Regulatory Bodies
Blockchain Association meeting with key Biden staff about regulations
Photo: Cointelegraph The crypto advocacy group is going on a charm offensive and meeting with top representatives of the Biden administration. The U.S.-based crypto advocacy group, the Blockchain Association, is lobbying key figures in the Biden administration to advocate for more favourable regulat
Ripple's Asia expansion unaffected by SEC lawsuit.
Photo: Cointelegraph Ripple CEO Brad Garlinghouse says the company's activities in the Asia-Pacific region have not been affected by current regulatory troubles in the United States. Despite being in the middle of a $1.3 billion lawsuit with the United States Securities and Exchange Commission, it a
Law Decoded: Closing remarks on the future of crypto law.
Photo: Cointelegraph The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto. Ladies and gentlemen, it is bittersweet to welcome you to the final instalment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter
Thailand's crypto market seeks clearer regulations as industry interest peaks.
Photo: Cointelegraph The Thai SEC says the total number of crypto accounts rose by nearly 300% over the course of the last 180 days. Thailand currently lays claim to one of the more regulated crypto trading markets in the world, with exchanges having to adhere to strict regulatory standards. For exa
No crypto ban in India: Finance Minister predicts "very calibrated" stance.
Photo: Cointelegraph No blanket ban on the horizon, with an open “window” for experimentation in India, says Nirmala Sitharaman. Yet another “crypto ban” turns out to be a temporary FUD. In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket
Central bank digital currency a mixed blessing.
Photo: Cointelegraph The Reserve Bank of India has described central bank digital currencies as a mixed bag in its report on currency and finance for 2020 to 2021. India’s central bank has recognized the potential benefits of central bank digital currencies or CBDCs, but not without including a few
China's Inner Mongolia to shut down crypto mining farms by April
Photo: Cointelegraph Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals. Authorities of the Chinese autonomous region of Inner Mongolia have proposed closing down all local cryptocurrency mining facilities to reduce energy consumption in the region. The Inner Mongol
MoneyGram faces lawsuit over alleged false statements regarding XRP
Photo: Cointelegraph Ripple partner MoneyGram is facing a lawsuit alleging the firm issued misleading statements and failed to disclose XRP's status as unlicensed security. Payments company MoneyGram International has been sued over allegedly false statements made regarding its partnership with Ripp
'Play by the rules or we will shut you down,' says NY AG to crypto industry
Photo: Cointelegraph Letitia James said her office was "sending a clear message to the entire industry." New York Attorney General Letitia James is advising members of the crypto industry and investors to stay vigilant against participating in or becoming a victim of illegal activities. Accord
Thai SEC forced to clarify proposed crypto rules after public backlash
Photo: Cointelegraph Financial regulators in Thailand may adjust the minimum annual income qualification for crypto investors amid public outrage. Thailand’s Securities and Exchange Commission has walked back previous plans to enact a 1 million baht (about $33,000) minimum annual income requirement
Turkish finance ministry to study cryptocurrency with local regulators
Photo: Cointelegraph Regulators are taking a hard look at crypto in Turkey, but local experts welcome the oversight. Turkey made itself a name as a crypto-friendly country with a "wait and see" approach to digital assets, but that could be about to change, as the government is now ready to take thin
IRS clarifies reporting requirements for crypto bought with fiat
Photo: Cointelegraph The United States IRS has clarified that crypto investors who only purchased digital assets using fiat and did not sell during 2020 do not need to report said activities. The United States Internal Revenue Service, or IRS, has updated its FAQ section on cryptocurrency to clarify
Kentucky bill to provide tax breaks for local crypto miners
Photo: Cointelegraph Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe. Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners. Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 2
SEC's Division of Examinations issues Risk Alert on digital assets
Photo: Cointelegraph The Risk Alert seemed to take particular aim at broker-dealers, who have been "inadequate" in their AML compliance. The Security and Exchange Commission's Division of Examinations published on Friday a blueprint for investment managers and institutions on how the division will i
Iran Should Mine Crypto to Skirt Sanctions, Says President-Linked Think Tank
Photo: Coindesk Crypto income could benefit the economy and help bring foreign funds into the country, the think tank says. An Iranian think tank associated with the office of President Hassan Rouhani has issued a report calling for the nation to mine cryptocurrency in order to help the economy amid
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