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US Senators Introduce Bipartisan Bill to Exempt Small Crypto Transactions From Taxes
27.7.2022
A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as well as when the capital gains are less than $50. New ‘Virtual Currency Tax Fairness...
Crypto Council for Innovation hires government insiders to build leadership team
26.7.2022
Linda Jeng and Brett Quick will be joining the council in support of its policy and regulatory affairs team
The Blow-up of 3AC - LTCM Without the Nobel Economists
26.7.2022
Benjamin Dean is the Director of Digital Assets at investment company WisdomTree in Europe.
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Read More: The Blow-up of 3AC - LTCM Without the Nobel Economists
Treasury's OFAC is investigating Kraken for violating US sanctions: Report
26.7.2022
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange
Uncertainty around French laws prompted F1 racers to remove crypto branding: Report
26.7.2022
Spectators could not see Crypto.com’s logos during Formula One's French Grand Prix, while staff from Alfa Romeo, AlphaTauri and Alpine reportedly removed crypto-related branding
World Economic Outlook, Crypto Tax Exemption, Cryptojacking Rising + More News
26.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: World Economic Outlook, Crypto Tax Exemption, Cryptojacking Rising + More News
Coinbase Refutes Claims That it Lists Securities as SEC Kicks Off Investigation
26.7.2022
Major crypto exchange Coinbase has denied allegations that it lists securities on its platform after the US Securities and Exchange Commission (SEC) embarked on an investigation over the listing of digital assets that should have been registered as securities....
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Philippine Central Bank Governor Explains Crypto Policy — ‘I Don’t Want It Banned’
26.7.2022
The governor of the central bank of the Philippines has shared his policy on cryptocurrency regulation. “I don’t want it banned,” he said, advising investors not to invest money they cannot afford to lose in crypto. Philippine Central Bank Governor on Crypto Regulation Felipe...
Bill addressing stablecoins risks in US likely delayed until September: Report
25.7.2022
The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department, and concerns from the Securities and Exchange Commission
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn
25.7.2022
The financial regulator of the U.S. state of Arizona has warned investors about crypto interest-bearing accounts. “Some companies may materially overstate the degree to which their collateral practices protect their ability to pay investors the stated return,” the regulator said....
Report: South Korean Prosecutors Raid Home of Terraform Labs Co-Founder
25.7.2022
A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data. Seven Cryptocurrency Exchanges Targeted...
Head of African Regional Central Bank Calls for Creation of Digital Currency
25.7.2022
The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belonging to the Central African Monetary Union (CAMU). Ndoba reportedly wants the BCAS...
SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’
25.7.2022
The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens...
Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says
24.7.2022
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not...
Argentinian Government Excludes Crypto Investors From Buying Dollars
24.7.2022
The Argentinian Central Bank has issued a new set of restrictions that are affecting citizens and companies that have purchased cryptocurrency to use it as a hedge against currency devaluation. The bank will only sell dollars at an official rate to individuals and companies that have not purchased...
Finder’s $675 ETH Prediction, India Calls on G20 Re: Crypto Taxes, Peterffy Concerned BTC Could ‘Become Worthless or Outlawed’ — Bitcoin.com News Week in Review
24.7.2022
In this week’s bite-sized digest of the hottest stories from Bitcoin.com News, a new Finder survey knocks down previous forecasts for ethereum’s price a notch, with crypto experts predicting lower long-term prices for the asset. Also, India calls on G20 nations to bring...
Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says
24.7.2022
The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto...
Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine
24.7.2022
Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin...
Coinbase Disputes SEC’s Allegation That the Exchange Lists 9 Crypto Securities
24.7.2022
Nasdaq-listed crypto exchange Coinbase has disputed the allegation by the U.S. Securities and Exchange Commission (SEC) that nine of the crypto assets traded on its platform are securities. The company’s chief legal officer stressed: “Coinbase does not list securities. End...
US Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme
23.7.2022
A federal jury has convicted the founder of “My Big Coin” in a fraudulent scheme that swindled $6 million from cryptocurrency investors. The defendant made several false claims, including that the coins were backed by gold and that the company had a partnership with Mastercard. My...