U.S. SEC Setting up New Office to Look After Crypto Filings
The U.S. Securities and Exchange Commission (SEC) is set to create a new office to handle the review of company filings related to crypto assets. Named the Office of Crypto Assets, it will be under the SEC's Division of Corporate Finance as part of its Disclosure Review Program (DRP).
Republican lawmakers call for answers on digital dollar from Fed vice chair
The House members asked for clarification on whether the Fed may be considering an “intermediated model” for a digital dollar that could require authorization from Congress.
Japanese Regulator Wants to Reform Crypto Tax Laws for Companies & Investors
Japan’s top financial regulator, the Financial Service Agency (FSA), has indicated that it is prepared to reform the nation’s tax laws that govern the way firms and their investors are taxed on their interactions with crypto.
Luxury Life For Crypto – Puerto Rico Opens the Door to Bitcoin Real Estate Buying
An avid Bitcoin enthusiast and property entrepreneur is selling his beautiful luxury 2-story property in the “Hidden Valley” of Guaynabo, Puerto Rico. The property is situated amidst a picturesque landscape with the convenience of the center of San Juan metro within several minutes drive.
Bank Of Korea Calls For End To ICO Ban
The central Bank of Korea (BOK) is changing its stance on the blanket ban of domestic initial coin offerings (ICO) after having instituted it in 2017.
MAS doesn’t trust retail crypto investments, mulling more regulations
Regulators in Singapore say cryptocurrencies are problematic due to high market volatility and warn against retail investments in cryptocurrencies.
Australia To ‘Token Map’ Its Crypto Industry
Australia will become the first country in the world to chart the number, type, and underlying code of available cryptocurrencies.
All U.S. Crypto Exchanges Including Binance To Be Investigated By SEC
According to a staffer from the office of United States Senator Cynthia Lummis, every exchange in the country, as well as Binance, is reportedly being investigated by the U.S. Securities and Exchange Commission (SEC).
UK Parliamentary Group Seeks Views of Crypto Industry Players
A parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation. In addition to gathering information via evidence sessions, the APPG said it is also open to views from players in the sector.
Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says
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.
Crypto Purchases Using Credit Cards To Be Banned In Taiwan: Report
Cryptocurrency transactions using credit cards will no longer be allowed in Taiwan, as the island nation’s watchdog believes digital currencies are risky and speculative assets, local reports disclose.
Ireland Authorizes Gemini As Crypto Service Provider
Crypto exchange Gemini has been officially authorized as a virtual asset service provider in Ireland.
Gemini becomes Ireland’s first approved Virtual Asset Service Provider
US-based crypto exchange Gemini expands into Europe as it receives an additional license from the Central Bank of Ireland.
Singapore Plans To Strengthen Its Regulations On Cryptos
Singapore has voiced its intentions to broaden the scope of cryptocurrency regulations in the country. The Monetary Authority of Singapore (MAS) plans to consult and revise its proposed regulations in September or October, according to Managing Director Ravi Menon. Mr. Menon said the revised rules may include further tightening retail-investor access to cryptocurrencies.
New High Tax Rate On Crypto Miners In Kazakhstan, Here’s Why
Kazakhstan has imposed new tax rules on crypto miners, this new taxation system shall be differentiating the tax rates on crypto mining. It also includes crypto miners that use renewable energy resources. President of Kazakhstan Kassym-Jomart Tokayev has signed this law which shall be amended into the country’s Tax Code.
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s financial isolation amid the ongoing Russian assault on Ukraine.
This U.S. Senate candidate wants to make Dogecoin legal tender in California
Timothy Ursich has urged the chief executive officer of Tesla, Elon Musk, and Dogecoin co-founder Billy Markus, to support his campaign in California.
Binance Bolsters Security Measures By Tightening KYC and Sanctions Screening
To ensure the sanction compliance and save the platform from the potential risk posed by illicit transacting of crypto, the well-established cryptocurrency exchange Binance has partnered with two firms, including analytical data firm Kharon and cloud-native screening provider Neterium.
IMF Chief Speaks of Crypto ‘Pyramid’ Concerns – But Also ‘Begs’ Not to Abandon Crypto Progress
The head of the International Monetary Fund (IMF) has waded into the terra (LUNA) and UST fallout – seemingly labeling the project a “pyramid,” while also urging regulators to consider the “importance” of the world of crypto and central bank digital currencies (CBDCs).
South Korea Plans Crypto Legislation By 2024, Leaked Report
In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new legislation in place and increasing demand for cryptocurrency services across all areas of commerce, it seems likely they can pull off another major victory.