REGULATION
Kazakhstan plans to reduce tax fraud and unlawful business operations
The obligation will gather "information on the revenue of digital miners and digital mining pools for tax purposes" starting Jan. 1, 2024.
SEC Chair Gary Gensler Warns Crypto Companies
Kraken agreed to shut down its U.S. staking services and initiatives, but SEC chair Gary Gensler advised other businesses to “come in and respect the law.”
Mississippi State Senate Passes Bill to Protect Crypto Miners
The Mississippi state senate approved a law to shield the bitcoin mining business from unfair "regulatory hurdles."
Kraken Agrees to Cease Staking Services for U.S. Clients
Kraken settled with the SEC by ending its staking program and paying $30 million in disgorgement, prejudgment interest, and civil penalties.
The U.S. government's regulatory strategy towards crypto firms
US officials reportedly discourage banks from serving the bitcoin business.
Creditors, Borrowers, and US Trustee Object to Celsius delaying reorganization plan
Celsius received objections from the unsecured creditors committee, Withhold account holders, the U.S. Trustee, and borrowers to extend the restructuring plan deadline.
Former FTX CEO Sam Bankman-Fried Restricted from Using encrypted messaging apps
Judge Lewis Kaplan ordered former FTX CEO Sam Bankman-Fried to stop using encrypted chat applications as a condition of his $250-million bail release.
Tether Completes Reserves Attestation by Major Global Accounting Firm
BDO, a global accounting company, has attested Tether's reserves.
Russia Gives Tax Incentives to Crypto Miners
Russia offers tax benefits for crypto mining investors during tough times.
Global Efforts to Classify Cryptocurrencies
Cryptodata website 21Shares and CoinGecko have launched a worldwide crypto asset classification system.