Category: Regulation
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IRS Plans to Ask Every American Worker if They Used Crypto in 2020
Every American filing taxes for 2020 will have to tell the IRS whether they used crypto this year, according to new drafts from the tax agency.
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CFTC Seeks $429M Penalty Against Ponzi Operator Who Ghosted Them
While nobody can find the man behind alleged ponzi scheme Control-Finance, the CFTC is asking the court to throw the book at him.
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The Challenge of Taxing Proof-of-Stake
Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value.
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US Bank Regulator Sees Potential in Fintech Solutions to Legacy Banking Issues
A fintech-positive U.S. banking regulator sees a role for private companies in providing better banking services.
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Tether Could Be Enabling Capital Flight From China, Says Chainalysis
The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult.
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OneCoin Founder’s Brother Agrees to Testify Against Sister in Settlement
The OneCoin case now seems to turn the sibling founders against each other.
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Uber Exec Denies Bitcoin Hush Money Charges
A spokesman for Joseph Sullivan has denied the charges the Uber exec faces for paying hackers $100K in Bitcoin to cover up a data breach.
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UK Financial Watchdog Grants Licenses to Archax and Gemini
The UK’s Financial Conduct Authority has granted licenses to two crypto exchanges operating in the country, Archax and Gemini.
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Uber Exec Allegedly Concealed 2016 Hack With $100K BTC ‘Bug Bounty’ Pay-Off
A former CSO is accused of trying to conceal Uber’s involvement in a 2016 data breach by paying the hackers $100K in Bitcoin.
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No, Crypto Payments Won’t Ruin Russia’s Financial System, Key Players Say
Is Russia harming its economy by banning crypto payments?