Regulation – DIGIT INFO

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.

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EU officials sign Markets in Crypto Assets framework into law

First introduced in 2020, MiCA aims to create a consistent regulatory framework for crypto assets among the European Union member states.

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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.”

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US District Judge sends matter of FTX independent examiner to appellate court

A bankruptcy judge denied a motion for an independent examiner in February, leading to an appeal that may now go to the U.S. Court of Appeals for the Third Circuit.

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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.

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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.

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EU Council Adopts New Rules for Europe’s Crypto Markets

The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets […]

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Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms

This week’s BTC options expiry could play a decisive role in Bitcoin price potentially trading below the $26,000 level.

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Tax Authority Slated to Become Main Crypto Regulator in Russia

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service […]

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Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms

According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto exchanges is “going to have […]

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