The U.S. Securities and Exchange Commission wants companies to publicly disclose if they have exposure to crypto assets, including whether they do business with any crypto-related companies. Th...
Tag: Regulation
Senators question U.S. banking regulators on crypto exposure
Two U.S senators have written to agencies tasked with supervising the financial sector to seek details about banks’ exposure to cryptocurrencies. Sens. Elizabeth Warren, D-Mass., and Tina ...
Top EU regulator points out crypto opposes regulation
European commissioner for financial services Mairead McGuinness said that some actors in the crypto space are opposing regulation — but they are only true to crypto’s cypherpunk origins. McGuinness sa...
JPMorgan Chase CEO Jamie Dimon Likens Crypto to Pet Rocks — Calls for More Regulation – Featured Bitcoin News
JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe f...
ECB’s Fabio Panetta says crypto needs regulation to maintain stability
European Central Bank official Fabio Panetta has argued that the crypto market cannot be trustless and stable without adequate transparency and regulatory safeguards. Panetta while speaking at the Lon...
Dear Tax Guy: Our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much?
We gave our daughter money towards a down payment on a home and learned we had to file a gift tax return. Our accountant charged us $486 for this. Why can’t you just add a form to your regular tax ret...
The Majilis approve new crypto regulation bill in Kazakhstan
The Majilis have approved the new bill “On Digital Assets of the Republic of Kazakhstan” governing the regulation of crypto assets alongside four other crypto mining regulation bills in Kazakhstan. 1/...
Paraguay’s legislature fails to reverse presidential veto on crypto regulation law
The lower house of Paraguay’s bicameral legislature has failed to move forward on a bill aimed at promoting crypto mining through the use of surplus electricity following a veto from President M...
Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready – Regulation Bitcoin News
Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryp...
Court in China Recognizes NFTs as Virtual Property Protected by Law – Regulation Bitcoin News
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a...
Cryptocurrency investor losses are being turned into IRS gains — here’s how they’re doing it
The Internal Revenue Service has been turning up its scrutiny on cryptocurrency investors in recent years, and as that happens, more investors have been turning to the tax code’s rules on investment l...
Paraguay legislature strikes down crypto mining bill
Paraguay struck down a crypto bill that would cap electricity rates for mining operations. The bill was generally aimed at regulating the commercialization, intermediation, exchange, transfer, c...
Code is the answer – not more regulation and intermediaries
Heavy regulation is on the horizon for the crypto industry. However, is this going to help the innovations that can change everything for finance? Crypto to zero? According to leaders from the banking...
UK’s Crypto Industry Under Scrutiny After Regulation Plan
The UK government is reportedly working on a framework aimed at regulating the cryptocurrency industry. The UK Treasury, which will be in charge of scrutinizing the sale and marketing of crypto assets...
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry – Regulation Bitcoin News
Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of inn...
UK Completes Its Plan for Crypto Regulation, Following FTX Demise
44 mins ago | 2 mins read Editors News The UK Treasury is finalizing a plan for the regulation of the cryptocurrency industry. FCA already began monitoring UK’s crypto companies this year. The UK Trea...
India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims – Regulation Bitcoin News
An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the sam...
Gensler to brief House Democrats in run-up to FTX hearing: Exclusive
Democrats of the House Financial Services Committee will hear from Securities and Exchange Commission Chair Gary Gensler in the lead-up to a hearing on FTX next week. Gensler will speak at a Dem...
FTC investigating crypto firms over misleading advertising: Bloomberg
The U.S. Federal Trade Commission is looking into several unnamed crypto firms over allegations of deceptive or misleading advertising, the agency told Boomberg News. A spokesperson for the regu...
Chinese Hangzhou Court calls for NFT regulation
China’s Hangzhou Court claimed that NFTs carry characteristics of property rights like value, scarcity, disposability, and readability, and therefore should be protected by the law. The Hangzhou Inter...
Crypto lender Nexo says it’s leaving the U.S., cites regulatory ‘dead end’
Facing a phalanx of regulators, cryptocurrency lending platform Nexo says it is “phasing out” the U.S. side of its operations. In a statement announcing a “gradual” depa...
Tax deadlines for retirees: do this before the year ends
It’s the most wonderful time of the year for holiday cheer – and last-minute tax tips. Retirement Tip of the Week: As we approach the new year, look for tax-advantageous strategies to cut your tax bi...
Maxine Waters Criticized for Praising SBF — Lawmaker Says ‘We Appreciate That You’ve Been Candid’ – Regulation Bitcoin News
Congresswoman Maxine Waters has been heavily criticized for saying that she appreciates former FTX CEO Sam Bankman-Fried (SBF) being candid in his discussions about the collapse of his crypto exchange...
What Is Meant by AMC Regulation?
AMC Regulation: If you are new to investing, you may have heard the term “AMC” a number of times. AMCs are one of the most important parts of the investment market, with a substantial market influence...
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity – Regulation Bitcoin News
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, th...
U.S.-traded Chinese stocks clinch best week since at least March as reopening hopes help spark rebound
Shares of U.S.-traded Chinese stocks on Friday posted their best week since at least March, with one popular exchange-traded fund clinching its biggest weekly advance since 2011, as shared recovered f...
Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets – Regulation Bitcoin News
The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechan...
Here’s why the smart money is betting on value stocks to outperform growth
You should be skeptical of the growth story that periodically captures stock investors’ attention. That’s because the companies that Wall Street believes will grow the fastest in the future rarely liv...