- Lawmakers have proposed new legislation to clarify crypto regulations in the US and shed light on which qualities determine whether or not a digital asset is a security.
- Rep. Warren Davidson reintroduces the Token Taxonomy Act.
- SEC issues first ever charges over phoney ‘insider information’ on darknet.
- The U.S. does not want cash to go extinct in the presence of a CBDC, according to the Fed’s chairman.
- SEC pushes back against Ripple execs in ongoing fight over personal financial information subpoenas.
- Over 6,000 XRP holders volunteer as third-party defendants in SEC lawsuit.
- SEC has 40 days to respond to VanEck Bitcoin ETF filing.
- Crypto mining tax, energy incentives sent to Kentucky’s governor for final approval.
- Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation.
- Valkyrie files for ETF aimed at investing in publicly-traded, bitcoin-holding companies.
- The WisdomTree Bitcoin Trust filing follows a wave of Canadian approvals and subsequent U.S.-focused prospectus submissions.
- New York regulators award BitLicense to ICE crypto venture Bakkt.
- US-based crypto users likely still have to pay taxes on NFTs, says CNBC.
- Students in Georgia set to be taught about crypto at high school.
- EAEU unlikely to find common ground on crypto regulation, official says
- EU securities regulator warns about risks of ‘non-regulated’ cryptos.
- Irish crypto firms will impose Anti Money Laundering ID checks from April.
- German financial regulator BaFin wants retail investors to be aware of the risks associated with crypto investments, especially in the current bull market.
- Swiss regulator ‘unlikely’ to approve Bitcoin Suisse’s banking license.
- Dutch libertarian posts political campaign signs that read ‘Bitcoin is the future’.
- Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets.
- Belarus tech innovation zone may take on regulatory role for crypto business.
- Bank of Thailand plans to regulate asset-backed stablecoins this year.
- South Korea deepens probe on tax evasion via cryptocurrencies.
- Bitcoin searches in Turkey spike 566% after Turkish lira drops 14%.
- Pakistani province to pilot crypto mining farms.
- Nigeria’s central bank not discouraging people from trading crypto, says governor.
- John McAfee’s bodyguard pleads not guilty to role in crypto scams worth $13M.
- Binance reportedly under CFTC investigation over US-based trading activity.
- The Block Research analyzes the current regulatory frameworks for cryptocurrency businesses and taxation relating to cryptocurrencies in Qatar.
- And more!
CBDCs won’t entirely replace cash if the US Fed gets its way: The U.S. does not want cash to go extinct in the presence of a CBDC, according to the Fed’s chairman.
US May Lose First Mover Crypto Advantage if Bitcoin ETF Not Approved, Says SEC Commissioner Hester Peirce: SEC Commissioner Hester Peirce is sharing her thoughts on the possibility of a Bitcoin exchange-traded fund (ETF) coming to the US market. In a new interview on Thi
nking Crypto, Commissioner Peirce critiques the SEC’s continued decision to withhold approval of a Bitcoin ETF in the US.
Gensler confirmation as SEC chair would be good for crypto, says Hester Peirce: SEC commissioner Hester Peirce is optimistic that the U.S. will eventually offer more clarity for cryptocurrency investors.
US-based crypto users likely still have to pay taxes on NFTs, says CNBC: “If you exchange crypto for any other asset, you immediately recognize a capital gain or loss,” said Robert Frank.
Messari CEO thinks a fresh wave of crypto regulation could be imminent: After nearly a decade of progress since Bitcoin’s inception, regulators could be gearing up for further action, given the industry’s recent growth.
Why recent developments in Canada suggest a bitcoin ETF is coming soon to the U.S.: Recent developments north of the border suggest that the end of the battle for a bitcoin ETF is finally near.
Rep. Warren Davidson reintroduces the Token Taxonomy Act: The Token Taxonomy Act aims to amend the Securities Exchange Act of 1934 to distinguish digital tokens from other types of assets.
The Token Taxonomy Act of 2021: Preemption of inconsistent state laws: A deep analysis of the proposed definition of digital token, which is likely to be far simpler than the Howey Test.
