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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
SEC to Boost Access to Crypto Investments With Proposed New Accredited Investor Definition
19.12.2019
The U.S. Securities and Exchange Commission (SEC) has proposed amending the definition of “accredited investor” — a move that will increase access to regulated cryptocurrency investments. A number of them are currently only available to accredited investors. Among other changes,...
Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
18.12.2019
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one...
‘Stacking Sats’ vs. ‘ETH is Money’ – The Memes That Shaped 2019
18.12.2019
NLW breaks down ten memes and narratives that dominated the crypto conversation in 2019
Crypto Regulation Is Coming To Europe: Are Exchanges Ready for New Rules?
18.12.2019
European crypto companies have a countdown clock on regulations kicking in on Jan. 10 next year. So how are they preparing?
Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
17.12.2019
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered...
Int'l Regulator Basel Committee Calls for Prudent Rules for Crypto
16.12.2019
The Basel Committee on Banking Supervision calls for conservative treatment of crypto assets
After BottlePay, Two More Crypto Firms Shut Down Due to Upcoming EU Rules
16.12.2019
Two EU-based crypto firms are shutting down because of the upcoming EU Anti-Money Laundering rules
PayPal Sues Consumer Protection Agency for ‘Confusing’ Digital Wallet Rules
14.12.2019
PayPal sues U.S. Consumer Financial Protection Bureau for allegedly confusing rules regarding digital wallets
New Crypto Rules in New York + More News
11.12.2019
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.
Regulation news
The New York Department of Financial Services (NYDFS) issued their 'Proposed Guidance Regarding Adoption or Listing...
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
US Government Worried Crypto Can Shift Power to Private Sector
28.11.2019
Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...
Paypal CEO Admits He Owns Bitcoin
21.11.2019
The CEO of Paypal, Daniel Schulman, has revealed in an interview that he personally owns bitcoin. He also talked about Paypal’s plans regarding cryptocurrency, how to achieve mass adoption, and why Paypal decided to leave Facebook’s Libra project. Also read: US to Strictly Enforce...
BOJ Rules out Digital Fiat, But Cambodia Could Issue a CBDC Next Year
20.11.2019
The governor of the Bank of Japan (BOJ) Haruhiko Kuroda has ruled out the possibility of launching a digital yen in the short term, but says the bank will continue to look into digital currency technology should the bank change its stance at a later date.
Per media outlet CoinPost, Kuroda also...
US to Strictly Enforce Crypto Rules Similar to FATF Guidelines
19.11.2019
The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal...
Fincen Director: US to Impose Strict Anti-money Laundering Rules on Crypto Exchanges
16.11.2019
Kenneth Blanco, director of the FinCEN (Financial Crimes Enforcement Network), said recently that the rules would be strictly imposed by the U.S. government that require the firms engaged in cryptocurrency money service businesses, to share data about their customers. As a part of anti-money...
U.S. Federal Judge Rules in Favor Bitcoin IRA in Case Against Kingdom Trust
15.11.2019
A U.S. federal judge has ruled against asset custodian Kingdom Trust in an ongoing lawsuit with Bitcoin IRA
Wyoming Unveils First-Ever Crypto Custody Rules for ‘Blockchain Banks’
12.11.2019
The U.S. state of Wyoming releases new opt-in enhanced regulatory requirements for crypto custodians, covering forks, airdrops, staking and more
What to Expect From the Next Bitcoin Cash Protocol Upgrade
9.11.2019
On November 15, shortly after 12 p.m., Bitcoin Cash (BCH) will execute an upgrade of the network’s consensus rules. After the upgrade is locked in, the next block will enforce minimal pushdata in script and the opcodes OP_Checkmultisig and OP_Checkmultisigverify will be upgraded to accept...