REGULATION
U.S. Intends to Impose Tax on Crypto to Support Infrastructure Construction Amid Musk and Dorsey Express Strong Dissatisfaction
As the bipartisan Senate began to vote on President Joe Biden's infrastructure package, the taxation of cryptocurrency transactions in this infrastructure plan cited Tesla CEO Elon Musk, Jack Dorsey, Senator Criticism by Ted Cruz, and others.
New Bitcoin Tax Plan Stifles Blockchain Technology
After a fierce debate exploded over how to tax cryptocurrency, a bid to pass an infrastructure bill worth approximately $1 trillion has stalled in the US senate.
US Senators Made Bipartisan Compromise on Crypto Clause in Infrastructure Bill
The group of Senators pushing for amendments to the Infrastructure Bill has arrived at a compromise as confirmed in a press conference held on Monday.
CFTC Commissioner Brian Quintenz: US SEC Has No Authority Over Cryptocurrencies
The recent heated debate between the US SEC officials and the CFTC over who should police crypto tokens highlights the difficulty in applying existing regulations to the nascent sector.
Gary Gensler Wants Congress to Back the SEC in Regulating Crypto
SEC Chair Gary Gensler wants Congress to give his agency more powers to regulate the crypto industry.
FTX CEO Spends 5 Hours per day to Deal with Regulatory Issues
FTX CEO Sam Bankman-Fried revealed he spends five hours a day to deal with regulatory and licensing of cryptocurrencies issues, according to a CNBC report Monday.
South Korean Watchdog Uncovers 14 Fake Bank Accounts Used by Crypto Exchanges
The South Korea financial regulator has uncovered 14 fake accounts used by crypto exchanges.
Sen. Warren Nudges Treasury Sec, Regulators to Address Crypto-Related Risks
The request for crypto regulation was re-emphasised through the letter to U.S. Treasury Secretary Janet Yellen by Democrat Senator Elizabeth Warren.
Currency.com Joins UK's Crypto Trade Association CryptoUK as an Executive Member
Currency.com has officially announced that it will join CryptoUK, the trade association of the UK's encrypted digital industry, as an executive member. It commits to share best practices and recommend how the sector responds to industry developments.
European Commission Moves to Tighten Rules on Cryptocurrency Transfers
The European Commission has announced that firms transferring Bitcoin and other cryptocurrencies must collect details of payers and payees to help regulators prevent the flow of dirty money.