Lawmakers Introduce Bill To Bring Long-Awaited Crypto Clarity in the US: Representatives Patrick McHenry (R-N.C.), Stephen Lynch (D-Mass.), Glenn Thompson (R-Pa.), Ted Budd (R-N.C.) and Warren Davidson (R-Ohio) introduced the legislation called the “Eliminate Barriers to Innovation Act of 2021” last Tuesday. The law’s objective is to establish the jurisdiction of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over cryptocurrencies. The SEC oversees assets classified as a security, while the CFTC is in charge of commodities. The bill will create a working group to evaluate the legal and regulatory frameworks governing digital assets in the US.
SEC issues first ever charges over phoney ‘insider information’ on darknet: The SEC has taken action against a Californian man for fraudulently offering insider stock trading tips on a darknet marketplace.
SEC has 40 days to respond to VanEck Bitcoin ETF filing: It is Bitcoin ETF decision season once again for America’s securities regulator amid a changing of the guard at the commission.
Proposed FinCEN rule is a ‘grave threat to personal privacy,’ says Coin Center: After the U.S. Treasury Department extended the comment period for anyone to express their thoughts on a proposed crypto rule, non-profit crypto policy advocate group Coin Center has made another — and possibly final — argument to regulators.
Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation: Coinbase has settled with the Commodity Futures Trading Commission, according to a Friday announcement, and will pay a $6.5 million penalty.
SEC pushes back against Ripple execs in ongoing fight over personal financial information subpoenas: The Securities and Exchange Commission pushed back last Wednesday after two executives of distributed ledger company Ripple asked a federal court to stop the U.S. regulator from subpoenaing personal financial records.
Over 6,000 XRP holders volunteer as third-party defendants in SEC lawsuit: XRP holders claim their interests aren’t being represented in an ongoing SEC lawsuit against Ripple Labs. Now, they want to enter the fray as third-party defendants.
Students in Georgia set to be taught about crypto at high school:
High school students in Georgia look set to be taught about crypto after a new financial literacy program was approved by the Georgia House of Representatives.
Crypto mining tax, energy incentives sent to Kentucky’s governor for final approval: Kentucky’s legislature has cleared a pair of proposed laws that collectively aim to attract cryptocurrency mining companies to the U.S. state.
Valkyrie files for ETF aimed at investing in publicly-traded, bitcoin-holding companies: The fund will primarily invest in bitcoin-related firms, especially those with “innovative balance sheets.”
WisdomTree becomes latest firm to submit bitcoin ETF filing to SEC: The WisdomTree Bitcoin Trust filing follows a wave of Canadian approvals and subsequent U.S.-focused prospectus submissions.
New York regulators award BitLicense to ICE crypto venture Bakkt: Bakkt, the crypto venture founded by Intercontinental Exchange (ICE), has received virtual currency and money transmission licenses from New York’s finance industry regulator.
Texas securities board takes action against hoax ‘Binance’-branded scheme: The Texas State Securities Board has entered an emergency cease and desist order against a shape-shifting, fraudulent cryptocurrency scheme using the Binance brand to lure investors.
Binance reportedly under CFTC investigation over US-based trading activity: The world’s largest cryptocurrency exchange is reportedly being probed by the CFTC over concerns it facilitated crypto derivatives trading for U.S.-based customers.
CZ responds to reports of Binance investigation: story has no “teeth”: The Binance CEO vigorously defended the company’s KYC/AML practices, dismissing reports of an investigation.
EAEU unlikely to find common ground on crypto regulation, official says: The Eurasian Economic Union’s member states did not support an initiative to synchronize crypto regulations.
EU securities regulator warns about risks of ‘non-regulated’ cryptos: The ESMA analyzed the impact of COVID-19 on financial markets, highlighting the supposed risks linked to crypto investment.
UK trade body urges chancellor to step in over crypto register saga: CryptoUK, the trade association representing more than 50 British crypto firms, has called on chancellor Rishi Sunak to intervene over a delayed anti-money laundering registration process that has trapped hundreds of crypto startups in limbo.
UK advertising watchdog cuts ‘irresponsible and misleading’ Bitcoin ad: The advert, which was alleged to have targeted retirees, was deemed to be misleading and irresponsible by a U.K. advertising authority.
Irish crypto firms will impose Anti Money Laundering ID checks from April: Irish companies operating with crypto, and the firms servicing them, will have to adhere to AML and CFT for the first time starting next month.
Germany’s financial regulator issues retail crypto investment warning: German financial regulator BaFin wants retail investors to be aware of the risks associated with crypto investments, especially in the current bull market.
