Regulation Financial News

02.02 / 17:05

Government regulation IRS us government Taxes Bitcoin Mind What crypto hodlers should keep in mind as tax season approaches

Filing taxes for cryptocurrency can be a confusing and daunting task for many individuals. The United States Internal Revenue Service (IRS) treats cryptocurrency as property subject to capital gains taxes. Knowing this appears to make filing crypto taxes simple, but crypto’s unique nature means there are many unanswered questions.

02.02 / 17:01

Stablecoin regulation Altcoin Tether Terra Tether CTO Paolo Ardoino on taking the bull by the horn

Stablecoins have been under much scrutiny after the implosion of the third-largest stablecoin by market cap, TerraUSD (UST), in May 2022. The UST saga led to a lot of skepticism that caused consumers to question the safety of stablecoins.

02.02 / 14:03

business CBDC regulation Reserve Bank of India Indian Government Indian Support Indian retail chain rolls out support for CBDC payments in stores: Report

One of India’s biggest retail chains, Reliance Retail, announced that they have started accepting the digital rupee at one of its store lines and plans to extend the rollout to all its businesses.

02.02 / 13:43

Law regulation Bank of China Bitcoin Bank of China ex-advisor calls Beijing to reconsider crypto ban

The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions.

02.02 / 09:30

business regulation Loans Bankruptcy Voyager victim calls for trustee to seize control of the estate

A Voyager creditor and finance lawyer wants to see a chapter 11 trustee appointed in crypto brokerage Voyager Digital’s bankruptcy trial, which would see Voyager lose control of its estate.

02.02 / 08:39

markets Government Law Adoption Digital Currency regulation SEC moody’s regulatory Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s

Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space, according to credit rating firm Moody’s.

02.02 / 04:23

regulation Federal Reserve inflation Interest rates Market Capitalization Press Release crypto market cap Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation'

The total crypto market cap jumped nearly 4% following a speech from United States Federal Reserve Chair Jerome Powell in which he suggested the economy’s disinflationary process has started.

02.02 / 01:03

regulation coinbase security Court class action Judge dismisses proposed class action suit alleging Coinbase securities sales

A proposed class action suit against cryptocurrency exchange Coinbase, Coinbase Global and CEO Brian Armstrong alleging unregistered securities sales was dismissed in the United States District Court of Southern New York on Feb. 1. The suit, filed on March 11, claimed that 79 of the tokens listed on Coinbase were securities being sold without proper registration and customers were not warned of their risks.

01.02 / 23:23

regulation sanctions Bitcoin Wallet US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group

The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals.

01.02 / 21:35

Law regulation Social Media Metaverse Meta Meta gets court win in metaverse acquisition plans: Report

A federal judge in the United States has reportedly given approval for tech giant Meta to move forward on acquiring a virtual reality company.

01.02 / 19:37

Law regulation FTX Messaging App Federal judge bars SBF from contacting FTX and Alameda employees, using Signal

A federal judge presiding over the criminal case against former FTX chief executive officer Sam Bankman-Fried has ordered he not have any contact with current or former employees of the exchange as part of his bail conditions.

01.02 / 16:45

Adoption regulation FTX Court Fried Sam FTX debtors FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried

A motion filed in the United States Bankruptcy Court for the District of Delaware seeks to glean valuable information from the likes of Gabriel Bankman-Fried and Barbara Fried, the brother and mother of the FTX founder.

01.02 / 14:11

business Stablecoin regulation Tether Celsius Borrowing Tether CTO denies borrowing from bankrupt lender Celsius

Tether (USDT) — the world’s largest stablecoin by market capitalization — has never received any loan from the bankrupt cryptocurrency lender Celsius, according to the chief technology officer.

01.02 / 13:47

Stablecoin Adoption regulation ICO crypto framework UK treasury Framework UK Treasury publishes crypto framework paper: Here's what's inside

His Majesty’s Treasury published a long-anticipated consultation paper for the United Kingdom's upcoming crypto regulation. The extensive 80-page document covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens (NFTs) and initial coin offerings (ICOs).

01.02 / 13:13

Blockchain regulation Taxes Tax reduction National Here's why India held on to older crypto reforms in national budget 2023

Cryptocurrency and blockchain technology found no mention in India’s union budget for the year 2023, bringing down the hopes of millions of crypto holders in the country. Many in the Indian crypto community were hoping for some reduction to the high crypto tax, implemented in March 2022.

01.02 / 09:19

business Mining regulation SEC Banks Interest rates Loans Backed Crypto-friendly bank ends loans backed by crypto mining rigs

The holding company for the crypto-friendly bank, BankProv, has revealed it’s no longer providing loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans primarily secured by them throughout 2022.

01.02 / 05:53

business regulation Scams Fraud Forex investigation Crypto scammers abuse 'lax' UK company laws to fool victims: Report

The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams according to an independent analysis.

01.02 / 05:53

business regulation Fraud us government Gold marketing advertisement Founder of $7.5M 'brazen fraud scheme' to see 8 years behind bars

Founder of “My Big Coin” and convicted fraudster Randall Crater has been sentenced to 100 months in prison and has been ordered to pay over $7.6 million to the victims of his fraudulent scheme.

01.02 / 00:47

regulation proof-of-work Energy Consumption lawmakers US lawmakers Bitcoin mining advocate is going state-to-state to educate US lawmakers

Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.

31.01 / 19:59

regulation FTX Congress lawmakers US lawmakers US lawmakers renew request for answers from Silvergate on FTX: Report

Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange FTX.

31.01 / 17:39

UPS regulation Metro South Korean Regulators Set to Carry out ‘Regular’ Crypto Firm Probes

South Korean financial regulators will start conducting “regular” on-site inspections at domestic crypto firms this year. And they say they will investigate not only exchanges, but also wallet operators and crypto custody-related firms.

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