Economics of Bitcoin ATM market could hinder wider adoption
Bitcoin of America’s shutdown in Connecticut highlights the obstacles for companies operating crypto ATMs. Go to Source Powered by WPeMatico
Government
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US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC
The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto. Go to Source Powered by WPeMatico
Does the US have a crypto ‘tax loophole’ problem?
The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt-ceiling bill. Another narrow escape? Go to Source Powered by WPeMatico
Australia asks if ‘high-risk’ AI should be banned in surprise consultation
The Australian government suddenly announced a new eight-week consultation to ask how heavily it should police the AI sector. Go to Source Powered by WPeMatico
Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China
“The number of crypto transactions associated with Chinese fentanyl brokers increased by 450% just last year alone,” said the Massachusetts senator, citing an Elliptic report. Go to Source Powered by WPeMatico
Former House Rep blames industry outsiders for associating crypto with bank’s failure
According to Barney Frank, Signature Bank’s only issue prior to regulators seizing control in March was “crypto-fear inaccurate withdrawals.” Go to Source Powered by WPeMatico
What the ‘anti-mining bill’ means for the crypto industry in Texas
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation. Go to Source Powered by WPeMatico
Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
According to Representative Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners. Go to Source Powered by WPeMatico
Laos government reportedly prioritizes blockchain technology for digital transformation
Laotian Prime Minister Sonexay Siphandone chaired the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation. Go to Source Powered by WPeMatico
Texas legislative session winds down with crypto bills still in limbo
State lawmakers passed a proof-of-reserves bill and legislation covering crypto firms’ usage of flare gas, both awaiting Texas Gov. Greg Abbott’s approval or veto as of May 29. Go to Source Powered by WPeMatico