Swiss regulator ‘unlikely’ to approve Bitcoin Suisse’s banking license: But Bitcoin Suisse still has “many options on the table,” says the firm’s CEO.
Dutch libertarian posts political campaign signs that read ‘Bitcoin is the future’: “I wanted to have something that stood out and showed people that we embraced Bitcoin as a solution for a revolution,” said the party chairman.
Citi’s government affairs co-head in Europe joins financial data DeFi DIA: Ioana Surpateanu, formerly co-head of European government affairs at Citi, has joined DIA, the decentralised finance project focused on crowd-verified financial data.
Bank of Thailand plans to regulate asset-backed stablecoins this year: After issuing a warning against a Baht-pegged stablecoin produced by a South Korea-based firm, Thailand plans to introduce a series of regulations for stablecoins in 2021.
Thailand’s central bank warns against ‘illegal’ THT stablecoin: The Baht-pegged stablecoin produced by Terra has come under fire from Thai bankers.
South Korea deepens probe on tax evasion via cryptocurrencies: South Korea’s tax authority is going after individuals hiding their assets in cryptocurrencies as a way of avoiding tax payments.
Experts say new South Korean crypto rules will create a monopolized market: Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators’ new requirements.
Report all crypto transactions or face 5-year jail term in South Korea: Strict reporting rules for crypto businesses in South Korea are set to come into effect, with existing firms given six months to comply or face stiff penalties.
Korean crypto exchanges to be subject to penalties for any AML failures: South Korea’s top financial regulator has introduced new penalty standards for crypto exchanges if they fail to implement proper AML measures.
Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets: Russia is apparently preparing to scrutinize cross-border cryptocurrency transactions for potential illegal activity.
Belarus tech innovation zone may take on regulatory role for crypto business: The administration of Belarus Hi-Tech Park is the best authority to regulate the crypto market in the country, First Deputy Prime Minister Nikolai Snopkov said.
India to have a ‘window’ for Bitcoin, says minister amid crypto ban FUD: The Ministry of Finance of India continues to form a careful position on private cryptocurrencies.
India To Introduce All-Out Cryptocurrency Ban Targeting Miners and Traders: India is reportedly gearing up to introduce a bill that will criminalize the trading, holding, and mining of cryptocurrencies. Reuters cites a senior government official familiar with the matter who says the proposal seeks to fine anyone issuing, holding, trading, and transferring crypto assets.
Amid ban rumors, billionaire Nandan Nilekani says crypto can help Indians: Co-founder of major Indian tech company Infosys Nandan Nilekani has urged the government to help MSMEs access capital using Bitcoin.
Optimism abounds for crypto and blockchain adoption at virtual Blockchain Africa: Blockchain Africa highlights the remaining hurdles that stand in the way of widespread adoption of crypto and blockchain on the continent.
Bitcoin searches in Turkey spike 566% after Turkish lira drops 14%: Searches for Bitcoin emanating from Turkey exploded after news broke regarding the 14% plunge in the value of the Turkish lira.
Pakistani province to pilot crypto mining farms: The Pakistani province of Khyber Pakhtunkhwa will build two pilot cryptocurren
cy mining firms as part of a new state policy.
Nigeria’s central bank not discouraging people from trading crypto, says governor: The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks.
A comprehensive regulatory overview of Qatar: The Block Research analyzes the current regulatory frameworks for cryptocurrency businesses and taxation relating to cryptocurrencies in Qatar.
John McAfee’s bodyguard pleads not guilty to role in crypto scams worth $13m: John McAfee’s bodyguard and executive advisor has pleaded not guilty to involvement in crypto scams that duped investors out of $13 million.
Binance hires Max Baucus, longtime member of the US Senate, as a regulatory advisor: Max Baucus will provide Binance with policy guidance and act as a liaison between the crypto exchange and regulators.
Crypto startup Blockchain.com adds former Obama aide to its board: Blockchain.com, a crypto services provider, has added a former aide to President Barack Obama to its board of directors.
Arthur Hayes seeks voluntary surrender in Hawaii court with $10 million bail: Lawyers for the former CEO of crypto derivatives exchange BitMEX are proposing Hayes’ voluntary appearance on April 6, with his potential release on bail subject to a $10 million personal recognizance bond.
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