As Congress concludes 2022 with a sprint to pass laws and a spending deal, tax accountants are joining a chorus of e-commerce companies and pay platforms who say a revamped tax form is about to cause ...
Tag: Regulation
Unified Crypto Policy Regulation Underway by G20 Countries
8 seconds ago | 2 mins read Bitcoin News Gopinath is in India for the moment while she attends the Group of Twenty summit. The policy stance will aid nations to reach an agreement on how to regulate c...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation – Regulation Bitcoin News
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed...
Cryptocurrency Cannot Be Stopped, FTX Collapse Isn’t an Indictment of Crypto – Regulation Bitcoin News
U.S. Senator Pat Toomey says illegal actions by crypto exchange FTX must be separated “from perfectly lawful and innovative cryptocurrencies.” Emphasizing that “The collapse of FTX is not an indictmen...
Brad Sherman: Billionaires Have Prevented Crypto Regulation from Forming
Brad Sherman – a cryptocurrency skeptic and congressman – says crypto billionaires are largely responsible for the fact that digital asset regulation has taken so long to arrive. Brad Sherman Wants Re...
Moving into a retirement community, how to know when you have enough saved, the best RMD strategies and more retirement news
From MarketWatch Retirement: How much should you have saved for retirement? Aim for these age-related benchmarks as you save for retirement. These are the top 10 mistakes people make when planning fo...
My mom spent $90K on bitcoin and gifts in a romance scam. Can the tax code help her?
My mom went into debt to buy bitcoin for a scammer because she thought she was in a romantic relationship with him. She also racked up credit-card debt to mail computers and gift cards to the scammer....
International banking regulatory body backtracks on stablecoins
A Switzerland-based organization that sets international banking standards released new proposed guidance for banks to manage exposure to digital assets that retracts previous draft rules for stableco...
Key financial regulators call for stronger licensing of crypto firms
Several key financial regulators in the U.S. cited issues with cryptocurrency firms and called for stricter licensing at a Friday meeting of the Financial Stability Oversight Council, a committee of U...
G20 to Establish Policy Consensus Regarding Harmonized Regulation of Crypto Assets
The G20 is working to create a global crypto policy consensus for better asset regulation and accountability. The G20 governments are reportedly working on developing a unified crypto policy. If succ...
Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs – Regulation Bitcoin News
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (n...
The Crypto Ice Age Is Here. It Could Get Even Worse.
For crypto investors, the only thing to celebrate about 2022 is that it is almost over. The industry is fighting for its life amid a cascade of scandals, bankruptcies, and fury in Washington over its ...
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions – Regulation Bitcoin News
The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part ...
Australian regulator sues Finder Wallet for ‘unlicensed’ financial services
Australia’s financial watchdog sued Finder Wallet, a subsidiary of comparison website Finder.com, over a crypto-linked yield product. The Australian Securities and Investment Commission (ASIC) s...
US Senators Unveil New Crypto Bill — Experts Call It the ‘Most Direct Attack’ on Personal Freedom and Privacy of Crypto Users – Regulation Bitcoin News
Two U.S. senators, including Elizabeth Warren, have introduced a bipartisan bill for the regulation of cryptocurrency. The bill, titled “Digital Asset Anti-Money Laundering Act,” is “the most direct a...
California’s New Fast-Food Employment Council Will Stifle Opportunity In The Golden State
McDonald’s is testing new ordering kiosks at a working restaurant at the company’s Oak Brook, … [+] Illinois headquarters. (Photo by Ralf-Finn Hestoft/Corbis via Getty Images) Corbis...
Germany Calls For Global Regulation Of Crypto Industry
Cryptocurrency regulation is currently a focal point for regulators and lawmakers all across the world. Regulators have been tightening the noose around the crypto industry to safeguard consumers from...
Time for Serious Global Crypto Regulation, Germany Says – Regulation Bitcoin News
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisti...
Latest news on crypto regulation
Major news causing experts and industry enthusiasts to discuss crypto regulation. US Senator Elizabeth Warren recently introduced a bill addressing the self-custody of crypto wallets. In addition, th...
FCA’s incoming chair calls for further crypto regulation
The United Kingdom’s Financial Conduct Authority’s (FCA) recently appointed chair has presented an unfriendly attitude toward cryptocurrencies in a cross-party Treasury select committee meeting....
calls for regulation and crypto criticisms aplenty
United States lawmakers with the Senate Banking Committee had their share of crypto proponents and skeptics in a hearing exploring the collapse of the FTX exchange. In a Dec. 14 hearing on ‘Crypto Cra...
Binance Crypto Exchange Faces Test as Customers Withdraw Funds
There’s nothing in crypto like the New York Stock Exchange, but if the industry has anything close, Coinbase Global and Binance fill that role. Coinbase (ticker: COIN) is based in the U.S. and provide...
Bankman-Fried lieutenant alerted regulators to misuse of customer funds
One of Sam Bankman-Fried’s top lieutenants told Bahamian authorities that customer funds from the firm were used to plug holes in the balance sheet of his investment fund, Alameda Research. In a...
Next UK financial regulator calls for tougher crypto rules: FT
Ashley Alder, the UK’s next Financial Conduct Authority chair, had harsh words for crypto platforms as he addressed members of parliament, the Financial Times first reported. Speaking at a cross...
CFPB not planning crypto crackdown, says Bureau Director Chopra
The Consumer Financial Protection Bureau is not planning an immediate crypto crackdown, its director said today, while choosing his words carefully. “Crypto is not a product. Certain electronic ...
US Regulation Heats Up; Bitcoin Rises, Then Falls
Ether (ETH): The second-largest cryptocurrency by market cap after bitcoin similarly followed BTC’s trajectory, sliding around 1% to $1,310 as of publication time. Earlier in the day, PayPal and MetaM...
Australia is set to tighten crypto regulation in 2023, here’s how
In light of the worrying events that have transpired in the crypto market over the past few weeks, the government of Australia has moved to ramp up safety and regulation for crypto. Australian Treasur...
FTX Collapse Forces Crypto Regulation Buffs Across the Globe
In two separate statements this week, the finance watchdogs of Hong Kong and Canada warned investors of risks associated with crypto providers. Both are beginning to introduce and expand crypto regula...
Crypto regulation according to Peirce
One of the SEC’s most influential commissioners, Hester Peirce, is a big believer in cryptocurrency and hopes that despite some physiological failures of the market’s worst companies, there won’t be a...
The Fed Will Lift Rates at Its Meeting Today. What to Expect After That.
The Federal Reserve’s efforts to tame runaway inflation appear to be working, but there is still a long way to go. Investors rejoiced on Tuesday, sending stocks higher after the release of a fifth-str...
DraftKings Is Questioned by the Market. Citi Says the Stock Is a Buy.
DraftKings doesn’t get enough credit from the market, says one Citi analyst, citing the company’s ability to grow as more states legalize online sports betting. In a research note issued Thursday, Cit...