Category: Regulation

Do The IRS Crypto Tax Letters Violate Taxpayer Rights?

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! Earlier this week, crypto tax preparation service CoinTracker shared news that its users were receiving letters from the Internal Revenue Service warning them that they may have misreported their crypto transactions to…

August 27, 2020
Report indicates banks launder more money than Bitcoin and other cryptos

A new report out of Mexico noted that financial institutions and banks launder a huge amount of money compared to newer financial businesses, according to El Economista. Banks the biggest money launderers In its second National Risk Assessment, Mexico’s Financial Intelligence Unit concluded that the money laundering activities originating from banks and other financial institutions…

August 27, 2020
BitGo seeks to become a qualified crypto custodian in New York state

Digital asset financial services firm BitGo has formally applied for a New York Trust Charter from the NYDFS.

August 27, 2020
NYSE Can Allow Firms to Raise Funding Through Direct Listings, Says SEC

The New York Stock Exchange may now allow some companies to raise capital via direct listings rather than IPOs.

August 27, 2020
NYSE Can Allow Firms to Raise Funding Through Direct Listings, Says SEC

The New York Stock Exchange may now allow some companies to raise capital via direct listings rather than IPOs.

August 27, 2020
Binance.UK joins self-regulating trade group CryptoUK as Exec Member

Ahead of the launch of its U.K. regulated cryptocurrency exchange, Binance.UK vows to proactively update CryptoUK’s code of conduct to remain fit for purpose.

August 27, 2020
Whitelist-only crypto withdrawals coming soon claims Ari Paul

A shift in the crypto ecosystem could result in a whitelist of coins and addresses according to Ari Paul.

August 26, 2020
Brazil’s central bank examines the benefits of a CBDC

Brazil’s central bank believes you’ve got to change money, to save money.

August 26, 2020
No more cheap electricity for Inner Mongolian crypto miners, officials say

The halcyon days of state subsidized electricity are over.

August 26, 2020
Becoming an ‘accredited investor’ in the US is no longer just about being rich

The SEC has relaxed rules that once prioritized net worth over financial sophistication.

August 26, 2020