In brief President Biden’s 2023 budget proposal suggests applying several accounting and tax reporting rules to digital assets. Doing so, the administration says, could generate $11 billion in r...
Tag: Rules
SEC Unveils New SPAC Rules Targeting ‘Unreasonable’ Financial Projections And Requiring More Disclosures
Topline The Securities and Exchange Commission proposed a set of measures to bolster disclosure requirements for special-purpose acquisition, or blank-check, companies on Wednesday amid a wave of scru...
SEC targets SPACs with new rules about forecasts, mergers
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images The Securities and Exchange Commissi...
Europe’s Landmark Crypto Regulation Is Advancing, but New Privacy Rules May Be More Important
MiCA seems to be moving forward. If implemented, it promises to dramatically streamline the launch process for crypto companies trying to set up shop in more than one of the European Union’s 27 member...
White House Expects to Raise over $10b in Revenue under New Crypto Tax Rules
On Monday, The Biden Administration released its budget plan for the fiscal year of 2023. The budget proposal, which totals $5.8 trillion with a $1.15 trillion deficit, features some hints on the admi...
U.S. Treasury wants to include crypto in foreign accounts reporting rules
A new proposal published by the U.S. Treasury suggests that cryptocurrencies such as Bitcoin and Ethereum should be added to the Internal Revenue Service’s (IRS) rules for reporting taxpayers’ offshor...
Biden’s 2023 budget proposal seeks to apply accounting and tax reporting rules to crypto
The Biden administration is submitting a budget proposal for the 2023 financial year. The budget proposal comes as the US Treasury Department releases its revenue explanations. It is estimated that th...
Judge Rules Trump Organization Must Comply With Subpoena By Next Month
Topline A New York Supreme Court judge on Monday ordered the Trump Organization to turn over documents to New York Attorney General Letitia James’ office by next month, as prosecutors move forwa...
UK Treasury In Talks With Crypto Firms On Stablecoins, Set To Release New Crypto Rules
The UK’s finance ministry is set to release new regulatory frameworks concerning cryptocurrencies and the use of blockchain technologies across its jurisdiction. Alongside this, government offic...
Hong Kong faces ‘tough balancing act’ in easing border rules, official says
Hong Kong faces a tough balancing act as the city aims to lift some border restrictions for international travelers starting next month, according to a government official. The Chinese territory inte...
Crypto tax rules will reduce US budget deficit by $11B over ten years — White House
The United States government’s budget for the 2023 fiscal year included roughly $11 billion in revenue over the next decade from modernizing rules around digital assets. According to U.S. President Jo...
Japan To Tighten Crypto Rules for Preventing Sanctions Evasion
The Japanese government is planning to make stricter rulings on cryptocurrency exchanges, as the country announced plans to amend its Foreign Exchange and Foreign Trade Act. According to Hokazu Matsun...
Why Alphabet Will Benefit From New European Privacy Rules
(Photo by Johannes EISELE / AFP) (Photo credit should read JOHANNES EISELE/AFP via Getty … [+] Images) AFP via Getty Images European regulators are once again coming after big American technolog...
NFL coaches are divided over whether to change overtime rules
Kansas City Chiefs football team head coach Andy Reid speaks to journalists at a coaches press availability during the NFL owner’s meeting, Monday, March 28, 2022, at The Breakers resort in Palm...
Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules
U.S. President Joe Biden released his 2023 budget proposal on Monday, and in it, his administration is seeking to modernize rules around digital assets that it says would generate an additional $11 bi...
EU to Vote on New Customer Verification Rules
Key Takeaways The European Parliament will vote this week on proposed amendments to its anti-money laundering regulations. Under the new rules, crypto exchanges would be required to collect and verify...
The West Can’t Decide Who Rules Russia But It Can Choose Where To Buy Its Oil, Gas, And Uranium
A tanker moored in a gas and oil dock at the Port of Constanta in Constanta, Romania, on Tuesday, … [+] March 22, 2022. Ukrainian ports have been shut since Russia’s invasion leading deman...
Coinbase introduces new rules for crypto transactions in some countries
Regulations continue to give crypto exchanges a hard time. After Binance was coerced to leave the Ontario district, Coinbase now is implementing new rules to comply with Canada, Japan, and Singapore’s...
Supreme Court Rules Navy Can Sideline Unvaccinated SEALs
Topline The Supreme Court on Friday stayed a lower court ruling that prevented the Navy from limiting the assignments of SEALs who have refused to be vaccinated against Covid-19 on religious grounds, ...
Making a crypto fortune is easy, but here are 5 rules to follow to keep it
Investing in any financial asset can be a tricky exercise, but this is especially true for the fast-paced cryptocurrency market, which comes with its own unique set of pitfalls and challenges. A popu...
New rules will be needed for crypto
Federal Reserve Chairman Jerome Powell on Wednesday said digital innovation in the financial sector is here to stay and with it, new regulations will need to be created. “Novel technology like distrib...
Bank of England Calls for More Regulation as U.K. Crypto Firms Express Frustration With Current Rules
Key Takeaways The Bank of England’s Financial Policy Committee has called for additional regulations on the cryptocurrency industry. Meanwhile, many U.K. crypto firms are struggling to comply with exi...
US Fed Chair Powell Says Crypto Needs New Rules
U.S. Federal Reserve Chair Jerome Powell said that the crypto market would require new rules, as the existing regulatory framework can’t take into account the innovations of the market. Powell was spe...
Fed Chair Powell Says Crypto Requires New Rules, Citing ‘Threats’ To US Financial System
Federal Reserve Chairman Jerome Powell emphasized on Wednesday that technology transformation is here to stay in the financial sector and that new regulations will be required. Powell revealed some in...
India’s Proposed Crypto Tax Rules May Become Law
India’s proposed crypto tax rules may into law tomorrow through parliament. According to a report by CNBC on February 3, Ashish Singhal, CEO of cryptocurrency exchange CoinSwitch, said that Indi...
NFL Revises Rules on Cryptocurrency Sponsorship Deals
The National Football League in the U.S. has given the green light to teams to solicit sponsorship’s from blockchain companies. The teams are not allowed to promote specific cryptocurrencies, nor are ...
Analysts Pour Scorn on Ja Rule’s $3K ApeCoin Projections
Ja Rule’s investment track record has been questionable in the past, so when the rapper tweeted pondering a $3,000 price for ApeCoin in the next three years, the responses were varied. Is it possible ...
Thailand Adopts Rules Restricting Cryptocurrency Payments From April – Regulation Bitcoin News
Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only br...
Mining Industry Not That Worried by SEC’s Proposed New Climate Reporting Rules
The SEC’s proposal will be open for public comment for at least two months before the agency will begin its work on a final rule. However, if the proposal requires companies to report more detailed em...
Chinese Internet Giants Tencent And Alibaba Are Tightening NFT Rules, Here’s Why
Chinese internet giants Tencent and Alibaba have tightened certain rules on their respective NFT marketplaces, as part of preemptive measures to avoid any further regulatory crackdowns in the country....