Federal Reserve Gov. Christopher Waller on Friday fired off a warning about the risks of cryptocurrencies, saying they are “nothing more than a speculative asset, like a baseball card.” “If you buy cr...
Tag: Regulation
IRS says people in most states who got inflation-relief payments don’t have to report it on their taxes. Here’s where.
The IRS is not going to tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs. This week, the IRS has been trying to determine if...
‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions – Regulation Bitcoin News
On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million...
Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program – Regulation Bitcoin News
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his tra...
‘Cash is the cool kid on the block’: High-yield savings accounts, Treasury Bills, money market funds, and CDs — here’s where your cash can earn up to 4.5%
Cash isn’t just the dollar bills you put in your pocket — in this market, it might seem to be a patch of steady ground. There are multiple options: People can put their money in high-yield savings acc...
Ripple CEO Hails Progress In Crypto Regulation Worldwide, Points Out USA’s Flaws
The evolution of cryptocurrencies from speculative investment to a new asset class has caused governments all around the world to look for ways to regulate them. Steps are being taken to make crypto a...
SEC under fire for regulation by enforcement in Kraken staking action
Ad The post-mortum on Kraken’s staking enforcement by the SEC has begun. On Feb. 9, Kraken said it would end its staking service in the U.S. and disclosed paying a $30 million fine to settle allegatio...
‘Is my financial planner crazy?’ We’re 55 and 60, five years from retirement and were told we should invest more aggressively
Dear MarketWatch, Is my financial planner crazy? I recently saw a MarketWatch article that recommended that one’s retirement portfolio should be 100 minus their age in stocks or perhaps even more co...
Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation – Regulation Bitcoin News
Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator...
Crypto tumble as concerns over regulation intensifies
Bitcoin tumbled to a three-week low Thursday, as crypto exchange Kraken halted its staking program and agreed to pay $30 million to settle charges brought by the US Securities and Exchange Commission....
Fed Board Prohibits Member Banks from Holding Cryptoassets as Principal
A new US Federal Reserve rule has further cemented the central bank’s wariness about cryptoasset activities. A statement issued by the board of governors of the Federal Reserve System on Tuesday clari...
Bitcoin slumps in broad sell off amid SEC charges against Kraken, regulation worries
Bitcoin sank below US$22,000 in Friday morning trading in Asia after the U.S. Securities and Exchange Commission slapped a fine on the Kraken exchange, sparking concerns that regulators are set to tak...
Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC – Regulation Bitcoin News
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for ...
Coinbase Warns of ‘Staking’ Crackdown. The Stock Is Tumbling.
Text size Coinbase CEO Brian Armstrong. Patrick T. Fallon/AFP via Getty Images The CEO of Coinbase Global warned the Securities and Exchange Commission might be considering cracking down on a process ...
SEC commissioner breaks with SEC, Gensler on crypto regulation
Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty...
Paxos facing probe by New York regulator: CoinDesk
Stablecoin issuer Paxos is being investigated by the New York Department of Financial Services, according to a CoinDesk report. The news comes after rumors that Paxos was asked to withdraw an ap...
Bitcoin (BTC) Slips Below $23,000 As Crypto Regulation Rumors Spread
In the early hours of Thursday, Bitcoin (BTC) the largest cryptocurrency by market cap, sank to a four-week low. The crypto asset slipped below its hovering $23,000 price range to as low as $22,408 b...
Kraken settles SEC charges over its staking program
Kraken agreed to settle charges brought by the Securities and Exchange Commission for failing to register the offer and sale of its “crypto asset staking-as-a-service program” and will pay a $30 milli...
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers – Regulation Bitcoin News
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. ...
Bitcoin Sinks Below $23,000 as Crypto Regulation Scrutiny Intensifies
Bitcoin (BTC) is again under pressure as the leading cryptocurrency briefly sank to a four-week low of $22,408 on Thursday morning before climbing back to prices of around $22,715 by press time, accor...
Venture capital expected to see more regulatory scrutiny after FTX
Throughout 2022 multiple crypto firms filed for bankruptcy. Then came FTX. The Commodity Futures Trading Commission’s Christy Goldsmith Romero spoke about a “trust deficit” am...
India Needs More Time to Clarify Crypto GST Regulation
The CBIC is yet to conclude how to classify certain areas of crypto transactions. Transactions between parties outside of crypto exchanges and crypto mining are difficult to classify. Officials believ...
Dubai: new guidelines for crypto regulation
Breaking news: Dubai releases new guidelines for crypto regulation related to virtual asset service providers. The laws apply to market participants within the Emirate of Dubai, with the exception of ...
CFTC can take steps now to protect crypto customers: Johnson
The Commodity Futures Trading Commission’s Kristin Johnson said the agency should consider steps it can take under its current regulatory authority to protect customers following the failure of FTX. ...
UK takes another step towards crypto regulation with ‘Britcoin’ proposal
The UK has moved one step closer to launching a CBDC with a consultation paper outlining the proposed digital pound. The Central Bank and Treasury hope to launch a digital pound by 2025. After 6 Febru...
Regulatory Reforms Needed For Consistent And Fair Crypto Regulation
Advertisement     As part of its multi-stage reform agenda, the Australian government has undertaken a consultative process to understand the crypto ecosystem better t...
Capital of Bosnia and Herzegovina gets its first Bitcoin ATM despite lack of regulation
Although the country’s official stance on the cryptocurrency industry is still unknown, and a bill is yet to be drafted to regulate it, the capital of Bosnia and Herzegovina has recently received its ...
Bitcoin, ether retrench after rising with traditional markets on Fed Chair comments
Cryptocurrencies rose alongside traditional markets in response to comments delivered by Federal Reserve Chair Jerome Powell at The Economic Club in Washington before turning lower. Bitcoin rose...
Korean Regulator Approves Issuance and Distribution of Security Tokens – Regulation Bitcoin News
South Korea’s Financial Services Commission (FSC) has reportedly said that Korean investors will soon be able to easily invest and trade security tokens or fractionalized assets. According to the FSC’...
Why Biden’s 4% buyback tax could boost stock prices and dividends
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually help it. I’m referring to the new 1% excise tax on share repurchases that w...