Take a look at LabCFTC’s latest primer on digital assets
The CFTC’s fintech wing has published its fourth primer, this time on digital assets. Go to Source Powered by WPeMatico
Bitcoin Regulation
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IRS tax form question leaves US crypto users confused and concerned
This year’s Form 1040 requires all U.S. taxpayers to answer a question about whether they traded or acquired “virtual currency” during the year. Go to Source Powered by WPeMatico
Two thirds of Estonian crypto businesses lose their licenses
Estonia has withdrawn permits from one thousand crypto companies this year. Go to Source Powered by WPeMatico
France Approves New Cryptocurrency Measures to Fight Anonymous Transactions
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says the changes are necessary to fight against terrorism financing. France Tightens Crypto Surveillance France’s Council … Read more
Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency
Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever trust,” he warned governments. Bitcoin Is on Its Way to Becoming … Read more
US Lawmakers Caution Against Regulations Restricting Use of Self-Hosted Crypto Wallets
Four U.S. lawmakers have sent a letter to Treasury Secretary Steven Mnuchin, warning of the risks of restricting the use of self-hosted cryptocurrency wallets. Their concerns follow reports that the Treasury Department may be on the verge of imposing such strict cryptocurrency regulations aimed at self-hosted crypto wallets. Crypto Regulations That Could Make Existing Self-Hosted … Read more
Paxos seeks approval to become fully-regulated crypto bank
The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels. Go to Source Powered by WPeMatico
US gov is Bitcoin’s last remaining adversary, says Messari founder
Bitcoin may have experienced the perfect storm for success, but action by the United States government may remain a threat. Go to Source Powered by WPeMatico
‘We should do whatever we can’ to legalize Bitcoin, says libertarian Ron Paul
The former congressman from Texas believes the government is “watching very closely” to see what happens with crypto. Go to Source Powered by WPeMatico
OCC leader Brian Brooks: ‘Nobody’s going to ban Bitcoin’
Forthcoming regulations are “going to be a lot less bad than people will worry about.” Go to Source Powered by WPeMatico