Regulation Financial News

11.04 / 10:11

Mining regulation Taxes Bitmain Bitcoin Bitcoin mining firm Bitmain reportedly fined for tax violations in China

Beijing-based cryptocurrency mining firm Bitmain has reportedly violated tax regulations in China, with local authorities imposing major fines.

11.04 / 08:09

business regulation Investments G20 global crypto community AIM global framework Framework G20 countries aim to develop global framework against crypto-related risks

The G20 — an intergovernmental forum comprising 19 countries and the European Union — has planned to develop a common framework for helping all countries deal with risks associated with cryptocurrency investments.

11.04 / 04:27

CBDC Payments regulation us government Federal Reserve Presidential hopefuls RFK Jr. and DeSantis rally against FedNow

Presidential hopefuls Robert F. Kennedy Jr. (RFK Jr.) and Ron DeSantis are rallying against the Federal Reserve’s FedNow payments system claiming it would pave the way for a Central Bank Digital Currency (CBDC).

10.04 / 23:35

regulation IRS Taxes Startups Tax reduction tech startups New R&D tax rules could bankrupt your blockchain startup

The new R&D law has overly broad language that states “any and all” software development must be amortized over five years if the development took place in the United States, or over 15 years if the work was done overseas. The change doesn’t sound so bad on its surface; some argue it might even create more tech jobs in the U.S.

10.04 / 16:25

Mining regulation Energy Consumption 'Don't Mess with Texas Innovation' — advocates criticize bill removing crypto mining incentives

Three crypto advocacy groups have launched a campaign in response to proposed legislation that would remove many incentives for miners operating in Texas.

10.04 / 15:15

regulation Legal Asia Bank of England UK US President Fried Sam Time Brett Today in Crypto: 'Now is Best Time to Invest in Web3', Ex-FTX US President Brett Harrison Resigned Due to 'Protracted Disagreement' with Sam Bankman-Fried, Bank of England Building a CBDC Team

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

10.04 / 14:49

Adoption Mining regulation Bitcoin BTC Mining Bitcoin proponents respond to New York Times’ BTC mining report

The New York Times’ latest report on Bitcoin (BTC) mining, titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponents — some of whom took to Twitter to call out certain aspects of the report, including saying it was “cherry-picking” data.

10.04 / 07:39

Technology Adoption regulation ChatGPT Support OpenAI finds fresh support from Japan amid global country-wide bans

Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the company.

10.04 / 02:57

Law regulation FTX Court Financial FTX financial controls were a ‘hodgepodge’ of apps, says court filings

FTX was run by three inexperienced people “not long out of college,” who relied on “a hodgepodge” of online shared documents and communications across a series of different apps to manage the multi-billion dollar empire according to FTX CEO John Ray III.

09.04 / 06:47

Law regulation Gold Senate bills lawmakers Backed Texas lawmakers propose a gold-backed state digital currency

Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency (CBDC).

09.04 / 02:39

Law regulation SEC Decentralization DAO investigation Sushi’s head chef addresses community concerns amid SEC subpoena

Japan-based decentralized autonomous organization (DAO) Sushi's head chef Jared Grey and his counsel stated that as far as they know, no one associated with Sushi has violated U.S. federal security laws, while providing reassurance that he is cooperating with the United States Securities and Exchange Commission (SEC) subpoena.

08.04 / 21:45

Mining regulation proof-of-work Bitcoin rights Bill protecting Bitcoin mining rights passes in Arkansas Senate and House

A bill seeking to regulate Bitcoin mining activity in the State of Arkansas has passed in both the House of Representatives and Senate, moving now to the governor's office for approval.

08.04 / 02:49

regulation SEC coinbase us government Congress Sec Chair Congressman Tom Emmer says SEC chair Gary Gensler is a 'bad faith regulator'

Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.”

07.04 / 16:11

regulation Elections Thai political party looking at PM race promises $300 in crypto upon victory: Report

The Pheu Thai Party, a political party in opposition to the current Thailand prime minister's, has reportedly proposed giving nearly every citizen of the country roughly $300 in digital currency should it win the next election.

07.04 / 13:19

Adoption regulation wallet Europe European Union identity data privacy Europe’s digital ID wallet — Easy for users or a data privacy nightmare?

On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European Digital Identity Wallet,” also known as EUDI Wallet or EU wallet.

07.04 / 10:55

Binance regulation Terra Luna Terraform Labs Terra Bitcoin Do Kwon converted illicit funds from Luna to Bitcoin: S.Korean prosecutors

South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon.

07.04 / 08:19

Stablecoin defi regulation Bitcoin Regulation Int'l securities body IOSCO prepares crypto regulation report for 2023

The International Organization of Securities Commissions (IOSCO) will launch a consultation for its regulation report on crypto assets already in the current quarter (Q2) of the year. The final recommendations from the Organization are planned to be published by the end of 2023.

07.04 / 05:51

CBDC regulation European Union ECB Euro CBDC will be used for ‘control’ ECB president admits in vid chat with fake Zelensky

A widely shared video of European Central Bank (ECB) President Christine Lagarde admitting that a Digital Euro will be used in a "limited" way to control the payments people can make was taken from the three week old prank video.

07.04 / 04:03

business defi regulation Social Media marketing UK government UK uses Love Island star to warn finfluencers on crypto and investment schemes

The financial and advertising regulators of the United Kingdom have teamed up to send a warning to social media “finfluencers” telling them to stop promoting illegal “get rich quick” schemes or face law enforcement.

06.04 / 21:33

business regulation Marketplace Paxful Paxful co-founders’ litigation cites misappropriation of funds, money laundering, U.S. sanctions evasion

A bitter dispute between Paxful's co-founders Artur Schaback and Mohamad (Ray) Youssef in Delaware's courts may have been the real reason behind the Bitcoin marketplace's sudden closure on April 4.

06.04 / 20:49

business Government regulation Fraud Washington state DFI warns Eucoinotrade may be engaging in ‘advanced fee fraud’

The Washington State Department of Financial Institutions (DFI) has issued a consumer protection alert addressing the “alleged cryptocurrency exchange” known as Eucoinotrade.

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