Law – DIGIT INFO

US Tax Authority Prioritizes Issuing Guidance on Cryptocurrencies

The U.S. IRS states that the agency “made it a priority” to issue relevant guidance on cryptocurrency taxation

Russian Sberbank Demands Client Provide Data on Cryptocurrency Revenue

Russia’s largest bank Sberbank is making a client disclose information about their cryptocurrency revenue and details of their mining farms

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New York Supreme Court Grants Bitfinex’s Motion to Modify Injunction

The New York Supreme Court has granted crypto exchange Bitfinex’s motion to modify an injunction by the New York Attorney General

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Proposed Securities Framework Wrong for Regulating Crypto Exchanges, Argues Kraken

Kraken says no to proposed regulation of crypto exchanges by Canadian securities institutions

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Russian Prime Minister: As Cryptocurrencies Lose Popularity, Regulation Isn’t a Priority

Russia’s prime minister has argued that crypto regulation is not a priority for the Russian government, since crypto lost its popularity

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Senior SEC Official Amy Starr: Securities Laws Are ‘Written to Be Dynamic’

Securities laws are “written to be dynamic,” a senior SEC official has said, expressing the regulator’s willingness to interact with crypto players to develop better regulation

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Token Taxonomy Act Includes De Minimis Tax Exemption for Crypto

A de minimis tax exemption in the new Token Taxonomy Act means that capital gains on crypto under $600 would not have to be reported to the IRS

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SEC Crypto Czar: Platforms Listing IEOs May Face Regulatory Trouble

The SEC’s Valerie Szczepanik says that platforms seeking to list IEO tokens “may find themselves in trouble” if they are not registered in the U.S

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US Rep Sherman Calls for Crypto Ban, Says It Threatens to Diminish American Power

U.S. Congressman Brad Sherman has called on colleagues to outlaw cryptocurrencies, saying they threaten American foreign policy and the rule of law

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SEC Commissioner Hester Peirce Concerned Crypto Industry Hindered by Regulatory Delays

U.S. SEC “crypto mom” said that the cryptocurrency industry could be hindered by the agency’s “heel-dragging” in forming clear regulations

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