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Regulations
Mining firm wants to help taxpayers avoid obligations by sending proceeds to IRAs
North American mining and hosting firm Compass Mining is offering a new tax avoidance method for savvy crypto miners that file in the United States. In a Thursday…
German law allowing institutional funds to hold crypto comes into effect Aug. 2
Beginning on August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in cryptocurrencies, possibly setting the stage for wider…
Congressman takes aim at peers who think crypto could cause a ‘financial 9/11’
Representative Ted Budd of North Carolina, a member of the House Financial Services Committee and Congressional Blockchain Caucus, has urged lawmakers to embrace…
Binance to shut down crypto derivatives trading in Europe
Troubled global cryptocurrency exchange Binance continues moving fast in curbing services to respond to the ongoing regulatory scrutiny worldwide, partly shutting…
Binance banned in Malaysia, given 14 days notice to shut down operations
Malaysia is the latest regulatory theater to come after Binance as authorities in the country have accused the exchange giant of continuing to operate in the…
New bill proposes US Treasury to have full authority over fiat stablecoins
A new bill introduced by United States Representative Don Beyer of Virginia has proposed a far-reaching regulatory and legal framework for digital assets across…
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Ukraine central bank now officially allowed to issue digital currency
The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized…
FinCEN’s new digital currency advisor says crypto’s ‘just another means…
Michele Korver, the first-ever chief digital currency advisor for the Financial Crimes Enforcement Network’s (FinCEN), believes crypto assets are just another way…
Okcoin secures regulatory approval in Malta and the Netherlands
Cryptocurrency exchange Okcoin may soon be opening its doors wider to crypto traders in Malta and the Netherlands following approval from key regulators.In a…
Israeli gov’t seeks to track crypto holdings above $61K
The Israeli government is ratcheting up its efforts to deter tax evasion and close loopholes for would-be money launderers as part of a “war against black…
Bitcoin hash rate rebounds as major miners are coming back online
China’s stringent crypto regulations meant closing shop for many Chinese businesses within the Bitcoin (BTC) mining ecosystem. The sudden disappearance of Bitcoin…
Nano seeks $700K in costs from plaintiff who dropped class action with…
An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case.The…
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Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis
Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while…
Law professor calls for crypto mining regulation during US Senate hearing
Tuesday’s crypto hearing before the United States Senate Committee on Banking, Housing and Urban Affairs also included a call for stricter regulations on…
Digital currency may be an answer to help the unbanked, Sen. Warren says
Senator and former United States presidential candidate Elizabeth Warren believes that the digital asset industry may be a tool to tackle some challenges in the…
Regulators scrutinizing Tether’s commercial paper reserves: Comptroller of the…
The firm behind the world’s leading stablecoin, Tether, is facing more regulatory pressure this week with U.S. financial watchdogs scrutinizing the composition of…
Binance CEO wants to ‘work with regulators’ as the exchange expands
Changpeng Zhao, the chief executive officer and founder of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it…
Sen. Warren urges Treasury Secretary Yellen to combat rising crypto threats
Senator Elizabeth Warren, a Democrat from Massachusetts, has called on United States Treasury Secretary Janet Yellen and other regulators to develop a…
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Pennsylvania legislature mulls crypto task force bill
A bill to establish a crypto task force in Pennsylvania has been introduced in the state’s General Assembly.According to the details of HB1724 published by…
New rules could permit Korean gov’t to seize tax evaders’ crypto
South Korean legislators propose to revise tax codes so that tax authorities would be able to confiscate tax evaders’ crypto assets directly from their digital…