EU Issues Draft Stablecoin Guidelines
14.11.2023
Nations and authorities advance crypto regulations across taxation, stablecoins, geo-blocking, and compliance this week. Image by motortion, Adobe Stock. Last week brought several noteworthy developments in the evolving crypto regulation scene across the globe. Major nations made efforts towards...
Bim Afolami takes the reins on UK crypto policy as new Economic Secretary
14.11.2023
Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith will become the next Minister of State in the Department for Science, Innovation and Technology
Ripple exec reiterates need for tech-neutral crypto regulations
14.11.2023
Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations
Finance Ministers from APEC Nations to Share Crypto Insights in San Francisco
14.11.2023
Image Source: Pixabay The Asia-Pacific Economic Cooperation (APEC) summit has drawn global attention to discussions on regional economic cooperation, including crypto regulations. The event, which commenced on November 11 in San Francisco, saw the finance ministers’ meeting on November...
Swan Bitcoin to terminate customer accounts that use crypto-mixing services
14.11.2023
Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN regulations
Crypto advocacy group pushes back against proposed IRS rules on brokers
13.11.2023
The Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or impossible to follow by many in the space
The IRS Should Offer a Free Tax Reporting Tool to DeFi Users
13.11.2023
Blockchain is not the problem, it is the solution to the problem the U.S. tax agency wants to solve through its highly controversial "broker rule."
The IRS Should Heed This Warning
13.11.2023
48 Countries Join Forces to Combat Crypto Tax Evasion Starting in 2027
13.11.2023
Source: AdobeStock / Nuthawut Forty-eight countries across six continents have committed to a new tax transparency standard starting in 2027 to fight crypto-related tax evasion. Countries – including Ireland, Austria, France, Germany, Italy, Croatia, Japan, South Korea, the US, and Canada...
Spanish Securities Regulator Hints at Probing X for Hosting Crypto Ads For Unlicensed Organizations
13.11.2023
The Spanish securities regulator has recently hinted at investigating and sanctioning X (formerly known as Twitter) for allowing unlicensed providers to post crypto ads. According to Spanish law, social networks and other service providers must verify that ad campaigns come from authorized...
Hong Kong Lawmaker Proposes Bitcoin in Investment Immigration Program
13.11.2023
Source: LT/Adobe A Hong Kong lawmaker has proposed to incorporate Bitcoin trading into the city’s licensed exchanges in the revived investment immigration program. The initiative signals a progressive shift in embracing cryptocurrencies within the sphere of high-stakes financial endeavors....
JPMorgan: US Crypto Regulations Unlikely to Ease Despite SEC Legal Defeats
13.11.2023
Global investment bank JPMorgan has warned investors that U.S. crypto regulations are unlikely to ease, even though the Securities and Exchange Commission (SEC) has lost several recent court cases against crypto firms. “It is far from clear that the regulatory tightening of the crypto...
Onecoin ‘Compliance’ Head Pleads Guilty to Wire Fraud and Money Laundering Charges
12.11.2023
Irina Dilkinska, the head of legal and compliance at Onecoin, has pleaded guilty to “wire fraud and money laundering charges.” The charges against Dilkinska relate to her role in organizing the transfer of $110 million in fraudulently obtained funds to a Cayman Islands entity. The $110...