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A California federal court finds that U.S. tax authorities have broadly stayed within their legitimate remit when collecting user data from crypto exchanges Go to Source Powered by WPeMatico
Not too long after embracing blockchain, Beijing has made it clear, one way or the other, that it didn’t mean Bitcoin. Increased scrutiny over the cryptocurrency sector and harsh measures against some companies have been implemented to supposedly protect citizens from scams. Sources say the government offensive has scared a lot of people employed in … Read more
By 2020, German banks will be able to custody Bitcoin, if new proposed changes to the law are approved Go to Source Powered by WPeMatico
Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin Muzinich. Also read: US to Strictly Enforce Crypto Rules Similar to … Read more
Facebook needs to change strategy and focus on the Calibra wallet — not Libra — to assure success, say eToro’s blockchain researchers Go to Source Powered by WPeMatico
Details are still sketchy after UpBit hack, although some experts are skeptical to call it an “inside job.” Meanwhile, exchange’s operator confirms they are planning a quick reimbursement Go to Source Powered by WPeMatico
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force. Also read: IRS Dispels Crypto Tax Confusion Committee Passes Bill On Tuesday, the South … Read more
Bittrex has denied claims that it reached out to the Ukrainian government to cooperate on developing the cryptocurrency industry there Go to Source Powered by WPeMatico
BitBay will drop support for the privacy-centric cryptocurrency Monero in 2020 in order to stay in line with industry Anti-Money Laundering standards Go to Source Powered by WPeMatico
News.Bitcoin.com has initiated a regular roundup of cryptocurrency regulatory developments around the world. For the first edition, we cover six U.S. regulators and India’s decisions on the supreme court hearing and crypto bill. We also cover China’s rekindled cleanup and Singapore’s derivatives trading proposal, along with the tax authority’s clarification of how GST applies to … Read more
