H&R Block Offers Solutions for Taxpayers With Crypto Transactions
U.S.-based accounting firm H&R Block rolls out a new service for crypto currency transactions Go to Source Powered by WPeMatico
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Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams
Popular messaging app Kik is shutting down due to a Securities and Exchange Commission lawsuit regarding ICO activity for the company’s cryptocurrency, kin. Ted Livingston, Founder and CEO of Kik and Kin, denies the allegations and maintains that the SEC’s case is based on mischaracterizations, but that shutdown for Kik is necessary to focus on … Read more
Bank of Japan Governor: Libra Needs Globally-Coordinated Regulation
Facebook’s planned Libra stablecoin could have a “huge impact on society,” says the governor of the Bank of Japan Go to Source Powered by WPeMatico
Coinshares Urges Customers to Fight UK Regulator’s Ban on Crypto ETN’s
Coinshares is urging its customers to fight a proposed ban on cryptocurrency ETNs by the United Kingdom’s Financial Conduct Authority Go to Source Powered by WPeMatico
Int’l Accounting Standards Body Defines Bitcoin as ‘Intangible Asset’
Cryptocurrencies like Bitcoin are neither financial assets nor legal tender, says the International Financial Reporting Interpretations Committee Go to Source Powered by WPeMatico
VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet
The U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time a specific crypto has been deemed illegal for Americans at home or abroad to use. … Read more
Changes Afoot for Philippine Crypto-Friendly Economic Zone
The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also issued new directives to all of its licensees, including 40 crypto … Read more
Indian Parliament Member Helping Crypto Community Influence Regulation
The Indian crypto community has made progress towards influencing the government’s crypto policies. Some industry leaders have met with an influential lawmaker who has agreed to help bring about positive crypto regulation in the country. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost Parliament Member Agrees to Help … Read more
FATF-Driven Delistings Capture the Criminalization of Privacy
The delisting of privacy coins like monero, zcash, and dash is becoming something of a trend in Asia, and could soon expand elsewhere. In the wake of the intra-governmental Financial Action Task Force (FATF) issuing new global standards, Korean exchanges Okex and Upbit have announced they will delist and put warnings on several privacy coins … Read more
European Countries Step Up Response to Facebook’s Libra
The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws. Also read: India’s Popular ‘Who … Read more
