43 / 82 Relevant items tagged with #Policy

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Delaware, We Need to Talk

[Nov 14, 2023 12:30 PM] Some sectors of the crypto industry were excited (and/or confused) by an apparent BlackRock XRP Trust filing in the state of Delaware, suggesting the massive asset manager may try to launch an XRP exchange-traded fund (ETF) after applying to launch…

Cathie Wood Speculates Gary Gensler's Political Ambitions Are Affecting Spot BTC ETF Judgement

[Nov 14, 2023 10:41 AM] Wood said Gensler's concerns that bitcoin is prone to market manipulation, one of the barriers to the approval of a spot BTC ETF in the U.S., belie his perfectly sound cryptocurrency knowledge.

Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi

[Nov 14, 2023 5:06 AM] Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols.

UK Cabinet Reshuffle Gives Bim Afolami Responsibility for Crypto, CBDC, Replacing Griffith

[Nov 14, 2023 3:37 AM] His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.

Crypto.com Wins Digital Asset License in Dubai

[Nov 14, 2023 12:08 AM] Cryptocurrency exchange Crypto.com has been granted a licence to operate specified virtual asset service activities in Dubai.

Crypto Tax Proposal Open for Revision, IRS Officials' Questions Suggest

[Nov 13, 2023 2:20 PM] While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper overreach, questions posed by a panel of IRS and Department of the Treasury officials at a Monday…

IRS 'Raided' by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal

[Nov 13, 2023 7:30 AM] The U.S. Internal Revenue Service (IRS) is gathering the final words now from a crypto sector that is arguing the agency's proposal for a digital-assets taxation regime is an existential threat to investor privacy and to decentralized crypto…

International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up

[Nov 10, 2023 7:36 AM] Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement.

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

[Nov 10, 2023 1:17 AM] The news comes a day after HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients.

EU Parliament Approves Data Act With Smart-Contract Kill Switch Provision

[Nov 9, 2023 9:36 AM] The final version of the bill's text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause.

India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges

[Nov 9, 2023 5:28 AM] India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.

SBF Trial: The Last Day of Summer Camp

[Nov 9, 2023 5:00 AM] We weren't really sure if it was the last day or not. The jury determining Sam Bankman-Fried's fate had begun deliberating the charges just a few hours before, after Judge Lewis Kaplan had spent much of the morning and some time after lunch reading…

Competition in Digital Markets Hits G7 Nations' Radar

[Nov 9, 2023 3:16 AM] Policymakers from the Group of Seven advanced nations agreed to collectively coordinate scanning for early warning signs that may tip competition in digital markets.

India's Central Bureau of Investigation Appoints Liminal to Manage Seized Digital Assets

[Nov 9, 2023 1:49 AM] India's Central Bureau of Investigation (CBI), the premier investigating police agency in the nation, has appointed digital asset custodian Liminal to manage seized digital assets.

U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown

[Nov 8, 2023 5:58 PM] As the U.S. House of Representatives weighs legislation on next year's spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses.

U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT

[Nov 8, 2023 4:20 PM] Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.

Binance Has No Real Argument for Dismissing SEC Suit, Regulator Says

[Nov 8, 2023 3:29 PM]

U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push

[Nov 8, 2023 2:51 PM] The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person…

BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

[Nov 8, 2023 11:11 AM] For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.

UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says

[Nov 8, 2023 9:50 AM] The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through…

EU Banking Watchdog Seeks Feedback on Draft Liquidity, Capital Rules for Stablecoin Issuers

[Nov 8, 2023 7:09 AM] Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.

Swiss Crypto Bank SEBA Wins Hong Kong License

[Nov 8, 2023 6:47 AM] The bank's Hong Kong unit can now deal in and distribute securities, including virtual assets-related products.

CBDCs Are 'Central' to Innovating Financial Systems, BIS Chief Says

[Nov 8, 2023 4:18 AM] Central banks will have a limited role to play relative to the private sector in CBDC issuance, the group's general manager Agustín Carstens said.

Crypto's Bromance With U.S. CFTC May Be One-Sided

[Nov 7, 2023 4:16 PM] Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday.

U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments

[Nov 7, 2023 3:53 PM] A proposed rule would let the CFPB supervise nonbank payment providers and transactions between people, including some crypto transactions.

The Crypto Industry Responded to the IRS Proposed Broker Rule

[Nov 7, 2023 11:30 AM] The U.S. Treasury Department and IRS are poised to bring fresh crypto tax reporting rules into effect. The crypto industry largely seems opposed – the majority of comments I read urged caution or raised concerns about the proposal as written while…

U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud

[Nov 7, 2023 10:53 AM] Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency.

U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

[Nov 7, 2023 9:32 AM] Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.

Coinbase Adds 4 National Security Experts to Its Global Advisory Council

[Nov 7, 2023 7:00 AM] Coinbase has added four national security experts, including former U.S. Secretary of Defence Dr. Mark T. Esper, to its Global Advisory Council.

Coinbase Blocked in Kazakhstan for Breaking New Digital Assets Law: Report

[Nov 7, 2023 6:47 AM] Issuance, circulation, and offering trading of "unsecured digital assets" is prohibited outside the country's financial center under laws that came into effect earlier this year.