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FinCEN’s director says increased adoption of reporting guidelines for crypto businesses has led to an uptick in the number of suspicious activity reports filed Go to Source Powered by WPeMatico
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding stablecoins. … Read more
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed Go to Source Powered by WPeMatico
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight of cryptocurrencies in the country. Also read: Crypto Startups to Get up to … Read more
The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures … Read more
The U.S. SEC is attempting to force Telegram’s former chief investment advisor to testify in the case over the firm’s Grams tokens offering Go to Source Powered by WPeMatico
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges and risks.” Also Read: Libra Testnet Fails to Impress as New Legislation Looms Lawmakers Still … Read more
CryptoBridge DEX is closing down in a hurry, forcing customers to complete KYC procedures within just two weeks to get their money back. Should other exchanges be worried? Go to Source Powered by WPeMatico
Per Deutsche Bank’s recent research, people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies Go to Source Powered by WPeMatico
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel was speaking out in defense of negative deposit rates being employed as … Read more
